GSTR 3B is the monthly return prepared by taxpayer and consists of summary level data about the outward supplies, select information on purchases, tax liability, ITC claimed and settlement of taxes. GSTR 1 is the return detailing the outward supplies for the month and GSTR 2 is the return detailing the inward supplies for the month.
GSTR 1 return is to be submitted by 10th of next month and GSTR 3B is expected to be filed by 20th of next month.
Considering filing due dates, the option to derive the 3B values from GSTR 1 and GSTR 2 is released on IRIS Sapphire. Using the GSTR 1 and GSTR 2 data available in IRIS Sapphire, the relevant sections of GSTR 3B will be computed.
This computation can be done for a single GSTIN level or all GSTINs in one go.
Please note – All the section of 3B other than ITC reversal, will get auto computed through IRIS Sapphire.
The auto-computation of 3B is available for the users who are uploading their data for all sections of GSTR 1 and GSTR 2.
We hope this feature will help to ensure consistency between the data submitted in the two returns and also ease your compliance efforts.
Jump to GSTR 3B filing process
Happy Filing !!
