SERVICE: GST Return

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    What is GST Return?

    Any individual or organisation who applies for GST registration must file GST returns mandatorily as per the governing Act of GST with the filing of GST return, the taxpayers intimate the GST department about the inflow and outflow of supplies including the amount of tax paid and collected

    Utility of filing GST Returns

    • It eliminates the cascading effect
    • Benefits to start-ups
    • Quick supply of goods by e-commerce companies
    • Simple and common form all the taxes

    Types of GST Returns

    GSTR-1: To be filed by all registered tax payers. It has the following details:

    • Outward supplies i.e., sales
    • Credit and debit notes issued
    • Amendments to sale invoices

    GSTR-2A:  It is auto populated based on data filed by suppliers in GSTR-1. It has the following details:

    • Inward supplies i.e., purchases made from registered seller

    GSTR-2: To be filed by all registered tax payers. It is auto populated from GSTR – 2A, but it can be edited. It has the following details:

    GSTR-3: To be filed by all the registered taxpayers. It has the following details:

    • Outward supplies made i.e., sales
    • Inward supplies received i.e., purchases
    • Input tax credit claimed
    • Tax liability
    • Tax paid

    GSR-3B: To be filed by all the registered taxpayers. It has the following details:

    • Outward supplies made
    • Input tax credit claimed
    • Tax liability ascertained
    • Tax paid

    GSTR-4: To be filed by composition dealers (Turnover is less than Rs. 1.5 crores and opts to pay for tax at a fixed rate on the turnover amount). It has the following details:

    • Outward supplies made i.e., sales
    • Inward supplies received i.e., purchases

    GSTR-5: It is to be filed by every registered non-resident taxable person, carrying on business in India. It has the following details:

    • Outward supplies made i.e., sales
    • Inward supplies received i.e., purchases
    • Credit and debit notes issued
    • Tax liability
    • Tax paid

    GSTR-6: To be filled by Input Service Distributor. It has the following details:

    • Input tax credit received
    • Input tax credit distributed
    • Documents issued for distribution of input credit
    • Manner of distribution

    GSTR-6A: This return is auto populated from details provided by supplier of Input Service in GSTR-1

    GSTR-7: To be filed by persons required to deduct TDS. It has the following details:

    • TDS deducted
    • TDS liability payable
    • TDS liability paid
    • TDS refund claimed

    some Types Of GST Returns

    GSTR-8: To be filed by e-commerce operators who are required to deduct tax at source. It has the following details:

    • Supplies made through e-commerce platform
    • TCS collected on the supplies made

    GSTR-9: It is an annual return, which is to be filed by the taxpayers registered under GST. It has the following details:

    • Outward supplies made
    • Inward supplies received
    • HSN code

    It is not to be filed by – Composition scheme holders, casual taxable persons, input service distributors, non-resident taxable persons and persons paying TDS under section 51 of CGST Act.

    GSTR-9A: It is an annual return to be filed by taxpayers registered under composition scheme.

    GSTR-9C: It is a reconciliation statement, which is to be filed by all taxpayers whose turnover exceeds Rs. 2 crores in a financial year. Furthermore, It has the following details:

    • Books of account to be audited by Chartered Accountant/Cost Accountant
    • Reconciliation is between audited financial statements and GSTR-9 that has been filed.

    GSTR-10: To be filed by taxable person whose registration has been cancelled or surrendered. It has the following details:

    • Final return
    • To be filed within 3 months from the date of cancellation or surrender of registration, whichever is earlier.

    GSTR-11: To be filed by taxpayers who have been issued a Unique Identity Number with the assistance of TaxHelpdesk allotted to foreign diplomatic missions and embassies not liable to pay tax in India, for the purpose of granting them refund of taxes.

    GST filing period

    Return Form

    To be filed 

    Due Date 

    GSTR-1

    Monthly/Quarterly

    • 10th of suceeding month

    • 13th of suceeding month quarter

    GSTR-2A

    Auto Drafted

    -

    GSTR-3B

    Monthly/Quarterly

    • 20th of suceeding month

    • PART A States: 22nd of the month of the next quarter. PART B: 24th of the month of the next quarter.

    GSTR-4

    Annually

    30th of the month of the next financial year

    GSTR-5

    To be filed a week before the expiry of GST registration or before 20th of next month 

    To be filed a week before the expiry of GST registration or before 20th of next month, if registration is for several months

    GSTR-6

    Monthly

    13th of subsequent month

    GSTR-7

    Monthly

    10th of subsequent month 

    GSTR-8

    Monthly

    10th of subsequent month

    GSTR-9

    Annually

    31st December of the next financial year

    GSTR-10

    On cancellation/surrender

    Within 3 months

    GSTR-11

    Claim refund 

    28th of subsequent month

    Penalty for late filing of GST Returns

    A penalty will be levied on the taxpayer in case he/she fails to file the returns on time. Moreover, this penalty is called the late fee as per the GST Law, the late fee is Rs.100 for each day for each Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST). Thus, the total fine amount will be Rs.200 per day. However, this rate is subject to changes which will be announced through notifications. The maximum amount of fine that can be levied is Rs.5,000. 

    Integrated GST or IGST does not attract any late fee in the delay case of the return filing. In addition, the taxpayer will need to pay an interest at the rate of 18% p.a. in addition to the late fee. This interest has to be calculated by the taxpayer on the amount of tax that is to be paid. The time period will be calculated from the day following the filing deadline till the date when the actual payment is made.

    FAQs

    CGST is Central Goods and Services Tax which is levied by Centre on intra state supply of goods and/or services and that by the state is State Goods and Service Tax (SGST). On the other hand, IGST is Integrated Goods and Service Tax collected by centre on supply of goods and/or services outside the State.

    No, different forms are not required and the same form can be used for filing CGST, SGST and IGST returns.

    Taxes are to be paid before filing of GST returns.

    Send your queries here

    GST Return

    GSTR – 1, GSTR – 3B, GSTR – 4, CMP-08, GSTR – 5 / GSTR-5A, GSTR – 6 / GSTR-6A, GSTR -7, GSTR – 8, GSTR – 9, GSTR – 9A, GSTR – 10

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