GST Return – What is GST Return? Who Can File, Due Dates & Types of GSTR
All registered businesses have to file monthly or quarterly and an annual GST return based on the type of business. All these GSTR filings are done online on the GST portal.
What is GST Return / GSTR?
A GST return is a document containing details of all income/sales and/or expense/purchase which a taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability.
Under GST, a registered dealer has to file GST returns that broadly include:
- Purchases
- Sales
- Output GST (On sales)
- Input tax credit (GST paid on purchases)
To file GST returns or for GST filing, check out gst.cleartax.in website that allows import of data from various ERP systems such as Tally, Busy, custom excel, to name a few. Moreover, there is option to use desktop app for Tally users to directly upload data and filing.
Who can file GST Returns?
In the GST regime, any regular business having more than Rs.5 crore as annual aggregate turnover has to file two monthly returns and one annual return. This amounts to 26 returns in a year.
The number of GSTR filings vary for quarterly GSTR-1 filers under QRMP scheme. The number of GSTR filings online for them is 9 in a year, including the GSTR-3B and annual return.
There are separate returns required to be filed by special cases such as composition dealers whose number of GSTR filings is 5 in a year.
CompuGST
What are the different types of GST Returns?
Here is a list of all the returns to be filed as prescribed under the GST Law along with the due dates.
GST filings as per the CGST Act subject to changes by CBIC Notifications
| Return Form | Description | Frequency | Due Date | |
|---|---|---|---|---|
| GSTR-1 | Details of outward supplies of taxable goods and/or services affected. | Monthly | 11th* of the next month with effect from October 2018 until September 2020. *Previously, the due date was 10th of the next month. | |
| Quarterly (If opted under the QRMP scheme) | 13th of the month succeeding the quarter. Was end of the month succeeding the quarter until December 2020) | |||
| GSTR-2 Suspended from September 2017 onwards | Details of inward supplies of taxable goods and/or services effected claiming the input tax credit. | Monthly | 15th of the next month. | |
| GSTR-3 Suspended from September 2017 onwards | Monthly return on the basis of finalisation of details of outward supplies and inward supplies along with the payment of tax. | Monthly | 20th of the next month. | |
| GSTR-3B | Simple return in which summary of outward supplies along with input tax credit is declared and payment of tax is affected by the taxpayer. | Monthly | 20th of the next month from the month of January 2021 onwards^ Staggered^^ from the month of January 2020 onwards upto December 2020.* *Previously 20th of the next month for all taxpayers. | |
| Quarterly | 22nd or 24th of the month next to the quarter*** | |||
| ^20th of next month for taxpayers with an aggregate turnover in the previous financial year more than Rs 5 crore or otherwise eligible but still opting out of the QRMP scheme. ^^ 1. 20th of next month for taxpayers with an aggregate turnover in the previous financial year more than Rs 5 crore. 2. For the taxpayers with aggregate turnover equal to or below Rs 5 crore, 22nd of next month for taxpayers in category X states/UTs and 24th of next month for taxpayers in category Y states/UTs ***For the taxpayers with aggregate turnover equal to or below Rs 5 crore, eligible and remain opted into the QRMP scheme, 22nd of month next to the quarter for taxpayers in category X states/UTs and 24th of month next to the quarter for taxpayers in category Y states/UTs
|
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| CMP-08 | Statement-cum-challan to make a tax payment by a taxpayer registered under the composition scheme under section 10 of the CGST Act (supplier of goods) and CGST (Rate) notification no. 02/2019 dated 7th March 2020 (Supplier of services) | Quarterly | 18th of the month succeeding the quarter. | |
| GSTR-4 | Return for a taxpayer registered under the composition scheme under section 10 of the CGST Act (supplier of goods) and CGST (Rate) notification no. 02/2019 dated 7th March 2020 (Supplier of services). | Annually | 30th of the month succeeding a financial year. | |
| GSTR-5 | Return for a non-resident foreign taxable person. | Monthly | 20th of the next month. | |
| GSTR-6 | Return for an input service distributor to distribute the eligible input tax credit to its branches. | Monthly | 13th of the next month. | |
| GSTR-7 | Return for government authorities deducting tax at source (TDS). | Monthly | 10th of the next month. | |
| GSTR-8 | Details of supplies effected through e-commerce operators and the amount of tax collected at source by them. | Monthly | 10th of the next month. | |
| GSTR-9 | Annual return for a normal taxpayer. | Annually | 31st December of next financial year. | |
| GSTR-9A(Suspended) | Annual return optional for filing by a taxpayer registered under the composition levy anytime during the year. | Annually until FY 2017-18 and FY 2018-19 | 31st December of next financial year, only up to FY 2018-19. | |
| GSTR-9C | Certified reconciliation statement | Annually | 31st December of next financial year. | |
| GSTR-10 | Final return to be filed by a taxpayer whose GST registration is cancelled. | Once, when GST registration is cancelled or surrendered. | 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 and claiming a refund | Monthly | 28th of the month following the month for which statement is filed. | |
About GST
Every person registered under the Goods and Services Tax Act, 2017 has to file return. Under the GST law, a normal tax payer needs to file monthly returns and one annual return. Similarly, there are separate returns for tax payers registered under the composition scheme, a non-resident taxable person, tax payer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS).
GSTR-1 (Statement of Outward Supplies)
In GSTR-1, supplies made to the registered dealers as well as unregistered dealers has to be entered. If inter-state sale is made to an un-registered person, where invoice value is more than Rs.2,50,000/-, it has to be separately shown. Consolidated amount of Intra-State supplies made to un-registered persons for each rate of tax, Exempted supplies, Nil rated supplies, Exports (including deemed exports) and non-GST, Advances, if any, received by the dealer and supplies made through e-commerce operator has to be shown separately. The supplier also has to mention the HSN (Harmonized System of Nomenclature) for Goods and SAC (Accounting Code) for Services.
GSTR-2 (Statement of Inward Supplies)
In GSTR-2, the details of inward supplies made from registered persons and unregistered persons has to be entered. Details of debit notes/credit notes issued by the supplier, details of inward supplies attracting reverse charge has to be entered. Details of goods, capital goods and services procured from outside India has to be reported. The details of total eligible input tax credit and input tax credit available in the current tax period has to be disclosed. Supplies received from composition taxable persons, unregistered persons and other exempt/Nil/non-GST supplies has to be reported separately.
GSTR-3 (Complete Return)
Every registered person, other than an Input Service Distributor, a non-resident taxable person, dealers paying tax under composition scheme and persons liable to deduct or collect tax (TDS/TCS) has to furnish a return electronically (the inward and outward supplies of goods or services or both, input tax credit availed, tax payable and tax paid details) on or before 20th of the month succeeding the tax period.
GSTR-4 (Return of a composition dealer)
A composition dealer instead of filing monthly return has to file return for each quarter in GSTR-4 within 18 days after the end of such quarter. In GSTR-4, invoice wise details of inter-state and intra-State supplies received from registered persons as well as unregistered persons, imports of goods and services, consolidated details of outward supplies, consolidated statement of advances paid/advances adjusted on account of receipt of supplies, debit note and credit note received and issued have to be reported.
Process of return filing
When the supplier reports the outward supplies made by him in GSTR-1 and submit
the same, the same will be auto populated in the receiver’s inward supply in GSTR-2.
However the receiver can modify, delete or include data submitted by the supplier
and re-submit the same from 11th to 15th of the month succeeding the said tax
period.
The supplier can either accept the modification, deletion or addition of data
submitted by the recipient or reject the same. He has to do it on or before 17th, but
not before 15th day of the month succeeding the tax period. However, the details
furnished by the supplier and the return filed by the supplier is final.
HSN Code
It is mandatory to report HSN code at two digits level for taxpayers having annual
turnover in the preceding year above Rs.1.50 Crore but upto Rs.5.00 Crore and at four
digits level for taxpayers having annual turnover above Rs.5.00 Crore.
It will be optional for taxpayers having annual turnover less than Rs.1.50 Crore.
GSTR-9 (Annual return)
Every registered person, other than an Input Service Distributor, a TDS/TCS dealer, a casual dealer and a non-resident taxable person has to furnish an annual return for every financial year electronically in form GSTR-9 on or before 31st day of December following the end of such financial year.
Revision of returns
No revised return is permissible under GST. The rectification of error or omission in the return by filing Credit Note/Debit Note can be made before filing the return for the month of September of the next financial year or before filing the relevant annual return, whichever is earlier.
