GST RETURNS

WHAT IS GST RETURN??

A GST Return is a document that mentions all details related
to GST invoices, payments, and receipts for a specific period.
A taxpayer is liable to declare all transactions related to the
revenue of the business based on which the authorities will
calculate the amount of tax to be paid by the business.
Under GST, a registered dealer has to file GST returns that
broadly include:
1. Purchases
2. Sales
3. Output GST (On sales)
4. Input tax credit (GST paid on purchases)

WHO SHOULD FILE GST RETURNS?

In the GST regime, any regular business having more than
Rs.5 crore as annual aggregate turnover has to file two
monthly returns and one annual return. This amounts to 26
returns in a year.
The number of GSTR filings vary for quarterly GSTR-1 filers
under QRMP scheme. The number of GSTR filings online for
them is 9 in a year, including the GSTR-3B and annual return.
There are separate returns required to be filed by special
cases such as composition dealers whose number of GSTR
filings is 5 in a year.
 TYPES OF GST RETURN:

RETURN WHO SHOULD FILE THE FREQUENCY DUE DATE FOR

FORM RETURN AND WHAT
SHOULD BE FILED.
GSTR-1 Registered taxable supplier should
file details of outward supplies of
taxable goods and services as
effected.
GSTR-3B Simple return in which summary of
outward supplies along with input
tax credit is declared and payment of
tax is affected by the taxpayer.
FILING
Monthly 11th of the subsequent
month.
Monthly 20th of every month if the
annual turnover in previous FY
is >> Rs.5 crore
QUARTERLY If the annual turnover in
previous FY is << Rs.5 crore
then the due date is 22nd or
24th of the month following
every quarter, as per the
State/UT of the principal
place of business.

GSTR-4 Composition supplier should file QUARTERLY 30th of April following the
quarterly return. relevant financial year.
GSTR-5 Return for non-resident taxable Monthly 20th of the subsequent
person. month.
GSTR-6 Return for input service distributor. Monthly 13th of the subsequent
month.
GSTR-7 Return for authorities carrying out Monthly 10th of the subsequent
tax deduction at source. month.
GSTR-8 E-commerce operator or tax Monthly 10th of the subsequent
collector should file details of month.
supplies effected and the amount of
tax collected.
GSTR-9 Registered taxable person should file ANNUALY 31st march annually.
annual return.
GSTR-9C Certified reconciliation statement ANNUALU 31st march of next financial
year.
GSTR-10 Registered taxable person should file Once, after the Within 3 months of date of
annual return. registration of GST is cancellation or date of
cancelled. cancellation order,
whichever is later.
GSTR-11 Person having UIN claiming refund Monthly 28th of the month following
should file details of inward supplies. the month in which inward
supply is received by the
UIN holders.
** There are 22 types of GST returns prescribed under the GST Rules.
Out of them, only 11 GST returns are active, 3 suspended, and 8 view-
only in nature. This article will provide more details for you.

Various Kinds of GSTR Forms with Explanation

GST returns can be filed using different forms depending

on the type of transaction and registration of the
taxpayer. Return forms for normal taxpayers are:

GSTR 1
GSTR-1 is a monthly or quarterly return that should be
filed by every registered GST taxpayer, except a few as
given in further sections. It contains details of all
outward supplies i.e sales.
Every registered person is required to file GSTR-1
irrespective of whether there are any transactions
during the period or not. For nil GSTR-1 filers, there is a
facility to file through an SMS that began from the 1st
week of July 2020.
The due dates for GSTR-1 are based on your turnover.
Businesses with sales of up to Rs.5 crore have an option
to file quarterly returns under the QRMP scheme and
are due by 13th of the month following the relevant
quarter.
Whereas, those taxpayers who do not opt for the QRMP
scheme or have total turnover above Rs.5 crore must
file the return every month on or before 11th of the
next month.
GSTR – 3B
GSTR-3B is a monthly summary return filed by a taxpayer by
the 20th of the next month or 22nd/24th of month following a
quarter. GSTR-3B discloses supplies made during the month
along with GST to be paid, input tax credit claimed, purchases
on which reverse charge is applicable, etc., and also makes a
provision for the payment of taxes, if any, for the relevant
month.
Every person who is registered under GST must file GSTR-3B.
However, the following registrants do not have to file GSTR-3B
1. Taxpayers registered under the Composition Scheme
2. Input service distributors
3. Non-resident suppliers of OIDAR service
4. Non-resident taxable persons
DUE DATE :
 Up to December 2019: The due date is 20th of the subsequent
month’
 January 2020 onwards: The due dates have been staggered.
 Taxpayers opting for the QRMP scheme from 1st January
2021: The due date is 22nd or 24th of the month following
every quarter, as per the State/UT of the principal place of
business*.
 22nd of month following every quarter (Category X): Chhattisgarh,
Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala,
Tamil Nadu, Telangana or Andhra Pradesh or the Union Territories of
Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman
and Nicobar Islands and Lakshadweep.
 24th of month following every quarter (Category Y): Himachal
Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh,
 Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram,
Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the
Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and
New Delhi.

GSTR 4
GSTR-4 is a GST Return that has to be filed by a
composition dealer. Unlike a normal taxpayer who
needs to furnish 3 monthly returns, a dealer opting for
the composition scheme is required to furnish only 1
return which is GSTR 4 once in a year by 30th of April,
following a financial year.
A taxpayer opting for the Composition Scheme is
required to file GSTR-4. It also covers the special
composition scheme notified for the service providers
vide the CGST (Rate) notification number 2/2019 dated
7th March 2020 with effect from FY 2019-20.
The due date for filing GSTR 4 is 30th of April following
the relevant financial year.

GSTR 5
Every registered non-resident taxable person is required
to furnish a return in GSTR-5 in GST Portal.
It will contain all business details for non-resident (NR)
including the details of sales & purchases. Information
from GSTR-5 will flow into GSTR-2 of buyers.
f GSTR-5 return is not filed then the next month’s return
cannot be filed. Hence, late filing of GST return will have
a cascading effect leading to heavy fines and penalty.
Due date to file GSTR-5 is every 20th of next month. For
instance, the return of September 2018 will be due on
20th October 2018.
GSTR 6
GSTR 6 is a monthly return that has to be filed by an
Input Service Distributor. It contains details of ITC
received by an Input Service Distributor and distribution
of ITC. There are a total of 11 sections in this return.
GSTR 6 contains details of all the documents issued for
distribution of Input Tax Credit and the manner of
distribution of credit and tax invoice on which credit is
received. GSTR 6 has to be filed by every ISD even if it is
a nil return.
GSTR 6 has to be filed by every Input Service Distributor.
The due date for filing of GSTR 6 as per GST Act is 13th
of next month.

GSTR 7
GSTR-7 is a return to be filed by the person who is
required to deduct TDS under GST. GSTR-7 contains TDS
deducted, TDS liability payable and paid, TDS refund
claimed, etc.
GSTR-7 shows the details of TDS deducted, amount of
TDS paid and payable, any refund of TDS claimed. The
deductee (the person on whose name TDS has been
deducted) can claim such TDS as the Input Tax Credit
(ITC) and utilize it to pay the output tax liability.
The filing of GSTR-7 for a month is due on the 10th of
the following month. For instance, the due date of filing
GSTR-7 for October is 10th November.

GSTR 8
GSTR-8 is a return to be filed by the e-commerce
operators who are required to deduct TCS (Tax collected
at source) under GST. GSTR-8 contains the details of
supplies effected through e-commerce platform and
amount of TCS collected on such supplies.
Every e-commerce operator registered under GST is
required to file GSTR-8. E-commerce operator has been
defined under GST Act as any person who owns or
manages a digital or electronic facility or platform for
electronic commerce such as Amazon etc. All such e-
commerce operators are mandatory required to obtain
GST registration as well as registered for TCS (Tax
collection at source).
GSTR-8 filing for a month is due on 10th of the following
month.

GSTR 9
It is an annual return to be filed by all registered
taxpayers under GST irrespective of the turnover of an
entity. The return consists of details such as
inward/outward supplies, taxes paid, refund claimed,
demand raised and ITC availed by the taxpayer. All
registered taxpayers are required to file GSTR-9 except :
Casual taxpayers
Input Service Distributors
Non-resident taxpayers
Taxpayers deducting/collecting tax at source under
Section 51 or Section 52
The due date of GSTR-9 is 31st march annually.

GSTR 9C
Every registered person whose turnover during a financial year
exceeds the prescribed limit of rupees two crores shall get his
accounts audited by a chartered accountant or a cost
accountant.
GSTR-9C is a statement of reconciliation between:
the Annual Returns in GSTR-9 filed for a FY, and
the figures as per the audited annual Financial Statements of
the taxpayer.
It can be considered to be similar to that of a tax audit report
furnished under the Income-tax act. It will consist of gross and
taxable turnover as per the Books reconciled with the
respective figures as per the consolidation of all the GST
returns for an FY.
GSTR-9C must be prepared and certified by a Chartered
Accountant or Cost Accountant. It must be filed on the GST
portal or through a facilitation centre by the taxpayer, along
with other documents such as the copy of the Audited
Accounts and Annual Return in form GSTR-9. This statement is
applicable to all those taxpayers who must get their Annual
Accounts audited under the GST laws.
Due date: GSTR9C is to be filed on 31st march of next financial
year.

GSTR 10
A taxable person whose GST registration is cancelled or
surrendered has to file a return in the form GSTR-10.
This return is called a final return.
GSTR 10 is required to be filed only by the persons
whose registration under GST has been cancelled or
surrendered. The regular persons registered under GST
are not required to file this return.
GSTR 10 must be filed within three months from the
date of cancellation or date of cancellation order
whichever is later. For instance, if the date of
cancellation is 1st April 2021 whereas the cancellation
order was received on 13th April 2021, then the GSTR 10
must be filed by 13th May 2021.
GSTR 11
GSTR-11 is the return to be filed by the persons who has
been issued a Unique Identity Number(UIN) in order to
get refund under GST for the goods and services
purchased by them in India.
GSTR-11 is a return form to be filed by every registered
person who has been issued a Unique Identity Number
(UIN) to get tax credit/refunds under GST for all the
goods/services they purchase in India.
GSTR 11 must be filed by the 28th of the month
following the month in which inward supply is received
by the UIN holders.