- Prepare, Review and Submit GSTR-3B
GSTR-3B is monthly return with a summary of sales and purchases made during the return period.
- Prepare – Enter the data of sales, output GST, purchases and input GST
- Review – Review the calculations of Output GST against Input GST
- Submit – Submit the data on the GST Portal
- E-Credit Ledger updated
Once the return is submitted, the amount of input tax credit from the purchases of the current month gets populated in the E-Credit Ledger
Read more - How to Claim Input Tax Credit?