Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110071, by SLA Consultants India, New Delhi,

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide

For GST-registered businesses in India, GSTR-1, GSTR-2, and GSTR-3B are foundational returns that ensure proper tax compliance and smooth Input Tax Credit (ITC) flow. Here’s a detailed guide to these returns, their differences, and their significance.

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110071, by SLA Consultants India, New Delhi,

GSTR-1: Outward Supplies Return

• Purpose: GSTR-1 captures detailed information about all outward supplies (sales) made by a business in a given tax period. It includes invoice-wise details for B2B and B2C transactions, debit/credit notes, and any amendments to previous supplies.

• Filing Frequency: Monthly for businesses with turnover above ₹1.5 crore; quarterly for those below this threshold.

• Key Points:

  • Focuses solely on outward supplies and revenue generation.

  • Forms the basis for the recipient's ITC claim, as details auto-populate into their GSTR-2A/2B.

  • Accurate and timely filing is critical to avoid ITC disputes and penalties.

GSTR-2: Inward Supplies Return (Currently Suspended)

• Purpose: GSTR-2 was designed to report all inward supplies (purchases) received by a business, including details of ITC available.

• Status: The filing of GSTR-2 has been suspended since 2017 due to technical and practical challenges. Instead, businesses now rely on auto-drafted statements like GSTR-2A and GSTR-2B for ITC reconciliation.

• Key Points:

  • GSTR-2A is a dynamic, auto-populated statement reflecting suppliers’ GSTR-1 filings.

  • GSTR-2B is a static monthly statement, generated on the 14th of each month, showing eligible and ineligible ITC for that period.

GSTR-3B: Summary Return

• Purpose: GSTR-3B is a monthly (or quarterly under QRMP) self-declaration summary return. It reports total outward supplies, inward supplies, ITC claimed, and tax liability for the period.

• Filing Frequency: Mandatory for all regular taxpayers, regardless of turnover, on a monthly or quarterly basis.

• Key Points:

  • Provides a consolidated summary of sales, purchases, ITC claims, and tax payments.

  • Tax payment is mandatory before filing GSTR-3B.GST Institute in Delhi

  • No invoice-level detail is required—only summary figures.

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110071, by SLA Consultants India, New Delhi,

Key Differences: GSTR-1 vs. GSTR-3B

Recent Updates (April 2025 Onwards)

• Table-12 of GSTR-1: Restructured for better HSN-wise reporting, reducing errors and improving compliance.

• Table 3.2 of GSTR-3B: Revised for more accurate inter-state supply reporting, with auto-populated values to minimize mistakes.

Get Practical GST Course in Delhi, 110071, by SLA Consultants India

SLA Consultants India offers a leading GST practical training program in Delhi, including the 110071 area, tailored for professionals and graduates aiming for expertise in GST compliance and return filing9.

Course Highlights:

• Comprehensive coverage of GSTR-1, GSTR-3B, GSTR-2A/2B, ITC reconciliation, and the latest GST updates.

• Real-time assignments, GST software training, and live case studies.

• Expert faculty with years of industry experience.

• Flexible classroom and online batches.

• 100% job placement support for career advancement.

Summary:
GSTR-1, GSTR-2 (via 2A/2B), and GSTR-3B are central to GST compliance. GSTR-1 details sales, GSTR-3B summarizes liabilities and ITC, and GSTR-2A/2B help reconcile ITC. SLA Consultants India’s GST course in Delhi provides practical mastery of these returns, ensuring robust compliance and career growth9.

SLA Consultants Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110071, by SLA Consultants India, New Delhi, details with New Year Offer 2025 are available at the link below:

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