Introducing GST Reports: GSTR-1, GSTR-2, and GSTR-3B Now in Your App

January 9, 2025

We are excited to announce that our app now includes essential GST reports: GSTR-1, GSTR-2, and GSTR-3B.

Understanding GST reporting is crucial for compliance and smooth business operations.

GSTR-1 is your summary of outward supplies.

GSTR-2 covers your inward supplies.

GSTR-3B is a simplified return that summarizes your GST liabilities and input tax credits.

With these reports now available in our app, you can easily track your GST obligations without the hassle.

Why are these reports important?

Staying compliant with GST regulations is vital to avoid penalties, ensure your business runs smoothly, and allows you to claim valuable input tax credits.

For many small business owners, navigating the world of GST can feel overwhelming. However, our app simplifies this process, allowing you to generate and file these reports with just a few clicks.

By using our app, you can:

Easily generate and download GSTR-1, GSTR-2, and GSTR-3B reports with just two clicks of a button
Reduce the risk of errors in your GST filings, ensuring compliance.

Who should file these reports?

GSTR-1 and 3B need to be filed on a monthly basis by every GST registered business or individual, with the following exceptions;

Taxpayers registered under the Composition Scheme
Non-resident suppliers of OIDAR service
Non-resident taxable persons
Input service distributors

What happens if I'm late to file?

If GSTR-1 is filed after the due date, the following late fees apply;

₹50 per day of delay, up to a maximum of ₹10,000 depending on previous annual turnover
₹20 per day of delay if nil turnover, up to a maximum of ₹500

If GSTR-3B is filed after the due date, a late fee applies:

₹50 per day of delay.
₹20 per day of delay for taxpayers with nil tax liability for the month.
Additionally, if GST dues aren’t cleared by the due date, an interest of 18% per annum will be charged on the outstanding tax amount.

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So how do I file?

Simply log into your account on our app, navigate to the reports section on the left hand side, scroll down to the bottom of the reports page and you will find the options to generate GSTR-1, GSTR-2, and GSTR-3B reports.

It’s that easy!

A screenshot of the kernel web app, showing the reports section, and GST reports

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Either download the file, check and confirm and upload to the GST portal, or pass on to your accountant to file on your behalf

Imagine - just two clicks of a button and now all your monthly documents are in order.

What will you do with all that extra time? We'd love to hear!