GSTR 3B Advisory: Confirm Tax Liability Breakup Before Filing GSTR-3B
CBIC has issued GSTR 3B Advisory related to Confirm Tax Liability Breakup Before Filing GSTR-3B. If you are paying GST for an old period (previous month/year) in the current GSTR-3B, then Interest is applicable (Section 50).Govt wants to track such delayed payments separately.
What is this new “Tax Liability Breakup” tab?
It is a new section in GSTR-3B where you need to show Tax of current period & Tax of previous periods (paid now).GST portal now auto-fills this breakup Based on your GSTR-1 / IFF document dates. Even if You reported old invoices now It will automatically reflect as previous period liability.
What you need to do (Important)
Before filing GSTR-3B: Go to “Tax Liability Breakup” tab & Click SAVE (even if no change required), otherwise you can not file GSTR-3B.This confirmation is being asked in all cases Even when no past liability exists. GSTN has acknowledged this issue and will fix it. Hence for now Open the tab –> Click Save –> then proceed to file GSTR-3B. This is a compliance click requirement for now — even if not applicable, just SAVE and proceed.
Tax Liability Breakup in GSTR-3B
https://www.gst.gov.in/newsandupdates/read/653
