GSt Return Forms, Different types of GST Return in India, Ebizfiling, GST annual Filing, GST registration

GST return forms- Different types of GST returns in India

GST return forms- Different types of GST returns in India

What is GST (Goods and Service Tax)?

The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is indirect tax paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government via various GST Return Filing.

What is the GST return?

GST returns are the tax return forms that are required to be filed by different entities with the Income Tax authorities of India.

GST Return Form is a document containing details of all purchases, sales, output GST (on sales) and input tax credit (GST paid on purchases) to calculate an assessee’s GST liability for a particular tax period. 

Currently GST returns can be filed either on monthly, quarterly or annually depending on various applicable factors and on the basis of that there are different forms of GST returns. Types of GST return forms can be classified as follows:

1. GSTR 1

GSTR 1 is the record of all sales. Under this form, the suppliers will have to report their outward supplies during the reporting month. According to the norm, all the registered taxable persons are required to file the same by the 11th of the following month.

Who should file form GSTR 1?

  • All the registered taxpayers
  • GSTR 1 is to be filed monthly
  • However, if the taxpayer’s aggregated turnover is above INR 1.5 crores then he can file the same on quarterly basis.

GSTR 1 Due date: 11th of the next month on Monthly basis.

Suggested read: GSTR1 Late fees made applicable since 17.01.2020

2. GSTR 2

The Form GSTR-2 is a statement in which a regular dealer needs to capture all the inward supplies made during the month. Broadly, all the inward supplies from registered businesses including the supplies on which tax needs to be paid on reverse charge are required to be captured at the invoice level. 

In addition to inward supplies, you also need to declare the details of advances paid on supplies liable for reverse charge, and the advance amount on which tax was paid in the earlier return period but the invoice has been received in the current reporting period.

 

Note that The GST Council in its 23rd meeting had suspended GSTR-2, a purchase return because of the complex form structure.

3. GSTR 2A

GSTR-2A is an auto-populated statement in which the visibility of all the inward supplies reported by your supplier in GSTR-1, is made available to the recipient. The details will be made available on submission of the return in the Portal. Apart from the details of GSTR-1, the details from GSTR-5 (Supplies from Non-resident Taxable person), GSTR-6 (ISD), GSTR-7 (TDS Deductor) and GSTR-8 (TCS collected by e-commerce operator) will also be auto-populated.

Who should file the GSTR 2A form?

It is an auto-populated form. 

4. GSTR 3

GSTR-3 is a consolidated monthly return which contains details of tax liability along with the tax collected on outward supplies and tax paid on inward supplies by registered person. It is an auto-populated process through GSTR-1 and GSTR-2 of the registered person. There is minimal manual intervention and the system itself would be updating records.

 

Note that The GST Council in its 23rd meeting had suspended GSTR-3, input-output return, because of the complex form structure.

5. GSTR 3B

GSTR-3B is a monthly self-declaration that has to be filed by a registered dealer. It is a simplified summary return of inward and outward supplies and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner.

Who should file form GSTR 3?

Every person who has registered for GST must file the return GSTR-3B including Nil returns.

GSTR 3B Due date: all businesses with 5 crore or more sales- the due date would be 20th day of every month. For taxpayers with lesser sales-the due date would be the 22nd or the 24th day of the month depending on which state they are from.

Read in Detail: New due dates for GSTR-3B returns in a staggered manner.

 

File your GSTR 3B returns with Ebizfiling now

5. GSTR 4 / Form GST CMP 08

GSTR-4 is a document that needs to be filed once every 3 months by registered taxpayers who have signed up for the composition scheme (they are known as composition vendors). The Composition Scheme is a scheme in which taxpayers with turnover up to Rs.1.5 crores can opt into and pay taxes at a fixed rate on the turnover declared. Earlier GSTR 4 now is replaced with Form GST CMP 08. CMP-08 is a statement cum challan which seeks information about outward supplies and inward supplies including the taxes paid on such outward supplies and imports along with interest payable.

 

CMP-08 is a welcome move which was initiated in April 2019. The CMP-08 return is to be filed on a quarterly basis.

Who should file form CMP-08 (GSTR 4)?

Taxpayers who have opted for composition scheme

Due date for CMP 08 form filing: 18th of the month succeeding quarter on quarterly basis.

6. GSTR 5

The GSTR-5 form is a monthly return form required to be furnished by every registered non-resident taxable person at the GST Portal. Non-resident taxable persons are those suppliers, who do not have a business establishment in India and have come to India for a short period of time to make supplies.

Who should file form GSTR 5?

Every non-resident registered taxpayer

GSTR 5 Due date: 20th of next month on Monthly basis.

7. GSTR 6

The Goods and Services Tax Return 6 is a document/statement that has to be filed every month by organizations who are also Input Service Distributors. This return must contain the details of inward supplies received/purchases made from other registered taxpayers (B2B) and the details of input tax credit that was distributed among the branches of the organization.

Who should file form GSTR 6?

By every Input Service distributor

GSTR 6 Due date: 13th of next month on Monthly basis.

8. GSTR 7

GSTR 7 is a document or statement that is filed by those taxpayers who deduct tax while making payments to vendors/suppliers towards the inward supplies received. This return must contain the details of those transactions where TDS was deducted along with the complete details of your suppliers.

Who should file from GSTR 7?

Every registered taxpayer who deduct tax while making payments.

GSTR 7 Due date: 10th of next month on a Monthly basis.

9. GSTR 8

GSTR 8 is a statement that must be filed by e-commerce operators every month. It must contain the details of supplies made to customers through the taxpayer’s e-commerce portal by both registered taxable persons and unregistered persons, customers’ basic information, the amount of tax collected at source(TCS) , tax payable, and tax paid.

Who should file form GSTR 8?

By e-commerce operators

GSTR 8 Due date: 10th of next month on Monthly basis.

10. GSTR 9

All the taxpayers registered under GST are required to file their annual return in a particular form. That form is called the GSTR 9. GSTR-9 consists of details about the supplies made and received during the year under different tax heads i.e., CGST, SGST, and IGST. It consolidates the information furnished in the monthly/quarterly returns during the particular year. Non compliance of law has always been strictly adhered to by the tax department, the same goes on with GSTR 9. Not filing GSTR 9 or filing it after due date can result in a heavy cost for the taxpayer.

 

The due date to file the GSTR-9 is 31st Dec of the preceding year. For example, 31st December 2018 for the FY 2017-18.

Who should file from GSTR 9?

To be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3, and GSTR 3B during the financial year.

GSTR 9 Due date: 31st December of next financial year Annually.

11. GSTR 9A

GSTR-9A is a simplified annual return filed by business owners who have opted for the composition scheme under the GST regime. This return includes all the quarterly returns filed by the compounding dealers in that financial year.

Who should file form GSTR 9A?

The Taxpayers who have opted for composition scheme.

GSTR 9A Due date: 31st December of next financial year Annually.

12. GSTR 9B

GSTR-9B is the summary of details filed in GSTR-8 by taxpayers registered as E-commerce operators under GST.

Who should file GSTR 9B?

To be filed by Electronic Commerce Operator

13. GSTR 9C

GSTR 9C is a statement of reconciliation between the Annual returns filed in GSTR 9 for a financial year and the figures as per the audited annual Financial Statements of the taxpayer. GSTR-9C is a return form required to be filed by registered taxpayers in case the aggregate turnover is more than Rs.2 crores. In this case, the taxpayer has to also submit a copy of audited annual accounts and reconciliation statements, reconciling the value of supplies declared in the return furnished for the financial year.

Who should file form GSTR 9C?

  • Registered taxpayers whose aggregated turnover is more than Rs.2 crores.
  • Persons who are required to get their accounts audited under Sec 35 of CGST Act

GSTR 9C due date: 31st December of next financial year

14. GSTR 10

GSTR 10 is different from the Annual GST Return. It is filed only one time and as the last GST return. Any registered taxpayer who opts to cancel their GST registration needs to file this return within three months from the cancellation date or the date on which the cancellation order was passed.

Who should file form GSTR 10?

A taxpayer who wants to cancel GST registration.

GSTR 10 Due date: Within 3 months of the date of cancellation or date of cancellation order, whichever is later after the registration is canceled or surrendered.

15. GSTR 11

The Goods and Services Tax Return 11 is a document/statement that has to be filed by every registered organization/person who are given a Unique Identification Number (UIN) only during the months they purchase items for their own consumption while also getting tax credit/refund on their purchases.

Who should file form GSTR 11?

All persons who are holding a Unique Identity Number (UIN) are required to carry out GSTR-11 return filing.

GSTR 11 Due date: 28th of the month following the month for which statement is filed on a monthly basis

Penalties for late filing of GST returns: 

The GST late filing penalty has been specified as follows:

  • A person fails to furnish details of outward or inward supplies, monthly return or final return by the due date – The GST penalty for late filing is INR 100 for every day during which the failure continues, so subject to a maximum of INR 5,000
  • A person fails to furnish the annual return by the due date – The GST late filing penalty is INR 100 for every day during which the failure continues, subject to a maximum of quarter percent of the person’s turnover in the state where he is registered

Elaborated read: GST Return Late Fees, & Interest on GSTR late payment

Interest on late filing of GST Return:

While, the GST penalty interest rates on the applicable offences is yet to be notified, the GST late payment penalty has been specified as follows:

  • A person liable to pay tax fails to pay the tax – Interest on the tax due will be calculated from the first day on which the tax was due to be paid, as per the rules of GST payment
  • A person makes an undue or excess claim of input tax credit or undue or excess reduction in output tax liability – Interest on the undue excess claim or undue or excess reduction
  • A recipient of a service fails to pay to the supplier of the service the amount towards the value of the service, along with tax payable thereon, within 3 months from the date of issue of invoice by the supplier – Interest on the amount due will be added to the recipient’s liability.

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