GST Return Filing-How To File GST Return Online

5 Min Read

GST Return Filing-How To File GST Return Online

GST Return

Filing GST return under the GST regime is crucial as non-compliance and delay will result in penalties and affect your compliance rating and timely refunds.

What is a Return?

A return is a document containing details of income which a taxpayer is required. To file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.

What is a GST Return?

In a GST return the tax payer will give details of-

  • Purchases
  • Sales
  • Output GST (on sales)
  • Input tax credit (GST paid on purchases)

Under the GST, a normal taxpayer will be required to furnish three returns monthly and one annual return. This amounts to 37 returns in a year!

But the beauty of the entire system is that one has to manually enter details of 1 return every month- GSTR-1. The other returns will automatically derive information from the GSTR-1.

Similarly, there are separate returns for a taxpayer registered under the composition scheme. Taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS).

GST Returns

A normal business will have to file only the following-

  • GSTR-1
  • GSTR-2
  • GSTR-3
  • GSTR-3B (For Jul & Aug 2017 only)

A composition dealer will enjoy the benefits of lesser returns & compliances along with payment of taxes at nominal rates. A composition dealer will file only 2 returns-

  • GSTR-4
  • GSTR-9A

GSTR 3B is a simple return that businesses need to file in the first two months of GST instead of the normal returns. The government has postponed the filing of GSTR 1,2 & 3 for July and August, 2017 in order to give businesses some time to adjust to GST.

  • There is no buyer-seller reconciliation for July & August.
  • Also, there is no late fee or penalty levied for the months of July and August in the case of delayed return filing.
Forms For July 2017 For August 2017
GSTR-3B 20th August 20th September
GSTR-1 1st-5th September 16th-20th September
GSTR-2 6th-10th September 21st– 25th September
GSTR-3 11th– 15th September 26th– 30th September

All Returns under GST

This is a list of all the returns which are required to be filed under the GST Law.

Note: All the returns do not apply to every tax payer. Please click the relevant return to know more about it.

Return Form Details By Whom? By When?
GSTR-1 Details of sales of taxable goods and/or services Registered Taxable Supplier/Seller 10th of the next month
GSTR-2 Details of purchases of taxable goods and/or services claiming input tax credit. Registered Taxable Recipient/Buyer 15th of the next month
GSTR-3 Monthly summary return based on GSTR-1 & GSTR-2 with a summary of monthly sales and purchases along with the payment of amount of tax. Registered Taxable Person 20th of the next month
GSTR-4 Quarterly return for compounding taxable person. Composition Supplier 18th of the month succeeding quarter
GSTR-5 Return for Non-Resident foreign taxable person Non-Resident Taxable Person 20th of the next month
GSTR-6 Return for Input Service Distributor Input Service Distributor 13th of the next month
GSTR-7 Return for authorities deducting tax at source. Tax Deductor 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected E-commerce Operator/Tax Collector 10th of the next month
GSTR-9 Annual Return Registered Taxable Person 31st December of next financial year
GSTR-10 Final Return Taxable person whose registration has been surrendered or cancelled. 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 Person having UIN and claiming refund 28th of the month following the month for which statement is filed

Share This Article
Leave a comment