Monthly GST Returns (GSTR-1 & GSTR-3B)
Accurate monthly return filing and Input Tax Credit (ITC) reconciliation for regular GST taxpayers by B. Mallesh & Co., Chartered Accountants. Matching GSTR-2B purchase logs, GSTR-1 sales uploads, and GSTR-3B tax liability settlement.
1. Statutory Filing Framework (Section 37 & 39)
GSTR-1 Outward Supply Return (Sec 37)
Mandatory monthly upload of B2B sales invoices, HSN summary, and credit notes by the 11th of every month (or 13th under QRMP IFF).
GSTR-3B Monthly Summary & Tax Payment (Sec 39)
Summary tax return filed by the 20th of every month. Offsets Output GST liability against eligible GSTR-2B Input Tax Credit (ITC) and net cash tax payment via PMT-06.
Section 47 Late Fee & Section 50 Interest Penalties
- • Late Fee u/s 47: ₹50 per day (₹20 per day for Nil return) up to maximum limits.
- • Interest u/s 50: 18% per annum mandatory interest on delayed net cash tax payments.
3. Mandatory Data Checklist
Required Registers for Monthly Returns
- Sales Register / Invoices (B2B & B2C breakdown with HSN)
- Purchase Register / Invoices (For GSTR-2B matching)
- Credit & Debit Notes Register
- GST Portal Login Credentials
4. Step-by-Step Return Filing Process
Step 1: GSTR-2B Auto-Drafted ITC Reconciliation
Reconciling purchase register against portal GSTR-2B to claim 100% legitimate Input Tax Credit u/s 16(2)(aa).
Step 2: GSTR-1 Upload & GSTR-3B Tax Offset Filing
Uploading GSTR-1, generating PMT-06 cash challan for balance tax, and filing GSTR-3B before the due date.
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Mancherial Office Contact
B. Mallesh & Co., Co. Laxmi Theater, Indra Nagar, Mancherial, Telangana - 504208