Every registered taxable business is required to furnish details of Inward and Outward Supply and make payment of GST in monthly GSTR 3 Return. Taxable person who opted for compounding scheme u/s 8 of GST Act shall require to furnish a return for each quarter or part thereof, electronically, in GSTR 3, within eighteen days after the end of such quarter.

Under GSTR 1 requires the taxpayer to furnish details of outward supply. Likewise, GSTR 2 mandates furnishing details of inward supply or purchases.  Now, let us know, various heads and their information source under GSTR 3.

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

Please note that the Form GSTR 3 contains two parts Part A and Part B.

Part A contains the Inward Supply, Outward Supply, Total Tax Liabilities, TDS and TCS credit receipt during the month.

Part B contains tax, interest, late fee and penalty remitted during the month

How to fill Form GSTR-3:

1. GSTIN – Each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number in short (GSTIN).   GSTIN of the taxpayer will be auto-populated at the time of return filing.  The GSTR 3 will have two parts 1) Part –A and 2) Part-B which consisting of the information of Form GSTR-1 and Form GSTR 2 which will be auto generated in other words electronic credit ledger, electronic cash ledger and electronic tax liability register of the taxable person.

√ 2. Name of the Taxpayer – Name of the taxpayer, will also be auto-populated at the time of logging into the common GST Portal.

3. Address – Business address of the registered taxable person will get auto-populated here.

√ The system will not allow to furnish return for a tax period if valid return for any previous tax period has not been furnished by the  taxable person.

√ If there is no transaction during the month, the taxpayer shall submit a NIL return.

4. Period: (Month -Year) – A Taxable person is required to select from a pre-fixed drop down the relevant month and year respectively for which GSTR 3 is being filed.

√ 5. Turnover Details – This column will include consolidated turnover of all types of supplies. Gross turnover needs to be bifurcated between:

√ Taxable Turnover

√ Export Turnover

√ Nil rated and Exempted Turnover

√ Non-GST Turnover

√ Total Turnover ( sum of above all)

√ 6. Outward Supplies – All the particulars filed under GSTR 1 will flow under this column. GSTR-1 requires an assessee to furnish details of outward supplies. All such information gets auto-populated under respective column. These sub-columns have been provided as under:

1. Inter-State Supplies to Registered Taxable Person

2. Intra-State Supplies to Registered Taxable Person

3. Inter-State Supplies to Consumers

4. Intra-State Supplies to Consumers

5. Exports (including deemed exports)

6. Revision of Supply Invoices / Credit Notes / Debit Notes

7. Total Tax Liability on Outward Supplies

√ 7.  Inward Supplies – Similar to outward supply, every registered taxpayer is required to furnish details of inward supply in his monthly GSTR 2. All the information filed under GSTR 2 will flow into this column. The following are the sub-columns wherein the information will get auto-populated:

1. Inter-State Supplies Received

2. Intra-State Supplies Received

3. Imports

4. Revision of Purchase Invoices / Credit Notes / Debit Notes

5. Total Tax Liability on Inward Supplies on Reverse Charge

6. ITC Reversal

√ 8.  Total Tax Liability for the month – Once all the outward supplies and inward supplies are declared, GSTN portal will auto-calculate the tax liability under this column. The taxpayer will have to determine his taxliability  from dealing in goods and services both. Further,  a separate value will be shown for CGST, SGST, and IGST respectively.

√ Any tax due to appropriate government as per the return shall pay to the credit of appropriate government not later than the last date on which the taxpayer is required to furnish return, without such payment the return will not be treated as a valid return and will not allow input tax credit.

√ 9.  TDS credit received during the month – Any tax credit by way of tax deducted at source will auto-populate here from taxpayer’s GSTR 2.

√ 10. TCS credit received during the month – Similar to TDS above, in the case of E-commerce market place sellers, any amount of TCS collected by the E-commerce operator will be available here. This information will again be auto-filled from the GSTR-2 filed for the same period.

√ 11. ITC received during the month – Total amount of eligible input tax credit available for adjustment will get auto-computed here.

Part B

√ a.  Tax, Interest, Late Fee and Penalty Paid – This will take input from all the columns above and will determine the final GST liability. Tax liability will be shown separately against IGST, CGST, and SGST. The taxpayer will have an option to debit his cash ledger or credit ledger against the liability outstanding.

√ b.  Refunds Claimed from Cash Ledger – Input Credit amount in excess of tax liability will flow to this column. The taxpayer can claim a refund of the amount showing in this header.

Once all the particulars are furnished correctly, the taxpayer is required to sign digitally either through a digital signature certificate (DSC) or Aadhar based signature verification to authenticate the return.

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June 2021