GST Return

TYPES OF GST RETURNS AND THEIR DUE DATES

In this article, we will discuss the various returns that are required to be furnished under the new GST law.

What is GST?

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and state governments. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. In effect, GST provides revenue for the government

What is a Return?

                 A return is a document that a tax payer is required to file as per the law with the tax administrative authorities.

              Under GST law, a normal tax payer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a tax payer under the composition scheme, tax payer registered as an Input Service Distributor, a person liable to deduct or collect tax.

Types of GST Return (GSTR) Forms

                There are 11 GST Return forms under the new GST law. They are GSTR-1, GSTR-2, ..…, GSTR-11

GSTR-1 : “Return for Outward Supplies”

GSTR-1 prescribes the details to be provided by the taxpayer in relation to outward supplies made to the buyer for relevant period. GSTR-1 needs to be filed by every taxpayer except Composition Scheme taxpayers, Non-Resident Foreign taxpayers, TDS deductors, E-commerce Operators and Input Service Distributors as there are separate returns for them.

Date of filing of GSTR-1

This return is required to be filed by the 10th of subsequent month. (Example: GSTR-1 for the transaction month of April has to be filed before 10th May).

GSTR-2 : “Return for Inward Supplies”

According to GST law, every registered taxable person is required to submit “Return for Inward Supplies” in GSTR-2. The entries in GSTR-2 shall be mentioned by the buyer from 12th to 15th of the succeeding month. Adjustments, if any, is allowed to the seller in GSTR-1A on the 16th and 17th of the succeeding month after the buyer has uploaded his GSTR 2.

Date of filing of GSTR-2

This return is required to be filed by the 15th of subsequent month. (Example: GSTR-2 for the transaction month of April has to be filed before 15th May).

GSTR-3 : “Monthly Return”

GSTR-2 prescribes the details to be provided by the taxpayer on the basis of finalization in details of outward supplies made to the buyer for relevant period and inward supplies made from the suppliers along with the payment of amount of tax.

Date of filing of GSTR-3

This return is required to be filed by the 20th of subsequent month. (Example: GSTR-3 for the transaction month of April has to be filed before 20th May).

GSTR-4 : “Return for Composition Taxpayers”

The GSTR 4 is a return under GST that needs to be filed once every 3 months by registered tax payers who have signed up for the composition scheme (those who opt for this scheme are known as compounding vendors). They would be required to pay taxes at fixed rate without any input tax credit facilities.

  • The taxpayer is only required to indicate the total consolidated value of supplies made during the period and the tax paid at the composition rate.

  • Taxpayer will also need to declare invoice-level purchase information for the purchases from normal taxpayers, which will be auto-drafted in Form GSTR 4A from supply invoice uploaded by counter-party taxpayers in GSTR 1.

Date of filing of GSTR-4

This return is required to be filed by the 20th month succeeding quarter.

GSTR-5 : “Return filing for Non-Resident Foreign Taxpayers”

Non-Resident foreign taxpayers (special cases under GST Registration) are those suppliers who have come for a short period to make supplies in India without having any business establishments here. Products are normally imported to make local supplies. Therefore, they will be allowed to avail Input Tax Credit only on IGST paid on imports. However, other taxpayers can take credit for supplies made by them and filed in Form GSTR-5.

Date of filing of GSTR-5

Such taxpayers would be required to file the return in form GSTR-5 for the period for which they have obtained registration:

  • within a period of 7 days after the date of expiry of registration; or

  • to be filed monthly before 20th of the following month.

GSTR-6 : “Return to be filed by Input Service Distributors”

GSTR 6 Return is arranged to use for  Return for Input Service Distributor. Every ISD(Input Service Distributor) is required to furnish details of invoices in form GSTR 6.
Every Input Service Distributor shall, after adding, correcting or deleting the details contained in FORM GSTR-6A, furnish electronically a return in FORM GSTR 6.GSTR 6 return will contain details of tax invoices on which credit has been received.

Input Service Distributor under GST includes:

  • intermediary or an office which manages the business of manufacturer or producer

  • receives invoices from suplier toward purchase of input services

  • issues a prescribed document for distribution of input tax credit of CGST, SGST and / or IGST paid on the said services to a supplier of taxable goods and / or services having same PAN as that of the office referred to above.

Date of filing of GSTR-6

GSTR 6 can only be filed only after 10th of the month and before 13th of the month succeeding the tax period.

GSTR-7 : “Return for TDS under GST”

GSTR 7 is the return that has to be filed by the tax deductor about tax deducted at source. Deductor is required to file the return and has to provide the detail of amount of TDS in his return. When deductor pays the amount of TDS, it shall get reflected into the credit ledger of the deductee. The deductee shall claim credit, in his electronic cash ledger, of the tax deducted by the deductor.

Date of filing of GSTR-7

This return is required to be filed by the 10th of subsequent month.

GSTR-8 : “Return to be filed for Tax Collected at Source”

E-commerce operator, who is required to collect tax at source (TCS) under GST, shall furnish a statement in GSTR 8 electronically through the Common Portal. This return shall contain the Details of supplies effected through e-commerce operator and the amount of tax collected on supplier. The details furnished by the operator shall be made available electronically to each of the e-commerce sellers in Part D of GSTR 2A on the Common Portal after the due date of filing of GSTR 8.

Date of filing of GSTR-8

GSTR 8 is to be furnished by the 10th of the month succeeding the tax period.

GSTR-9 : “Annual Return”

Every registered taxable person is required to furnish an annual return under GST law, electronically in FORM GSTR-9 through the Common GST Portal. Likewise, a taxable person registered as a composition dealer shall furnish the annual return in FORM GSTR-9A.

GST law also states that every registered taxable person whose aggregate turnover during a financial year exceeds one crore rupees shall get his accounts audited. Such businesses shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9B, electronically through the Common Portal.

Date of filing of GSTR-9

GSTR-9 needs to be furnished by 31st December of next financial year.

GSTR-10 : “Final Return Under Goods and Services Tax

Every registered taxable person is required to furnish a final return under section 31, and they shall furnish such returns electronically in FORM GSTR-10 through the Common Portal.

A taxable person who ceases to do business voluntarily or by way of an order by the authorities is required to furnish this return.

Date of filing of GSTR-10

GSTR-9 needs to be furnished within three months of the date of cancellation or date of cancellation order, whichever is later.

GSTR-11 : “Inward Supplies Statement For UIN”

As per the Model GST law, every person, who has been issued a Unique Identity Number and claims a refund of the taxes paid on his inward supplies, shall furnish the details of such supplies of taxable goods and/or services in FORM GSTR-11. This return needs to be furnished by 28th of the month, following the month for which supply is received.

Unique Identification Number (UIN):

Unique Identity Number is a special classification made for foreign diplomatic missions and embassies which are not liable to taxes in Indian territory. Any amount of tax direct or indirect collected from such bodies is refunded back to them.

  • Any specialized agency of the United Nations Organization or

  • any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947),

  • Consulate  or

  • Embassy of foreign countries ;

  • Any other person or classes of person notified by the Commissioner shall obtain Unique Identification Number.

Date of filing of GSTR-11

This return needs to be furnished by 28th of the month, following the month for which supply is received.

 

TYPES OF GST RETURNS AND THEIR DUE DATES IN BRIEF

Return Form

What to file?

By Whom?

By When?

GSTR-1

Details of outward supplies of taxable goods and/or services effected

Registered Taxable Supplier

10th of the next month

GSTR-2

Details of inward supplies of taxable goods and/or services effected claiming input tax credit.

Registered Taxable Recipient

15th of the next month

GSTR-3

Monthly return on the basis of finalization of details of outward supplies and inward supplies 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

All these returns are required to be filed digitally online through a common portal to be provided by GSTN*, non-government, private limited company promoted by the central and state governments with the specific mandate to build the IT infrastructure and the services required for implementing Goods and Services Tax (GST).

*GSTN- Goods and Service Tax Network