GSTR-1 and GSTR-3B

GSTR-3B summarizes sales, purchases, and input tax credit claims, while GSTR-1 outlines outward supplies and sales transactions for a business.


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Foreign Subsidiary

GSTR-3B

GSTR-3B is a required GST return for all registered suppliers. It must be submitted on a monthly basis as a self-declaration.

Foreign Subsidiary

Due date of GSTR-3B

The 20th of the month following the month that the supply corresponds to is the deadline for reporting GSTR-3B forms.

Foreign Subsidiary

Non-filing of GSTR

Subsequent returns cannot be filed if no GST return is filed. 
Foreign Subsidiary

GSTR-1

Every registered dealer is required to file GSTR-1, a monthly or quarterly return.

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APPLICATION PROCESS

Application Process for Filing GST Return
Computation of Tax Liability
Preparation of Return
Submission of Return
Payment of Taxes
Filing of Return

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Foreign Subsidiary

Computation of Tax Liability

The calculation of tax liability involves subtracting the input tax liability from the output tax liability.

Foreign Subsidiary

Preparation of Return

GST returns are prepared using GSTN portal or third-party software, covering inward supplies, tax on outward and reverse charge, inter-state supplies, Eligible ITC, exempt, Nil, and Non-GST, along with interest and late fees.

Foreign Subsidiary

Submission of Return

The GSTR-3B can be submitted after saving and verifying information, with a success message displayed and data frozen for further editing or updating, including the ITC and Liability Ledger.

Foreign Subsidiary

Payment of Taxes

The 'Payment of Tax' tab allows users to pay taxes and offset liabilities, while the 'Check Balance' tab allows users to check available tax credits.

Foreign Subsidiary

Filing of Return

To file GSTR-3B, pay liability, click 'File GSTR-3B with DSC' or 'File GSTR-3B with EVC' button, sign, and the filing is complete, displaying 'Filed' status.

Frequently Asked Questions
Some of the Commonly Asked Questions for You

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