GSTR-3 monthly return records supplies, ITC, reverse charge and payments with auto populated Part A from GSTR filings. GSTR-3 is a structured monthly return whose Part A is auto populated from GSTR 1, GSTR 1A and GSTR 2 and records turnover, outward and inward supplies by rate, zero rated and exempt supplies, and e commerce TCS values. It separately captures inward supplies under reverse charge and ITC on inputs, input services and capital goods including ISD credits, plus amendments. The form sets out adjustments for mismatches and ITC reversals/reclaims, computes total tax liability including interest and late fee, applies TDS/TCS credits, and requires Part B payment through electronic cash and credit ledgers; refunds from cash ledger are allowed only after discharging period liabilities.
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GSTR-3 monthly return records supplies, ITC, reverse charge and payments with auto populated Part A from GSTR filings.
GSTR-3 is a structured monthly return whose Part A is auto populated from GSTR 1, GSTR 1A and GSTR 2 and records turnover, outward and inward supplies by rate, zero rated and exempt supplies, and e commerce TCS values. It separately captures inward supplies under reverse charge and ITC on inputs, input services and capital goods including ISD credits, plus amendments. The form sets out adjustments for mismatches and ITC reversals/reclaims, computes total tax liability including interest and late fee, applies TDS/TCS credits, and requires Part B payment through electronic cash and credit ledgers; refunds from cash ledger are allowed only after discharging period liabilities.
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