What is

GST Return ?

The Goods and Services Tax (GST) is a comprehensive indirect tax levied on supply of goods and services in India. It was introduced on July 1, 2017, and has replaced a number of indirect taxes such as excise duty, service tax, VAT, and CST.

Every tax law in the nation is driven by return filing based on the self assessment by the registered persons and similarly GST is of no exception. GST Return filing is a process to declare about what sales made during the period along with Input Tax Credit to derive the net tax liability payable to government exchequer.

GST Returns

Type and Due Dates

GSTR1GSTR3BGSTR4
Return for Outward Supplies

GSTR-1 is a monthly return of outward supplies (sales) undertaken by a normal registered taxpayer under GST. For taxpayers having turnover below 1.5 crore have an option to file quarterly return.
Due Date:
11th of following month
13th of the month following every quarter		Summary of Inward and Outward Supplies

GSTR-3B is a monthly self-declaration to be filed, for furnishing summarised details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid. GSTR-3B is to be filed by all normal taxpayers registered under GST. The sales and input tax credit details must be reconciled with GSTR-1 and GSTR-2B every tax period before filing GSTR-3B.
Due Date:
20th of following month
Quarterly, 22nd of the month following the quarter for ‘X’** category of States and 24th of the month following the quarter for ‘Y’** category of States
GSTR-4 is the annual return that was to be filed by the composition taxable persons under GST, by 30th April of the year following the relevant financial year. A business who opt for composition scheme and needs to pay to subsidize GST rates from 1% to 5% & file this annual return
GSTR5GSTR5AGSTR6
GSTR-5 is the return to be filed by non-resident foreign taxpayers, who are registered under GST and carry out business transactions in India. Due Date: 20th of each month under GSTIN that the taxpayer is registered in India.GSTR-5A refers to a summary return for reporting the outward taxable supplies and tax payable by Online Information and Database Access or Retrieval Services (OIDAR) provider under GST. Due Date: 20th of every month.GSTR-6 is a monthly return to be filed by an Input Service Distributor (ISD). It will contain details of input tax credit received and distributed by the ISD. It will further contain details of all documents issued for the distribution of input credit and the manner of distribution.

Due date: 13th of every month.
GSTR7GSTR8GSTR9
GSTR-7 is a monthly return to be filed by persons required to deduct TDS (Tax deducted at source) under GST.

Due Date: 10th of every month		GSTR-8is a monthly return to be filed by e-commerce operators registered under the GST who are required to collect tax at source (TCS).

Due Date: 10th of every month		GSTR-9 is the annual return to be filed by taxpayers registered under GST. It is a consolidation of all the monthly or quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed during that financial year.

Due Date: 31st December of the year following the relevant financial year.

Documents and information required for

filing GST return

Registered Companies needs below data for GST Return Filing

  • Invoice wise and HSN wise sales data during the period.
  • Details of Credit Note and Debit note issues during the period.
  • Details of Purchase made during the period with invoice level data.
  • Reconciliation with Trial Balance
  • Details of any TDS/TCS under GST

Important points to be considered for

filing GST return

Registered person should consider below important points for GST return filing

  • GSTR3B cannot be filed unless GSTR1 is filed
  • In case of Quarterly filers, it is mandatory to pay GST liability every month by 25th
  • Sales data in GSTR1 and GSTR3B should match
  • In case of any error in GST return filed then same can only me rectified in following months. Modification of return is not permitted.
  • Even if a business has not made any sales/purchases during the period, it is mandatory to file nil returns.
  • Businesses need to provide the HSN/SAC codes for all the goods/services supplied in the returns.
  • Composition dealers have to File GSTR-4 Return on annual basis instead of GSTR-1 and GSTR-3B
  • In Form GSTR-1, rectification of error or omission in respect of invoices of the previous financial year will not be allowed after 30th November of the following financial year.

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GST Returns Filing Registration

  • NIL GST return
  • ₹ 499
    per plus taxes (Including Government Fee)
  • "GSTR1 and GSTR3B filing for a month/quarter
  • with no transaction"
  • Monthly Package
  • ₹ 1499
    per plus taxes (Including Government Fee)
  • GSTR1 and GSTR3B filing for a month with upto 50 transactions during the month
  • GSTR2B and Input Credit Reconciliation
  • Quarterly Package
  • ₹ 1999
    per plus taxes (Including Government Fee)
  • GSTR1 and GSTR3B filing for a quarter with upto 75 transactions during the Quarter
  • GSTR2B and Input Credit Reconciliation
  • Annual Package
  • ₹ 11999
    per plus taxes (Including Government Fee)
  • GSTR1 and GSTR3B filing for a year with upto 500 transactions during a year
  • GSTR2B and Input Credit Reconciliation

Have A Question?

FREQUENTLY ASKED QUESTIONS (FAQs)

All registered taxable persons are required to file returns under the GST law. If you have not performed any business activities during the period covered by a return, you need to file a Nil return.

Kindly refer table.

You can file GST return online through the GSTN portal. or Leave all legalities on us and Get your GST Return Filing Done hassle free.

Generally GSTR1 and GSTR3B are the returns applicable to all the entities. Both these returns are to be filed on monthly basis unless registered person having turnover below 5 crore opted for QRMP scheme.

QRMP Scheme is applicable for those registered persons having Aggregate Annual Turnover up to Rs. 5 Cr in the preceding Financial Year. Such registered persons are allowed to furnish return on quarterly basis along with monthly payment of taxes on or before 25th of every month.

  • A: B2B: It refers to supplies between registered taxable entities.
  • B2C: It refers to supplies between registered supplier & Unregistered buyer.

If you make any error while filing return then same can be rectified by making necessary amendments/adjustments in next month/quarter returns only.

Yes, all e-commerce operators who allow other suppliers to sell goods or services through their portals are required to file the GSTR-8 return. Those who use their own portal to sell their goods or services need not file this return. The GSTR-8 needs to be filed before the 10th of the following month, and it contains:

  • The taxpayer’s basic information (name, GSTIN, etc).
  • The period to which the return pertains.
  • Supplies made to customers through the e-commerce portal by both registered taxable persons and unregistered persons.
  • Your customers’ basic information (whether or not they are registered taxpayers).
  • The amount of tax collected at source, tax payable, and tax paid.

GSTR9 Annual Return is a return that is filed annually by all registered taxpayers under GST. It contains details of all supplies made and received during the relevant financial year, along with turnover and audit details. The return is due to be filed by 31st December of the year following the particular financial year. GSTR9 is mandatory if aggregate turnover during the year is 2 crore or more.

GSTR 9C is a reconciliation statement between the annual returns in GSTR 9 for the relevant financial year and the figures mentioned in the audited annual financial statements of the taxpayer. It consists of the gross and taxable turnover as per the books of accounts, with the respective figures mentioned in the A taxable person whose aggregate turnover exceeds ₹5 Cr. in a financial year is required to submit the audit report in form GSTR 9C.

Late fee for GSTR9 From FY 2022-23 onwards-

– Turnover up to Rs.5 crore filing GSTR-9 after due date attracts a late fee of Rs.50 per day (25 each under CGST and SGST laws) subject to max cap 0.04% of turnover in state/UT (0.02% each under CGST and SGST laws).

– Turnover over Rs.5 crore to 20 crore filing GSTR-9 after due date attracts late fee of Rs.100 per day (50 each under CGST and SGST laws) subject to max cap 0.04% of turnover in state/UT (0.02% each under CGST and SGST laws).

GSTR9C: No specific provisions, but a general penalty of Rs.25000 will be applicable.

Form GSTR-2A is a system-generated (auto-populated) return reflecting inward supplies (purchase-related transactions).

  • Form GSTR-2A gets auto-generated based on the details/ information furnished by supplier/ seller/ counterparty vide following returns-

    • Form GSTR-1 – return to be filed by a normal registered person.
    • Form GSTR-5 – return to be filed by a non-resident.
    • Form GSTR-6 – return to be filed by an input service distributor.
    • Form GSTR-7 – return to be filed by tax deductor.
    • Form GSTR-8 – return to be filed by an e-commerce operator liable to collect the tax.

 

Form GSTR-2B-

  • Form GSTR-2B is a system-generated (auto-populated) statement reflecting input tax credit details.
  • The statement gets auto-generated on the 12th of the succeeding month.
  • The details, in Form GSTR-2B, are auto-populated on the basis of the following returns furnished by the suppliers/ seller-
    • Form GSTR-1;
    • Form GSTR-5;
    • Form GSTR-6; and
    • Import data as received from ICEGATE.

Even though both the Form GSTR-2A and GSTR-2B reflects similar details, both the forms are different in various ways. The difference between both the forms is summarized hereunder-

  1. Type of statement-

Form GSTR-2A is a form of a dynamic statement. The details of inward supplies vis-à-vis input tax credit will be updated on a continuous basis.

On the other hand, Form GSTR-2B is a form of a static statement. The details will be updated on a constant basis.

  1. The basis for reflection of details-

In the case of Form GSTR-2A, the details of the inward supplies will be reflected in the statement on a real-time basis.

In order words, the details will be updated as and when the supplier furnishes the details of outward supplies either in Form GSTR-1 or via using Invoice Furnishing Facility (i.e. IFF).

 

For example, the registered person while filing Form GSTR-1 for the month of January 2021 has failed to declare some supplies. The missed supplies were reflected by the registered person while filing Form GSTR-1 for the month of February 2021. Correspondingly, the details of such missed supplies will be reflected in Form GSTR-2A in the month of February 2021.

However, in the case of Form GSTR-2B, the details of inward supplies will be reflected in a static manner. It will reflect the details of outward supplies reflected by the supplier between two due dates of either Form GSTR-1 or Invoice Furnishing Facility.

For example, suppose the registered person furnishes the details of outward supplies for the month of January 2021 after the due date. In such a case, the corresponding details of inward supplies and the input tax credit will not be reflected in Form GSTR-2B in the month of January 2021.

Under GST there is monthly matching of ITC on inward supplies and corresponding invoices reported by the supplier, so that recipient of the goods or services can avail ITC in their monthly/quarterly GSTR3B. But since there are many registered suppliers who are eligible for quarterly GSTR1- Outward Supply Return and to support their recipient to avail timely/monthly ITC government has introduced Invoice Furnishing Facility i.e. IFF.

The penalty for late filing of GST returns is generally Rs. 50 per day for each return, i.e., Rs. 25 under the CGST Act and Rs. 25 under the SGST Act (subject to a maximum of Rs. 5,000).

In case a registered person fails to file its GST return for two consecutive periods then GST registration may be suspended and also he will not be able to generate E-way Bill.

No, GSTR-9A is specifically for composition scheme taxpayers. Regular taxpayers need to file GSTR-9.

The “Final Return” under GST refers to the return filed by a taxpayer when they are ceasing their business operations or their GST registration is being canceled. It is the last return to be filed by the taxpayer before closing their GST registration.

The Final Return is known as GSTR-10 and needs to be filed within three months from the date of cancellation or the date of ceasing business activities, whichever is earlier. It includes details of the stock held on the last day of business, liabilities, and input tax credit (ITC) to be reversed.

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