Finance & Taxation

GSTR-3B is a monthly return. You can file your return online on the GST Portal. GST liability is calculated after submitting the return. The GSTR-3B is divided into six sections.

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies (sales). This return has a total of 13 sections.

Goods and Services Tax (GST) is an Indirect Tax in India on the supply of goods and services. It is a multistage, destination based tax as it is imposed at every step in the production process. Goods and services are divided into five tax slabs - 0%, 5%, 12%, 18% and 28%.