GSTR-3B once filed, cannot be revised. However, the Central Board of Indirect Tax and Customs has enabled the ‘RESET’ option for GSTR-3B. This option will be activated once GSTR-3B is submitted. That means, the taxpayers have an option to reset their GSTR-3B after they have submitted it but before it is filed.
Note: GSTR-3B is a summary return. The details of total outward supplies (sales) and total inward supplies (purchases) made during a month are to be disclosed in this return. As mentioned above, this return once filed cannot be revised.
- This feature can be utilised when the GSTR-3B is submitted but not filed.
- Once the ‘Reset GSTR-3B’ option is selected, the status of the return will change to ‘Yet to be Filed’ from ‘Submitted’.
- When this option is selected, all the entries posted in the electronic liability register are deleted. Furthermore, ITC reflecting in the electronic credit ledger will be reversed.
- The option to rest GSTR-3B can be exercised only once,
Step 1: Log in to the GST portal.
Step 2: Under ‘Services’ select ‘Returns’ and then ‘Returns Dashboard’.
Step 3: Select the ‘Financial Year’ and ‘Return Filing Period’.
Step 4: Click on ‘PREPARE ONLINE’ under ‘Monthly Return GSTR-3B’.
Step 5: If the status of the GSTR-3B is ‘Submitted’, the option to ‘RESET’ will be activated.
Step 6: Reset GSTR-3B. Once the reset is successful, a ‘Success Message’ will appear on the screen and the status of the GSTR-3B will change to ‘Yet to be filed’.
Step 7: Make the required changes in GSTR-3B and submit it again.