All registered individuals, traders, organizations, and companies registered have to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. This return is a basis on which the tax authorities calculate tax liability. The registered GST user will have to file the return, which includes; purchases, sales, output GST, and input credit of GST. A registered user has to submit forms to file their GST return, which are; return for purchases, return for sale/supplies, monthly return, and annual return.
Who should file GST Returns?
GST returns must be filed by every business units whose turnover exceeds 20 or 40 lakh (Optional) annually. Taxpayers are also supposed to go through various eligibility criteria for different slabs.
- GST Regular (Goods):Threshold Limit for Registration in case of sale of goods (all over India) except persons engaged in making Supplies in the specified states is Rs. 40 lakhs
- GST Regular (Services):Threshold Limit for Registration in case of Services (all over India) except persons engaged in making Supplies in Specified states is Rs. 20 lakhs.
- GST Regular (Goods & Services - Specified States):Threshold Limit for Registration in case of sale of Goods & Services engaged in making Supplies in the Specified states is Rs. 10 lakhs.
- GST Composition:The below are the various threshold limits for registration under Composition Scheme.
- For Trader, Manufacturer – Rs. 1.5 Crore
- For Restaurant Service – Rs. 1.5 Crore
- For Trader, Manufacturer – Rs. 1.5 Crore
- For Other Service Providers, subject to threshold limit of turnover in the preceding Financial Year Rs. 50 lakhs – Rs. 1.5 Crore
Different Types of Returns
| GST Return | Due Date | |
|---|---|---|
| GSTR1 | Tax return for outward supplies made (contains the details of interstate as well as intrastate B2B and B2C sales including purchases under reverse charge and interstate stock transfers made during the tax period). |
11th of the next month. |
| GSTR2A | Read only documents for the recipient, to verify the details uploaded by the seller in GSTR-1. | 15th of the next month. |
| GSTR3 | Consolidated monthly tax return (contains The taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, turnover details, final aggregate-level inward and outward supply details, tax liability under CGST, SGST, IGST, and additional tax (+1% tax), details about your ITC, cash, and liability ledgers, details of other payments such as interests, penalties, and fees). | 20th of the next month |
| GSTR3B | Temporary consolidated summary return of inward and outward supplies that the Government of India has introduced as a relaxation for businesses that have recently transitioned to GST. Hence, in the months of July and August 2017, the tax payments will be based on a simple return called the GSTR-3B instead. | 20th of the next month |
| GSTR4 | It is used to file quarterly returns for the taxpayers registered under the composition scheme. Small taxpayers with turnover up to ₹ 1.50 Cr file quarterly returns through this form. To reduce the tax and compliance burden for these small taxpayers, pay tax at a fixed rate, and file return quarterly. The due date for it is 18th of the month succeeding the quarter for which return is to be filed. | 18th of the next month ending the quarter for which return needs to be filed. |
| GSTR5 | Variable return for Non-resident foreign taxpayers (It contains the details of the taxpayer, period of return and invoice details of all goods and services sold and purchased (this also includes imports) by the tax payer on Indian soil for the registered period/month). | 20th of the next month. |
| GSTR5A | Particulars of supplies of online information and database access or retrieval services by a person located outside India to a non-taxable person in India.Note: The return is to be filed even if there is no business activity for any period under tax (Nil return in such cases) | 20th of the next month. |
| GSTR6 | Monthly return for ISDs (This return contains the details of the taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, invoice-level supply details from the GSTR-1 of counter-parties, invoice details, including the GSTIN of the taxpayer receiving the credit, separate ISD ledger containing the opening ITC balance for the period, credit for ITC services received, debit for ITC reversed or distributed, and closing balance). | 13th of the next month |
| GSTR7 | Monthly return for the person who deducts tax at the time of making payment to suppliers (TDS) u/s 51 of CGST Act 2017 | 10th of the next month |
| GSTR8 | Monthly return containing the details of taxable supplies and the amount collected by the E-Commerce Operator related to the supplies and amount of TCS collected | 10th of the next month |
| GSTR9 | Annual consolidated tax return (It contains the taxpayer’s income and expenditure in detail. These are then regrouped according to the monthly returns filed by the tax payer). | 31st December of the subsequent financial year |
| GSTR9A | Annual return for taxpayer opted for composition scheme | 31st December of next financial year |
| GSTR9C | Audit form that needs to be filed by every taxpayer who is liable to get their annual reports audited when their aggregate turnover exceeds Rs. 2 crores in a financial year. | 31st December of the subsequent financial year |
₹ 2000 (excluding gst)
- GST Filing for 3 Months
- It includes GSTR 3B, GSTR 1 Filing per quarter. It includes filing of B2B, B2CS invoices and Input Tax Credit Reconciliation
- Excluding Government Fee *.
₹ 3500 (excluding gst)
- GST Filing for 6 Months
- It includes GSTR 3B, GSTR 1 Filing per quarter. It includes filing of B2B, B2CS invoices and Input Tax Credit Reconciliation.
- Excluding Government Fee *.
₹ 6000 (excluding gst)
- GST Filing for 1 year
- It includes GSTR 3B, GSTR 1 Filing per quarter. It includes filing of B2B, B2CS invoices and Input Tax Credit Reconciliation.
- Excluding Government Fee *.