GST: Just 3 Days left to file GSTR-3B Return, reminds CBIC

GST - GSTR-3B Return - CBIC - Taxscan

The Central Board of Indirect Taxes and Customs (CBIC) reminded the GST Taxpayers who are not under Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme that only 3 days left to file GSTR-3B.

The due date for filing monthly GSTR-3B Return for the month of January 2021 is February 20, 2021 and delay in filing will attract late fees as well as interest.

The GSTR-3B is a consolidated summary return of inward and outward supplies that the Government of India has introduced as a way to relax the requirements for businesses that have recently transitioned to GST.

A lot of small and medium businesses have been using manual accounting methods, filing returns within the July 2017 deadlines would be difficult for many of these businesses. Hence, from July 2017 to June 2018, tax payments will be based on a simple return called the GSTR-3B.

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