GST return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. India being the world’s 3rd largest economy has headed towards the destination based tax-reporting structure. To simplify the process of GST return the GST Council have come up with a solution to record all invoices in one place and collate data for the taxpayer. The processes have been simplified, and many taxes have been removed. The whole nation shall report using the same structure irrespective of where and how you carry your business.
GST returns filing is mandatory irrespective of any transaction made or not, as any non-compliance towards the same may lead to disallowance of input tax credit, apart from attracting penalties and interests, etc. Proper filing of information and passing the same in the returns is a mandatory process for smooth flow of credit to the last recipient.
GST returns are designed so that all transactions are in sync with each other and hence no transaction is left unattended between the buyer and the seller. All the data is stored in GSTN, which can be accessed by the users/taxpayers at any point of time online. While filing GST returns the registered dealer should include the details of Purchase, sales, output GST (on sales), and Input tax credit (GST paid on purchases)
1. Who should file GST Returns?
In the GST regime, any regular business who has obtained the GST registration has to file two monthly returns and one annual return. There is a clear system that one has to manually enter details of one monthly return – GSTR-1. The other returns GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
2. What are GST Return Filing Dates?
Here is a list of all the returns to be filed as prescribed under the GST Law along with the due dates.
|
Return Form |
Particulars |
When to file Monthly/Quarterly/Yearly |
Due Date |
|
GSTR-1 |
Details of outward supplies of taxable goods and/or services affected |
Monthly |
11th* of the next month with effect from October 2018 *Previously, the due date was 10th |
|
GSTR-3B |
Simple Return in which summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by taxpayer |
Monthly |
20th of the next month |
|
GSTR-4 |
Return for a taxpayer registered under the composition levy |
Quarterly |
18th of the month succeeding quarter |
|
GSTR-5 |
Return for a Non-Resident foreign taxable person |
Monthly |
20th of the next month |
|
GSTR-6 |
Return for an Input Service Distributor |
Monthly |
13th of the next month |
|
GSTR-7 |
Return for authorities deducting tax at source. |
Monthly |
10th of the next month |
|
GSTR-8 |
Details of supplies effected through e-commerce operator and the amount of tax collected |
Monthly |
10th of the next month |
|
GSTR-9 |
Annual Return for a Normal Taxpayer |
Annually |
31st December of next financial year* |
|
GSTR-9A |
Annual Return a taxpayer registered under the composition levy anytime during the year |
Annually |
31st December of next financial year* |
|
GSTR-10 |
Final Return |
Once, when GST Registration is cancelled or surrendered |
Within three months of the date of cancellation or date of cancellation order, whichever is later? |
|
GSTR-11 |
Details of inward supplies to be furnished by a person having UIN and claiming a refund |
Monthly |
28th of the month following the month for which statement is filed |
3. How to check the GST Return Filing Status?
There are different types of GST Return Application status which relies on the action of the taxpayer and they are as following:
- In case the return is due but it has not yet been filed then it will show the status “TO BE FILED.”
- When the return has been validated but shows the filing status pending than the status would show “SUBMITTED BUT NOT FILLED.”
- In case the return has been filed without any pending status than it shows “FILED-VALID” status.
When the return has been filed but tax is not paid or less/short paid than the status would show “FILED-INVALID.”
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