What is Gstr 3b?
When the Government of India implemented and introduced GST on 1st July 2017, the Indian tax regime witnessed a drastic change. Many of the companies that were using manual accounting processes, found it extremely difficult to keep up with the new system after the GST implementation. The government of India introduced gstr3b to give these companies a bit of relief.
When to File Gstr 3b?
Gstr 3b is a tax return form that needs to be filled by taxpayers up to March 2021. It is also to be noted that gstr 3b form needs to be filled each month and the last date of submission is the 20th of the following month.
Features of Gstr 3b
There are certain features of the gstr 3b form. Some of them are mentioned below:
- The liability of GST is evaluated after the submission of the form.
- You can see