Every registered dealer needs to file GST returns for a specified period. However, the dealer has to file Nil Return, If there’s no business activity. You can file returns through online mode. You can also create and upload offline. The theE-Return is also common for CGST, SGST, IGST, and other additional levies.
Normal/ Regular taxpayers( including casual taxpayers) would have to file GSTR- 1, GSTR- 2, and GSTR- 3( yearly Returns) for each GST enrollment. Normal/ Regular taxpayers with multiple enrollments ( for business verticals) within a State would have to file GSTR- 1, GSTR- 2, and GSTR- 3 for each of the enrollments separately.
What’s Return Under GST?
Every person registered under GST must submit an electronic return on a monthly basis. A “tax return” is a document that shows the income of a registered taxpayer. The duty authorities require the filing of the document in order to pay duty to the government, and a registered dealer’s duty payment amount determined by the income declared in the duty return filed with the duty authorities.
Under the original GST Return filing procedure, the different types of GST returns demanded the taxpayer to expose the following details
- Outward Supplies( Deals)
- Inward inventories( Purchases)
- GST On Output
- GST on Input( Input Tax Credit)
Other Particulars( As May be specified in the Document)Note still, the current system of GST Return filing requires a taxpayer to update outward supplies information in GSTR 1. And also file a summary return in GSTR 3B. We are suspending all other forms such as GSTR 2 and GSTR 3 for the time being.
As mentioned above, from April 1, 2019, the incumbent government is planning to apply the new GST Return design. This simplified interpretation of return would bear the taxpayers having an annual turnover of over Rs 5 Crores to file one monthly return only. therefore, small business owners, having an annual turnover of up to Rs 5 Crores would have the option to file quarterly return.
Types Of GST Returns?
1. GSTR – 1 Return for Outward inventories:
A normally registered taxpayer under GST accepts outside supplies and submits GSTR-1, a monthly return. In other words, this monthly return showcases the deals transactions of a business in a particular month.
Due Date for Filing GSTR- 1:
The Commissioner can extend the due date for filing GSTR-1 beyond the standard deadline of 10 days from the end of the month for which the return is to be filed, and any class of persons can cause for such an extension would be notified.
2. GSTR – 2 Return for Inward inventories:
GSTR- 2 is a monthly return of inward inventory of goods and services as agreed by the recipient of the goods and services. In other words, GSTR- 2 contains details concerning the purchases made by the recipient in a particular month. GSTR-2 auto-populates its information with the features contained in GSTR-2A.
Due Date for Filing GSTR- 2:
To file GSTR-2 and make changes, one needs to accept the process between the 11th and 15th day of the succeeding month for which the return filed.
3. GSTR – 2A Read Only Document:
GSTR- 2A is a read-only document. This document automatically completed when the supplier uploads details to GSTR-1.In other words, GSTR- 2A enables philanthropists to verify the details uploaded by the supplier in GSTR 1. Also, the philanthropists accept, reject, modify or keep the bills pending using the said details. still, similar changes made by the recipient in GSTR 2.
Due Date for Filing GSTR- 2A:
GSTR- 2A is a read-only document used by philanthropists to match the details uploaded by the supplier in GSTR- 1. therefore, the recipient can accept, reject, modify or keep the invoices pending in case there’s any mismatch. still, the recipient can make factual changes, if any, only in Form GSTR 2. This process of making changes and filing GSTR- 2 is to be accepted between the 11th and 15th day of the month succeeding the month for which such a return is to be filed.
4. GSTR – 3B Summary of Inward and Outward inventories:
GSTR 3B is a simplified yearly summary return of inward and outward inventories. It’s a tone of protestation showcasing the summary of GST arrears of the taxpayer for the duty period in question. also, it helps the taxpayer to discharge the duty arrears promptly.
GSTR- 3B a form that can not be revised. likewise, this form doesn’t need the compliance of comparing bills between supplier and purchaser. That means both the suppliers and the philanthropists file the GSTR- 3B form independently. thus, such a facility doesn’t cause delays in the filing of returns which would accordingly attract late fees and interest.
Due Date for Filing GSTR- 3B:
The GSTR- 3B was submitted by the 20th of the month succeeding the duty period for which GST is filed. In case no deals accepted in a particular month, the registered person needs to file a zero return for that period.
5. GSTR – 4 Return For Composition Dealers:
GSTR- 4 is a quarterly return that require filed by a registered taxpayer who has signed up for the Composition Scheme. Under this scheme, small taxpayers having a turnover of up to Rs1.5 Crores need to pay duty at a fixed rate and file quarterly returns. This unlike the normally registered seller who files three returns every month including GSTR- 1, GSTR- 2, and GSTR-3B.
Due Date for Filing GSTR- 4:
The deadline for filing GSTR-4 is the 18th day of the month following the quarter in which such statements must be filed. Say, for example, Kapoor Pvt Ltd is a composition dealer who needs to file his GST return for the quarter of January – March 2019. The due date for filing GSTR- 4 thus would be April 18, 2019.
6. GSTR – 5 Tax returns for non-resident taxpayers:
GSTR- 5 is a monthly return filed by every non-resident taxable person. This return includes details about
- inward inventories
- outward inventories
- any interest, penalty, fees
- duty payable or duty paid or
- any other quantum payable under the act
likewise, this the only return filed by a non-resident taxable person. This means an anon-resident taxable person n’t needed to file any annual return.
Due Date for Filing GSTR- 5:
The details in GSTR 5 need filed within a period that’s earlier than 20 days from the last day of the calendar month or GSTR 6 a monthly statement filed by the Input Service Distributor for each calendar month.7 days after the last date of validity of the enrollment
7. GSTR – 6 Return to Input Service Distributor:
Within 20 days from the last day of the calendar month or GSTR 6 is a monthly statement filed by the Input Service Distributor for each calendar month. This feedback provides information about all credit invoices issued by ISD. This also means that it also gives a summary of the total input duty credit available for distribution during a particular month. therefore, the details of the invoices that an ISD furnishes in form GSTR 6 are made available to every philanthropist of the credit. These details are visible to the philanthropist in part B of form GSTR 2A.
Due Date for Filing GSTR- 6:
GSTR- 6 needs to be filed on the thirteenth day of the month succeeding the month for which duty is to be paid. For example, Kapoor Pvt Ltd registered as his ISD in Mumbai and has branches in Mumbai, Hyderabad, Bangalore, and Gurgaon. Kapoor Pvt Ltd required to file his ISD Declaration of November 2018. Therefore, Kapoor Pvt Ltd’s GSTR 6 filing deadline is December 13, 2018.
8. GSTR – 7 Return For Taxpayers Abating TDS:
GSTR 7 is a yearly return that’s needed to be filed by the deductors who are needed to abate TDS under GST. Such returns shall consist of information relating to duty subtracted at source, the liability towards TDS, TDS Refund claimed if any Interest, late charges, etc. paid or payable.
Due Date for Filing GSTR- 7:
The deductor must file GSTR-7 within 10 days after the end of the month in which they made the deduction. For example, his GSTR-7 submission deadline for June 2018 is 10 July 2018. The deadline for filing GSTR 8 is 10 days. 10
9. GSTR – 8 Return For E-Commerce Operators Collecting TCS:
GSTR 8 is a monthly return furnished by every electronic commerce driver who’s needed to deduct duty Collected at Source under GST. This return reflects details of the inventories made through an e-commerce portal and the quantum of duty collected from suppliers of goods and services. Furthermore, the operator can also make changes to the details of inventories furnished in any of the earlier period statements.
Due Date for Filing GSTR- 8:
The deadline for filing GSTR 8 is 10 days. 10. Ordinary registered taxpayer annual return under GSTR – 9 GST for the month following the month in which the TCS collects. therefore, the quantum of duty that the operator collects also needs deposit by the 10th day of the following month during which such a collection made. likewise, the operator also needs to file an annual statement in the prescribed format in GSTR 9B. This return needs to filed by 31st December following the end of each fiscal year. Ordinary registered taxpayer annual return under
10. GSTR – 9 GST for the month following the month in which the TCS is collected:
Section 44( 1) requires that Every listed person shall furnish electronically an annual return for every fiscal year in the specified form, except the following
- Input Service Distributor
- A person paying duty under section 51 or section 52,
- Casual taxable person
- Non-resident taxable person
Persons registered under GST must file a Nil Annual Return even if they have no transactions during the given period.
Due Date for Filing GSTR- 9:
File return by Dec 31 of next fiscal year’s end.To further add to this, Rule 80( 1) of the CGST Rules, 2017 countries that a similar registered person shall furnish an annual return electronically in Form GSTR- 9. One must file this return directly through the Common Portal or the Facilitation Center notified by the Commissioner.
11. GSTR – 9A annual return for composition traders:
GSTR 9A is the annual return that every registered person opting for composition tax needs to file every fiscal year. This return is in addition to the daily returns filed by a composition dealer during a fiscal year. A composition dealer files GSTR 9A, which contains details relating to the quarterly returns they filed during the year, as a periodic return. This return contains details with regards to inventories made by This statement details the payments made by the taxpayer during the year under the compensation plan. These details include inward and outward inventories, duty paid, input credit availed, or reversed, Duty refunds, late fees, etc
Due Date for Filing GSTR- 9A:
The due date to file GSTR 9A on or before December 31 succeeding the close of a particular fiscal year for which the return needs filed. For instance, Mr Kapoor a composition taxpayer who needs to file his annual return for the fiscal year 2017 – 2018. therefore, Kapoor required to file an annual return in form GSTR 9A by 31 December 2019.
12. GSTR – 9B Annual Return ForE-Commerce Operators Collecting TCS:
Every electronic commerce operator needed to collect duty at source under section 52 shall furnish an annual statement in FORM GSTR-9 B. This return includes all the information furnished by thee-commerce operators in the monthly returns filed during the fiscal year.
Due Date for Filing GSTR- 9B:
All e-commerce taxpayers must file their GSTR-9B on or before 31st December following the close of the fiscal year.
13. GSTR – 9C Return For Registered Persons Getting Accounts Audited From CA:
Every registered person having an aggregate development of further thanks. 2 crores during a fiscal year must get his accounts check by a CA or cost account. likewise, he needs to submit the periodic return, a dupe of the audited accounts, and a conciliation statement. This voting statement is in the form of GSTR 9C. So basically, GSTR 9C is a reconciliation statement coordinating the value of inventories declared in annual returns with the audited annual accounts.
Due Date for Filing GSTR- 9C:
The GSTR-9C filing deadline is the same as the GSTR-9 Annual Return filing deadline. The taxpayer must submit GSTR-9C on or before 31st December of the financial year following the applicable FY under audit. For example, the deadline for filing his GSTR-9C for the fiscal year 2017-2018 is 31 December 2018, i.e. he is 3 months or.
14. GSTR – 10 Return For Registered Person Whose GST enrollment Gets Cancelled:
If a person listed in GST has their registration cancelled, they must file GSTR-10, which is a final return.
Such a listed person doesn’t include
- Input Service Distributor
- A person paying duty under the composition scheme
- Non-resident taxable person
- Person collecting TDS or TCS
Taxpayers file Form GSTR-10 electronically through the common portal either directly or via a facilitation centre as prescribed by the Commissioner. The intent of forming this final return is to make sure that the taxpayer pays off any liability outstanding. The company may also incur a liability that is equivalent to the amount advanced for input duty related to the stock of finished and semi-finished goods, capital goods, or factory and machinery, or for output duty payable on similar goods.
Due Date for Filing GSTR- 10:
The person whose GST registration canceled must file Form GSTR-10 for the final return within three months from the date of cancellation or the date of the cancellation order, whichever is later.
15. GSTR – 15 from the date of cancellation:
GSTR – 11 UIN Owner’s return (unique identification number). The government also issues UINs to enable registered individuals to claim refunds for GST paid on goods and services they purchase in India.
Due Date for Filing GSTR- 11:
UIN holders must file GSTR-11 by the 28th of the month after receiving inward inventories.
FAQ & Related Questions:
1. For taxpayers who file returns on a daily base, what are the types of regular returns that should be used?
Taxpayers with an aggregate turnover of more than Rs. 5 crore in the previous period must use either Sugam, Sahaj, or normal (daily) returns for filing their regular returns.
2. Why can the RET-1 form be sent in SMS mode?
File Nil returns via SMS with RET-1 for taxpayers who haven’t made inventories.
3. can amendments be made to the documents by the supplier?
A taxpayer can change form period during first return filing; not possible afterwards.
4. can the taxpayer change the tax period?
Taxpayer can change form period only during first fiscal return filing, not actively otherwise.
Conclusion:
Refunding GST is a transparent way of maintaining accountability for financial transactions. Online access also provides the advantage of easy access and flexibility.