GSTR-3B for each month is required to be filed by 20th of next month. Earlier, filing of GSTR-3B was extended till December but due to the difficulties faced while filing various GSTR returns ,it was decided that small and medium businesses with upto INR 1.50 Crores turnover shall be required to pay taxes and file quarterly returns. The registered buyers from such small taxpayers would be eligible to avail credit on monthly basis.
GSTR-1, GSTR-2, GSTR-3 and GSTR-3B are to be file for the respective months of July, August and September respectively.
Point No. 5 of GST Council Recommendations read as below:
To facilitate the ease of payment and return filing for small and medium businesses with annual aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from the Third Quarter of this Financial Year i.e. October-December, 2017. The registered buyers from such small taxpayers would be eligible to avail ITC on a monthly basis. The due dates for filing the quarterly returns for such taxpayers shall be announced in due course. Meanwhile, all taxpayers will be required to file FORM GSTR-3B on a monthly basis till December, 2017. All taxpayers are also required to file FORM GSTR-1, 2 & 3 for the months of July, August and September, 2017. Due dates for filing the returns for the month of July, 2017 have already been announced. The due dates for the months of August and September, 2017 will be announced in due course.
FAQ issued by GSTN is provided below for reference.
The question is:
Whether small and medium businesses need to file GSTR-3B on a monthly basis or not? If yes, then with or without payment of tax?
No clarification is issued in this regard and time for filing GSTR-3B for October has already started (if it is required to be filed on monthly basis).
If you have answer to the above query, please reply by comments.
GSTR 3B need to be filed for the month of October by 20th November. Please refer Highlights of the Recommendations in GST Council meeting held today