Table of Contents
Introduction:
A GST return is a form that every tax payer who are registered under the Goods and Services Tax (GST) Act must file the prescribed return within the specified due date. There are various forms prescribed under the GST act, which has specific objective like GSTR -1 for declaring the sales transactions, GSTR – 2A & 2b for Purchase transactions and GSTR 3B for Adjusting the input tax and output tax to ascertain tax liability. In this article we shall see various types of GST return and their due dates.
Types of GST Return and their due dates
GSTR-1 ( GST return )
Form GSTR-1 is a monthly or quarterly Statement of Outward Supplies to be furnished by all normal and casual taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
Any amendments to sales invoices made, even pertaining to previous tax periods, must be reported in the GSTR – 1 by all the suppliers or sellers who are registered under GST.
Due date of filing GSTR – 1 is 11th of the following month and in case of Quarterly return 13th of the month following every Quarter
Example – For the month of August, GSTR -1 the due date is 11th of September, in case of Quarterly return, for the quarter July to September the due date is 13th October.
GSTR- 2A
Form GSTR-2A is a read only statement. It contains the details of all inward supplies of goods and services i.e., purchases made from GST registered suppliers during a particular tax period.
The data is auto-populated based on the data filed by the suppliers in their GSTR-1 returns. It is referred by the buyers to claim an accurate Input Tax Credit (ITC). In case any invoice is missing, the buyer can communicate with the seller to upload it in their GSTR-1 on a timely basis.
GSTR- 2B
Form GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by suppliers in the Form GSTR-1 . The statement will indicate availability of Input Tax Credit to the registered person for the particular month. The return is made available on the 14th of every month, giving sufficient time before filing GSTR-3B.
Form GSTR-2B will be generated for each month on the 14th day of the succeeding month. For example, for the month of August 2023, the statement will be generated and made available to the registered person on 14th September 2023
GSTR- 3B ( GST return )
Form GSTR-3B is a monthly self-declaration statement to be filed, for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid for a particular period.
In simple words GSR 3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities.
A normal taxpayer is required to file Form GSTR-3B returns for every tax period.
Due date of filing GSTR – 3B is 20th of the following month and in case of Quarterly return 22nd of the month following every Quarter.
GSTR- 4
GSTR – 4 is the annual GST return that has to be filed by the tax payer, who have opted for composition scheme. Such taxpayers are required to furnish details regarding summary of outward supplies, Inward supplies, import of services and supplies attracting reverse charge in this form.
Due date of filing GSTR – 4 is 30th April of the year, following the relevant financial year.
GSTR- 5
GSTR – 5 is the return to be filed by non-resident taxpayers, who are registered under the GST act and carry out the business in India.
Due date of filing GSTR 5 – is 13th of the every month.
GSTR- 5A
GSTR – 5A is the return to be furnished by Online Information and Database Access or Retrieval (OIDAR) services provider, of the services provided to non-taxable persons, from a place outside India to a person in India.
GST Due date of filing GSTR 5A – is 20th of the every month.
GSTR- 6
GSTR – 6 is a monthly return to be filed by the input service distributor ( ISD ). Only those persons who are registered as Input Service Distributor (ISD) need to file Form GSTR-6. It is a mandatory return, to be filed on monthly basis.
GST Due date of filing GSTR 6 – is 13th of the every month.
GSTR- 7
Form GSTR-7 is a return which is required to be filed by the persons who required to deduct TDS (Tax deducted at source) under GST Act.
Due date of filing GSTR 7 – The due date for filing Form GSTR-7 is 10th day of the succeeding month.
GSTR- 8
Form GSTR-8 is a Statement of TCS (Tax Collected at Source) to be filed by E Commerce Operators. It contains details of all supplies made through the e-commerce platform, and the TCS collected for those supplies.
Due date of filing GSTR 8 – is 10th of every month.
GSTR- 9
Form GSTR-9 is an annual gst return to be filed once for each financial year, by the registered taxpayers who were regular taxpayers under GST. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. in this return.
Due date of filing GSTR 9 – is 31st December of the subsequent financial year.
GSTR- 9A
GSTR-9A is an annual gst return to be filed once, for each financial year, by taxpayers who have opted for composition scheme. 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.
Due date of filing GSTR 9A – is 31st December of the subsequent financial year.
GSTR- 9C
GSTR-9C is a reconciliation statement, duly verified and digitally signed by Chartered Accountant/ Cost Accountant. This form is required to be furnished along with filing of annual return in gst Form GSTR-9, by the taxpayer whose aggregate turnover is above a specified limit, during a financial year.
Due date of filing GSTR 9C – is 31st December of the subsequent financial year.
GSTR- 10
A taxable person whose GST registration is cancelled or surrendered has to file a return in Form GSTR-10 and it’s also called as Final Return. It should be filed within three months from the date of cancellation or cancellation order, whichever is earlier.
GSTR- 11
GSTR-11 is a form to be filed by every registered person, who has been issued a Unique Identity Number (UIN), to get tax credit/refunds under GST for the goods and services purchased by them in India. GSTR-11 is a statement of inward supply of goods or services or both received by Unique Identity Number (UIN) holders.
Conclusion:
In the world of GST compliance, understanding the types of GST forms and adhering to the prescribed return due dates, businesses can ensures smooth operations, avoids penalties, and maintains a healthy working capital. Remember that GST laws and due dates may change over time, so it’s essential to stay updated with the latest regulations about gst return and seek professional advice if needed.
Disclaimer: The content and views stated in this article is solely for informational purposes.
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