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What is GST Return ?GST Return is the statement of information that needs to be furnished by the taxpayer to tax authorities at regular intervals.
Types of GST Returns
GSTR-1 is the return to be furnished by all “Registered persons including Casual Registered person” except:
- Non-resident Taxable Person (NRTP) (GSTR-5);
- Input Service Distributor (ISD).(GSTR-6);
- Online Information and Database Access or Retrieval Services (GSTR-5A);
- Person covered under Composition Scheme (GSTR-4);
- Person Deducting Tax Deducted at Source (TDS) (GSTR-7);
- Person Collecting Tax Collected at Source (GSTR-8).
Note: Because these taxpayers need to file return other than GSTR-1, as shown above.
GSTR-1 is the return containing details of all outward supplies ( Sales made or services rendered during that tax period) of goods and services made.
GSTR-2 is the return to be furnished by registered taxable person containing details of all inward supplies ( Purchases made from registered taxable person during tax period).
Note: GSTR-2 is suspended.
GSTR-2A is auto populated based on the return furnish by supplier in GSTR-1 i.e. system generated ‘draft’ Statement of Inward Supplies for a receiver taxpayer.It is auto-populated from the Form GSTR-1/5, Form GSTR-6 (ISD), Form GSTR-7 (TDS), and Form GSTR-8 (TCS), filed/ submitted/ uploaded by the supplier taxpayer, from whom goods and/or services have been procured or received by the receiver taxpayer, in a given tax period.
GSTR-3 return is auto- generated from GSTR-1 and GSTR-2. It is a summary return for furnishing summarized details of all outward supplies made, inward supplies received and input tax credit claimed, along with details of the tax liability and taxes paid on monthly basis.
Note: GSTR-3 is suspended.
GSTR-3B is a simplified summary return on monthly basis.It Contains details of all outward supplies made, inward supplies received and input tax credit claimed, along with details of the tax liability and taxes paid.
All normal taxpayers and casual taxpayers are required to file Form GSTR-3B.
Filing of Form GSTR-3B is mandatory for all normal and casual taxpayers, (Nil Return) even if there is no business in that particular tax period.
5. GSTR-4 & CMP-08
- GSTR-4 is to be filed by taxpayers who have opted for composition scheme.
- GSTR-4 is to be filed on Annual basis.
- The due date for filing Form GSTR-4 is 30th of the month succeeding the financial year or as extended by Government from time to time. For example, the GSTR-4 for FY 2019-20 is due by 30th April 2020.
- CMP-08 is used to declare the details or summary of self-assessed tax which is payable for a given quarter by taxpayers who are registered as composition taxable person or taxpayer who have opted for composition levy.
- CMP-08 is to be filed on quarterly basis. The due date for filing Form GST CMP-08 is 18th of the month succeeding the quarter or as extended by Government through notification.
- GSTR-5 is a return to be filed by all Non- Resident Taxpayer (NRTP) in case they don’t wish to avail ITC (Input Tax Credit) on local procurements.
- In case, Non- Resident Taxpayer (NRTP) wishes to avail ITC on local procurement, it will be required to register as a normal taxpayer and file Form GSTR-1/ 3B as a normal/casual taxpayer
- Non- Resident Taxpayers need to file Form GSTR-5 return for the period for which they have obtained registration within a period of seven days after the date of expiry of registration.
- In case, registration period is for more than one month, monthly return (s) would be filed by 20th of the month succeeding the tax period and thereafter return for remaining period would be filed within a period of seven days
GSTR-6 is a monthly return to be filed by all the Input Service Distributors (ISD). It Contains details for distribution of credit (ITC) amongst its units. ISD Returns to be filed 13th of Next Month or extended date, if any.
- GSTR-7 is a return to be filed by the persons who deduct tax (TDS) at the time of making/crediting payment to suppliers towards the inward supplies received.
- The due date for filing Form GSTR-7 is 10th day of the succeeding month or the date extended, if any.
- GSTR-8 is a Monthly Statement of TCS (Tax Collected at Source) to be filed by E- Commerce Operators.
- It contains the details of taxable supplies and the amount of consideration collected by such operator pertaining to the supplies made by other suppliers through such e commerce operator and amount of TCS collected on such supplies.
- The due date for filing Form GSTR-8 for a particular tax period is 10th day of the succeeding month or amended by Government by notification from time to time.
10. GSTR-9 (Annual Return)
- GSTR-9 is an Annual return. It is to be filed by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayer need to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc.
- The due date for filing Form GSTR-9 for a particular financial year is 31st December of the subsequent financial year or as extended by Government through notification from time to time.
- GSTR-9 is to be filed by all taxpayers registered under GST except :
- Composition taxpayers are required to file Annual Return in Form GSTR-9A.
- Annual Return is not required to be filed by casual taxpayer / Non Resident taxpayer / ISD
- As per The 37th GST Council Meeting , GSTR-9 filing optional for businesses with turnover up to Rs.2 crore in FY 17-18 and FY 18-19.
- As per The 39th GST Council Meeting, The due date for filing GSTR-9 (Annual Return) for FY 2018-19 is extended to 30th June 2020.
- GSTR-9A is an Annual Return. It is to be filed by by taxpayers who have opted for composition scheme, for any period during the said financial year.
- The taxpayers are required to furnish details regarding outward supplies, inward supplies, taxes paid, any refund claimed or demand created or input tax credit availed or reversed due to opting out or opting in to composition scheme.
- The due date for filing Form GSTR-9A for a particular financial year is 31st December of subsequent financial year or as extended by Government through notification from time to time.
Note: As per the decision taken in the 37th GST Council meeting, Composition dealers have been granted exemption from filing of annual returns in GSTR-9A for the financial years 2017-18 and 2018-19.
12. GSTR-9C (Reconciliation Statement)
- GSTR-9C is a reconciliation statement. GSTR-9C is to be filed by the taxpayer whose aggregate turnover is above ₹2 Crore during a financial year.
- It is to be duly verified ( books of accounts audited) and signed by Chartered Accountant/ Cost Accountant and this form is required to be furnished along with filing of annual return.
- As Per 39th GST Council Meeting, The due date for filing GSTR-9C (Reconciliation Statement) for FY 2018-19 is extended to 30th June 2020.
- As Per 39th GST Council Meeting, Relaxation to MSMEs from furnishing of Reconciliation Statement in FORM GSTR-9C, for the financial year 2018-19, for taxpayers having aggregate turnover below Rs. 5 crores (i.e. businesses with an annual turnover of less than Rs 5 crore, filing of GSTR-9C for FY 2018-19 is waived off).
13. GSTR-10 (Final Return)
GSTR-10 is to be filed by a taxable person whose GST registration is cancelled or surrendered.This return should be filed within three months of the date of cancellation or date of order of cancellation, whichever is later.
Form GSTR-10 is required to be filed by every taxpayer except:
(i) Input Service Distributor
(ii) Non-resident taxable persons
(iii) Persons required to deduct tax at source (TDS) under section 51
(iv) Persons paying tax under section 10 (Composition Taxpayer)
(v) Persons required to collect tax at source (TCS) under section 52
- GSTR-11 is to be filed by persons having Unique Identification Number (UIN).It is a statement of inward supply of goods or services or both received by an UIN holder.
- GSTR-11 is to be filed on Quarterly basis. However, the form is not mandatory to be filed for such period in which there is no inward supplies received by such UIN holder. However, before claiming refund through Form GST RFD-10, filing of Form GSTR-11 is necessary for that relevant quarter.
Note: There is no due date for Filing of Form GSTR-11. UIN holder can file Form GSTR-11 any time after the end of the relevant Quarter.
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