November 25, 2019
The Monthly GSTR-3B Report gives a user the data of all GSTR-3B returns of any particular GSTIN. A user can get real-time status updates of GSTR-3B returns which have been filed, and which are still pending to be filed.
Generating GSTR – 3B report using Tally;
Step 1: Go to Gateway of Tally
Step 2: Click on Display
Step 3: Click on Statutory Reports
Step 4: Click on GST
Step 5: Select GSTR-3B
Step 6: The report is in the same format as GSTR-3B in the GST Portal.
Step 7: Take a print out of the report
Step 8: Go to GST Portal and fill in all the details manually.
Step 9: Submit your return, pay taxes (if any) and file your GSTR-3B.
Printing the report:
Step 1: Press Ctrl + P to print the GSTR-3B report.
Step 2: In the Print Report screen, press Enter. The report is created in the word format.
Step 3: Press Ctrl+S to save the word file.
Importance of the Monthly GSTR-3B Report:
- The Monthly GSTR-3B Report helps a user stay up-to-date with the real-time status of all GSTR-3B returns for any particular GSTIN.
- A user can check this data across multiple GSTINs, and across multiple branches.
- A user can get separate comparable data of all past returns filed, which can be stored and shared with stakeholders and clients.
- The report can help avoid notices by the tax department.
Advantages of the Monthly GSTR-3B Report:
- A user dealing with multiple GSTIN scan easily get the real-time status of all GSTR-3Bs in one place.
- A taxpayer can download data from the GSTN at the click of a button
- Help taxpayers get summary data for easy comparison with books of accounts and GST annual return.
- Can be downloaded in the excel format for sharing within an organization. In the case of CA firms, the report can be easily shared with clients.