GSTR-1 & 3B (< ₹50L turnover)

GSTR-1 and GSTR-3B are important GST compliance forms for regular taxpayers.

GSTR-1 is used to report details of outward supplies made during the relevant tax period. The information reported in GSTR-1 can also impact the GST records of customers and their input tax credit.

GSTR-3B is a summary return used to declare GST liability input tax credit and tax payable for the relevant tax period and to discharge the applicable GST liability.

For eligible small taxpayers the QRMP Scheme allows quarterly filing of GSTR-1 and GSTR-3B where the prescribed conditions are satisfied. The QRMP scheme is available to eligible taxpayers with aggregate turnover up to ₹5 crore at PAN level.

What is covered in GSTR-1?

GSTR-1 generally captures relevant outward supply information including:

• B2B supplies.
• B2C supplies.
• Credit notes and debit notes.
• Exports and other zero-rated supplies where applicable.
• Amendments to previously reported invoices.
• HSN-wise summary where applicable.
• Other prescribed outward supply information.

The information reported should be reconciled with the taxpayer's sales records and invoices before filing.

What is covered in GSTR-3B?

GSTR-3B generally covers:

• Outward taxable supplies.
• Other outward supplies.
• Reverse charge inward supplies where applicable.
• Input tax credit.
• Tax payable.
• Tax paid through electronic cash ledger and electronic credit ledger.
• Interest and other applicable amounts.

GSTR-3B is a summary return and should be prepared using the underlying accounting records and GST data.

QRMP Scheme

Eligible taxpayers with aggregate turnover up to ₹5 crore can opt for the Quarterly Return Monthly Payment Scheme.

Under QRMP:

• GSTR-1 is filed quarterly.
• GSTR-3B is filed quarterly.
• GST payment is generally made monthly for the first two months through Form GST PMT-06.
• Invoice Furnishing Facility can be used by eligible taxpayers for specified B2B invoices during the first two months of a quarter.

The QRMP scheme is optional for eligible taxpayers and should be selected based on the taxpayer's compliance requirements.

Statutory Due Dates

This service is intended for regular GST registered taxpayers with turnover below ₹50 lakh who are required to file GSTR-1 and GSTR-3B.