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GSTR-3B is a form filed with the Goods and Services Tax Network (GSTN) to declare sales turnover, input tax credit (ITC), total payable taxes, and other relevant details. This form must be filled out for all goods or services transactions made by an entity in a given month as part of their GST compliance.
It is important to note that the filing of GSTR 3B does not exempt entities from filing annual GST returns or any other related declarations. Filing this document serves as a summary declaration for businesses to assess the impact of their GST liability on their finances at the end of every quarter.
The filing of a GST return, GSTR 3B, is mandatory for all taxpayers who are liable to pay GST in India. But who exactly should file GSTR 3B? Here are some groups that should make sure they file their returns:
