GSTR 3B
This will demonstrate how a user can file their GSTR-3B through GST solution.
1. Login to the GST Enterprise Portal
Login to the GST Enterprise software using a valid 'User ID' and 'Password', enter valid then click on the “Sign In” tab.
You can make the system auto-fill your credentials next time you sign in by clicking on “Remember Me”.
2. What is GSTR-3B?
GSTR-3B is a summary calculated using Sales and Purchase data and is populated in various sections and tables depending on the type of data imported.
It depends on various factors like Supply type, Invoice type, Reverse Charge, ITC, etc.
GSTR-3B is populated in different financial years and months depending on what was the GSTR-3B Autofill period while importing the data for GSTR-1 and GSTR-2.
If the user has imported data with GSTR-3B Autofill period as suppose “03-2022” then this data can be viewed by changing the return period to March 2021-22 from the return period tab.
(Please refer to GSTR-1 regarding how to change the Return period in Enterprise Solution).
3. Preparing GSTR-3B data
Next, the user has to go to the “GST Return” module, 3rd option in the left sidebar.
Here, click the GSTR- 3B Tile on the File 3B button.
The below page will open, user can get a summary on this page. For complete details, click on the “Detail View” button as shown below.
This screen is where the user will get a detailed and precise view of the GSTR-3B details for any particular 3B autofill period and any business.
Also, this screen provides the user with an array of Global action buttons that act on all tables/sections and local action buttons that act on particular tables and their sections.
Under detailed view, GSTR-3B is divided into 6 sections :
3.1: Details of Outward Supplies and Inward supplies liable to reverse charge.
3.2: Of the supplies shown in 3.1(a) above, details of the Inter-State supplies made to an unregistered person, composition taxable person and UIN holder.
4: Eligible ITC.
5: Values of exempt, nil-rated and non-GST inward supplies.
5.2: Interest & Late Fees
6.2: TDS/TCS Credit
Here is the list of various sections in the GSTR-3B -
Table 3.1: Outward supplies and inward supplies on reverse charge: i.e. Details where tax is payable by the user.
These details are further broken down into the following:
(a) Outward taxable supplies.
(b) Outward taxable supplies (zero-rated)
(c) Other outward supplies (nil rated, exempt)
(d) Inward supplies (liable to reverse charge)
(e) Non-GST outward supplies
In case, the user cannot see any data after importing, please ensure that the GSTIN for which sales and purchase data are imported is selected in the business unit top bar and the correct Financial year and month are selected. In case, the data is still showing as 0, the user can try clicking on the Global Refresh button.
Table 3.2: Of the supplies shown in 3.1(a) above, details of inter-state supplies made to unregistered persons, composition, taxable persons, and UIN holders.
Here user must mention the inter-state supplies which are made to :
Unregistered persons
Composition dealers
Those who hold a UIN
Table 4: Eligible ITC: In this section, a comprehensive breakdown of Input Tax Credit (ITC) information for a specific tax return period must be provided by the users. This encompasses ITC acquired through the import of goods and services, capital goods, inward supplies subjected to reverse charge mechanism, and ITC allocated by an Input Service Distributor (ISD). It also encompasses details regarding ineligible ITC, ITC reversals according to various provisions of the Central Goods and Services Tax (CGST) Act and Rules, unclaimed ITC, and reclaimed ITC.
Accurate declaration of ITC amounts in this table is of utmost importance as it directly influences the calculation of net tax liability and the total GST payable to the government. Inaccurate reporting may lead to regulatory notices and penalties.
Only the total summary has to be reported and the invoice-level information is not required.
Using Masters India, users can prepare this table from three data sets:
Purchase Register:
Users would be able to prepare their GSTR-3B Table 4 using the purchase invoices/purchase register, which they have imported in Masters India GST Enterprise using the "Data Import" Section.
GSTR-2B:
Table 4 of GSTR-3B can also be prepared using the GSTR-2B report prepared by the GST. The report can further be used by Masters India to prepare GSTR-3B Table 4. Following are the steps to do so:
Users need to Verify their GSTIN using OTP, in the "Manage Business" section of the Configuration Module.
Go ahead and download the GSTR-2B report from the GST Reports section. (For further details about GSTR-2B report fetching, refer to the "Reports" manual to know how to download the same.)
This report can now be used directly for autofill in Table 4 for that GSTIN and return period.
GSTR-2B vs Purchase Reconciliation:
Users can also use their reconciled invoices to prepare their GSTR-3B Table 4. Once the users complete their GSTR-2B vs Purchase Register reconciliation, all the invoices which are matched either by reconciliation or manually will be utilised for this autofill. (For further details about GSTR-2B vs Purchase Register Reconciliation, refer to the Reconciliation manual ahead)
Unique features available for GSTR-2B vs Purchase Reconciliation Autofill:
Partial ITC Autofill
Users can now claim the ITC from the invoices, where the invoice contains eligible and ineligible ITC line items, as per the purchase register.
Update in Reconciliation:
Once the user auto-fills the GSTR-3B Table-4, they can update the 3B status in the Document that participated in the 3B auto-fill.
After clicking the "Update in Reconciliation" button, the 3B status field will be updated in the Reconciliation report.
Users can also revert the update done in the reconciliation report by clicking on the "Reset in Reconciliation" button.
View Invoices:
Users can now view the documents participating in GSTR-3B Autofill on the Masters India portal in real time. Users need to select Autofill via reconciliation, and once the data is prepared, users will be able to view their invoices by clicking on the "View Invoice" button.
Users can see the difference in the invoices from GSTR-2B and the Purchase register, which were matched.
Users can also download their invoice data by clicking on the "Export" button at the top. The report will be available in the Download section of the GSTR-3B Form.
Users can also delete particular invoices as per their will, from the "View Invoice" section. They need to select the invoice by clicking on the checkbox on the left of the invoice and then by clicking on the "Delete" button.
Table 5: Values of exempt, nil-rated and non-GST inward supplies: In this section user has to report any purchases made by him/her of goods or services, which are from a composition dealer, are exempt, nil-rated or not covered by GST at all. This information must be broken down into inter-state and intra-state.
Table 5.1: Interest & Late Fee: Under this section, the user has to report the final tax payable by you on taxable supplies made by him/her, which will match with 3.1. (a).
Table 6.2: TDS/TCS Credit: Note that for now no TDS or TCS have to be reported or collected. This section is not applicable for now.
4. Editing (if required) GSTR-3B data -
In case, user observes any kind of discrepancies in the data for some reason, then user can make changes and edit the 3B data accordingly using the edit feature button.
5. Uploading and submitting GSTR-3B data
Once, the user has verified their data and it is ready for upload, the user has to click on the upload button and the data will be uploaded on the GST portal.
6. GSTR-3B auto setoff
While going to the payment Section of GSTR-3B, the details below would be shown:-
Ledger Details
Payment Details.
Auto set-off using the setoff rule.
Total ITC Calculation:-
Total IGST ITC = IGST claimed in current return period + IGST in ITC ledger.
Total CGST ITC = CGST claimed in current return period + CGST in ITC ledger.
Total SGST ITC = SGST claimed in current return period + SGST in ITC ledger.
Total CESS ITC = CESS claimed in current return period + CESS in ITC ledger.
Users can generate the preview report, challan for the amount needed to pay and complete the payment by saving the form.
Once set-off is complete, users can file the GSTR 3B using EVC or DSC.
7. Filing GSTR-3B
After all the data in GSTR-3B has been uploaded by the user, go to the “Save and File tab” to file GSTR-3B.
8. Locking the GSTR-3B Form
Masters India has provided a feature, where users can freeze their GSTR-3B Form, once they have prepared the same. Once the users have locked their form, it will prevent further editing of the form by any user.
Once users prepare their whole GSTR-3B Form and complete the Table 4 autofill, then users can proceed and lock their form. Users need to click on the enabled "Lock" button and check the information before proceeding.
Once you click on "Yes", an OTP will be generated and sent to your registered user e-mail ID for confirmation. Users need to fill in the OTP in the pop-up and their GST Return Form-3B would be saved and locked.
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