With the implication of Goods and Service Tax in India, the Government specifies verify various Forms to be filed by any registered taxpayer. In this blog, we will know the different types of GST Returns under GST.
Let’s get started..
Types of GST Returns
GSTR-1 is the return to be furnished by every taxpayer for reporting details of all outward supplies of goods and services during a tax period, and also for reporting debit and credit notes issued. Any amendments to sales invoices made, even pertaining to previous tax periods, should be reported in the GSTR-1 return.
GSTR-1 is to be filed by all normal taxpayers who are registered under GST. It is to be filed monthly, except in the case of small taxpayers with turnover up to Rs.1.5 crore in the previous financial year, who can file the same on a quarterly basis.
GSTR-2A is the report that is downloaded from a common portal containing details of all inward supplies of goods and services i.e. purchases made from registered suppliers during a tax period. The data is auto-populated based on data filed by the suppliers in their GSTR-1 return. No alteration can be made in GSTR-2A. It is statements used to reconcile your purchases during a tax period.
GSTR-3B is a monthly return to be filed by all taxpayers on the basis of self-declaration. In GSTR-1 all the outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid are furnished in summarized details format.
A separate GSTR 3B form has to be filed for each GSTIN. GSTR 3B form does not require invoice level information. It only requires total values for each field, like a summary, for the month for which filing is done.
Since taxpayers are not required to list invoice details on GSTR-3B, there is no process for matching invoices.
However, if the total values of purchases and sales reported on GSTR-3B don’t match the values later reported on forms GSTR-1, GSTR-2, and GSTR-3 for the corresponding months, taxpayers will be required to pay the additional GST, as well as penalties and interest.
The GSTR 4 is a return under GST that needs to be filed once every 3 months by registered taxpayers 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 a fixed rate without any input tax credit facilities.
The Composition Scheme is a scheme in which taxpayers with turnover up to Rs.1.5 crores can opt into and pay taxes at a fixed rate on the turnover declared. 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.
A 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 the supply invoice uploaded by counter-party taxpayers in GSTR 1.
GSTR 4 has a total of 13 headings, the taxable person need not worry as most of these will be pre-filled. But we need to understand certain terms:
The Form GSTR-5 is a document/statement that has to be filed by every registered non-resident taxable person for the period during which they carry out business transactions in India. This can either be done online or from a tax facilitation center. This document must contain the details of all outward supplies (e.g.: sales) and inward supplies (e.g.: purchases) made and received by the taxpayer.
This is the return to be filed by non-resident foreign taxpayers, who are registered under GST and carry out business transactions in India. The return contains details of all outward supplies made, inward supplies received, credit/debit notes, tax liability and taxes paid. The GSTR-5 return is to be filed monthly for each month that the taxpayer is registered under GST in India.
GSTR-6 is a monthly return to be filed by an (ISD) Input Service Distributor. It will contain details of input tax credit received and distributed by the ISD. It will further contain details of all documents issued for the distribution of input credit and the manner of distribution.
GSTR 7 is the return that has to be filed by the tax deductor about tax deducted at the source. Deductor is required to file the return and has to provide the detail of the amount of TDS in his return. When the 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.GSTR-7 is a monthly return to be filed by persons required to deduct TDS (Tax deducted at source) under GST. GSTR 7 will contain details of TDS deducted, the TDS liability payable and paid and TDS refund claimed if any.
GSTR-8 is a monthly return to be filed by e-commerce operators registered under the GST who are required to collect tax at source (TCS). GSTR-8 will contain details of all supplies made through the E-commerce platform, and the TCS collected on the same. The GSTR-8 return is to be filed on a monthly basis.
GSTR-9 is the annual return to be filed by taxpayers registered under GST. It will contain details of all outward supplies made, Input Tax Credit inward supplies received during the relevant previous year under different tax heads i.e. CGST, SGST & IGST and HSN codes, along with details of taxes payable and paid. It is a consolidation of all the monthly or quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed during that year.
GSTR 9 is the annual return. It is a compilation return which includes all business transactions done for the particular Financial Year. GSTR-9 consists of details about the supplies made and received during the year under different tax heads i.e., CGST, SGST, and IGST. It consolidates the information furnished in the monthly/quarterly returns during the particular year.
GSTR-9 is required to be filed by all taxpayers registered under GST*, except taxpayers who have opted for the Composition Scheme, Casual Taxable Persons, Input Service Distributors, Non-resident Taxable Persons and persons paying TDS under section 51 of CGST Act.
To learn how to file GSTR-9, click here..
GSTR-9A is the annual return to be filed by taxpayers who have registered under the Composition Scheme in a financial year*. It is a consolidation of all the quarterly returns filed during that financial year. GSTR-9A filing for Composition taxpayers has been waived off for FY 2017-18 and FY 2018-19 as per the decision was taken in the 27th GST Council meeting.
The given notification asserts that the amendments and relevant changes have been done in the GSTR 9 and GSTR 9C which is given in the Notification No. 56/2019 dated 14.11.2019. Also, the said changes will be reflected in the application software and the offline tools by 10th Dec. 2019.
The central board of the indirect taxes department has once again revised the due date of GSTR 9 & 9C.
GST Annual Return (GSTR 9, 9A & 9C) May Be Discarded For Small Taxpayers (the notification may be disclosed by GST Council in the next 37th meeting).
GSTR 9C is an annual audit for the reconciliation statement. As the name suggests, it is a report showing year-end reconciliation, arising out of the difference in Books of Accounts of the taxpayer and the GSTR 9 (i.e. annual return) for the relevant year. But, to our joy, not all registered taxpayers are required to file GTSR 9C. Instead, only those having the aggregate turnover exceeding Rs 2 crore during the relevant previous year are bound to follow this provision under Section 35 (5) of CGST ACT, 2017. Further, to the ease of tax filers, no hard copies are required to be furnished. Rather, a simple click and online submission to the GSTN portal will be construed as complete compliance of the law.
GSTR-9C is the reconciliation statement to be filed by all taxpayers registered under GST whose turnover exceeds Rs.2 crore in a financial year. The registered person has to get their books of accounts audited by a Chartered/Cost Accountant. The statement of reconciliation is between these audited financial statements of the taxpayer and the annual return GSTR-9 that has been filed.
To learn how to file GSTR-9, click here..
GSTR-11 periodical is the return to be filed by persons who have been issued a Unique Identity Number (UIN) in order to get a refund under GST for the goods and services purchased by them in India. UIN is a classification made for foreign diplomatic missions and embassies not liable to tax in India, for the purpose of getting a refund of taxes. GSTR-11 will contain details of inward supplies received and refund claimed.
Due Dates of Filing GST Returns
These returns are as per the CGST Act
|Return Form||Particulars||Frequency||Due Date|
|GSTR-1||Details of outward supplies of taxable goods and services||Monthly||11th* of the next month with effect from October 2018|
|GSTR-3B||Return in which summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by the taxpayer||Monthly||20th of the next month|
|CMP-04||Return for a taxpayer registered under the composition levy||Quarterly||18th of the month succeeding quarter|
|GSTR-5||Return for a Non-Resident foreign taxable person||Monthly||20th of the next month|
|GSTR-6||Return for an Input Service Distributor (ISD)||Monthly||13th 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-9||GSTR-9 Annual Return for a Normal Taxpayer||Annually||31st December of next financial year*|
|GSTR-9A||Annual Return a taxpayer registered under the composition levy anytime during the year||Annually||31st December of next financial year*|
|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|
Late filing of GST Returns
Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return.
You cannot file a return if you do not file the previous month/quarter’s return.
Hence, the late filing of GST return will have a cascading effect leading to heavy fines and penalties.
The late filing fee of the GSTR-1 is populated in the liability ledger of GSTR-3B filed immediately after such delay.
Interest/late fees to be paid
Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. It shall be calculated on the Net tax liability identified in the ledger at the time of payment. The time period will be from the next day of filing due date till the actual date of payment.
As per GST Act Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. The total will be Rs. 200/day. The maximum is Rs. 5,000. There is no late fee on IGST.
To learn more about late fees charged across the GST Return periods, read our article on Late fees under GST.