How to File GSTR-1, GSTR-2, and GSTR-3B: Step-by-Step Guide

Filing GST returns is a crucial aspect of compliance for businesses registered under GST (Goods and Services Tax). The process of filing GST returns ensures that businesses remain compliant with the tax regulations and avoid penalties. Among the key returns that need to be filed monthly or quarterly are GSTR-1, GSTR-2, and GSTR-3B. Here’s a step-by-step guide on how to file these returns:

How to File GSTR-1, GSTR-2, and GSTR-3B: Step-by-Step Guide, Get Practical GST Course in Delhi, 110094, by SLA Consultants India, New Delhi

1. GSTR-1 (Details of Outward Supplies)

GSTR-1 is a return where businesses report the details of their outward supplies (sales) of goods and services. It must be filed monthly or quarterly, depending on the type of taxpayer.

Steps to File GSTR-1:

• Step 1: Log in to the GST portal at www.gst.gov.in.

• Step 2: Navigate to the “Returns Dashboard” and select the relevant Financial Year and Return Filing Period (Month/Quarter).

• Step 3: Click on GSTR-1 to start the filing process.

• Step 4: Provide details of outward supplies. You need to fill in the invoices issued during the period, including B2B (business-to-business), B2C (business-to-consumer), exports, and reverse charge transactions.

• Step 5: After entering all the details, click on “Save” and “Submit”.

• Step 6: File the return by clicking on “File GSTR-1”. You may need to pay any taxes due before filing.

2. GSTR-2 (Details of Inward Supplies)

GSTR-2 is a return for reporting the inward supplies (purchases) of goods and services. However, GSTR-2 was suspended for most taxpayers from the 2017-18 period, and now the information from GSTR-2 is auto-populated in GSTR-3B.

For taxpayers whose GSTR-2 is required:

• The process typically involves reviewing auto-drafted details and confirming them.

• Step 1: Log in to the GST portal.

• Step 2: Navigate to the Returns section and select GSTR-2.

• Step 3: Review the inward supply details from GSTR-1 filed by the supplier.

• Step 4: Make any necessary changes, and then submit the return.

Since GSTR-2 has been mostly suspended, businesses primarily focus on GSTR-3B.

3. GSTR-3B (Summary Return)

GSTR-3B is a self-assessment return that summarizes the GST liability for the tax period. It must be filed monthly.

Steps to File GSTR-3B:

• Step 1: Log in to the GST portal.

• Step 2: Go to the “Returns Dashboard” and select the relevant period.

• Step 3: Choose GSTR-3B to start the filing process.

• Step 4: Provide details of the tax liability under different heads:

  • Outward Supplies: Enter the details of outward taxable supplies and the applicable GST.

  • Input Tax Credit (ITC): Report ITC available on purchases.

  • Payment of Taxes: Calculate and report the total tax payable.

• Step 5: Verify the details and save the information.

• Step 6: Once you are sure that the details are correct, click on “Submit” and then “File” to complete the filing.

How to File GSTR-1, GSTR-2, and GSTR-3B: Step-by-Step Guide, Get Practical GST Course in Delhi, 110094, by SLA Consultants India, New Delhi

Practical GST Course by SLA Consultants India

If you are looking to gain in-depth knowledge about GST return filing and its practical implementation, SLA Consultants India offers a Practical GST Course in Delhi. The course covers various aspects of GST, including the filing of GSTR-1, GSTR-2, and GSTR-3B, as well as the basics of GST law, GST registration, and filing procedures. Located in New Delhi, 110094, SLA Consultants India provides hands-on training to ensure that individuals understand the intricacies of the GST filing process.

The course is ideal for business owners, accountants, and tax professionals looking to enhance their GST knowledge and ensure compliance with GST regulations.

Conclusion Filing GST returns such as GSTR-1, GSTR-2, and GSTR-3B is a crucial part of maintaining business compliance under the GST system. By following the correct procedures and learning through practical courses, businesses can efficiently manage their GST filings and avoid penalties.

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GST Training Courses

Module 1 – GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)

Module 2 – Income Tax/TDS – By Chartered Accountant (Direct Tax)

Module 3 – Finalization of Balance sheet/ preparation of Financial Statement- By Chartered Accountant

Module 4 – Banking and Finance Instruments – By Chartered Accountant

Module 5 – Customs / Import and Export Procedures – By Chartered Accountant

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