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.
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.
It is mandatory to file a GSTR-3 monthly return for each and every person registered under GST (except compounding and ISD taxpayers).
Every registered taxpayer is required to file monthly return on or before 20th of next month.
GSTR-3 return will include the following details:
The following details are also included in GSTR-3 in tabular formats:
You can view and download the form here.
|#||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|
|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:
|6.||Outward supplies (will get auto-populated from GSTR-1)||Sub-headings appear as follows:
|7.||Inward supplies (will get auto-populated from GSTR-2)||Sub-headings will appear as follows:
|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.|
|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.