GSTR 3B
This will demonstrate how a user can file their GSTR-3B through GST solution.
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 sales and purchase registers.
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.
GSTR-3B Form is divided into 6 sections :
Table 3.1: Details of Outward Supplies and Inward Supplies Liable to 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
Table 3.2: Of the supplies shown in 3.1(a), details of the Inter-State supplies made to an unregistered person, composition taxable person and UIN holder.
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 subject 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.
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 5.2: Interest & Late Fees: 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
Filing GSTR-3B
The user has to go to the “GST Return” module from the Navigation Bar on the left. Here, click the GSTR- 3B Tile on the File 3B button.
Preparing GSTR-3B data
The below page will open, and user can get a summary of their GSTR-3B on this page. For complete details, click on the “Detailed View” button as shown below.
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.
Actions on the Prepared Data
Editing GSTR-3B Tables Data
The Prepare section 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.
In case, the user observes any kind of discrepancies in the data for some reason, then the user can make changes and edit the 3B data accordingly using the edit feature button.
The following is a description of the actions that are available as Global Actions to edit the data in the GSTR-3B form.
Preparing Table 4 in GSTR-3B
Using Masters India, users can prepare this table from three data sets:
1. 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.
2. 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.
To get the GSTR-2B data from the GST Portal to Masters India GST Software (if not populated before), the 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.
3. GSTR-2B vs Purchase Reconciliation:
Users can also use their reconciled invoices to prepare their Table 4. Once the users complete their GSTR-2B vs Purchase Register reconciliation, all the invoices available in the various match/mismatch buckets can be utilised for this autofill. (For further details about GSTR-2B vs Purchase Register Reconciliation, refer to the Reconciliation manual)
Unique features available for GSTR-2B vs Purchase Reconciliation Table 4 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 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.
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.
In case, the upload fails, the user will get a response for it as well as user can download the error file for the same from the "Upload History" section. Users can check the error, make respective changes and then try to upload again.
The user can download the error file for the failed jobs which showcases the error has to be fixed in the data and then the user can try re-uploading the data.
GSTR-3B Challan Auto Setoff
Once the prepared form is uploaded, the user needs to proceed to pay their liability as per the form. The user needs to proceed to the Payment section to do the same.
In the "Payment" Section of GSTR-3B, the following details below would be shown:-
Cash and ITC Balance/Ledger Details
Payment of Tax
Once all the liability data is collected, the "Payment of Tax" table will be filled out based on the data. Firstly, the available ITC balance will be used to set off the liabilities and the remaining amount will be paid via Cash Balance.
Creating Challan
If additional cash is required to pay the liabilities as shown in the "Additional Cash Required", users can create a challan to add the amount to their Cash Ledger. Click on the "Create Challan" button and the user will be redirected to the "Challans & Payment" module to create a challan for the same. (Refer to the Challans & Payment Manual to understand the further process)
Paying Liabilities
Once the total liabilities are offset by the ITC and Cash Balances, users can click on the "Pay Liabilities" button to finally pay off the liabilities of the return.
GSTR-3B Preview Report
Users can generate a preview report of their uploaded data and payment done on the GST portal once before proceeding to file their returns. Click on the "Download Reports" button to get the PDF.
Filing GSTR-3B
Once the liabilities are paid, users can file the GSTR 3B using EVC filing methods. The user has to go to the “File Return” section to file GSTR-3B.
Click on the "File with EVC" button and enter the OTP in the pop-up box to verify the same.
Click on the enabled "File GSTR-3B" button to file the return.
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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