GST Returns
GST Returns are required to be mandatory filed to keep GST Registration active. GST Returns are monthly, quarterly and Annual GST Returns.
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All the registered tax payers under GST are required to comply with the provisions of GST Act in order to smooth and economically running of business entity. Thus, all the registered tax payers also required to file required GST Returns on GST Portal before due date in order to avoid late filing fees and interest thereon.
There are various types of GST returns required to be filed by various types of registered tax payers as per the applicability of GST Act, all the return have their specified due time of filing after which late filing fees and interest shall be levied.
There are certain instances wherein the GST Department has extended the due date of filing of GST Returns by way of circulars.
Let’s have a look on various types of return to be filed by the registered tax payer in GST:
GST Returns Number | Applicability | Due date unless extended by department |
GSTR-1- Return of all outward supplies | Applicable on all registered tax payers except composition scheme. | Monthly: On or before 10th of the following month in case of tax payer having turnover more than 1.50 crores Quarterly: On or before 30th of the following quarter in case of small tax payer having turnover less than 1.50 crores |
GSTR-2A – Display all Input tax credit | Applicable on all registered tax payers except composition scheme. | This return is auto populated. |
GSTR-2 – Matching of Input Tax Credit | Applicable on all registered tax payers except composition scheme | Registered Tax payer need to reconcile its Input Tax credit as per auto populated return in GSTR-2A, if it require certain amendment / correction then GSTR-2 require to be filed. (Presently this return is suspended) |
GSTR-3B –Summary of Output and Input tax liability | Applicable on all registered tax payers except composition scheme | Monthly: On or before 20th of the following month (due date vary from state to state as per current scenario) |
GSTR-4 (Replaced by CMP-08) | Applicable on Composition tax payers | Quarterly: On or before 18th day of following quarter |
GSTR-5 Return of all outward and inward supplies with tax paid | Applicable on all non-resident foreign tax payers | Monthly: On or before 20th day of the following month |
GSTR-6 Return of input tax credit received and distributed by ISD | Applicable on registered Tax payer having category mentioned as “Input Service Distributor” (ISD) | Monthly: On or before 13th day of the following month |
GSTR-7 Return on TDS | Applicable on registered tax payer who require to comply with the provisions of “Tax Deducted at Source” (TDS) | Monthly: On or before 7th day of the following month |
GSTR-8 Return on TCS for e-commerce | Applicable on e-commerce operator who require to comply with the provisions of “Tax collected at Source” (TCS) | Monthly: On or before 10th day of the following month |
GSTR-9 Annual Return other than composition tax payers | Applicable on tax payers having aggregate turnover more than 2 crore for FY 17-18 and FY 18-19, for current and future FY no such notification is in force | Annually: 31st December of next financial year |
GSTR-9A Annual Return for composition scheme tax payers | Applicable on tax payers who opted for composition scheme | Annually: 31st December of next financial year |
GSTR-9C Annual return reconciliation | Applicable on tax payers who have annual turnover exceeding INR 2 crore and required to get their accounts audited | Annually: 31st December of next financial year |
GSTR-10 Final Return | Applicable on tax payer whose GST number is cancelled / surrendered | Within 3 months from the date of cancellation / surrender |
GSTR-11 Refund of GST | Applicable for UIN holders claiming refund | Monthly: On or before 28th day of the following month |
The due dates as mentioned in above table are as per the Act, however GST Department has extended due date of various returns, considering spread of Novel Corona Virus (COVID-19), Government has extended due dates of various returns which are as mentioned hereunder:
Tax Period | Taxpayer having aggregate turnover more than INR 5 crore | Tax payer having aggregate turnover lass than INR 5 crore but more than INR 1.50 crore | Tax payer having aggregate turnover lass than INR 1.50 crore |
Waiver of Late fees upto | Waiver of Late fees upto | Waiver of Late fees upto | |
Feb, 2020 | 24-June-2020 | 29-June-2020 | 30-June-2020 |
Mar, 2020 | 24-June-2020 | 29-June-2020 | 03-July-2020 |
Apr,2020 | 24-June-2020 | 29-June-2020 | 06-July-2020 |
May,2020 | 24-June-2020 | 12-July-2020 (14-July-2020 for some states) |
All GSTR-1, GSTR-5, GSTR-6, GSTR-7 and GSTR-8 for the months of March-2020 to May-2020 are extended upto 30th June 2020.
With the ever changing Law and regulatory requirements, we keep on track and advise the same on timely manner in order to ensure proper compliance. We at ReturnFilings.Com will understand the purpose of your GST Returns filing and thereafter will provide you detailed analysis mentioning the law requirement and compliance need to fulfill for GST Returns filing economically and efficiently. We at ReturnFilings.Com will provide you details of regulatory filings in order to ensure proper smooth and timely compliance. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.