GSTR 3B Due Date Extended to 22 August 2019 for the month of July 2019

The Central Board of Indirect Taxes and Customs (CBIC) have extended the due date for GSTR-3B return for July 2019 to 22nd August. As per the sources, the Notification regarding this shall be issued shortly. 
 

However, the last date for filing GSTR-3B for the month July was 20th August 2019

What is GSTR-3B?
 

Form GSTR-3B is a self-declaration form under Goods and Services Tax. Unlike other Goods and Services Tax forms, a registered individual is not required to provide any invoice details at the time of filing GSTR-3B returns.
 

According to the CBIC (Central Board of Indirect Taxes and Customs) decision, the GSTR-3B returns are required to be filed till June 2019 through the GST Portal. GSTR-3B must be filed by the 20th of the subsequent month.
 

The notification said that every registered individual furnishing the return in FORM GSTR-3B of the said rules shall, subjected to the provisions of section 49 of the said Act, must discharge his liability towards tax, interest, penalty, fees or any other sum payable under the said Act through debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date specified, on which the individual is required to furnish the said return.
 

Delays or non-filing of GSTR-3B returns shall attract a penalty. Individuals are not required to file the GSTR 3B form manually.
 

GSTR 3B form is auto-filling by nature. Only sales, as well as purchase values, are required to be provided by the taxpayer. 
 

However, as per the recent updates on the GSTN portal, taxpayers could file the GSTR 3B more easily and quickly now. This involves that the taxpayer who files nil returns now is required to file a simple return form with minimum details. After the implementation of the new functionality, Nil Return Taxpayers are freed of the former extra details that were needed to be provided.

Who should file GSTR 3B?
 

Every individual who has registered for GST should file the return GSTR-3B which also includes Nil Return.
 

Though, the following registrants are not required to file GSTR-3B
 

•    Input Service Distributors and Composition Dealers
 

•    Suppliers of OIDAR
 

•    Non-resident taxable individual

Late Fee and Penalty of GSTR 3B

GST mandates the filing of GSTR 3B even by those individuals with nil returns. 
 

GSTR 3B is the monthly self-declaration form that must be filed by every taxpayer regardless of the returns.
 

As per GST laws, the fee for late filing of the returns is Rs. 25 per day for Central GST (CGST) as well as an equal sum under State GST (SGST). Though, those companies who are required to file returns but have 'nil' tax liability shall pay a fine of Rs. 10 under CGST law, as well as an equal sum under SGST law. 

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Author:

eStartIndia Team