GST Return 3B

NIL monthly GST return 3B can now be filed through SMS

What is GSTR 3B (Monthly Return):-

Every GST registered business is require to file monthly return in Form GSTR 3B, whether NIL business transaction or higher business transaction during the previous month. Within 20 days after the closure of month, mandatory to file form GSTR 3B.

if failure to file the same, there is penalty on the per days basis till the date it is filed. Next month return can't be filed without paying the penalty of last return. 

Hence every business registered under GST must file GSTR 3B on time to avoid penalty.

How to file GSTR 3B monthly return:-    

Monthly GST return can be filed by himself, GST professionals, accounts staff, through various other online tools available in the market. 

For filing the GST Return login on the portal is require & for that need computer, internet connection etc. 

It has been noticed that if business transactions is there, then business owner is ready to take services from GST professionals but if there is NIL transaction & business not running, he/she not willing to take services of GST professionals. 

Also its difficult for business owner to pay penalty after few months & then he/she has to close his/her business.

 Process to file monthly GST return by SMS

This is the new system developed by GSTN for filing monthly GST return by SMS only, this will ease the process of return filing. Now return can be filed himself without any issue. 

This facility is available only for NIL Liability returns. Now following steps to be followed to file GST return via SMS

 

 The status of the return sol filed can be tracked on the GST Portal by logging into GSTIN account and navigating to Services>Returns>Track Return Status.

 Conclusion:-

Filing of NIL GST return is just a simple task, no expert or calculation or extra efforts required, hence if this process is made simple & easy, it will benefit a lot to taxpayer. Reduce the non compliance. Will increase the number of returns filing. Return can be filed by a layman also.

 Source:-Press Release by Ministry of Finance dt 08th June 2020.

  

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