GST filing Return is a document that contains all GST invoices, incomes/receipts, sales, purchases, and expenses/payments that a GST registered taxpayer is required to intimate tax administrative authorities. The taxpayer needs to declare all the transactions related to the revenue of the business based on which authorities will calculate the amount of tax to be paid by the company.
Every registered taxpayer paying GST is required to furnish an electronic return every month. The different type of GST return filing demands the taxpayer to disclose the following details:
There are around 22 types of GST filing return Forms out of which only 11 are active, 8 are view-only and 3 are suspended. However, taxpayer file returns based on the type of registration obtained.
| Return Form | Description | Frequency | Due Date |
|---|---|---|---|
| GSTR-1 | Details of outward supplies of taxable goods or services | Monthly | 11th of the next month |
| IFF (optional by taxpayers under the QRMP scheme) | Details of B2B supplies of taxable goods or services | Monthly (for the first two months of the quarter) | 13th of the next month |
| GSTR-3B | Summary of outward supplies and purchases, along with tax to be paid by the taxpayer | Monthly | 20th of the next month |
| CMP-08 | Details of summary of outward supplies and import of goods or services by taxpayers who are registered under the composition scheme | Quarterly | 18th of the month succeeding the quarte |
| GSTR-4 | Return to be filed by taxpayer under composition scheme | Annually | 30th of the month succeeding a financial year |
| GSTR-5 | Return to be filed by non-resident taxable person | Monthly | 20th of the next month (Amended by 13th by Budget 2022, yet to be notified by CBIC) |
| GSTR-5A | Return to be filed by non-resident OIDAR service providers | Monthly | 20th of the next month |
| GSTR-6 | Return of Input tax distributor to distribute input tax among its branches | Monthly | 13th of the next month |
| GSTR-7 | Return to be filed by person deducting Tax at Source (TDS) | Monthly | 10th of the next month |
| GSTR-8 | Return to be filed by e-commerce operators | Monthly | 10th of the next month |
| GSTR-9 | Annual Return by regular taxpayer | Annually | 31st December of the next financial year |
| GSTR-9C | Self-certified reconciliation statement | Annually | 31st December of the next financial year |
| GSTR-10 | Filed by person whose GST registration is cancelled | Once, when GST registration is surrendered or cancelled | Within 3 months from 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 and claiming a refund | Monthly | 28th of the month following the month for which statement is filed |
| ITC-04 | Return to be filed by principal/ job worker | Annually (for AATO up to Rs. 5 crore) | 25th April where AATO is up to Rs. 5 crores |
| Half-Yearly (for AATO > Rs. 5 crore) | 25th October and 25th April where AATO exceeds Rs. 5 crores (AATO = Annual Aggregate Turnover) |
The Online filing of GST return involves following steps:
Step 1: Go to www.gst.gov.in
Step 2: Based on taxpayer’s state code and PAN a 15-digit Alphanumeric number will be issued.
Step 3: Upload the invoice, against each invoice a reference number will be issued
Step 4: After uploading the invoices file the outward returns, inward returns and cumulative monthly returns.
Step 5: File the outward supply return in GSTR-1 on or before 10th of the next month
Step 6: The outward return furnished by the vendor/supplier can be viewed in GSTR-2A
Step 7: Taxpayer has to verify, validate and modify the details of the outward supplies
Step 8: Upload the details of inward supplies of goods and services in GSTR-2 form
Step 9: The supplier can either accept or reject the modification of details of inward supplies as shown in GSTR-1A.
Step 1: Login to GST Portal
Step 2: Go to Services < Returns < Return Dashboard
Step 3: Choose year and month from the drop-down list
Step 4: Hit ‘Prepare Offline’
Step 5: Click on ‘Download’ and then click on ‘Generate File’
Step 6: Click on ‘Click Here’ and download the excel file
To check GST Return Status online, follow the below steps:
Step 1: Go to www.gst.gov.in
Step 2: Enter the login ID and Password
Step 3: After logging in click on Services > Returns > Track Return Status
Step 4: Select ‘Status of Return’ from the drop-down list
Step 5: Click on Search Button
Step 6: The status may show “To be Filed/ Submitted Not Filed/ Filed-Valid/ Filed- Non-Valid”
If the GST Return is not filed within the prescribed time, taxpayer needs to pay late fees and interest. Interest is charges at 18% per annum. It has to be calculated on the outstanding tax amount.
| Taxpayer category | Late Fees |
| Taxpayer whose total amount of central tax payable is NIL | Rs. 250 |
| Taxpayer with an annual turnover of Rs. 1.5 crore in the previous financial year | Rs. 1000 |
| Taxpayer whose annual turnover exceeds Rs. 1.5 crore and up to Rs. 5 crores in the previous financial year | Rs. 2500 |
Note :
Taxpayers should know that an equal penalty will be apply under SGST. There are no late fees under IGST.
1. Timely Submission – We submit your returns within 5 days from the date of submission of all details so there is no chance of penalties.
2. Expert Consultation – Get GST Consultation on call
3. Save Money – we offer professional services at affordable prices.
4. Reminder – We also send reminders to the clients / customers much before the due date of any return.
5. In-house team of professionals – We have a team of professionals and do not sub let your work to others.
The government must levy a fine on taxpayers and others. If they are late with their payment, they can still file GST filing returns. For every month that a GST Return is late, a fine of 200 can be assessed. The CGST and SGST Act may allow for this.
As per this, late payers can be charged a penalty of 100 for SGST and 100 for CGST. However, the same Act states that if a taxpayer pays their taxes after the GSTR 3 return deadline, the government cannot impose a fine of more than 5000. The interest rate on tax debt is currently set at 18% per year. The interest rate is calculated only on the entire tax bill. Also taken into account is the time between the tax return being filed and the tax being paid.
GST Return is a document that contains all GST invoices, incomes/receipts, sales, purchases, expenses/payments that a GST registered taxpayer is required to intimate tax administrative authorities
Yes, e-commerce operators who allow other suppliers to sell goods or services through their portals are required to file form GSTR-8. Those who use their own portal to sell goods or services need not file this return.
For finalizing the tax liabilities within the stipulated time
To declare tax liability for a given period
Management of audit and anti-evasion programs for tax administration
Every registered person crosses the threshold limit.
Most parts of GSTR-2 will be auto-populated but some parts like details of imports, purchases from non-registered or composition suppliers and exempt/non-GST/nil GST supplies, etc., can be filled by the recipient only.
No, A registered taxpayer can get his return filed through Tax Return Preparer duly authorized by Central or the State tax administration or through an advocate, company secretaries, or chartered accountant.
Yes, it needs to be filed even if there is no business activity in the period.
Yes, it can be changed once at the time the first return of the financial year is filed.