What is GSTR 3 and Who Should File GSTR 3 Returns?

Posted In | Help Desk

GSTR-3 is a monthly return that is required to be filed by a registered taxpayer under the Goods and Services Tax (GST) in India. It is a summary of the GST returns that the taxpayer has filed during the month, including details of the supplies made and received by the taxpayer, as well as the tax paid on these supplies. The GSTR-3 return must be filed by the 20th of the month following the tax period for which the return is being filed.

 

 

How to File GSTR-3 Return? 

To file the GSTR-3 return, taxpayers must first file their GSTR-1 and GSTR-2 returns for the month. The GSTR-1 return is a summary of the outward supplies made by the taxpayer, while the GSTR-2 return is a summary of the inward supplies received by the taxpayer. The GSTR-3 return is then generated based on the information provided in the GSTR-1 and GSTR-2 returns.

 

Who Should File GSTR-3 Returns?

GSTR-3 returns were required to be filed by registered taxpayers under the Goods and Services Tax (GST) in India. A registered taxpayer is a person who has obtained a GST registration and is required to file GST returns on a regular basis. This includes businesses and individuals who are engaged in the supply of goods or services and whose annual turnover exceeds the threshold limit for GST registration, which is currently INR 40 lakhs (INR 20 lakhs for special category states).

 

It is important to note that the GSTR-3 return is no longer being filed as of 2021, and has been replaced by the GSTR-3B return, which is a simplified version of the GSTR-3 return. The GSTR-3B return must be filed on a monthly basis by the 20th of the following month, and includes details of the supplies made and received by the taxpayer, as well as the tax paid on these supplies.

 

What Details Must be Provided in GSTR-3 Filing? 

The GSTR-3 return required taxpayers to provide the following details:

  1. Summary of outward supplies made during the month, as reported in the GSTR-1 return.
  2. Summary of inward supplies received during the month, as reported in the GSTR-2 return.
  3. Details of the tax paid on the supplies made and received during the month.
  4. Details of any input tax credit (ITC) availed by the taxpayer during the month.
  5. Any amendments or corrections to the information provided in the GSTR-1 and GSTR-2 returns.

 

Due Date for Filing GSTR 3 Returns

The due date for filing the GSTR-3 return was the 20th of the month following the tax period for which the return was being filed. For example, if the tax period was July 2021, the due date for filing the GSTR-3 return would be August 20, 2021.

 

Frequently Asked Questions: 

1. How to view GSTR-3B filing status?

To view the status of your GSTR-3B filing, you will need to log in to the GST Portal using your GSTIN (Goods and Services Tax Identification Number) and password. Once you are logged in, you can view the status of your GSTR-3B filing by following these steps:

  1. From the dashboard, click on the "Returns" tab.
  2. Click on the "View Returns/Payments" option.
  3. Select the "GSTR-3B" return from the drop-down menu.
  4. Select the tax period for which you want to view the filing status.
  5. Click on the "Search" button.

The GST Portal will display the status of your GSTR-3B filing, along with any errors or issues that may need to be resolved. If you are unable to view the status of your GSTR-3B filing, or if you have any other issues with the GST Portal, you should contact the GST helpdesk for assistance.

 

2. Is filing GSTR 3B mandatory?

Yes, filing GSTR 3B is mandatory for most taxpayers registered under the Goods and Services Tax (GST) in India. Filing GSTR 3B is a mandatory compliance requirement for most taxpayers, and failure to file the return can result in penalties and other consequences.

 

3. Is GSTR 3B a valid return?

Yes, GSTR 3B is a valid return form under the Goods and Services Tax (GST) in India. It is a monthly summary return that must be filed by most taxpayers registered under GST.