Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110072, by SLA Consultants India, New Delhi,
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Difference Between GSTR-1, GSTR-2, and GSTR-3B
Understanding the distinctions between GSTR-1, GSTR-2, and GSTR-3B is crucial for GST compliance. Here’s a comprehensive comparison, tailored for learners and professionals considering practical GST training with SLA Consultants India in Delhi, 1100729.
GSTR-1: Outward Supplies Return
Purpose: Reports all outward supplies (sales) made by a business in a tax period.
Details: Contains invoice-wise information on B2B and B2C sales, debit/credit notes, and amendments.
Filing Frequency: Monthly for businesses with turnover above ₹1.5 crore; quarterly for others.
Function: Forms the basis for recipients’ ITC claims, as these details auto-populate into their GSTR-2A/2B.
Tax Payment: No tax payment is required at the time of filing GSTR-1.
Penalties: ₹200 per day for late filing (₹100 each for CGST & SGST).
GSTR-2: Inward Supplies Return (Currently Suspended)
Purpose: Was intended to capture all inward supplies (purchases) received by a business, including eligible ITC.
Status: Filing of GSTR-2 has been suspended since 2017 due to technical challenges.
Alternative: Businesses now rely on GSTR-2A (dynamic, auto-updated) and GSTR-2B (static, monthly) statements for ITC reconciliation.
Function: Would have allowed buyers to confirm, modify, or reject invoices uploaded by suppliers in GSTR-1.
Tax Payment: Not applicable as the form is not in use.
GSTR-3B: Summary Return
Purpose: A self-declared summary return that consolidates outward supplies (sales), inward supplies (purchases), ITC claimed, and tax liability for the period.
Details: Contains summarized figures—no invoice-level data required.
Filing Frequency: Monthly for most taxpayers; quarterly option under QRMP scheme.
Function: Used to declare and pay GST liability, claim ITC, and report reverse charge transactions. GST Certification Course in Delhi
Tax Payment: Mandatory before filing GSTR-3B.
Penalties: ₹50 per day for late filing (₹25 each for CGST & SGST); ₹20 per day for nil returns.
Key Differences Table
| Aspect | GSTR-1 | GSTR-2 (Suspended) | GSTR-3B |
|---|---|---|---|
| Content | Detailed outward supplies (sales) | Detailed inward supplies (purchases) | Summary of sales, purchases, ITC, and tax payment |
| Filing Frequency | Monthly/Quarterly | (Suspended) | Monthly/Quarterly |
| Invoice Details | Invoice-wise | Invoice-wise | No invoice-level data |
| Tax Payment | Not required at filing | Not applicable | Mandatory before filing |
| ITC Claim | Not claimed here | Would have been claimed | ITC claimed based on eligible purchases |
| Penalties | ₹200/day (₹100 CGST + ₹100 SGST) | N/A | ₹50/day (₹25 CGST + ₹25 SGST); ₹20/day for nil |
| Status | Active | Suspended | Active |
Why Reconciliation Matters
Reconciling GSTR-1 and GSTR-3B is vital to ensure:
No invoices are omitted or duplicated.
Correct tax payment and ITC claims.
Avoidance of GSTIN suspension or demand notices due to mismatches.
Get Practical GST Course in Delhi, 110072, by SLA Consultants India
SLA Consultants India offers a practical, industry-oriented GST training program in Delhi, including the 110072 area9. The GST Certification Course in Delhi covers:
GSTR-1, GSTR-3B, and GSTR-2A/2B filing and reconciliation
Real-world assignments and GST software training
Expert-led sessions by experienced Chartered Accountants
Flexible classroom and online batches
100% job placement support
Summary:
GSTR-1 reports sales, GSTR-3B summarizes sales, purchases, and tax payments, while GSTR-2 (now replaced by 2A/2B) was meant for purchase details and ITC. Mastering these returns is essential for GST compliance and is a core part of SLA Consultants India’s practical GST course in Delhi.
SLA Consultants Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110072, by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:
https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx
https://slaconsultantsdelhi.in/gst-course-training-institute/
E-Accounts, E-Taxation and (Goods and Services Tax) GST Training Courses
Module 1 - GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)
Module 2 - Income Tax/TDS - By Chartered Accountant (Direct Tax)
Module 4 - Banking and Finance Instruments - By Chartered Accountant
Module 5 - Customs / Import and Export Procedures - By Chartered Accountant
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SLA Consultants India
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E-Mail: hr@slaconsultantsindia.com
Website: https://www.slaconsultantsindia.com/
