GST Return Filing-How To File GST Return Online
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-
- 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).
A normal business will have to file only the following-
- 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 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|