EN 
Goods and Services Tax was introduced in an effort to bring all taxes under one uniform structure. In this article, we will throw light on who needs to file GST returns, the process of filing GST returns and the schedule. All registered businesses have to file monthly as well as quarterly and annual returns depending on the nature of business. In simple terms, GST return is a document which contains details of income which is mandatory for all taxpayers to file with the concerned authorities.
This document then serves as the framework which the authorities use to calculate tax liabilities. Under the gamut of GST, a registered deals has to file GST returns which also include
Who needs to file GST Returns? As per the mandate of GST, any business has to file two monthly returns and one annual return. In an effort to keep the system simple and easily manageable – one can manually enter the details of one monthly return through GSTR-1 and the other return which is GSTR 3B will be auto populated using the same information filed by you and your vendors.
There are however separate returns which need to be filed by composition dealers. What are the types of GST Returns? Now, since GST covers the entire gamut of economic transactions, there are different kinds of returns that need to be filed. Let’s take a look at them
| Return Form | Particulars | Interval | Due Date |
| GSTR-1 | Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019 ( Taxpayers whose turnover is more than Rs. 1.5 Crores in previous year) | Monthly | 11th of the next month |
| GSTR-2 | Details of inward supplies of taxable goods and/or services effected claiming input tax credit. | Monthly | 15th of the next month (Suspended now ) |
| 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. | Monthly | 20th of the next month |
| GSTR-9 | Annual Return | Annually | 31st December of next financial year |
| GSTR-3B | Return for the months of up to March 2019 | Monthly | 20th of the next month |
Under the composition scheme, a dealer can enjoy the benefits of lesser returns as well as compliances with payment of taxes at nominal rates. Further, a composition dealer is required to file only 2 returns.
| Return Form | Particulars | Interval | Due Date |
| GSTR-4 | Return for compounding taxable person | Quarterly | 18th of the month succeeding quarter** |
| GSTR-9A | Annual Return | Monthly | 31st December of next financial year |
| Return Form | Particulars | Interval | Due Date |
| GSTR-5 | Return for Non-Resident foreign taxable person | Monthly | 20th of the next month*** |
| GSTR-5A | Return for Non-resident persons providing OIDAR services | Monthly | 20th of the next month*** |
| GSTR-6 | Return for Input Service Distributor | Monthly | 13th of the next month*** |
| GSTR-7 | Return for authorities deducting tax at source. | Monthly | 10th of the next month |
| GSTR-8 | Details of supplies effected through e-commerce operator and the amount of tax collected | Monthly | 10th of the next month |
| GSTR-10 | Final Return | Once. When registration is cancelled or surrendered | 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 and claiming refund | Monthly | 28th of the month following the month for which statement is filed |
At the outset, the GST filing process may seem to be slightly complicated, however the Government has tried its best to ensure that the process is seamless and easy to understand for businesses. If you have queries in respect to GST, GST filing or latest notifications, you can write to us at info@ascgroup.in and we promise to get back to you in 24 hours.
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