Finalisation of Return :

Finalisation of GSTR-1 and GSTR-2 would enable taxpayers in finalizing their return for the month. The GST Common portal would auto-generate the GSTR-3 for the taxpayer. GSTR-3 would show the amount that will credited/debited to the ITC ledger of the taxpayer and the amount of ITC available for payment of taxes. The taxpayer will fill in the details of ITC that he intends to utilise for payment of taxes. Any balance amount will have to be paid by the taxpayer as cash. The return would also show the late fee and interest payable, if any.