Direct Tax Services
Select Your Location
GST Return filing is a document containing all the details of the earned income which a proposed taxpayer needs to file with the tax administrative authorities. This is used by tax administrative to calculate the tax liability. All the registered businesses have to file the monthly, quarterly or annual GST returns based on the nature of the business. In this article, we will tell you about Types of GST Return.
Under GST, a registered dealer has to file the GST Return that includes-
For GST Return, GST compliant sales and GST purchase invoice are required.
Table of Contents
In the GST Return, every regular business has to file 2 monthly returns and one annual return. The total return amounts to 26 return in a year. The quality of the system is that one has to file manually enter the details of one monthly return- GSTR-1. The other return GSTR 3B will get the auto-populated by deriving information from GSTR-1 will be filed by you and your vendors.
There are other separate Types of GST Return required to file in special cases like by a composition dealer.
GST Return filing procedures are quite simple and straightforward. The Registered taxpayers are required to log in on GST Portal with their login credentials. And, once the taxpayer is logged in then click on the return page and file the respective forms by filing the required information and documents. The computed tax liability also needs to pay off at the time of final filing of the returns.
Or you can contact us; we at Enterslice will do all your work with the blink of eyes.
GSTR-1 gives the detail of outward supplies of taxable goods or services affected from July 2018 to March 2019. The GSTR-1 is to be file monthly. The GST Return is filed on 11th of the next month. Details of the outward supplies of the taxable goods or services till June 2018 will be the 10th of the next month. Furthermore, taxpayers whose turnover was less than Rs 1.5 crores in the previous financial year and has the option to file a quarterly GSTR-1 by the end of the next month affected July 2018 to March 2019.
GSTR-2 gives the detail of the inward supplies of taxable goods or services that are claimed the input tax credit. GSTR- 2 contains all the transaction of the registered dealer for a month. It is also implied on the reverse charge mechanism. The GSTR-2 is to be filed monthly on every 15th of the next month. Suspended Now
It gives the detail of the outward supplies and inward supplies along with the payment of the amount of tax. GSTR-3 filed monthly on every 20th of the next month. Suspended Now
It is to be a file for the months up to March 2019. GSTR-3B is filed monthly on every 20th of the next month.
A composition dealer enjoys the benefits of lesser returns and less compliance along with the payment of taxes at very nominal rates. A composition dealer has to file only 2 returns-
It files the return for compounding the taxable person. GSTR-4 is to be filed quarterly on every 18th of month succeeding quarter.
GSTR-9 is to file for an annual return on 31st December of the next financial year.
GSTR-9A is to file for an annual return on 31st December of the next financial year.
GSTR-5 return is filed by non- resident foreign taxable person. GSTR-5 is filed monthly on every 20th of the next month.
GSTR-5A return is filed by a Non- resident person providing OIDAR services. GSTR-5A is filed monthly on every 20th of the next month.
GSTR-6 is filed by Input Service Distributor. GSTR-6 is filed monthly on every 13th of the next month.
GSTR-7 is filed by authorities deducting tax at source. GSTR-7 is filed monthly on 10th of the next month.
GSTR-8 gives the details of supplies effecting through e-commerce operator and the amount of tax collected. GSTR-8 is filed monthly on 10th of the next month.
GSTR-10 is a final return. It is filed once when there is any cancellation or surrender of cancellation.
GSTR-11 gives the detail of inward supplies to be furnished by a person having UIN that claims a refund. It is to be filed monthly on 28th of the month following the month for which is statement is filed.
The due dates for filing all types of GST return could be extended by issuing orders or notifications. The following are the list of upcoming GST return due dates –
For turnover up to Rs 1.5 crores and who opted Quarterly filing –
July to September 2017- 31st October 2018
October to December 2017-31st October 2018
January to March 2018- 31st October 2018
April to June 2018- 31st October 2018
July to September 2018- 31st October 2018
October- December 2018- 31st January 2019
January to March 2019- 30th April 2019
For all the quarters from July 2017 to September 2018 extended till 31st December 2018. The above-mentioned list remains the same for a region like Kodagu, Mahe, and Kerela for the purpose of filing the return and the return will be filed for the quarter July 2018 to September 2018 extended till 15th November 2018.
All quarter from July 2017 to September 2018 extended to December 2018.
For turnover up to Rs 1.5cr/turnover of less than 1.5 cr but they opted Monthly Filing
April 2018- 31st May 2018
May 2018- 10th June 2018
June 2018- 10th July 2018
July 2018- 10th August 2018
August 2018- 10th September 2018
September 2018- 10th October 2018
GSTR-2 and GSTR-3
GSTR-2 and GSTR-3 filing has been suspended now for the time.
The due dates for GSTR-3B have been extended to March 2019. All the businesses have to file GSTR-3B by the 20th of the next month until March 2019. The due date for the September month has been extended to 20th October 2018.
The due date for filing the return for a quarter period of July 2018 to September 2018 is the 18th October 2018.
The Due date for filing GSTR-5 & GSTR-5B return for the month of September 2018 is 20th October 2018. CBEC withdraws the reduction in late fees for only GSTR- 5A charged for the delay in the return filing effects from 7th March 2018.
The due date for filing GSTR-6 for the month from July to August 2018 is extended to 30th September 2018.
If you forgot to file any types of GST Return within the time then you will liable to pay interest and a late fee. The Interest on the late fee is charged at 18% per annum. It has to be calculated by the taxpayer on the outstanding tax. The time period will be the next day of filing the date of payment.
The late fees are Rs 100 per day. So it paid as CGST- Rs 100 and SGST-Rs 100. The total late fees will be around Rs 200 per day. The maximum amount of late fees is Rs 5000.
Well it is known that every registered person is required to file GST-1 irrespective of the factor there were any transactions during the month or not.
However, the following person who is exempt from filing the returns are as-
Every registered person is required to file GST-2 irrespective of the factor there were any transactions during the month or not.
However, the following person who is exempt from filing the GSTR-2 returns are as-
Every registered person is required to file GST-3 irrespective of the factor there were any transactions during the month or not.
However, the following person who is exempt from filing the GSTR-3 returns are as-
Only a taxpayer who have opted or composition scheme has required filing GSTR-4.
However, the following person who is exempt from filing the GSTR-4 returns are as-
Only an Input Service Distributor is liable to file GSTR-6 return.
However, the following person who is exempt from filing the GSTR-6 returns are as-
Once you filed the return then you cannot revise. If in case, you made any mistake then you can rectify it in the next period’s return. It means that if a mistake is made in September GSTR-1, then the rectification for the same could be made in October GSTR-1.
Once you filed the return then you cannot revise. If in case, you made any mistake then you can rectify it in the next month’s GSTR-1 and GSTR-2 returns. Direct revision in GSTR-3 Is not feasible as GSTR-3 are auto-generated without the provision for editing.
GSTR-4cannot revised after filing on the GSTN Portal. If in case, you made any mistake then it can be revised in the next month easily. For ex- if you made any mistake in the GSTR-4 filed for the July- September quarter, then rectification for the same could be done when filing the next quarter’s GSTR-4.
There are no provisions under GST for revising GSTR 6. Any mistake made in the return can be corrected later when you file GSTR-6 of the following month.
GSTR-7 is to file then cannot revise. If in case you made any mistake in return then it can be revised in the next monthly return. It means that if there is any mistake made in October GSTR-7, rectification for the same can be made in November GSTR-7 or in a later month when the error or omission is identified.
GSTR-8 once filed, it cannot be revised. And any mistake in the return could be revised in next month’s return, for example, if a mistake is made in October then the rectification for the same can be done in November filing or in late months the error or omission are identified.
Read our article:Goods Transport Agency under GST- Meaning, Services, GST Rate and Place
Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.
The Reserve Bank of India, in its press release dated June 8, 2023, issued Statement on Develop...
RBI released a developmental and regulatory policy statement on June 8, 2023. The objective of...
Financial Institutions called Asset Reconstruction Companies ("ARCs") reconstruct and securitis...
Any person booked for an offence under the Criminal Procedure Code (CrPc) / the Code would be r...
The Reserve Bank of India regulates Non-Banking Financial Companies in India, and they are subj...
The Reserve Bank of India regulates Non-banking Financial Companies in accordance with the RBI...
Incorporation of a Limited Liability Company (LLC) is an attractive choice for small business o...
The Reserve Bank of India (the Bank) issued Non-Banking Financial Companies Acceptance of Publi...
A few years ago, investing in traditional investment categories like shares, bonds, real estate...
Compared to other organisations, the corporate governance of Non-Banking Financial Companies is...
Are you human?: 8 + 6 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
We have already discussed the appeal provisions under Central Goods and Service Tax Act, 2017 in our prev...
19 Jul, 2017
Input Tax Credit on Job Work sector is the significant sector in the Indian Economy. It includes outsourced activit...
08 Sep, 2017
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!