GST Return Filling
A.WHAT IS GST RETURN FILING (E-FILING)?
A GST return is a document containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability. Under GST, a registered dealer has to file GST returns that broadly include:
Table of Contents
- Purchases
- Sales
- Output GST (On sales)
- Input tax credit (GST paid on purchases)
B.WHO SHOULD FILE GST RETURN?
Under the GST regime, regular businesses having more than Rs.5 crore as annual aggregate turnover (and taxpayers who have not opted for the QRMP scheme) have to file two monthly returns and one annual return. This amounts to 25 returns each year.
Taxpayers with a turnover of up to Rs.5 crore have the option to file returns under the QRMP scheme. The number of GSTR filings for QRMP filers is 9 each year, which include GSTR-1 and GSTR-3B returns each and an annual return. Note that QRMP filers have to pay tax on a monthly basis even though they are filing returns quarterly.
There are also separate statements/returns required to be filed in special cases such as composition dealers where the number of GSTR filings is 5 each year (4 statement-cum-challans in CMP-08 and 1 annual return GSTR-4).
C.GST RETURN FORMS FOR REGULAR DEALERS:
| Return Form | Purpose | Due Date |
| GSTR-1 | Details of Outward supply of goods and service | 11th of Next Month |
| GSTR-2 | Details of inward supply of goods and service | 15th of Next Month |
| GSTR-3B | Summary details of Tax liability, ITC and payment of tax | 20th of Next Month |
| GSTR-9 | Annual Return | 31st Dec of next Financial year |
D.GSTR – 1
GSTR-1 is a monthly/Quarterly Statement of Outward Supplies to be furnished by all normal and casual registered tax payers making outward supplies of goods and services.
The Following tax payers are not required to file GSTR-1. They need to file different return as mentioned below.
| SL NO: | PERSONS | RETURN |
| 1 | Tax Payers under the composition Scheme. | GSTR-4 |
| 2 | Non-Resident Foreign Tax Payers | GSTR-5 |
| 3 | Online Information database and access retrieval Service Providers | GSTR-5A |
| 4 | Input Service Distributers (ISD) | GSTR-6 |
| 5 | Tax Deducted at Sources (TDS) (Deductor) | GSTR-7 |
| 6 | E-Commerce Operators Collecting TCS. | GSTR-8 |
E.DETAILS IN GSTR – 1 TABLE.
| B2B Invoices | Taxable Sales to Registered Dealers |
| B2C Small (Other) | Taxable Sales to Unregistered Dealers/Consumers Like: -1.All Intra-state Sales2.Interstate Sales – Invoice Value does not exceed Rs.250000/- |
| B2C Large | Taxable Interstate Sales to Unregistered Dealers/Consumers-Invoice Value exceed Rs.250000/- |
| 9B-Registered | Credit note/ Debit note (Registered Dealer) |
| 9B-Un registered | Credit note / Debit note (Unregistered Dealer) |
| 6A-Export Invoice | Export Sales with or Without Tax |
| Nil Rated Supplies | Nil rated, Exempted and Non GST Goods Sales |
| Tax Liability (Advances received) | |
| Adjustment of Advance | |
| HSN-wise Summary of Outward Supplies. | HSN – Wise Summary of Outward Supplies. |
| Documents Issued | List of sales invoice, Debit note, Credit note……….etc |
