What Is GSTR-3B?
GSTR-3B is a summary GST return used by applicable taxpayers to declare tax liability, eligible input tax credit and the net tax payable for a tax period.
Quick Answer
GSTR-3B is a summary GST return used by applicable taxpayers to declare tax liability, eligible input tax credit and the net tax payable for a tax period.
GSTR-3B is a summary return through which applicable taxpayers report GST liabilities and eligible input tax credit and discharge the resulting tax liability.
Practical GST Workflow
- Maintain complete sales and purchase records.
- Reconcile return data with books and source documents.
- Review exceptions such as credit notes, amendments and ITC restrictions.
- File the applicable GST return and retain supporting records.
