Updates in GSTR-3B (As per Notification No. 14/2022 – Central Tax)
GSTR-3B is a declaration form that has to be filed every month by a regular dealer on the GSTN portal. If you are a regular dealer, then you have to use form GSTR-3B to declare the summary of your GST liabilities for a certain period. Using TallyPrime, you can easily export your GSTR-3B details and upload it on the portal to file returns. Refer to the File GSTR-3B topic to know more about the filing process.
However, the tax department has introduced the following changes in form GSTR-3B, which have to be considered before filing returns for the month of August.
- The details of Ineligible ITC (as per section 17(5)) will now be reported in section 4B.1 (ITC Reversed), instead of section 4D.1.
- Section 4D will now be known as Other Details, instead of Ineligible ITC.
- The details of ITC reclaimed will now be reported in section 4D.1, instead of section 4A.5.
- A new section 4D.2 has been introduced, where you have to report the transactions where there was a mismatch in the place of supply. Additionally, you also have to report the transactions that were reported by your suppliers after the filing of Annual Return or the September return of the next financial year, whichever is earlier.
Changes in Section 4D.1 (Ineligible for ITC)
In form GSTR-3B, the details of ineligible ITC (as per section 17(5)) will now be reported in section 4B.1 (ITC Reversed), instead of section 4D.1. To comply with this change on the portal or the offline tool, you have to check the details of your transactions in section 4D.1 of report GSTR-3B in TallyPrime, and add them to section 4B.1 (ITC Reversed) in form GSTR-3B on the portal or the offline tool.
- Press Alt+G (Go To) > GSTR-3B, and drill down from section 4 Eligible ITC.
- Press Enter on section 4D (Ineligible ITC).
- Note down the GST details in sub-section (1) As per section 17(5).
- Open form GSTR-3B on the portal or the offline tool, and add the relevant details in section 4B.1 (ITC Reversed).
The relevant details from your books will now be available on the portal or the offline tool for filing GSTR-3B.
Changes in Section 4A.5 (ITC Reclaimed)
In form GSTR-3B, the details of ITC reclaimed will now be additionally reported in section 4D.1, along with section 4A.5 (ITC Available). To comply with this change on the portal or the offline tool, you have to check the details of your journal entry in section 4A.5 of report GSTR-3B in TallyPrime, and add them to section 4D.1 in form GSTR-3B on the portal or the offline tool.
- Press Alt+G (Go To) > GSTR-3B, and drill down from section 4 Eligible ITC. Section 4A will appear along with sub-sections 1 to 5.
- Drill down from sub-section 4 A(5) (All Other ITC), and drill down again to open the relevant journal voucher that was used to reclaim ITC reversal.
- Note down the Amount recorded in the journal voucher.
- Open form GSTR-3B on the portal or the offline tool, and add the relevant details in section 4D.1 (ITC Reclaimed).
The relevant details from your books will now be available on the portal or the offline tool for filing GSTR-3B.
Addition of Section 4D.2
A new section 4D.2 has been introduced in form GSTR-3B on the portal and the offline tool, where you have to report the value of transactions where there was a mismatch in place of supply. Additionally, you also have to report the transactions that were reported by your suppliers after the filing of Annual Return or the September return of the next financial year, whichever is earlier. To comply with this change, you have to download return GSTR-2B from the portal, check the relevant details in the ITC Not Available sheet, and add them to section 4D.2 in form GSTR-3B on the portal or the offline tool.
- Download return GSTR-2B from the portal.
- Open the downloaded file and go to the ITC Not Available sheet.
- Note down the relevant GST details.
- Open form GSTR-3B on the portal or the offline tool, and add the relevant details in section 4D.2.
The details from return GSTR-2B will now be available on the portal or the offline tool for filing GSTR-3B.
