Read this guide by earlyGST to understand what form GSTR 3 is and why do you need to file it on GST common portal.

All you need to know about Form GSTR-3

Last Update Date : January 08, 2018

Here is a quick list of documents needed for tax filing, which should be handy, particularly while filing your return online. However, it varies from individual to individual depending on their income and their tax slabs.

What is Form GSTR-3?

GSTR-3 is a return to be filed on monthly basis (compounding and ISD taxpayers are exceptions). GSTR-3 is more like a pooled version of GSTR-1 and GSTR-2. The form captures the information of outward and inward supply information at aggregate level which will be auto populated through GSTR-1, GSTR-1A and GSTR-2. It will comprise of the entire turnover related details, including, local sales turnover, export sales turnover, exempted local sales turnover, turnover except GST and taxable turnover. A taxpayer just has to validate this prefilled information and make modifications if required.

Who can file Form GSTR-3?

It is mandatory to file a GSTR-3 monthly return for each and every person registered under GST (except compounding and ISD taxpayers).

When to file Form GSTR-3?

Every registered taxpayer is required to file monthly return on or before 20th of next month.

What Details are Included in the Form GSTR-3?

GSTR-3 return will include the following details: 

  • Information about ITC ledger, cash ledger, and liability ledger
  • Details of payment of tax under various tax heads of CGST, SGST, IGST
  • An option to claim refund of excess payment for a taxpayer

The following details are also included in GSTR-3 in tabular formats:

  • Received TDS credit
  • TDS credited to the cash ledger of the deductee
  • Interest liabilities
  • Penalty fees (if any)
  • Others

Proforma of GSTR-3

You can view and download the form here.

Headings that appear under GSTR-3 and their significance

# Headings Details to be furnished
1. GSTIN (Goods and Services Taxpayer Identification Number ) 15 digit state-wise PAN number
2. Legal Name of the Taxpayer and trade name if any Will be auto-populated when a taxpayer will login to the common GST portal
3.
4. Tax Period Period / month or year of tax to which the Return pertains (for which GSTR-1 is being filed); to be selected from drop-down menu
5. Details of turnover All types of supplies by bifurcating in:

  • Taxable [other than zero rated]
  • Zero rated supply on payment of Tax
  • Zero rated supply without payment of Tax
  • Deemed exports
  • Exempted
  • Nil Rated
  • Non-GST supply
6. Outward supplies (will get auto-populated from GSTR-1) Sub-headings appear as follows:

  • Inter-State Supplies to Registered Taxable Person
  • Inter-State Supplies to Consumers
  • Intra-State Supplies to Registered Taxable Person
  • Intra-State Supplies to Consumers
  • Exports (including deemed exports)
  • Revision of Supply Invoices / Credit Notes / Debit Notes Total Tax Liability on Outward Supplies
7. Inward supplies (will get auto-populated from GSTR-2) Sub-headings will appear as follows:

  • Inter-State Supplies Received
  • Intra-State Supplies Received
  • Revision of Purchase Invoices / Credit Notes / Debit Notes
  • Imports
  • Total Tax Liability on Inward Supplies on Reverse Charge
  • ITC reversal
8. Total monthly Tax Liability On declaration of the entire inward and outward supplies, GSTN portal makes auto-calculation of the monthly tax liability for both dealing in goods and provision of services. Furthermore, a separate value for SGST, GIST and CGST is shown.
9. Receipt of TDS credit during the month Any tax credit related to TDS will be auto populated from GSTR-2.
10. Receipt of TCS credit during the month This is only for merchants registered as ecommerce operators. Any amount of TCS collected by the E-commerce operator will be accessible here from the GSTR-2 filed for the same period.
11. Receipt of ITC during the month Total eligible amount of input tax credit available for alteration will get auto-calculated here.
Part B
12. Tax, Interest, Late Fee and Penalty Paid Under this head, input from all the headings determine the final GST liability along with separate presentation of tax liability against IGST, CGST, and SGST. Here, the taxpayer has an option to debit cash ledger/ credit ledger against the outstanding liability.
13. Refunds Claimed (from Cash Ledger) The taxpayer can claim a refund of Input Credit amount in excess of tax liability in this header.

On correct furnishing of the entire particulars; the signature verification of taxpayer is required for authentication of the return. The taxpayer needs to sign digitally either through a digital signature certificate (DSC) or Aadhaar based signature verification.

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