Difference Between GSTR-1, GSTR-2, and GSTR-3B

GSTR-1, GSTR-2, and GSTR-3B are key GST returns in India, each serving a distinct compliance function:

GSTR-1

• Purpose: Captures details of all outward supplies (sales) made by a business.

• Frequency: Filed monthly or quarterly, depending on turnover and scheme eligibility.

• Details Required: Includes invoice-wise data such as GSTIN of buyers, invoice number, date, taxable value, and GST paid (CGST, SGST/UTGST, IGST).

• Due Date: Generally the 11th of the following month.

• Role: Enables the government to verify tax credits and match sales and purchases across the supply chain.

GSTR-2

• Purpose: Intended to capture inward supplies (purchases) and claim input tax credit (ITC).

• Status: Currently suspended; not required to be filed as the government has put GSTR-2 on hold.

• Role: Was designed to allow taxpayers to verify and confirm purchases reported by suppliers, ensuring accurate ITC claims.

GSTR-3B

• Purpose: A summary return that consolidates sales, ITC claimed, and the net tax payable for a tax period.

• Frequency: Filed monthly or quarterly (for small taxpayers under QRMP scheme).

• Details Required: Summarized data on outward supplies, ITC availed, tax payable, and tax paid. Also includes reporting of reverse charge liabilities and any interest or late fees.

• Due Date: Typically the 20th of the following month; for smaller taxpayers, the 22nd or 24th depending on state.

• Role: Ensures timely tax payment and compliance while the detailed return filing system is being streamlined. GSTR-3B must be filed before GSTR-1 for the same period.

Practical GST Course in Delhi by SLA Consultants India

SLA Consultants India, based in New Delhi (postal code 110032), offers a hands-on Practical GST Certification Course in Delhi designed for professionals seeking in-depth understanding and real-world skills in GST compliance.

Key Features of the Course:

• Comprehensive Coverage: Training on GSTR-1, GSTR-2, and GSTR-3B, including practical aspects of filing and compliance.

• Live Demonstrations: Real-time demonstrations of GST return filing on the GST portal.

• Industry Insights: Experienced trainers provide current best practices and updates in GST law.

• Career Focused: Ideal for accountants, tax professionals, business owners, and finance students aiming to enhance their GST skills.

• Additional Modules: The course also covers balance sheet finalization, customs, and import/export procedures, taught by Chartered Accountants.

Why Choose SLA Consultants India?

• Practical exposure to GST compliance and troubleshooting.

• Up-to-date curriculum reflecting the latest GST amendments.

• Suitable for both beginners and experienced professionals looking to upgrade their skills.

Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110002, by SLA Consultants India, New Delhi

Conclusion

Understanding the differences between GSTR-1, GSTR-2, and GSTR-3B is crucial for GST compliance in India. GSTR-1 focuses on sales, GSTR-2 (currently suspended) was for purchases, and GSTR-3B is a summary return for tax payment. SLA Consultants India in New Delhi offers a practical GST course that equips participants with the skills and knowledge to navigate these returns confidently and compliantly.