How Can You File The GST Return
Posted: Jul 16, 2018
What is a GST Return?
Every registered dealer or business has to mandatorily file a GST Return monthly, quarterly or/and annually based on the type of business. GST Return is a document containing details –
- GST collected on sales (Output GST)
- GST paid on purchases (Input tax credit)
Taxpayers of all types have to file GST Return electronically with the income tax authorities of India which is used to calculate tax liability. All registered businesses have to file three monthly returns and one annual return. Once you have manually entered the details of one monthly return – GSTR- 1, the other two returns – GSTR- 2, GSTR- 3 will automatically derive information from GSTR – 1 filed by you.Different types of GST Return applicable under the GST LawReturn FormParticularsTime periodDue dateGSTR-1Details of outward supplies of taxable goods and/or services effected
10th of the next monthGSTR-2Details of inward supplies of taxable goods and/or services effected claiming input tax credit.
15th of the next monthGSTR-3Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.
20th of the next monthGSTR-3BProvisional return for the months of July 2017 to June 2018
20th of the next monthGSTR-4Return for compounding taxable person/composition supplier
18th of the month succeeding quarterGSTR-5Return for non-resident taxable person.
20th of the next monthGSTR-5AReturn for Non-resident persons providing OIDAR services
20th of the next monthGSTR-6Return for Input Service Distributor
13th of the next monthGSTR-7Return for authorities deducting tax at source.
10th of the next monthGSTR-8Details of supplies effected through e-commerce operator and the amount of tax collected
10th of the next monthGSTR-9Annual Return Annually31stDecember of the next financial yearGSTR-9AAnnual Return by compounding taxable person/composition supplier
31stDecember of the next financial yearGSTR-10Final returnOnce. When registration is cancelled or surrenderedWithin 3 months of the date of cancellation or date of cancellation order, whichever is laterGSTR-11Details of inward supplies to be furnished by a person having UIN and claiming refund
Monthly28th of the month following the month for which statement is filedDue dates of GST Return :
Due Dates for filing GST Returns can be extended by issuing Orders or Notifications.GSTR -1 :
The due date to file GSTR- 1 is 10th of the next month.
Taxpayers with sales of up to Rs. 1.5 crore will file quarterly returns.
Other businesses with sales above Rs. 1.5 crore have to file monthly return.GSTR-1 due dates (Quarterly) :
PeriodDue datesApril – June 201831st July 2018July – September 201830th October 2018GSTR-1 due dates (Monthly) :
PeriodDue datesApril 201831st May 2018May 201810th June 2018June 201810th July 2018July 201810th August 2018August 201810th September 2018September 201810th October 2018GSTR-2 and GSTR-3 :
As per 27th GST Council Meeting, filing of GSTR-2 and GSTR-3 has been suspendedGSTR-3B :
The due date to file GSTR- 3B is 20th of the next month. GSTR-3B has been extended to Sept 2018, as discussed in 27th GST Council meeting held on 4thMay 2018.PeriodDue datesMay 201820th June 2018June 201820th July 2018GSTR-4 :
GSTR – 4 is a quarterly return, the due date for which is 18th of the month succeeding quarter.PeriodDue datesApril 2018 – June 201818th July 2018July 2018 – September 201818th October 2018GSTR-5 :
The due date to file GSTR- 5 is 20th of the next month.PeriodDue datesMay 201820th June 2018June 201820th July 2018GSTR-5A :
The due date to file GSTR- 5A is 20th of the next month.PeriodDue datesMay 201820th June 2018June 201820th July 2018GSTR – 6 :
The due date to file GSTR- 6 is 13th of the next month.
Due date of GSTR-6 for the months from July 2017 to June 2018 is extended to 31st July 2018. (Old due date 31st May 2018).Late fees for not filing Returns on Time :
Filing GST Return is mandatory. You must file a Nil return if there is no transaction.
A taxpayer cannot file a return if previous monthly/ quarterly return is not filed by him.
If a taxpayer does not furnish the GST Return before the due date, he will be liable to pay late fees and interest.
Interest is 18% per annum which is calculated by the tax payer on the amount of outstanding tax to be paid. Time period will be from the next day of filing to the date of payment.
- Late Fee for filing GSTR-1, GSTR-3B, GSTR-4, GSTR-5 & GSTR-6 after the due date has been is?50 per day of delay.
- Late fee for filing NIL returns is?20 per day of delay for taxpayers (i.e. having Nil tax liability for the month) for GSTR-1, GSTR-3B and GSTR-4 & GSTR-5.
All taxpayers have to file GST Return with the GST Department every year. GST Return can be filed online using the software or apps provided by Goods and Service Tax Network (GSTN) which will auto-populate the details on each GSTR forms. Following are the steps for filing GST Return online:
- Visit the GST portal (www.gst.gov.in).
- A 15-digit GST identification number will be issued based on your state code and PAN number.
- Upload invoices on the GST portal or the software. An invoice reference number will be issued against each invoice.
- After uploading invoices, outward return, inward return, and cumulative monthly return have to be filed online. If there are any errors, you have the option to correct it and refile the returns.
- File the outward supply returns in GSTR-1 form through the information section at the GST Common Portal (GSTN) on or before 10th of the following month.
- Details of outward supplies furnished by the supplier will be made available in GSTR-2A to the recipient.
- Recipient has to verify, validate, and modify the details of outward supplies, and also file details of credit or debit notes.
- Recipient has to furnish the details of inward supplies of taxable goods and services in GSTR-2 form.
- The supplier can either accept or reject the modifications of the details of inward supplies made available by the recipient in GSTR-1A.