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

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

Month Due date
June 2019 20th July 2019
July 2019 20th August 2019
August 2019 20th September 2019
September 2019 20th October 2019
October 2019 20th November 2019
November 2019 20th December 2019
December 2019 20th January 2020

How to revise GSTR-3?

It is not possible to revise GSTR-3 as it is an auto-generated document. OnceGSTR-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 2019, you can rectify that mistake in GSTR-1 & GSTR-2 of the next month i.e. July 2019.

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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