GST Return is mandatory to be filed by all entities who have registered themselves under Goods and Services Tax. GST being the latest tax regime in India, implemented from 1st July, 2017. Return filing for even a dormant business is mandatory if already registered under GST.
Under GST regime, monthly, quarterly returns and annual return is required to be filed. Composition Dealers and entities having turnover upto 1.5 crores are required to file quarterly return. Whereas, entities having Turnover > 1.5 crores are required to file GST return on monthly basis. Online GST return can be only filed, though return can be prepared offline or online.
Busibells can help in getting GST Registration and manage regular compliances under GST.
Types of GST Returns
Types of GST Return
GSTR-1 – Return having details of all outward supplies of goods and services must be filed by registered supplier. The due date to file GSTR 1 is 10th of the next month.
GSTR-2 – Return having details of all inward supplies of goods and services must be filed by registered supplier. The due date to file GSTR 2 is 15th of the next month.
GSTR-3 – Information provided in GSTR 1 & GSTR 2 will auto- populate in GSTR 3, with all tax payments furnished in GSTR 1 & GSTR 2. The form is required to be filed on monthly basis latest by 20th of the following month.
GSTR-4 – Registered taxpayers under Composition Scheme must file the details of outward supplies, tax payable and payment of tax in this return on quarterly basis. The due date to file this form is 18th of the month following the quarter.
GSTR-5 –Non- Resident taxable persons are required to file this form mentioning the details of all outward supplies, imports, input tax, etc. Due date to file this return is 20th of next month.
GSTR-6 –Input service distributors are required to file this form latest by 13th of following month.
GSTR-7 – Taxpayers required to deduct TDS under GST (only Central Government agencies are allowed to deduct TDS after registration). Due date to file this form is 10th of the following month.
GSTR-8 – This return must be filed by e-commerce operators who are required to collect tax at source. The GSTR-8 has to be filed by 10th of every month.
GSTR-9 - Annual return must be filed by all the registered persons under GST latest by 31st December. Entities having Turnover more than Rs. 2 cr are required to submit audited details under GSTR 9.
GSTR-10 – Return has to be filed by taxable person whose registration has been surrendered or cancelled. It must be filed within 3 months from the date of cancellation or surrender whichever is later.
GSTR-11 – Entities having Unique Identification Number (allotted to Embassies, Consulates, UN Bodies) must be filed by 28th of the following month.
GSTR-3B – Monthly return to filed by all the entities containing details of only the taxable value of supplies, input tax credit, tax payment. GSTR-3B must be filed by 20th of the following month.
Package Deals on Offering
- GST Return with less than 200 transactions on Monthly basis
- GST Return for six months with less than 400 transactions
- GST Return for twelve months with less than 800 transactions in all