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GST Return Filling is a critical activity that acts as a link between the government and the taxpayer. As per the GST law, every individual or entity registered under the GST Act has to furnish the details of sales, purchases, and the tax paid by filing form GST returns with the administrative authorities. Once the GST Registration is done, it is the responsibility of the taxpayer to file the GST Return. While filing the GST return, the taxpayer has to provide all the requisite information related to the business and transactions, tax declaration, and payments.GST Return Filing is deemed to be filed electronically that helps the taxpayer in preparing the offline GST return and then upload it on GSTN through the facilitation center.
GST Return Filing is a mandatory compliance for every business that is registered under the GST Act/regime.
Under GST (Goods and Services tax), filing the GST returns is a crucial activity that works as a link between the government and the taxpayer.
While filing the return, the taxpayer has to provide the information such as the details of the business activity, payment of taxes, declaration of tax liability, and other information as required by the government.
GST returns are supposed to be filed electronically, i.e. on the GST portal. However, there’s a facility where one can also file GST returns manually.
Such returns are prepared offline and then uploaded to GSTIN portal either through the taxpayer or a facilitation centre.
Every GST registration holder who is taxable under the GST Act, 2017, are required to file GST returns as based on the nature of their business.
Therefore, whether you are engaged in the selling of goods or render services to others, you must obtain GST registration and file the returns periodically.
As per the GST law, every dealer (whether composition/regular) registered under GST has to file its return electronically on the GST portal. A GST Return is a document that mentions all details related to GST purchases and Input Tax Credit taken thereon and sales made and output tax payable thereon for a specified period. Registered dealers are required to file GSTR-3B on monthly basis and also file GSTR-1 on monthly or quarterly basis
Different Types of GST Returns
|
Return Form |
Details |
Frequency |
Due date of filing |
|
GSTR-1 |
Details of outward supplies of taxable goods and services to be filed by all entities except Input Service Distributor and Composition taxpayer. Even ‘Nil’ filing is compulsory. |
Monthly/Quarterly |
|
|
GSTR-2 |
Details of inward supplies of taxable goods and/or services and input tax credit |
Monthly |
Filing of GSTR-2 has been Suspended |
|
GSTR-2A |
Details of all the inward supplies of goods/services from registered dealers. |
N.A. |
Auto-populated from the GSTR-1 filed by suppliers. It is read only & non-editable. |
|
GSTR-3 |
Monthly return on the basis of finalization of details of outward supplies and inward supplies along with payment of tax |
Monthly |
Filing of GSTR-3 has been suspended |
|
GSTR-3B |
Summarized monthly return of inward and outward supplies, input tax credit and GST payable, effecting payment of tax by taxpayer |
Monthly |
|
|
CMP-08 |
Special statement cum challan to declare the details or summary of self assessed tax payable for a quarter by composition dealer |
Quarterly |
Within 18 days from the end of the relevant quarter |
|
GSTR-4 |
Annual Return for Composition dealers |
Annual |
By 30th April following the end of the financial year |
|
GSTR-5 |
Details of all inward and outward supplies and tax liabilities to be filed by Non Resident or foreign taxable person |
Monthly |
20th of next month |
|
GSTR-5A |
Return to be filed by non-resident taxpayers providing OIDAR services |
Monthly |
20th of next month |
|
GSTR-6 |
Return to be filed by Input Service Distributor |
Monthly |
13th of next month |
|
GSTR-7 |
Return to be filed by entities liable to deduct TDS on inwards supplies |
Monthly |
10th of next month |
|
GSTR-8 |
Return of supplies made through e-commerce platform to be filed by e-commerce operator collecting TCS |
Monthly |
10th of next month |
|
GSTR-9 |
Annual Return to be furnished by a normal taxpayer including OIDAR service providers, SEZ units, SEZ developer etc. |
Annually |
31st December of next financial year |
|
GSTR-9A |
Annual Return for a taxpayer registered under composition scheme |
Annually |
Waived off presently |
|
GSTR-10 |
Final Return to be filed when GST registration is cancelled or surrendered |
Once in life time |
Within 3 months of 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 a refund |
Monthly |
28th of the month following the month for which statement is filed. |
Interest @ 18% p.a. of tax amount is payable if return is not filed in time and tax remains unpaid
Late fee:-
In case of ‘Nil’ Return:- Rs. 20 per day of delay
Other cases:- Rs. 50 per day of delay
If 2 consecutive returns are not filed, e-way bill functionality will not be accessible for defaulting taxpayer
Looking to the hardships faced by the taxpayers, the GST Council has fixed the capping for a maximum late fee payable for delayed filing of GST returns. In case of 'Nil' liability, the late fee shall be maximum Rs. 500 per return. In other cases, the late fee shall be ranging between a maximum amount of Rs. 2000 to Rs. 10,000.
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