GST
GSTR-3B
Monthly summary return where GST liability is declared and payment made.
Full Definition
GSTR-3B is a monthly self-assessed summary return filed by all GST-registered persons. It summarises: total outward taxable supplies, total ITC claimed, net tax liability, and tax payment. Filed by the 20th of the following month (varies for some states/turnover slabs). GSTR-3B must be reconciled with GSTR-1 (outward supplies) and GSTR-2B (eligible ITC). GST is paid while filing GSTR-3B — no separate payment mechanism.
Related terms
More GST terms
GSTIN (Goods and Services Tax Identification Number)
Unique 15-digit registration number assigned to every GST-registered business.
GSTR-1
Monthly/quarterly return for outward supplies (sales) filed by GST-registered businesses.
GSTR-9 (GST Annual Return)
Annual reconciliation return filed by regular GST taxpayers, summarising the full year's GST transactions.
ITC (Input Tax Credit)
Credit available to GST-registered businesses for GST paid on business purchases, which reduces their GST payable.
GSTR-2B
Auto-generated monthly statement showing ITC available from suppliers' GSTR-1 filings.