Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide, Get Practical GST Course in Delhi, 110001, by SLA Consultants India, New Delhi

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

GSTR-1, GSTR-2, and GSTR-3B are crucial GST returns that every registered business in India must understand for effective tax compliance.

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide,  Get Practical GST Course in Delhi, 110001, by SLA Consultants India, New Delhi

GSTR-1: Outward Supplies Return

• Purpose: GSTR-1 is a monthly or quarterly return that details all sales (outward supplies) made by a business.

• Who Files: All regular registered taxpayers, except those under the Composition Scheme.

• Filing Frequency:

  • Monthly for businesses with turnover above 1.5 crore.

  • Quarterly for those below this threshold.

• Due Date: 11th of the next month (for monthly filers).

• Details Included: Invoice-wise details of outward supplies, debit/credit notes, and any amendments to previous returns.

GSTR-2: Inward Supplies Return (Currently Suspended)

• Purpose: GSTR-2 was designed to capture all purchases (inward supplies) made by the taxpayer.

• Status: The filing of GSTR-2 has been suspended by the government and is not currently required.

• Details Included: Would have included invoice-wise details of inward supplies, input tax credit (ITC) claimed, and amendments.

GSTR-3B: Monthly Summary Return

• Purpose: GSTR-3B is a self-declared summary return, providing a consolidated overview of sales, input tax credit claimed, and net tax payable.

• Who Files: All regular taxpayers.

• Filing Frequency:

  • Monthly for most taxpayers.

  • Quarterly under the QRMP (Quarterly Return Monthly Payment) scheme for eligible businesses.

• Due Date: 20th of the following month (monthly filers); 22nd or 24th for quarterly filers, depending on the state.

• Details Included: Summary figures of outward supplies, ITC, and tax payment. No invoice-level details required, making it simpler and faster to file.

Understanding GSTR-1, GSTR-2, and GSTR-3B: A Complete Guide,  Get Practical GST Course in Delhi, 110001, by SLA Consultants India, New Delhi

Why Practical GST Training Matters

With frequent changes and complexities in GST compliance, practical training is essential. SLA Consultants India in New Delhi (110001) offers a comprehensive GST Course in Delhi that covers:

• Hands-on filing of GSTR-1, GSTR-3B, and other GST returns

• Live projects and case studies

• Industry-oriented curriculum designed by Chartered Accountants

• Placement assistance and certification

• Flexible learning modes: classroom and online options

• Practical exposure to Tally ERP 9, SAP FICO, and GST e-filing platforms

This course is ideal for accounting professionals, business owners, and students aiming to master GST compliance and boost their career prospects in finance and taxation.

Enrolling in SLA Consultants India’s practical GST course ensures you not only understand the theory behind GSTR-1, GSTR-2, and GSTR-3B but also gain the skills to file returns accurately and confidently in real business scenarios.