Points to be Kept in mind while filing GSTR-3 -Monthly Return
- GSTR 3 can be generated only when GSTR-1 and GSTR- 2 of the tax period have been filed.
- Electronic liability register, electronic cash ledger and electronic credit ledger of taxpayer will be updated on generation of GSTR-3 by
- Part-A of GSTR-3 is auto-populated on the basis of GSTR 1, GSTR 1A and GSTR
- Part-B of GSTR-3 relates to payment of tax, interest, late fee etc. by utilising credit available in electronic credit ledger and cash
- Tax liability relating to outward supplies in Table 4 is net of invoices, debit/credit notes and advances
- Table 4.1 will not include zero rated supplies made without payment of
- Table 3 will not include amendments of supplies originally made under reverse charge basis.
- Tax liability due to reverse charge on inward supplies in Table 5 is net of invoices, debit/credit notes, advances paid and adjustments made out of tax paid on advances earlier.
- Utilization of input tax credit should be made in accordance with the provisions of section 49.
- GSTR-3 filed without discharging complete liability will not be treated as valid
- If taxpayer has filed a return which was not valid earlier and later on, he intends to discharge the remaining liability, then he has to file the Part B of GSTR-3
- Refund from cash ledger can only be claimed only when all the return related liabilities for that tax period have been
- Refund claimed from cash ledger through Table 14 will result in a debit entry in electronic cash ledger on filing of valid GSTR