Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110072, by SLA Consultants India, New Delhi

slatraining Mar 24, 2025 11:08 6 0

Difference Between GSTR-1, GSTR-2, and GSTR-3B – Practical GST Course in Delhi by SLA Consultants India

The Goods and Services Tax (GST) system in India mandates the filing of several returns for businesses to maintain transparency and ensure proper tax compliance. Among the key returns are GSTR-1, GSTR-2, and GSTR-3B. These returns serve distinct purposes in the GST framework and are essential for businesses to comply with the law. Below, we will explore the differences between these forms and provide insights into a practical GST course offered by SLA Consultants India in Delhi, 110072.

Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110072, by SLA Consultants India, New Delhi

1. GSTR-1: Details of Outward Supplies

Purpose: GSTR-1 is used by taxpayers to report the details of their outward supplies or sales. It includes details of all sales transactions made in a given month or quarter.

Filing Requirement:

GSTR-1 must be filed monthly or quarterly, depending on the taxpayer's turnover.
It includes details such as the invoice number, date, GSTIN of the buyer, supply type, taxable value, GST rate, and the amount of GST charged on the sale.

Key Features:

Outward Supplies: It provides information about all taxable supplies made by the business to other registered businesses or customers.
Sales Invoice Details: It includes GST details for each sale made by the business during the month/quarter.
Input Tax Credit (ITC): GSTR-1 also helps in reconciling the input tax credit that the purchaser claims in their returns (GSTR-2A).

2. GSTR-2: Details of Inward Supplies

Purpose: GSTR-2 was originally designed to report the details of inward supplies, i.e., purchases made by the taxpayer. However, the filing of GSTR-2 has been suspended as of now, and the details are automatically populated from GSTR-1 filed by the supplier, which is available in the form of GSTR-2A.

Filing Requirement:

Though it was initially a mandatory return for businesses, the government has currently suspended its filing.
Businesses can access the GSTR-2A form, which reflects all the purchases made, enabling taxpayers to reconcile their eligible input tax credit (ITC).

Key Features:

Inward Supplies: GSTR-2 covered details of purchases made by the taxpayer during the period.
ITC Reconciliation: It allowed the buyer to claim eligible ITC by matching the details of inward supplies with the GSTR-1 data of the supplier.

3. GSTR-3B: Monthly Summary Return

Purpose: GSTR-3B is a simplified self-assessment return that businesses must file monthly, summarizing their GST liabilities. It is used to declare and pay the tax payable on the outward supplies, and claim the eligible input tax credit (ITC) for the month.

Filing Requirement:

GSTR-3B must be filed monthly, regardless of the turnover.
It includes a summary of outward supplies, input tax credit, tax payable, and net tax liability (after adjusting for ITC).

Key Features:

Self-Assessment: The taxpayer calculates the GST payable based on the outward supplies and adjusts the ITC.
No Invoice-Level Details: Unlike GSTR-1, GSTR-3B does not require detailed invoice-level data. It is a summary return with consolidated data on sales, purchases, and taxes.
Payment of GST: The form is also used to make the payment of GST to the government.

Practical GST Course in Delhi by SLA Consultants India

SLA Consultants India offers a Practical GST Course in Delhi (110072) that helps individuals, accountants, and business owners gain hands-on experience in GST filing and compliance. The course covers various GST returns, including GSTR-1, GSTR-2, and GSTR-3B, and ensures participants understand the practical aspects of GST compliance.

Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110072, by SLA Consultants India, New Delhi

Course Highlights:

Comprehensive Training: Practical exposure to GSTR-1, GSTR-2A, and GSTR-3B filings.
GST Return Filing: Step-by-step guidance on filing GST returns for businesses.
GST Software Training: Learn to use popular GST software tools for return filing.
Updates on GST Amendments: Stay updated with the latest changes and amendments in GST law.

By enrolling in this course, individuals can gain the necessary skills to manage GST compliance and ensure that businesses file their returns accurately and on time.

SLA Consultants Difference Between GSTR-1, GSTR-2, and GSTR-3B, Get Practical GST Course in Delhi, 110072, by SLA Consultants India, New Delhi Details with "New Year Offer 2025" are available at the link below:

https://www.slaconsultantsindia.com/certification-course-gst-training-institute.aspx

https://slaconsultantsdelhi.in/gst-course-training-institute/

GST Training Courses

Module 1 - GST- Goods and Services Tax- By Chartered Accountant- (Indirect Tax)

Module 2 - Income Tax/TDS - By Chartered Accountant (Direct Tax)

Module 3 - Finalization of Balance sheet/ preparation of Financial Statement- By Chartered Accountant

Module 4 - Banking and Finance Instruments - By Chartered Accountant

Module 5 - Customs / Import and Export Procedures - By Chartered Accountant

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