What are the returns to be filed under GST?

Under GST, a regular taxpayer needs to furnish monthly returns and one annual return. There are separate returns for a taxpayer registered under the composition scheme, nonresident taxpayer, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS) and a person granted Unique Identification Number. Taxpayers are required to file GST returns depending on the activities they undertake. All the GST returns are to be filed online.

GST Returns

Following table lists the various types of  GST returns under GST law:

Return Description Who Files? Date for filing
GSTR-1 Monthly Statement of Outward supplies of Goods or Services Registered Person 10th of the next month
GSTR-2 Monthly Statement of Inward supplies of Goods or Services Registered Person 15th of the next month
GSTR-3 Monthly Return for a normal taxpayer Registered Person 20th of the next month
GSTR-3B Monthly Return Registered Person 20th of the next month, till December 2017
GSTR-4 Quarterly Return

 

Taxable Person opting for Composition Levy 18th of the month

succeeding the quarter

GSTR-5 Monthly Return for a non-resident taxpayer Non-resident Taxpayer 20th of the month

succeeding the tax period & within 7 days after expiry of registration

GSTR-6 Monthly Return for an Input Service

Distributor (ISD)

Input Service Distributor 13th of the next month
GSTR-7 Monthly Return for

Authorities deducting tax at source

Tax Deductor 10th of the next month
GSTR-8 Monthly Statement for E-Commerce Operator depicting supplies effecting through it E-Commerce Operator 10th of the next month
GSTR-9 Annual Return

 

 

Registered Person other than an ISD, TDS/TCS Taxpayer, Casual ] Taxable Person and Non-resident Taxpayer 31st December of next Financial Year
GSTR-10 Final Return

 

 

Taxable Person whose registration has been surrendered or cancelled Within three months of the date of cancellation or date of order of cancellation, whichever is later.
GSTR-11 Details of inward supplies Person having UIN and claiming refund 28th of the month following the month for which statement is filed

The GST Council, in its 22nd meeting held at New Delhi on 6th October 2017, has recommended that,

  • For small and medium businesses with annual aggregate turnover up to Rs. 1.5 crores, it has been decided that such taxpayers shall be required to file quarterly returns in FORM GSTR-1,2 & 3 and pay taxes only on a quarterly basis, starting from the third quarter of this financial year i.e.October-December, 2017

Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017

  • Filing of return in Form GSTR-3B along with payment of tax by 20th of the succeeding month shall continue till March, 2018;
  • Taxpayers with annual aggregate turnover upto Rs. 1.5 crores need to file GSTR-1 on quarterly basis as per following frequency:
Period Due Dates
July 2017 to September 2017 December 31, 2017
October 2017 to December 2017 February 15, 2018
January 2018 to March 2018 April 30, 2018
  • Taxpayers with annual aggregate turnover more than INR 1.5 crores need to file GSTR-1 on monthly basis as per following frequency:
Period Due Dates
July 2017 to October 2017 December 31, 2017
November 2017 January 10, 2018
December 2017 February 10, 2018
January 2018 March 10, 2018
February 2018 April10, 2018
March 2018 May 10, 2018
  • The time period for filing GSTR-2 and GSTR-3 for the months of July 2017 to March 2018 would be worked out by a Committee of Officers and shall be informed in due course;
  • Filing of GSTR-1 will continue for the entire period without requiring filing of GSTR-2 & GSTR-3 as per the due dates mentioned above;
  • Filing of GST ITC-04 for the quarter July-September, 2017 has been extended till December 31, 2017;
  • Filing of GSTR-4 for the quarter July-September, 2017 has been extended till December 24, 2017;
  • Filing of GSTR-5 for July, 2017 has been extended till December 11, 2017;
  • Filing of GSTR-5A for July, 2017 has been extended till December 15, 2017;
  • Return for Input Service Distributor in Form GSTR-6 for July, 2017 has been extended till December 31, 2017;
  • Filing of Form TRAN-1 has been extended till December 31, 2017. One-time option of revision also to be given till this date;

Revised due dates for filing the various GST returns/ forms for the subsequent tax periods will be announced in due course. Relevant notifications for all of the above decisions will be issued shorty, so as to be effective from 15.11.2017

Visit our website https://www.reachaccountant.com for  more articles on GST.

Check GST Common portal for information https://cbec-gst.gov.in/

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