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

Understanding GSTR-1, GSTR-2, and GSTR-3B is fundamental for effective GST compliance in India. GSTR-1 is a detailed return that businesses file to report all outward supplies (sales) for a specific tax period. It captures invoice-wise details of every sale, including B2B, B2C, exports, and any credit or debit notes issued. The frequency of filing GSTR-1 depends on turnover: monthly for businesses exceeding ₹1.5 crore and quarterly for those below this threshold. Accurate GSTR-1 filing ensures your buyers can claim Input Tax Credit (ITC), as their GSTR-2B is generated based on your GSTR-1 submissions.

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

GSTR-2 was originally designed as a return for reporting inward supplies (purchases), allowing buyers to match their purchases with the sales declared by suppliers in GSTR-1. However, due to technical and practical challenges, GSTR-2 filing has been suspended since 2017 and is not currently in use. Instead, taxpayers now rely on GSTR-2B, a static monthly ITC statement auto-generated from suppliers’ GSTR-1 filings, to reconcile and claim ITC accurately. GST Institute in Delhi

GSTR-3B is a monthly or quarterly self-declaration summary return that every registered taxpayer must file, regardless of whether they have made any outward supplies during the tax period. It summarizes total sales, purchases, ITC claimed, and tax liability for the period. GSTR-3B requires payment of tax before filing and is due on the 20th of the following month for most taxpayers, with quarterly options available under the QRMP scheme for small businesses. From April 2025, certain values in GSTR-3B, such as inter-state supplies, are auto-populated from GSTR-1 and are non-editable, making accurate GSTR-1 filing even more critical.

The key differences between these returns lie in their purpose and level of detail. GSTR-1 is transaction-level and focuses on outward supplies, while GSTR-3B is a summary return that combines sales, purchases, and tax liabilities into a single, concise declaration. GSTR-2 (now replaced by GSTR-2B for ITC purposes) was meant for inward supplies and ITC matching. Reconciliation between GSTR-1, GSTR-2B, and GSTR-3B is essential to avoid mismatches, interest, and penalties, as any inconsistency can trigger GST notices or block ITC claims.

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

For professionals and businesses in Delhi, mastering these returns is crucial for compliance, cash flow management, and audit readiness. SLA Consultants India in Delhi (serving 110091) offers a practical GST course covering GSTR-1, GSTR-2B, GSTR-3B, reconciliation techniques, and the latest GST updates. The course includes hands-on assignments, GST software training, and expert-led sessions, with flexible batches and 100% job placement support.

In summary, GSTR-1, GSTR-2 (now GSTR-2B), and GSTR-3B each play a distinct role in GST compliance: GSTR-1 for outward supplies, GSTR-2B for ITC reconciliation, and GSTR-3B for tax payment and summary reporting. Accurate and timely filing, along with regular reconciliation, is essential for smooth GST operations and uninterrupted ITC flow.