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Everything you need to Know About GST Returns

by Gaurav Bansal Company Registration Consultants in Delhi

GST return is the document that is required to be filed by the taxpayer with the tax administrative authorities to report their income.  Using the return filed the taxation authorities calculate the tax liabilities of the registered taxpayer. In the returns to be filed the details regarding the Purchases, Sales, Output GST (On sales) and Input tax credit (GST paid on purchases) are required to be provided. With this blog we will discuss everything about the GST returns filing in India.

Types of GST returns and their due date

There are multiple types of GST returns that are required be filed by the different class of taxpayers. Here is the list of the GST returns based on the different types of taxpayers-

For regular taxpayers

GSTR-1 – For giving the details of outward supplies of taxable goods and/or services effected.

Due Date- For the turnover over 1.5 crore the due date is 10th of the relevant month. While if the turnover is up to 1.5 cr the returns are required to be filed on Quarterly basis.

GSTR-2- For giving the details of the inward supplies of taxable goods and/or services effected claiming input tax credit.

Due date- Currently the GSTR-2 and the GSTR 3B are being suspended thus there is no requirement  of filing this return.

GSTR-3- This return is filed based upon the finalization of details of outward supplies and inward supplies along with the payment of amount of tax.

 

Due date- Currently the GSTR-2 and the GSTR 3B are being suspended thus there is no requirement of filing this return.

GSTR-3B- This is the provisional return that is required to be filed for the months of July 2017 to June 2018.

Due date- The date for filing this return has been extended to September 2018 now all the business units are required to file this return by the 20th of next month until Sept 2018. 

GSTR-9- This is the return that is required to be filed on annual basis by the registered taxpayer.

For the taxpayer opting for composition scheme

In comparison to the regular taxpayers there are only 2 returns that are required to be filed by the taxpayers registered under the composition scheme.

GSTR-4 – This is compounding return to be filed on the quarterly basis.

Due date- The due date of filing this return is 18th of the succeeding month from the end of the quarter

GSTR-9 It is the annual return.

Due date- This return is required to be filed by the 31st December f next financial year

GST returns to be filed by other taxpayers.

GSTR-5- This is the return that is required to be filed by the non-resident foreign taxable person.

Due date- The due date for filing this return is the 20th of the next month

GSTR-5A-This is the return that is required to be filed by the Non-resident persons providing OIDAR services.

Due date- The due date for filing this return is the 20th of the next month

GSTR-6 -This return is required to be filed by the input service distributor.

Due dates- This return is required to be filed by the 13th of next month.

GSTR-7- This is the returns required to be filed by the authorities deducting tax at source.

Due date- The due date for filing this return is 10th of the succeeding month

GSTR-8- Through this return thee-commerce operator are required to provide the details of the amount of tax collected.

Due date- The due date for filing this return is 10th of the succeeding month

GSTR-10- This is the final return that is required to be filed when the registration is canceled or surrendered.

Due date- this return must be filed within three months from  the date of cancellation or the date of cancellation order, whichever is later.

GSTR-11- This return is required to be filed by a person having UIN and claiming refund.

Due date- This return is required to be furnished by 28th of the month following the month for which statement is filed

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About Gaurav Bansal Senior   Company Registration Consultants in Delhi

174 connections, 4 recommendations, 874 honor points.
Joined APSense since, February 18th, 2016, From Delhi, India.

Created on Aug 13th 2018 01:02. Viewed 364 times.

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