Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110091, by SLA Consultants India, New Delhi, PROFESSIONAL

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide

The Goods and Services Tax (GST) system in India requires businesses to file various returns to report their sales, purchases, and tax liabilities. Among these, GSTR-1, GSTR-2, and GSTR-3B are the most significant. Here’s a complete guide to understanding these forms.

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110091, by SLA Consultants India, New Delhi,

1. GSTR-1: Outward Supplies Return

GSTR-1 is a monthly or quarterly return that contains details of all outward supplies (sales) made by a taxpayer. It includes information about: GST Course in Delhi

• Business-to-business (B2B) and business-to-consumer (B2C) sales
• Export transactions
• Debit and credit notes
• Advances received and adjusted
  Filing Deadline:
• Monthly: By the 11th of the following month (for businesses with turnover above ₹5 crore)
• Quarterly: By the 13th of the month following the quarter (for businesses under the QRMP scheme)

2. GSTR-2: Inward Supplies Return (Suspended)

GSTR-2 was meant to capture purchase transactions for taxpayers, allowing them to verify input tax credits (ITC). However, this form has been suspended since the introduction of the simplified return system. Instead, ITC is now auto-populated in GSTR-2B, which taxpayers can use to file GSTR-3B.

3. GSTR-3B: Summary Return & Tax Payment

GSTR-3B is a monthly return that summarizes total sales, purchases, input tax credit, and GST liability. It is crucial for tax payment and compliance.
Key Features:

• Self-declared return with total taxable value and ITC
• No invoice-level details required
• Tax must be paid before filing
  Filing Deadline:
• 20th of the following month (for businesses with turnover above ₹5 crore)
• Staggered dates for smaller businesses under the QRMP scheme

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110091, by SLA Consultants India, New Delhi,

Get Practical GST Training in Delhi

For professionals looking to master GST filing and compliance, SLA Consultants India offers a practical GST Certification Course in Delhi (110091), New Delhi. This course covers:
Hands-on training on GSTR-1, GSTR-3B, and ITC reconciliation
Practical exposure to GST software (Tally, Excel, and government portals)
Expert-led sessions with real-time case studies
Certification with job assistance

Whether you are an aspiring accountant, tax professional, or business owner, this course will help you understand GST laws, file returns correctly, and ensure compliance.

Enroll today at SLA Consultants India and become a GST expert!