What is GSTR-3?

GSTR-3 is a return filed by taxpayer’s monthly containing the summarized details of all sales & purchases along with the amount of GST liability. It is a detailed summary of all sales (GSTR-1) & purchases (GSTR-2). GSTR3 is an auto generated document which pulls information from GSTR1 & GSTR2.

Who should file GSTR-3?

It is mandatory for every registered taxpayer to file GSTR3 every month except the following registered persons –

  1. Input service distributors
  2. Composition dealers
  3. Non-resident taxable person
  4. Taxpayer liable to deduct TDS
  5. Taxpayer liable to collect TCS
  6. Persons who are supplier of online information & database access or retrieval services (OIDAR) and paying taxes under section 14 of the IGST act.

GSTR 3 Filing Due Dates 2020

It is mandatory for every registered taxpayer to file GSTR-3 on or before 20th of the next month. The due dates for GSTR-3 are given below –

Month Due date
Dec 2019 20 Jan 2020
Jan 2020 20 Feb 2020
Feb 2020 20 Mar 2020
Mar 2020 20 Apr 2020
Apr 2020 20 May 2020
May 2020 20 Jun 2020
Jun 2020 20 Jul 2020
Jul 2020 20 Aug 2020
Aug 2020 20 Sep 2020
Sep 2020 20 Oct 2020
Oct 2020 20 Nov 2020
Nov 2020 20 Dec 2020
Dec 2020 20 Jan 2021

How to revise GSTR-3?

It is not possible to revise GSTR-3 as it is an auto-generated document. Once GSTR-3 return is filed, it cannot be revised but if you have done any mistake in the current month, you are having the option to rectify that mistake in the next month GSTR-1 & GSTR-2. For ex – If you made a mistake in month of June 2020, you can rectify that mistake in GSTR-1 & GSTR-2 of the next month i.e. July 2020.

Penalty for Late GSTR-3 Filing

Late filing of GSTR-3 leads to heavy fines & penalties. Interest will be charged at 18% per annum and it is calculated by the tax payer on the outstanding tax amount. The late fee is Rs.200 per day i.e. Rs.100 under CGST and Rs.100 under SGST. However, the maximum amount of penalty would be Rs.5000 and there is no late fee applicable on IGST.

GSTR-3 Return Form Format

Download Form GSTR-3 by clicking below link –

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Due Dates

  • GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST laws

    Nov 10th ,2021
  • GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws

    Nov 10th ,2021
  • GSTR 1 for Oct 2021 (turnover more than INR. 1.50 Crore)

    Nov 11th ,2021
  • GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)

    Nov 13th ,2021
  • Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the quarter ending September 30, 2021

    Nov 15th ,2021
  • GSTR-3B is a summary return to be filed by all taxpayers except those registered under the composition scheme, every month. However, from 1st January 2021, there is also quarterly filing option provided to taxpayers with annual aggregate tunrover of up to Rs.5 crore, opting for the QRMP scheme for Oct Month. (Aggregate turnover exceeding Rs.5 crore in the previous financial year)
     

    Nov 20th ,2021