GST Returns: GSTN reminds due date for filing GSTR-3B for Taxpayers having turnover above Rs.5 cr

The Goods and Service Tax Network (GSTN) reminded all the taxpayers having turnover above Rs. 5 Crores the due date for filing GSTR-3B is 20 February, 2021.

The Taxpayers with an annual turnover of over Rs.5 Crores filed their monthly GSTR-3B for January 2021 on or before 20 February, 2021 failing to attract a late fee and interest.

GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period.

GSTR-3B has to be filed even when there has been no business activity (nil return) and GSTR-3B cannot be revised or amended.

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