GSTR-3B
The monthly summary GST return on which a taxpayer declares its tax liability and claims input tax credit.
Related terms
- GSTR-2B
An auto-generated statement showing the input tax credit available to a taxpayer based on what its suppliers have reported, used as the reference point for ITC reconciliation.
- GSTR-1
The monthly or quarterly GST return on which a registered taxpayer reports its outward supplies (sales).
- Input Tax Credit (ITC)
The GST paid on purchases that a registered business can set off against the GST it owes on its own sales.
- GSTR-9
The annual GST return consolidating the information furnished in the monthly or quarterly returns filed during the financial year.
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