Every registered person is mandatorily required to file the GST Return within the prescribed due date as given under the Act whether on the monthly or quarterly basis. It is a document filed by the registered person mentioning the details of purchase, sale, input tax credit for a specific period of time, The GST Return is required to be filed electronically. In case the returns are not filed within the prescribed due dates, it will attract provisions for late fees and interest in subsequent months.
GSTR-1/IFF
According to Section 37 Every registered person other than
- An Input Service Distributor,
- A non-resident taxable person and
- A Composition Dealer as per section 10
- A person deducting tax at source as per section 51
- A Person collecting tax at source as per section 52 (i.e e-commerce operator)
shall furnish electronically the details of outward supplies of goods or services or both in such form and manner as may be prescribed, effected during a tax period and such details shall be communicated to the recipient of the said supplies within such time and in such manner as may be prescribed.
- GSTR-1 is applicable for Monthly return, and GSTR IFF is for taxpayers opted QRPM Scheme.
Due Date of Furnishing the GSTR-1/IFF
- GSTR 1: 11th of the next month
- IFF: 13 of the next month.
GSTR-2A
GSTR-2A is an auto-populated statement which contains details of all inward supplies of goods and services or both. It is an auto-generated statement containing the details of input tax credit shall be made available electronically to the recipients of such supplies in such form and manner as explained in rule 60, within such time as may be prescribed and will automatically arise in GSTR-2A return of the recipient. It consist of:
- Details of all outward supplies furnished by the registered persons under their GSTR-1/IFF
- Details of Invoices furnished by Non Resident in form GSTR-5
- Details of Invoices furnished by an Input Service Distributor in form GSTR-6
- Details of TDS furnished by deductor in form GSTR-7
- Details of TCS furnished by e-commerce operator in Form GSTR-8
- Details of IGST paid on Import of Goods brought in DTA from SEZ unit/ developer on bill of entry
GSTR-2B
GSTR-2B is an auto-drafted ITC statement, generated for every registered taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 and GSTR-6 for the month/Quarter under QRPM scheme.. The statement indicates availability and non availability of input tax credit to the taxpayer against each document filed by his suppliers.
GSTR-2B is a static statement and is made available for each month on the 14 th day of the succeeding month, process of GSTR-2B generation starts after ending of IFF, GSTR-5 and GSTR-6 due date on 13th midnight and therefore GSTR-2B can be made available to the taxpayer in the afternoon of 14th of the month.
- Details of all outward supplies furnished by the registered persons i.e supplier under their GSTR-1/IFF.
- Details of Invoices furnished by Non Resident in form GSTR-5.
- Details of Invoices furnished by an Input Service Distributor in form GSTR-6.
- Details of IGST paid on Import of Goods brought in DTA from SEZ unit/ developer on bill of entry.
GSTR-3B
Form GSTR-3B is a summary return and the return is for taxpayers to declare their summary of GST liabilities for a particular tax period and discharge these liabilities. A registered person is required to file Form GSTR-3B returns for every tax period.
It is a tax return where taxpayers are required to provide consolidated details of their outward, inward supplies, and the tax liability for a particular tax period. All normal taxpayers and casual taxpayers are required to file Form GSTR-3B even if there is no business in that particular tax period.
- Due date for monthly: 20th of the next month
- Due date for quarterly: 24th of the next month
However, the due date for filing Form GSTR-3B can be extended by the Government through notification.
GSTR-4
Form GSTR-4 (Annual Return) is an annual GST Return to be filed, for each financial year, by a registered person who has opted for composition scheme during the financial year. Such taxpayers are required to furnish details for summary of outward supplies, Inward supplies, import of services and supplies attracting reverse charge.
Due Date: 30th of the month succeeding the financial year or as extended by Government from time to time.
GSTR-5
GSTR-5 is a GST Return that needs to be filed by non-resident taxpayers under the Goods and Services Tax (GST) act. Non-resident taxpayers are those who do not have a fixed place of business in India but are engaged in supplying goods or services within the country.
Due date:
- if registration is less than a month within a period of seven days after the date of expiry of registration.
In case, validity of registration is more than one month, monthly return should be filed by 13th day of the month succeeding the tax period or within seven days of closing the business whichever is earlier (applicable from October 2022)
GSTR-6
GSTR-6 is a GST Return to be filed by Input Service Distributors (ISDs) under the Goods and Services Tax (GST) Act. ISDs are entities that receive invoices for input services and distribute the input tax credit (ITC) to their branches or units that are registered under GST.
Due date: 13th of next month
GSTR-7
GSTR-7 is a GST Return that needs to be filed by taxpayers who are required to deduct tax at source (TDS) at the time of making/crediting payment to suppliers towards the inward supplies received under the Goods and Services Tax (GST) act.
Legal obligation for Tax deductor:
- To declare his TDS liability for a given period in Form GSTR-7;
- Furnish details of the TDS deducted under three major heads viz., CGST,SGST & IGST
- File correct and complete return within stipulated time frame, given the fact that the TDS credit will be available to the counterparty i.e supplier upon filing of TDS return in Form GSTR-7 by the Deductor and
- Issue TDS certificate to the deductee.
Entities Requirement to Deduct Tax at Source
As per section 51 of the CGST Act, following persons/entities/establishments are needed to deduct TDS.
- A department or establishment of the Central Government or State Government
- local authority
- Governmental agencies
- such persons or category of persons as may be notified by the Government on the recommendations of the Council.
Due date: 10th of the next month
GSTR-8
GSTR-9 is an annual GST Return that needs to be filed once for each financial year. The taxpayers need to furnish details of Outward/Inward supplies, input tax credit or refund claimed/ request raised or demand created etc. in the return.
Persons need to file GSTR-9
- Regular registered person
- SEZ units and SEZ developers
- Taxpayers who have withdrawn from Composition Scheme to regular taxpayer scheme at any time during financial year
Note:
- Composition taxpayers can file Annual Return in Form GSTR-9A.
- Annual Return is not required to be filed by casual taxpayer / Non Resident taxpayer / ISD/ OIDAR Service Providers.
Threshold Limit: – If turnover exceed 2 cr in a financial year then mandatory to file GSTR9
Due date: 31st December of the next financial year.
GSTR-9C
Form GSTR-9C is a reconciliation statement, duly verified and digitally signed by Authorized Signatory registered on GST Portal. This form is required to be furnished along with filing of GSTR-9 i.e annual return, by the taxpayer whose aggregate turnover is above a specified limit during a financial year.
Persons need to file GSTR-9C
- Normal taxpayers (including SEZ unit and developer)
Due Date: 31st December of the next financial year.
GSTR-10
Registered person whose GST registration is canceled or surrendered has to file a final return in Form GSTR-10. It is a statement of closing stocks (including inputs and capital goods) held by such registered person on the day immediately preceding the date from which cancellation is made effective. This return includes details of ITC involved in closing stock including inputs and capital goods) to be reversed/ paid by the taxpayer.
Due Date: Within three months of the date of cancellation or date of order of cancellation, whichever is later.
CMP-08
CMP-08 is applicable for registered person who are registered as composition taxable person or who have opted for composition levy under the Goods and Services Tax (GST) act need to file Form GST CMP-08.
The Composition Scheme is a simplified tax scheme for small businesses with a turnover below a certain threshold. The limit is 1.5 cr. It includes details or summary of self-assessed tax which is payable for a given quarter by registered person who have opted for the Composition Scheme or composition levy.
Due date: 18th of the month succeeding the quarter.
FAQ's
According to Section 37 “Every registered person other than
- An Input Service Distributor,
- A non-resident taxable person and
- A Composition Dealer as per section 10
- A person deducting tax at source as per section 51
- A Person collecting tax at source as per section 52 (i.e e-commerce operator)
shall furnish electronically the details of outward supplies of goods or services or both in such form and manner as may be prescribed, effected during a tax period and such details shall be communicated to the recipient of the said supplies within such time and in such manner as may be prescribed.
GSTR IFF is for taxpayers who opted for the QRPM Scheme.
- GSTR 1: 11th of the next month
- IFF: 13 of the next month.
GSTR-2A is an auto-populated statement which contains details of all inward supplies of goods and services or both. It is an auto-generated statement containing the details of input tax credit shall be made available electronically to the recipients of such supplies in such form and manner as explained in rule 60, within such time as may be prescribed and will automatically arise in GSTR-2A return of the recipient.
No, you don’t need to file form GSTR-2A. It is a read only document so that you can find a record of all the invoices from various suppliers in a given tax period.
All normal taxpayers and casual taxpayers are required to file Form GSTR-3B even if there is no business in that particular tax period.
- Due date for monthly: 20th of the next month
- Due date for quarterly: 24th of the next month
However, the due date for filing Form GSTR-3B can be extended by the Government through notification.
- Form GSTR-4 (Annual Return) is an annual return to be filed, for each financial year, by a registered person who has opted for composition scheme during the financial year. Such taxpayers are required to furnish details for summary of outward supplies, Inward supplies, import of services and supplies attracting reverse charge.
- GSTR-5 is a return that needs to be filed by non-resident taxpayers under the Goods and Services Tax (GST) act. Non-resident taxpayers are those who do not have a fixed place of business in India but are engaged in supplying goods or services within the country.
- GSTR-6 is a return to be filed by Input Service Distributors (ISDs) under the Goods and Services Tax (GST) Act. ISDs are entities that receive invoices for input services and distribute the input tax credit (ITC) to their branches or units that are registered under GST.
The due date of filing form GSTR-6 is 13th of next month.
GSTR-7 is a return that needs to be filed by taxpayers who are required to deduct tax at source (TDS) at the time of making/crediting payment to suppliers towards the inward supplies received under the Goods and Services Tax (GST) act.
You can file form GSTR-7 before or on 10th of the next month.
GSTR-8 needs to be filed by every e-Commerce operator who is required to collect taxes at source (TCS) for all the taxable supplies made through it. The details of such taxable supplies and the tax collected at source by the e-commerce operator need to be recorded in the GSTR-8 form.
The due date of filing form GSTR-9 is 31st December of the next financial year.
- If turnover exceeds 2 cr in a financial year then it is mandatory to file GSTR9.
- Taxpayer whose aggregate turnover is above a specified limit i.e. 5Cr. during a financial year.
- Registered person whose GST registration is canceled or surrendered has to file a final GST Return in Form GSTR-10. It is a statement of closing stocks (including inputs and capital goods) held by such registered persons on the day immediately preceding the date from which cancellation is made effective. This return includes details of ITC involved in closing stock including inputs and capital goods) to be reversed/ paid by the taxpayer.
CMP-08 is applicable for registered persons who are registered as composition taxable persons or who have opted for composition levy under the Goods and Services Tax (GST) act need to file Form GST CMP-08.
The due date of filing form CMP-08 is 18th of the month succeeding the quarter.
