GST RETURN FILING
What is GST Return?
Returns are a set of forms in pre-approved format of reporting. This makes provision of required details easier for the taxpayers for a complete disclosure. Each form has been designed to ensure a complete disclosure of every transaction made between buyers and sellers.
Who has to file GST Returns?
Every taxpayer in the purview of Goods & Service Tax has to file returns as mandated by the Department.
Types of GST Returns:
|1.||GSTR-1||Details of outward supplies of taxable goods or services or both effected|
|2.||GSTR-2||Details of inward supplies of taxable goods or services or both claiming input tax credit|
|3||GSTR-3||Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax|
|4||GSTR-4||Quarterly Return for compounding taxable persons|
|5||GSTR-5||Return for Non-Resident foreign taxable persons|
|6||GSTR-6||Input Service Distributor return|
|7||GSTR-7||Return for authorities deducting tax at source|
|8||GSTR-8||Details of supplies effected through e-commerce operator and the amount of tax collected as required under sub-section (52)|
|10||GSTR-9A||Simplified Annual return by Compounding taxable persons registered under section 10|
23rd GST Council Meet on 10th November 2017
- GSTR-3B has been extended to March 2018
- All businesses to file GSTR-3B by 20th of next month till March 2018.
- All businesses to file GSTR-1 and GSTR-3B till March 2018.
- GSTR-2 and GSTR-3filing dates for July 2017 to March 2018 will be worked out later by a Committee of Officers
- Turnover under Rs 1.5 Cr to file quarterly GSTR-1
- Turnover above Rs 1.5 Cr to file monthly GSTR-1
Due dates for All GST Returns
These returns are as per the GST Act-
|Return Form||Particulars||Frequency||Due Date|
|GSTR-1||Details of outward supplies of taxable goods and/or services effected||Monthly||10th of the next month|
|GSTR-2||Details of inward supplies of taxable goods and/or services effected claiming input tax credit.||Monthly||15th of the next month|
|GSTR-3||Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.||Monthly||20th of the next month|
|GSTR-3B||Simple return for Jul 2017- Mar 2018||Monthly||20th of the next month|
|GSTR-4||Return for compounding taxable person||Quarterly||18th of the month succeeding quarter|
|GSTR-5||Return for Non-Resident foreign taxable person||Monthly||20th of the next month|
|GSTR-6||Return for Input Service Distributor||Monthly||13th of the next month|
|GSTR-7||Return for authorities deducting tax at source.||Monthly||10th of the next month|
|GSTR-8||Details of supplies effected through e-commerce operator and the amount of tax collected||Monthly||10th of the next month|
|GSTR-9||Annual Return||Annually||31st December of next financial year|
|GSTR-9A||Annual Return||Monthly||31st December of next financial year|
|GSTR-10||Final Return||Once. When registration is cancelled or surrendered||Within three months of the date of cancellation or date of cancellation order, whichever is later.|
|GSTR-11||Details of inward supplies to be furnished by a person having UIN and claiming refund||Monthly||28th of the month following the month for which statement is filed|
GSTR-1 due dates
For turnover upto Rs 1.5 cr
|Period (Quarterly)||Due dates|
|July- Sept||31st Dec 2017|
|Oct- Dec||15th Feb 2018|
|Jan- Mar||30th April 2018|
For turnover of more than Rs 1.5 cr
|July to Oct||31st Dec 2017|
|Nov||10th Jan 2018|
|Dec||10th Feb 2018|
|Jan||10th Mar 2018|
|Feb||10th Apr 2018|
|March||10th May 2018|
Timelines for filing of GSTR-2 and GSTR-3 for July to March 2018 to be worked out by Committee of Officers. However, subsequent month filing of GSTR-1 will not be impacted.