GST Returns Forms and Due Date

GST Return

GST Returns - It is mandatory for all the persons registered under the GST Act to file GST returns. Interest and penalty have been provided in the GST Act for non-filing or late filing of GST return by the registered person. Therefore a registered person must file a GST return on time.

According to the status of registered persons in the GST Act, different GST return forms have been prescribed. Therefore, a registered person should file the returns according to the forms applicable to him.

The GST Returns by a registered person contains information on the goods or/and services or both supplied by him, the input tax credit is taken, tax payable, and tax paid.

In today's article GST return, we will learn about different forms of GST return.

Types of GST Returns

GSTR - 1

The GST Act requires all individuals to file Form GSTR-1 within 10 days of the end of the month, in which details of all the goods and services supplied by them are filled.

But, if your turnover is less than 1.5 crore, then you can take the option to file GSTR 1 Quarterly. In the case of turnover of less than 1.5 crores, GSTR 1 quarter has to be filed within 10 days after the end.

Outward supplies contain details of invoices, debit notes, credit notes issued by the supplier, and revised invoices.

The input service distributor, Non-Resident, registered person in the composition scheme, for deducting TDS and E-commerce operator who is Liable to collect TCS, do not have to file GSTR-1. That is, they have been exempted from filing GSTR-1.

On filing GSTR 1 after DUE DATE, a penalty has been provided in the GST Act, which will be levied at Rs 20 per day (in case of NIL RETURN) and RS 50 per day (in case other than NIL RETURN).

GSTR-1 is electronically filed.

The details of Outward supplies are filled by the supplier in GSTR-1 and the recipient of Goods and Services in the detailed form GSTR-2A (Normal Scheme), GSTR-4A (Composition Scheme), GSTR-6A (Input Service Distributor) Receives The details received by the recipient can be modified, added, deletion by him.

After receiving, modifying, addition, deletion of the details received by the recipient, the details are received by the supplier in Form GSTR - 1A, which can be accepted or rejected by the supplier. After acceptance and rejection by the supplier, the GSTR-1 previously filled by him is also amended.

The GSTR-1A details must be accepted and rejected by the supplier after the 15th day but before the 17th day.

GSTR - 2

The details of the goods and services received by the person registered in the GST Act are purchased in GSTR-2.

In GSTR-2, details of the supplies are also filled in which GST was paid by him on a reverse charge basis. In GSTR-2, the details of Payable IGST and the debit note and credit note issued by the supplier (which is related to the tax period) are also filled as per the Receiver Custom Tariff Act.

But debit notes and credit notes should be received after 10th but not before 15th.

The input service distributor, the Non-Resident, registered the person in the composition scheme, for deducting TDS, and the E-commerce operator who is Liable to collect TCS, does not have to file GSTR-1.

GSTR - 2 is filed electronically and filled within 15 days of the end of the month.

The details received by the supplier in Form GSTR-2A are automatically taken in GSTR-2, which can be modified, added, deletion by the supplier.

GSTR -3B

GSTR 3B has been introduced in the initial phase of GST. This is a summary return that will be filed by the person registering in the normal scheme of GST. This return will be filled every month.

It is necessary to file it within 20 days after the end of the month, otherwise, a penalty will be imposed. GSTR 3B will be charged Rs 20 per day (in case of nil return) and Rs 50 per day (in case other than nil return) on late filing.

Composition dealer, input service distributor, supplier of OIDAR service exempted from filing GSTR 3B.

CMP 08

Form CMP 08 will be filled for each quarter by a registered person in the composition scheme. In CMP 08, Goods, and Services inward supplies, tax payable, and paid tax details are filled.

CMP 08 will be filled within 18 days after the end of the quarter. The details of CMP 08 will be automatic in this return.

The nil return will be filed in case of no transaction in any quarter.

GSTR - 5

Form GSTR-5 will be filled by Non-Resident. Form GSTR by a non-resident shall be filed within 20 days of the expiry of 5 months or within 7 days of the last date of registration, whichever is earlier.

If no transaction has been done by a non-resident in a month, it is not necessary to file any return for that month.

GSTR - 6

The GSTR-6 input service will be filled by the distributor within 13 days of the end of the month. In case of no transaction in any month, it is necessary to file the return for that month

GSTR - 7

GSTR Act will be filled by Liable Person (Tax Deductor) within 10 days of the expiry of 7 months for deducting TDS under the GST Act. The number of TDS deducted by the registered person should be deposited in the government account before the last date of the GST return.

GSTR - 8

Every e-commerce operator registered under the GST Act will file a return in Form GSTR-8 within 10 days of the end of the month. The details of the supplied and collected TCS in GSTR-8 are filled by the e-commerce operator.

If no transaction has been done by the e-commerce operator in any month, then no return will be filed for that month.

GSTR - 9 or 9 A

It is mandatory for all persons registered under the GST Act to file Annual Returns except for Liable Person for Input Service Distributor, Non-Resident, TDS or TCS.

Annual returns can be filled by December 31 after the end of the financial year.

The annual return will be filled in Form 9 by a registered person in the normal scheme and in Form 9 A by the registered person in composition scheme.

GSTR -10

Every registered person who is required to file a return in section 39 and whose registration has been canceled will file a final return in Form GSTR-10. The final return date of cancel or date of cancel order, whichever is later, will be filled within 3 months.

GSTR - 11

Form GSTR-11 will be filled by each person like a unique identification number (UIN) that has been issued. GSTR-11 will be filled within 28 days after the end of the month. 

If you need any help for filling GSTR9 or GSTR9C and Get your GST Registration in Rajasthan & GST Registration in Jaipur to feel free to contact us online GST Annual Return or you can call us +91-8690746268 our business advisor can clear your doubt shortly.