GST Return Filing Online

Types of GST Returns and Due dates

Type of GST Returns and due dates: –

GSTR-1

GSTR-1 is a tax return in India that businesses use to report the details of the goods and services they have sold. It includes invoices and credit notes related to sales transactions for a specific period of time. Normal taxpayers registered for GST, including casual taxable persons, must file GSTR-1. Any amendments to sales invoices, even for previous periods, must be reported in GSTR-1. The frequency for filing GSTR-1 varies based on the business’s annual aggregate turnover and whether or not they have opted into the QRMP scheme. Businesses with an annual turnover of more than INR 5 crore or who have not opted into the QRMP scheme must file monthly by the 11th of each month. Businesses that have opted into the QRMP scheme must file quarterly by the 13th of the month following the quarter.

GSTR-2A

GSTR-2A is a GST return in India that is relevant for buyers of goods and services. It contains details of purchases made from GST-registered suppliers during a specific tax period. The data in GSTR-2A is automatically populated based on the data provided by the corresponding suppliers in their GSTR-1 returns, as well as data filed in the Invoice Furnishing Facility (IFF) by QRMP taxpayers. GSTR-2A is a read-only return, so no action can be taken in it, but it is used by buyers to accurately claim Input Tax Credit (ITC) for the financial year across multiple tax periods. If any invoices are missing, buyers can ask the sellers to upload them to their GSTR-1. Until August 2020, GSTR-2A was frequently used to claim ITC for each tax period, but afterward, buyers mostly referred to GSTR-2B, a static return, for this purpose.

GSTR-2B

GSTR-2B is a static GST return in India that is relevant for buyers of goods and services. It is available on a monthly basis starting in August 2020 and contains constant Input Tax Credit (ITC) data for a specific period when checked. The ITC details cover the period from the date of filing GSTR-1 for the previous month up to the date of filing GSTR-1 for the current month. GSTR-2B is made available on the 12th of each month, giving sufficient time before filing GSTR-3B, where ITC is declared. GSTR-2B allows buyers to take action against reported invoices, such as reversing, marking them as ineligible, subject to reverse charge, or referencing them in GSTR-3B table numbers.

GSTR-2

GSTR-2 is a GST return in India that was relevant for registered buyers to report the purchases of goods and services during a specific tax period. The details in GSTR-2 were automatically populated from GSTR-2A and could be edited. Normal taxpayers registered for GST were required to file GSTR-2, but the filing of this return has been suspended since September 2017.

GSTR-3

GSTR-3 was a GST return in India that was a monthly summary of the details of all outward supplies made, inward supplies received, and input tax credit claimed, as well as the tax liability and taxes paid. It was generated based on the GSTR-1 and GSTR-2 returns filed. Normal taxpayers registered for GST were required to file GSTR-3, but the filing of this return has been suspended since September 2017.

GSTR-3B

GSTR-3B is a monthly self-declaration GST return in India that summarizes the details of outward supplies made, input tax credit claimed, tax liability, and taxes paid. Normal taxpayers registered for GST are required to file GSTR-3B, and the sales and input tax credit details must be reconciled with GSTR-1 and GSTR-2B before filing. GST reconciliation is important to identify mismatches in data that could result in GST notices or suspension of GST registration. The frequency for filing GSTR-3B varies based on the business’s annual aggregate turnover and whether or not they have opted into the QRMP scheme.

Businesses with an annual turnover of more than INR 5 crore or who have not opted into the QRMP scheme must file monthly by the 20th of each month. Businesses with an annual turnover of INR 5 crore or less that have opted into the QRMP scheme must file quarterly by the 22nd of the month following the quarter for “X” category states, and the 24th of the month following the quarter for “Y” category states.

“X” category states include Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh, Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands, and Lakshadweep.

“Y” category states include Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, and New Delhi.

GSTR-4

GSTR-4 is an annual GST return in India that was filed by composition taxable persons, or those who have opted into a special tax payment scheme for small businesses with a turnover of up to INR 1.5 crore for goods and INR 50 lakh for services. It was due by 30 April of the year following the relevant financial year and replaced the previous GSTR-9A annual return for fiscal year 2019-2020 and beyond. Prior to fiscal year 2019-2020, GSTR-4 was filed on a quarterly basis, but it was replaced by a simple challan form CMP-08 filed by the 18th of the month following each quarter. The composition scheme is a system that allows small businesses to pay taxes at a fixed rate on their declared turnover instead of the standard GST rate.

GSTR-5

GSTR-5 is a GST return in India that must be filed by non-resident foreign taxpayers who are registered under GST and conduct business in India. It includes details of outward supplies made, inward supplies received, credit/debit notes, tax liability, and taxes paid.

GSTR-5 must be filed monthly by the 20th of each month under the GSTIN that the taxpayer is registered under in India.

GSTR-5A

GSTR-5A is a summary GST return in India that is used by providers of Online Information and Database Access or Retrieval Services (OIDAR) to report outward taxable supplies and tax payable under GST. This is due by the 20th of each month.

GSTR-6

GSTR-6 is a monthly GST return in India that must be filed by Input Service Distributors (ISD). It includes details of input tax credit received and distributed by the ISD, as well as details of documents issued for the distribution of input credit and the method of distribution.

GSTR-6 is due by the 13th of each month.

GSTR-7

GSTR-7 is a monthly GST return in India that must be filed by individuals or businesses required to deduct Tax Deducted at Source (TDS) under GST. It includes details of TDS deducted, the TDS liability payable and paid, and any TDS refund claimed.

GSTR-7 is due by the 10th of each month.

GSTR-8

GSTR-8 is a monthly GST return in India that must be filed by e-commerce operators registered under GST who are required to collect tax at source (TCS). It includes details of all supplies made through the e-commerce platform and the TCS collected on those supplies.

GSTR-8 must be filed on a monthly basis by the 10th of each month.

GSTR-9

GSTR-9 is an annual GST return in India that must be filed by taxpayers registered under GST. It is due by 31 December of the year following the relevant financial year and includes details of all outward supplies made and inward supplies received during the relevant financial year under different tax heads (CGST, SGST, and IGST) and a summary value of supplies reported under each HSN code, as well as details of taxes payable and paid. GSTR-9 is a consolidation of all monthly or quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed during the relevant financial year and is required to be filed by all taxpayers registered under GST, with some exceptions such as those who have opted for the composition scheme, casual taxable persons, input service distributors, non-resident taxable persons, and those who pay TDS under section 51 of the CGST Act.
According to CGST notification no. 47/2019, later amended, the annual return under GST for taxpayers with an aggregate turnover of less than INR 2 crore has been made optional for fiscal years 2017-2018, 2018-2019, and 2019-2020.

GSTR-9A

GSTR-9A was previously an annual GST return in India that was required to be filed by composition taxpayers, who are small businesses that have opted into a special tax payment scheme. It was a consolidation of all quarterly returns filed during the relevant financial year and has been suspended since GSTR-4 (annual return) was introduced for fiscal year 2019-2020. Prior to that, the requirement to file GSTR-9A was waived for fiscal years 2017-2018 and 2018-2019.

GSTR-9C

GSTR-9C is a reconciliation statement that must be filed by certain businesses registered for GST (a type of tax in India) if their annual turnover exceeds INR 2 crore. It must be certified by a Chartered Accountant or Cost & Management Accountant after they conduct a thorough GST audit of the business’s financial records and compare them to the GSTR-9 form. The deadline to file GSTR-9C is the same as the deadline for filing GSTR-9, which is the last day of December in the year following the relevant fiscal year. GSTR-9C must be filed for each GSTIN (a unique identification number for businesses registered for GST), so a single PAN (a unique identification number for individuals and businesses in India) may have multiple GSTR-9C forms filed.

However, according to the Union Budget 2021, the requirement for GST audits by professionals such as Chartered Accountants and Cost & Management Accountants has been removed from the GST law. The sections of the law dealing with this requirement have been amended but have not yet been officially notified by the Central Board of Indirect Taxes and Customs. As a result, GSTR-9 must now be filed on the GST portal by businesses on a self-certification basis, eliminating the need for GSTR-9C. It is unclear at this time which financial years and dates this change will apply to. Additionally, according to a CBIC notification from 2020, GSTR-9C is waived for businesses with an aggregate turnover of over INR 5 crore for the financial years 2018-19 and 2019-20.

GSTR-10

GSTR-10 is a tax return that must be filed by businesses in India whose registration for GST has been cancelled or surrendered. This return, also known as a final return, must be filed within three months from the date of cancellation or the date on which the cancellation order was issued, whichever comes first.

GSTR-11

GSTR-11 is a tax return that must be filed by individuals or organizations in India who have been issued a Unique Identity Number (UIN) and are seeking a refund of GST (a type of tax) for goods and services purchased in India. UINs are issued to foreign diplomatic missions and embassies that are not required to pay taxes in India, in order to allow them to claim a refund of taxes. GSTR-11 will include details about the inward supplies (goods and services received) and the refund being claimed.

Benefits of GST Return Filing

There are several benefits to filing GST returns, including:

1. Compliance with the law: Filing GST returns is a legal requirement for businesses registered for GST in India, and failure to do so can result in penalties and fines.
2. Improved credibility: Filing GST returns on time and accurately can help businesses establish credibility and build trust with customers and suppliers.
3. Better cash flow management: Filing GST returns allows businesses to claim any GST credits they are entitled to, which can help improve cash flow.
4. Easy tracking of tax liability: Filing GST returns enables businesses to track their tax liability and make necessary payments on time, helping to avoid any interest or penalties.
5. Simplified tax filing: The GST system allows businesses to file their returns and pay their taxes online, making the process more efficient and convenient.
6. Improved record-keeping: Filing GST returns requires businesses to maintain accurate financial records, which can help them make better business decisions and prepare for future tax audits.

Documents Required for GST Return Filing

1. Invoices issued to businesses or individuals with a GSTIN (a unique identification number for businesses registered for GST in India) for B2B (business-to-business) transactions.
2. Invoices issued to businesses or individuals without a GSTIN for B2C (business-to-consumer) transactions. This information only needs to be submitted if the total value is above INR 2.5 lakhs.
3. A summary of inter-state sales (sales between states in India).
4. A breakdown of all goods sold by their HSN (Harmonized System of Nomenclature) code.
5. Any other debit or credit notes or advance receipts that need to be accounted for.

Why Advisource

Advisource has a team of experienced and qualified professionals who are able to provide valuable assistance with filing your GST Return. Each month, Advisource helps many businesses using a combination of technology and the expertise of our expert professionals. We make the tax filing process easy and smooth by handling all the paperwork and providing clarity about what to expect. Advisource has a team of over 50+ experienced business advisors and legal professionals who are available to assist with tax filing services.

FAQs on closure of LLP