Poojitha Raam Vinay 
What is GST Return?
A GST return is a document to be filed by all registered entities containing the details pertaining to the sales, incomes, expenses, and purchases that a taxpayer must file with the tax authorities.
Who Should File the GST Return?
As per the Goods and Service Tax Act and Rules thereon, all the registered entities are mandated to file the GST Return.
However, the registered business entities with Annual Aggregate Turnover of Rs 5 Crores are compulsorily to file 2 monthly returns.
Registered business entities with Turnover upto Rs 5 Crores have an option of file the return under Quarterly Return Filing and Monthly Payment of Taxes Scheme(QRMP) under the GST Act.
Due Dates and Types of GST Returns
|
Name Of the Form/ Return |
Details of the Return |
Due Date |
|
GSTR 1 |
Return for all outward supply of goods or services |
11th of succeeding month for entities not under/ not opted for QRMP scheme. 13th of succeeding month for entities who have opted QRMP Scheme |
|
Invoice Furnishing Facility (IFF) |
An optional return which can be filed by business entities opted for the QRMP Scheme. This return contains the details of B2B invoices of Goods or services |
13th of succeeding month |
|
GSTR 3B |
Summary return of outward supplies of goods or services and input tax credit claimed. The return also contains the details of the Net Tax liability under GST. |
20th of the succeeding month. 22nd of the succeeding month for QRMP scheme and entities registered in Union Territories. 24th of the Succeeding Month for business users registered in state of 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 |
Registered entities under the composition scheme under section 10 of the CGST Act |
30th of the month succeeding a financial year. (filed Annually) |
|
GSTR 5 |
Return for a non-resident foreign taxable person. |
20th of the Succeeding Month |
|
GSTR 5A |
Return to be filed by non-resident Online Information Database Access and Retrieval service( OIDAR) providers. |
20th of the Succeeding Month |
|
GSTR 6 |
An Input Service Distributor files every calendar month. It has all the information of the invoices on which credit has been received and are issued by an ISD.an Input Service Distributor files every calendar month. It has all the information of the invoices on which credit has been received and are issued by an ISD. |
13th of the succeeding month |
|
GSTR 7 |
A monthly return that has to be filed by the deductors who are required to deduct TDS under GST. |
10th of the succeeding month |
|
GSTR 8 |
Returns for the electronic commerce operator who is required to deduct Tax Collected at Source under GST. |
10th of the succeeding month. |
|
GSTR 9 |
Annual return by a regular taxpayer. |
31st December of the succeeding the financial year. (filed Annually) |
|
GSTR 9C |
Self Declaration of Reconciliation Statement |
31st December of the month succeeding the financial year. (filed Annually) |
|
GSTR 10 |
Final return to be filed by a taxpayer whose GST registration is canceled. |
Within three months of the date of cancellation or date of cancellation order, whichever is later. |
|
GSTR 11 |
Inward Supplies to be furnished by a person that has a Unique Identification Number (UIN) and claiming a refund |
28th of the month following the month for which statement is filed. |
|
CMP 08 |
A special statement cum Challan to pay taxes by a registered entities under QRMP Scheme |
18th of the month succeeding the quarter. |
|
ITC 04 |
To be furnished by registered manufacturers, showing the details of inputs or capital goods dispatched or received from a job worker in a particular quarter. |
Aggregate Annual Turnover More than Rs 5 Crores 25th October and 25th April.(Filed Half Yearly) Aggregate Annual Turnover upto Rs 5 Crores 25th April (Filed Annually) |
How much Interest and late fee is attracted for non filing of the return?
The registered entities failing to file the returns on the stipulated due dates are liable to pay interest and a late fee.
Interest is charged at 18% per annum. The interest is calculated from the next day of the filing of the return. The interest is calculated on the outstanding tax to be paid by the registered entities.
Late Fee: A total of Rs 200 shall be charged as a late fee (CGST 100, SGST 100) per day subject to maximum late fee of Rs 5000.
Revision of Late Fee
Late fee has been capped in respect of returns for tax period June 2021, onwards.
- For taxpayers who have NIL liability in GSTR-3B or NIL outward supplies in GSTR-1 - Rs 500 each for GSTB 1 and GSTR 3B.
- For taxpayers Having Annual Aggregate Turnover (AATO) in preceding year up to Rs 1.5 crore. Not having NIL tax liability or NIL outward supplies - Form GSTR-3B and Form GSTR-1: Rs 2,000 per return
- Other taxpayers having AATO in preceding year between Rs 1.5 to Rs 5 crore. For Form GSTR-3B ad Form GSTR-1: Rs 5,000 per return.
- Having AATO in more than Rs 5 crore in preceding year. -For Form GSTR-3B and Form GSTR-1: Rs 10,000 per return
- For composition taxpayers having NIL tax liability-Form GSTR-4: Rs 500 per return.
- For composition taxpayers not having NIL tax liability-Form GSTR-4: Rs 2,000 per return
- For Form GSTR- 7- Rs 50 per day, per return and capped at Rs 2,000 per return
Cancellation of Registration
The registration can be cancelled for the following reasons:
- any registered person, other than a person paying tax under Composition levy has not furnished returns for a continuous period of six months;
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