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GST Returns

What is GST Return?

Each person registered below the GST Act has to periodically furnish the details of sales and purchases together with tax amassed and paid thereon, respectively, with the aid of filing online returns. before filing the go back, payment of tax due is obligatory otherwise such return will be invalid.

Steps for filing GST return:

GST return can be filed in different forms depending upon the nature of transaction and registration.Return Forms that are applicable for Normal Tax payers and their due dates are:

  • Monthly Details of outward supplies in FORM GSTR-1 by the 10th of next month.
  • Monthly Details of inward supplies in FORM GSTR-2 by the 15th of next month.
  • Monthly Filing of Return along with payment of tax due in FORM GSTR-3 by the 20th of next month.
  • Annual Filing of Return in FORM GSTR-9 by 31st December of next financial year.

GST return filing process

Types of returns under GST

There are multiple returns below the GST regime. The most not unusual used return might be GSTR 1, 2, 3, four & 9. GSTR 1, GSTR 2 & GSTR 3 may be submitted with the aid of all agencies on a month-to-month basis together with GSTR 9 on an annual basis. GSTR 4 is submitted through composition taxpayers on a quarterly basis.

Return/Form Details Filer Frequency Due Date
GSTR – 1 Outward sales by Business Registered Normal Taxpayer Monthly 10th of next month
GSTR – 2 Purchases made by Business Registered Normal Taxpayer Monthly 15th of next month
GSTR – 3 GST Monthly return along with the payment of tax Registered Normal Taxpayer Monthly 20th of next month
GSTR – 4 GST Quarterly return for Composition Taxpayers Composition Taxpayer Quarterly 18th of month next quarter
GSTR – 5 Periodic GST return for Non-Resident Foreign Taxpayer Non-Resident Foreign Taxpayer Monthly 20th of next month
GSTR – 6 Return for Input Service Distributor (ISD) Input Service Distributor Monthly 13th of next month
GSTR – 7 GST Return for TDS Tax Deductor Monthly 10th of next month
GSTR – 8 GST Return for E-commerce Operator E-commerce Operator (Tax Collector) Monthly 10th of next month
GSTR – 9 GST Annual Return Registered Normal Taxpayer Annually 31st Dec of next financial year