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 –

MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

Coronavirus: Central Government Economic Measures to Fight Covid 19 Crisis
27 Mar, 2020

Relief package of Rs.1.7 lakh Crore announced by the Finance Minister to fight Coronavirus Our central government has taken many... Read More

Corporate Social Responsibility (CSR) in India
24 Mar, 2020

What is Corporate Social Responsibility (CSR)? Corporate social responsibility means managing of business processes by fulfilling its... Read More

E-Invoicing under New GST Return System
12 Mar, 2020

What is E-Invoicing? E-invoicing is a new system started by the GST department of central government for electronic authentication of B2B... Read More

CONTACT US

We Are Everywhere

We are having a wide network operating all across India as well as Internationally.
World Map

Contact Us


30+ Offices in
India

10+ Years Experience

Save Your
Time

Quick Turn around Time

Qualified Professionals

Excellent Customer Service

CONNECT WITH US

Reviews

We value client relationships and making it better with each passing day.

Rated 4.5 out of 5 based on 1,234 reviews on FinacBooks Logo

Pan India Network

Our Network

Connect with our chartered accountant in your city


Sign up to our

Newsletter

Tax news for chartered accountants, businesses and individual.