Apurva Mehta asked 7 years ago
GSTR 3B
Madam, Video of yours on 19 Oct 2017 states that small traders do not have to file monthly returns, they can opt for quarterly filing, But the portal states that GSTR 3B monthly returns are compulsory, there is a lot of confusion among taxpayers. One return quarterly other monthly. Second, the purpose for which this was introduced is also not solved, such as ease of compliance, locking of working capital, etc. Also, there is a penalty for not complying. The GST council is misleading taxpayers. Kindly help.
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Sachin Agrahari answered 7 years ago
Madam,
GSTR 3B is a summary Return, In this only few information have to uploaded like only Outward supply, taxes on said supply and Input Tax credit on self assessment basis. GSTR 3B is introduced only for tax collection to Government and claim of ITC to tax payers due to technical errors in GSTN Portal in GST Return 1, 2 and 3.
For small taxpayers Return is to be filed on Quarterly basis i.e. GSTR 1, 2 and 3.
And also this process has changed after the 27th meeting of GST Council which was held on 4th may 2018. Only one return is to be filed by all taxpayers from the date of notification.
In case of any query please feel free to call or whatsapp on 8574566807
