Points to be Kept in mind while filing GSTR‑3 ‑Monthly Return

  1. GSTR 3 can be gen­er­at­ed only when GSTR‑1 and GSTR- 2 of the tax peri­od have been filed.

 

  1. Elec­tron­ic lia­bil­i­ty reg­is­ter, elec­tron­ic cash ledger and elec­tron­ic cred­it ledger of tax­pay­er will be updat­ed on gen­er­a­tion of GSTR‑3 by

 

  1. Part‑A of GSTR‑3 is auto-pop­u­lat­ed on the basis of GSTR 1, GSTR 1A and GSTR

 

  1. Part‑B of GSTR‑3 relates to pay­ment of tax, inter­est, late fee etc. by util­is­ing cred­it avail­able in elec­tron­ic cred­it ledger and cash

 

  1. Tax lia­bil­i­ty relat­ing to out­ward sup­plies in Table 4 is net of invoic­es, debit/credit notes and advances

 

  1. Table 4.1 will not include zero rat­ed sup­plies made with­out pay­ment of

 

  1. Table 3 will not include amend­ments of sup­plies orig­i­nal­ly made under reverse charge basis.

 

  1. 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.

 

  1. Uti­liza­tion of input tax cred­it should be made in accor­dance with the pro­vi­sions of sec­tion 49.

 

  1. GSTR‑3 filed with­out dis­charg­ing com­plete lia­bil­i­ty will not be treat­ed as valid

 

  1. 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

 

  1. Refund from cash ledger can only be claimed only when all the return relat­ed lia­bil­i­ties for that tax peri­od have been

 

  1. Refund claimed from cash ledger through Table 14 will result in a deb­it entry in elec­tron­ic cash ledger on fil­ing of valid GSTR

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