GST Return Filing ~ GST Tax Filing

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GST Returns

India Tax Helphelps you file all three monthly returns plus the annual return at the lowest price in India. Our experts will collect, assess and file all your details with the least amount of hassle and ensure that your GST Return Filings are filed on time.



What is a GST Return?

A GST return is a document that a taxpayer is required to file as per the law with the tax administrative authorities. Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return.



Key Dates for GST Filing

The following table explains the type of return as well as the due date by which the returns have to be filed:

Returns to be Filed by Regular Businesses

Return Form Particulars Interval Due Date
GSTR-1 Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019 (Taxpayers whose turnover is more than Rs. 1.5 Crores in previous year) Monthly 11th of the next month
GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Monthly 15th of the next month
(Suspended currently)
GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. Monthly 20th of the next month
GSTR-9 Annual Return Annually 31st December of next financial year
GSTR-3B Return for the months of up to March 2019 Monthly 20th of the next month

Taxpayers whose turnover was less than Rs. 1.5 Crores in the previous financial year has the option to file a quarterly GSTR-1 by end of the next month affected July 2018 to March 2019.


After Incorporation

Every company should ensure the following within 1-year :

  • Not less than 200 members
  • Net Owned Funds of 10 lakh rupees or more
  • Unencumbered term deposits of not less than 10% of the outstanding deposits
  • Ratio of Net Owned Funds to deposits shouldn't exceed 1:20

Returns to be Filed by Dealers opting for composition scheme

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

Return Form Particulars Interval Due Date
GSTR-4 Return for compounding taxable person Quarterly 18th of the month succeeding quarter
GSTR-9A Annual Return Monthly 31st December of next financial year

Returns to be filed by certain specific registered dealers

Return Form Particulars Interval Due Date
GSTR-5 Return for Non-Resident foreign taxable person Monthly 20th of the next month
GSTR-5A Return for Non-resident persons providing OIDAR services Monthly 20th of the next month
GSTR-6 Return for Input Service Distributor Monthly 13th of the next month
GSTR-7 Return for authorities deducting tax at source. Monthly 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected Monthly 10th of the next month
GSTR-10 Final Return Once. When 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 refund Monthly 28th of the month following the month for which statement is filed

Time Limits Allowed to Rectify Errors or Omissions

GSTR 1 & GSTR 2: Earlier of the Two Dates:

  • Furnishing of the returns under section 39 for the month of September following the end of the financial year to which such details pertain
  • Furnishing of the relevant annual return

GSTR 3, GSTR 5, GSTR 6 & GSTR 7: Earlier of the Two Dates:

  • Due date for Furnishing of return for the month of September, following the end of the financial year to which such details pertain.
  • Actual Date of Furnishing of the relevant annual return.

GSTR 4: Earlier of the Two Dates:

  • Due date for Furnishing of return for the Second Quarter, following the end of the financial year to which such details pertain.
  • Actual Date of Furnishing of the relevant annual return

GSTR 9/9A: NA

Late filing

Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return.

  • You cannot file a return if you don’t file previous month/quarter’s return. This leads to a backlog and gaps in your filing patterns which will attract heavy penalties.

Late fee & Interest

  • Interest is 18% per annum. It has to be calculated by the tax payer on the amount of outstanding tax to be paid. Time period will be from the next day of filing to the date of payment.
  • As per GST Act Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000.

FAQ's

A) There are 11 types of returns under the GST.

  • GSTR-1: monthly return for outward supplies
  • GSTR-2: monthly return for inward supplies
  • GSTR-3: monthly return containing details from other monthly returns filed by the taxpayer (GSTR-1, GSTR-2, GSTR-6, GSTR-7)
  • GSTR-4: quarterly return
  • GSTR-5: variable return to be filed by Non-Resident Taxpayers
  • GSTR-6: monthly return to be filed by input service distributors
  • GSTR-7: monthly return to be filed for Tax Deducted at Source (TDS) transactions
  • GSTR-8: monthly return to be filed by e-commerce operators
  • GSTR-9: annual return
  • GSTR-10: final return to be filed when terminating business activities permanently
  • GSTR-11: to be filed by taxpayers with a Unique Identity Number (UIN)
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