GST return filing is completely an online process in India. GST filing is a very easy and quick process. However, returns must be filed correctly and error-free to ensure that GST credit can be passed on to the next stage. All you need is GST website login credentials to get started. Once your GST registration is done, filing a GST return is mandatory. Non-filing of the same entails heavy penalties.
All registered persons under GST are required to file various returns. The main returns to be filed are GSTR-3B (which is a monthly summary) and GSTR 1 (details of outward supplies).
GSTR 3B is to be filed every month by the 20th. However, the government has recently introduced the QRMP Scheme according to which if the turnover for a business for the previous year is up to 5 crores, you can pay your GST on a monthly basis and file your GSTR 3B quarterly.
Finally, an annual GST return GSTR 9 must be filed by all GST-registered entities on/before the 31st of December.
GSTR 4 is to be filed if you have opted for a composition scheme. The registered entities will be required to file GST returns even if the entity has not done any business during any period.
Additionally, there’s a yearly GSTR 9C to be filed, which is the GST Annual Audit. It is a reconciliation statement that needs to be certified by a practicing Chartered Accountant.
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| Return Form | Particulars | Frequency | Date |
|---|---|---|---|
| GSTR-1 | Details of outward supplies of goods and services | Monthly | 11th of the next month |
| GSTR-2B | Details of inward supplies of goods and services affected | Monthly | 13th of the next month |
| GSTR-3 | Monthly return, in the case of finalization of details of outward supplies and inward supplies along with the payment of tax. | Monthly | |
| GSTR-3B | It is a simple return in which the 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 |
| GSTR-4 | For all the taxable person registered under the composition levy | Quarterly | 18th of the next month after the quarter |
| GSTR-5 | Returns for a non-resident foreign taxable person | Monthly | 20th of the next month |
| GSTR-6 | Returns for an input service distributor | Monthly | 13th of the next month |
| GSTR-7 | Returns for authorities deducting TDS | Monthly | 10th of the next month |
| GSTR-8 | Details of supplies effected through the e-commerce operator and the amount of tax collected | Monthly | 10th of the next month |
| GSTR-9 | Annual return for a normal taxpayer | Annually | 30th December of the next financial year |
| GSTR-9A | The annual return of a taxpayer registered under the composition levy anytime during the year | Annually | 31st December of the next financial year |
| GSTR-9C | It is mandatory for registered taxpayers with a total turnover exceeding ₹5 Cr for the relevant financial year to file the GSTR 9C reconciliation statement. GSTR 9C must be prepared and self-certified by the taxpayer on the GST portal | Annually | 31st December of the next financial year |
| GSTR-10 | Final return | Only once, when GST registration is canceled or surrendered | Within 3 months of the date of cancellation or the date of cancellation of the order, whichever is later |
| GSTR-11 | Details of inward supplies to be furnished by a person having UIN and claiming a refund | Monthly | 28th of the following month for which the statement is filed |
The GST filing due dates in India vary based on the type of GST return. It's crucial for businesses to adhere to these deadlines to avoid penalties for late GST filing. Some key GST return due dates include:
1. GSTR-1 (Monthly Return for Outward Supplies): Due by the 11th of the succeeding month.
2. GSTR-3B (Monthly Summary Return): Generally due by the 20th of the succeeding month.
3. GSTR-4 (Quarterly Return for Composition Taxpayers): Due by the 18th of the month succeeding the quarter.
4. GSTR-5 (Monthly Return for Non-Resident Taxpayers): Due by the 20th of the succeeding month.
5. GSTR-6 (Monthly Return for Input Service Distributors): Due by the 13th of the succeeding month.
6. GSTR-7 (Monthly Return for Tax Deducted at Source): Due by the 10th of the succeeding month.
7. GSTR-8 (Monthly Return for E-commerce Operators): Due by the 10th of the succeeding month.
8. GSTR-9 (Annual Return): Due by December 31st of the subsequent financial year.
Get answers to all your queries
GST Return Filing is a process of submitting the details of the inward and outward supplies of goods and services along with the tax liability and tax paid to the government. It is mandatory for all registered taxpayers under GST.
All registered taxpayers under GST, including regular taxpayers, casual taxpayers, and composition scheme taxpayers, need to file GST Returns..
There are several types of GST Returns, including GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6, GSTR-7, and GSTR-9.
The due date for filing GST Returns varies based on the type of GST Return. For example, the due date for GSTR-1 is the 11th of the following month, while the due date for GSTR-3B is the 20th of the following month.
Late filing of GST Returns attracts a penalty of Rs. 50 per day for each day of delay, subject to a maximum of 0.25% of the taxpayer's turnover.
Yes, GST Returns can be revised multiple times until the due date of filing the annual return for that financial year.
The data or the invoices shall be provided in CSV format. In case if the client is using any Accounting software like Tally, QuickBooks etc., the details can be easily extracted in CSV format which will be used to feed the data in Returns.
The qualified Chartered Accountant(s) reviews the provided information. The experts will then direct the possible solutions in case of any discrepancy found in the data of outwards and inwards supply.