Select Your Location
GST return is a document containing all details of your sales, purchases, tax collected and paid. GST Return can be filed on monthly or quarterly or annually depending on different factors. In this article we will look at the types of GST returns and their due dates.
Table of Contents
In order to determine which GST return is to be filed by a taxpayer first; we have to figure out the types of taxpayers. The nature of the taxpayer will determine what returns are to be filed by them.
A taxpayer can be:
GST returns have been made easy for taxpayers. GST compliance is important for every business. On-time filing of GST return will determine compliance rating and will help in getting timely refunds.
Every taxpayer whether you are registered as a regular taxpayer or registered under composition scheme or registered as input service distributor or registered as a causal taxpayer or registered as a non-resident or registered as E-commerce aggregator will have to file GST returns on time. Under GST law, the Normal taxpayer has to file three returns in a month. GSTR-1 for Sale, GSTR-2 for Purchase and GSTR-3 as combined details of Sale, purchase and debit credit notes. There is separate GST Return form for each type of taxpayer.
In the table below, we have discussed all types of GST returns, the applicability of GST Returns and the deadline for submission of GST return.
*GSTR-2 and GSTR-3 have been suspended from Sep 2017 onwards.
Return filing is very essential. Late filing of return will have a cascading effect thereby leading to heavy fines and penalties. According to the GST Act, late fee amounts to 100 rupees per day and per Act. The maximum is 5000 rupees.
All the business entities are required to do GST Registration and file their applicable types of GST returns online or offline. In case of any query related to the same, contact Enterslice.
Read our article:
CBDT Clarifies Issues Related to Challenges Regarding Implementation of Provisions of GST Laws Faced by Registered Persons
Ashish M. Shaji has done his graduation in law (BA. LLB) from CCS University. He has keen interests in doing extensive research and writing on legal subjects especially on corporate law. He is a creative thinker and has a great interest in exploring legal subjects.
Every assessee in India is obligated to file an income tax return and make the timely payment o...
In the recent past, India has seen burgeoning demand for internet and smartphones. The rapid ri...
The Securities and Exchange Board of India (SEBI), the capital markets regulator, has recommend...
The objective of the enactment of the Prevention of Money-laundering Act, 2002, i.e. PMLA (the...
Tax planning is a continuing effort and a management strategy for ensuring the minimization of...
On 18th May 2023, the Securities Exchange Board of India (SEBI) released a Consultation Paper o...
Infrastructure and real estate have been regarded as India's "sunshine sector" since the turn o...
On 22nd May 2023, the Central Board of Direct Taxes (CBDT) issued a new circular under secti...
Anyone can have different sources of income. With globalization and the opening up of economies...
The Reserve Bank of India (RBI) is crucial in regulating NBFC, including branch openings and cl...
Are you human?: 2 + 4 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The Comptroller and Auditor General of India (CAG) said that it has been two years since the government’s much-to...
25 Aug, 2019
Through the introduction of the E-way bill under GST, it is expected that the GST collections procedure shall...
30 Jul, 2018
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!