Books

Learn how the GSTR-1, GSTR-2 and GSTR-3 work

Last updated on 28 February, 2019

 Back to Guides

Every registered taxpayer under GST who is not under a special scheme (like the composition scheme or an ISD registration) is required to file three tax statements each month called GSTR-1 (for sales), GSTR-2 (for purchases) and GSTR-3 (consolidated). While the GSTR-1 needs to be drafted by you, you can literally auto-generate your GSTR-2 and GSTR-3 using the data submitted by your vendors and customers on the GSTN. Here’s how it works:

GST returns data workflow

Sales return

  • You: File GSTR-1 between 1st and 10th of the following month. Your sales data from GSTR-1 will populate the GSTR-2A of your customer. 
  • Customer: 
    • If your sales records match with their purchase records, they can just accept their GSTR-2A and file GSTR-2 (for purchases). 
    • Mismatches can be corrected by them before they file GSTR-2 and whenever this happens, the GSTN sends you an alert.
  • You: Cross-verify changes made by your customer and file the GSTR-1A before 17th of the following month to make necessary corrections to your GSTR-1.

Purchase return

  • Vendor: Files GSTR-1 into the GSTN and this data populates your GSTR-2A form. 
  • You: Verify data on your GSTR-2A and make corrections, if needed before filing your purchase data in the form of GSTR-2 between 11th and 15th of the following month.

Consolidated return

  • You: Pay the tax you owe to the government based on your tax liability before filing GSTR-3 between 15th and 20th of the following month. Learn more about GST returns.



       
Thank you for your feedback!

Get your business ready for GST with Zoho Books.

LEARN MORE
Zoho Books

Simplify accounting and
GST filing.

Maybe Later