Difference Between GSTR-1, GSTR-2, and GSTR-3B, GST Course in Delhi

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

Under the Indian Goods and Services Tax (GST) regime, GSTR-1, GSTR-2, and GSTR-3B are key returns that businesses must understand for compliance and efficient tax management. Here’s a breakdown of each and their differences:

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

GSTR-1

• What it is: A detailed return reporting all outward supplies (sales) for a specific tax period, including invoice-level data and modifications to previous returns.

• Who files: All registered taxpayers making outward supplies, except those under the Composition Scheme.

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

• Purpose: Ensures accurate reporting of sales and proper flow of tax credits to buyers.

GSTR-2

• What it is: Was designed to capture details of inward supplies (purchases) and allow taxpayers to claim ITC.

• Current status: Filing is currently suspended; the government does not require GSTR-2 to be filed as of now.

GSTR-3B

• What it is: A self-declared summary return of total sales, purchases, ITC claimed, and net tax liability for the month.

• Who files: All regular taxpayers, regardless of sales activity in the period.

• Due date: Typically the 20th of the following month.

• Purpose: Used for paying monthly GST liabilities and claiming input tax credit; does not require invoice-level details.

Key Differences

• Level of Detail: GSTR-1 is detailed and invoice-wise; GSTR-3B is a summary without invoice-level data.

• Purpose: GSTR-1 is for outward supplies; GSTR-3B is for tax payment and ITC claim; GSTR-2 (if active) would be for inward supplies.

• Filing Frequency: GSTR-1 can be monthly or quarterly; GSTR-3B is always monthly.

• Tax Payment: No payment is made with GSTR-1; payment is mandatory with GSTR-3B.

• Current Use: GSTR-1 and GSTR-3B are active; GSTR-2 is suspended.

Practical GST Course in Delhi by SLA Consultants India

For those seeking hands-on expertise in GST compliance, SLA Consultants India in New Delhi offers a Practical GST Training Course in Delhi. While their main campus is in the 110032 postal area, it is easily accessible from 110002 and other central Delhi locations.

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

Course Highlights:

• Comprehensive coverage of GSTR-1, GSTR-2, GSTR-3B, and annual returns.

• Hands-on training with real-time GST portal filing, ITC reconciliation, and troubleshooting.

• Case studies and industry insights to prepare for real-world GST scenarios.

• Live demonstrations of filing returns and compliance processes.

• Suitable for: Accountants, finance professionals, business owners, and tax consultants aiming to enhance their GST skills and career prospects.

This practical course ensures participants are well-versed in GST filing, compliance, and the latest regulatory updates—making it an ideal choice for anyone looking to master GST in Delhi.