How do you compare GSTR1 and Gstr 3B in GST portal?

Payment of Taxes

1. GSTR-1: While filing GSTR-1 no amount of tax has to be paid.
2. GSTR-3B: The return GSTR-3B can be filed only after paying the Tax Liability (CGST, SGST and IGST).
3. GSTR-1: If GSTR-1 is filed after the Due Date then a late fee of Rs.
4. GSTR-3B: If GSTR-3B is filed after the Due Date then late fees of Rs.

Can we file GSTR1 without filing Gstr 3B?

Yes ,you can file GSTR1 without filing GSTR3B . In most of the cases ,where return filing option chosen is monthly ,R1 is filed before 3B as latter date of filling is 20th of every month but of R1 is 11th of every month .

What is the difference between gstr2a and gstr2b?

GSTR-2B provides eligible and ineligible Input Tax Credit (ITC) for each month, similar to GSTR-2A but remains constant or unchanged for a period.

How do I change my GSTR1 to Gstr 3B?

Login to the GST portal and to go to the ‘Return Dashboard’ Select the year and the month for which you want to reset GSTR-3B. Click on Prepare Online. Since you have already submitted your return, the option to ‘Reset GSTR 3B’ will be activated.

What should I file first Gstr-1 or 3B?

With effect from 1st January 2021, GSTR-1 has to be filed before filing the GSTR-3B return. Prior to this date, a quarterly GSTR-1 filer would have filed his quarterly GSTR-1 end of the month succeeding the quarter, which would have been after filing GSTR-3B.

How do you match 2A and 3B?

Step 1: Login to ClearTax GST and on the dashboard, click on ‘Reports’ tab. Step 2: Click on the ‘GSTR-3B vs GSTR-2A report tile and choose the business for which you want to compare the two returns. Step 3: Choose Financial Year Select the financial year for which you want the report to be generated.

What happens if gstr1 is not filed?

Late Fees and Penalty. As per the GST law, a late fee for not filing GSTR-1 is Rs. 200 per day of delay (Rs. 100 as per the CGST Act and Rs.

Is Gstr 3B mandatory?

Is filing GSTR 3B mandatory? Ans. Yes, filing GSTR3B filing is mandatory for all the normal and casual taxpayers, including those with no business in the particular tax period.

Who should file gstr2?

GSTR 2 – Purchase Return GSTR-2 is a purchase return that is required to be filed by every GST registered person. Tax payers are to enter details relevant to their inward supplies in the GSTR 2 purchase return.

What is Gstr 3B and Gstr 1?

GSTR – 3B is a monthly summary return filed by a taxpayer by the 20th of the next month or 22nd/24th of month following a quarter. GSTR – 1 is a monthly or quarterly return filed by taxpayers to disclose details of their outward supplies for the month – along with their tax liability.

What happens if too much ITC claimed in Gstr-3B?

Re-claim of ITC Any interest paid earlier on excess claim of ITC will be refunded by crediting the amount to the recipient’s Electronic Cash Ledger. In case of duplication of ITC claim, no refund will be allowed as it is a contravention of the GST provisions.