What is a Return?

A 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.

What is a GST Return?

In a GST return the tax payer will give details of-

  • Purchases
  • Sales
  • Output GST (on sales)
  • Input tax credit (GST paid on purchases)

Under the GST, a normal taxpayer will be required to furnish three returns monthly and one annual return. This amounts to 37 returns in a year!

But the beauty of the entire system is that one has to manually enter details of 1 return every month- GSTR-1. The other returns will automatically derive information from the GSTR-1.

Similarly, there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS).

GST Returns

A normal business will have to file only the following-

A composition dealer will enjoy the benefits of lesser returns & compliances along with payment of taxes at nominal rates. A composition dealer will file only 2 returns-

Please remember:

Return filing for July & August 2017

GSTR 3B is a simple return that businesses need to file in the first two months of GST (July and August, 2017) instead of the normal returns. The government has postponed the filing of GSTR 1,2 & 3 for July and August, 2017 in order to give businesses some time to adjust to GST.

  • There is no buyer-seller reconciliation for July & August.
  • Also, there is no late fee or penalty levied for the months of July and August in the case of delayed return filing.
Forms For July 2017 For August 2017
GSTR-3B 20th August 20th September
GSTR-1 1st to 5th September 16th20th September
GSTR-2 6th10th September 21st25th September
GSTR-3 11th15th September 26th30th September

All Returns under GST

This is a list of all the returns which are required to be filed under the GST Law.

Note: All the returns do not apply to every tax payer. Please click the relevant return to know more about it.

Return Form Details By Whom? By When?
GSTR-1 Details of sales of taxable goods and/or services Registered Taxable Supplier/Seller 10th of the next month
GSTR-2 Details of purchases of taxable goods and/or services claiming input tax credit. Registered Taxable Recipient/Buyer 15th of the next month
GSTR-3 Monthly summary return based on GSTR-1 & GSTR-2 with a summary of monthly sales and purchases along with the payment of amount of tax. Registered Taxable Person 20th of the next month
GSTR-4 Quarterly return for compounding taxable person. Composition Supplier 18th of the month succeeding quarter
GSTR-5 Return for Non-Resident foreign taxable person Non-Resident Taxable Person 20th of the next month
GSTR-6 Return for Input Service Distributor Input Service Distributor 13th of the next month
GSTR-7 Return for authorities deducting tax at source. Tax Deductor 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected E-commerce Operator/Tax Collector 10th of the next month
GSTR-9 Annual Return Registered Taxable Person 31st December of next financial year
GSTR-10 Final Return Taxable person whose registration has been surrendered or cancelled. 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 Person having UIN and claiming refund 28th of the month following the month for which statement is filed

 

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All Articles

  1. Details to be mentioned in Form GSTR 3B are shared. Detail of the eligible ITC and tax liability under CGST, SGST and IGST is to be mentioned.
  2. Let us look at chapter 8 of CGST rules - Returns. This text is taken from http://www.cbec.gov.in/resources//htdocs-cbec/gst/cgst-rules-01july2017%20.pdf
  3. The GST Council has relaxed filing rules for the first two months post implementation. Heres how to file your returns for these months using form GSTR-3B.
  4. Not every business is required to file all the returns and here we are elaborating on which all returns are required to be filed by different business assesses.
  5. A taxable person who opts for cancellation of GST registration has to file a final return under GST law in form GSTR-10 within three months. Read more here
  6. Every taxable person under GST law will be required to furnish an annual return in form GSTR-9 before 31st December of next financial year. Read more here
  7. Under GST, there are specific Rules for Return filing compliance by ecommerce operators and suppliers. Learn about the rules through easy examples here.
  8. E-Commerce Operators Registered under GST are Required to Collect Tax at Source and file GSTR-8 by 10th of next month. Read more here
  9. Every registered taxable person who is required to deduct tax at source under GST shall furnish a return in FORM GSTR-7 by 10th of next month. Read more here
  10. Every taxable person registered as an Input Service Distributor is required to furnish details of input credit distributed in form GSTR-6. Read more here
  11. Every person who has been issued a Unique Identity Number under GST shall furnish the details of supply in GSTR-11 by 28th of the next month. Read more here
  12. Every registered non-resident taxable person is required to furnish a return in GSTR-5 electronically through the GST Portal. Read here to know more
  13. A dealer registered under composition scheme of GST is required to furnish GSTR-4 by 18th of the month succeeding quarter. Read more to understand GSTR-4
  14. Every registered business is required to furnish details of Inward and Outward Supply and make payment of GST in monthly GSTR-3 Return. Read More
  15. According to revised model GST law, every registered taxable person is required to furnish details of Inward Supply for a tax period. Read More on GSTR-2
  16. According to Model GST law, every registered taxable person is required to submit Details of Outward Supplies in GSTR-1. This return is required to be filed within 10 days from the end of the tax period. Read More
  17. Tax returns and their due date for filing under the GST Law. Understand which all returns are applicable on your business and what are the filing timelines.

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