Goods and Services Tax (GST) compliance in India requires businesses to file various returns to report their transactions. Among these, GSTR-1, GSTR-2, and GSTR-3B are essential for businesses registered under GST. Understanding these returns is crucial for smooth tax filing and compliance.

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110001, by SLA Consultants India, New Delhi,

1. What is GSTR-1?

GSTR-1 is a monthly or quarterly return that contains details of outward supplies (sales) made by a taxpayer. It must be filed by every registered taxpayer except composition scheme dealers and input service distributors (ISD).

Key Features of GSTR-1:

• Contains details of invoices, debit-credit notes, and exports.
• Filing frequency depends on turnover:
  • Quarterly: Businesses with turnover up to ₹5 crore.
  • Monthly: Businesses with turnover above ₹5 crore.
• Due Dates:
  • 11th of the next month (monthly filers).
  • 13th of the month after the quarter (quarterly filers).

2. What is GSTR-2? (Currently Suspended)

GSTR-2 was meant to be a return for inward supplies (purchases), allowing businesses to claim Input Tax Credit (ITC). However, it has been suspended since 2017 to simplify the compliance process. Instead, taxpayers use GSTR-3B for ITC claims.

3. What is GSTR-3B?

GSTR-3B is a self-declared summary return filed monthly to report sales, purchases, ITC claims, and tax liability. Unlike GSTR-1, it does not require invoice-level details but is essential for tax payment.

Key Features of GSTR-3B:

• Mandatory for all regular GST taxpayers.
• Summarizes total sales, ITC claims, and tax payable.
• Tax liability must be paid before filing.
• Due Date: 20th of the next month (or staggered dates for small taxpayers).

Importance of Filing GSTR-1, GSTR-2, and GSTR-3B

• Ensures compliance and avoids penalties.
• Enables smooth ITC claims and tax reconciliation.
• Helps maintain accurate GST records for audits.

Get Practical GST Course in Delhi by SLA Consultants India

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110001, by SLA Consultants India, New Delhi,

If you want hands-on expertise in GST compliance and return filing, SLA Consultants India offers a Practical GST Training Institute in Delhi in New Delhi (110001).

Course Highlights:

• Live training on GST return filing (GSTR-1, GSTR-3B, etc.).
• Hands-on practice with Tally & Excel.
• Learn GST registration, E-invoicing, and compliance.
• Ideal for accountants, tax professionals, and business owners.

SLA Consultant Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110001, by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

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