Streamline Your Tax Compliance: Easy GST Return Filing Solutions

What is GST Return?

A GST Return is a complete statement that records all of a person financial transactions under GST, including revenues and expenditures. Every GSTIN holder is required to submit this information to the tax authorities in order for them to accurately calculate their net tax liability.

The GST return filing includes numerous key elements:

Purchases: It keeps detailed records of the taxpayer's purchases.
Sales: It gives a detailed record of the taxpayer's sales operations.
Output GST (On Sales): It records the GST levied on the taxpayer's sales.
Input Tax Credit (GST Paid on Purchases): It shows the GST paid on purchases, which can be subtracted from the GST owed on sales.

Who Should File GST Returns?

GST returns must be filed by any firm or individual who has registered for the GST. This requirement applies to organizations whose yearly aggregate turnover exceeds the set threshold, which is determined by the tax authorities and may change for different types of taxpayers, such as normal taxpayers and those that choose the composition scheme.

How Many Returns are there under GST?

Within the Goods and Services Tax (GST) system, 13 returns address various aspects of a taxpayer's financial transactions. It's important to note that not all taxpayers must file every form of return; the specific returns required depend on the taxpayer's category and the specifics of their GST registration.

Here's a snapshot of the 13 GST returns:

GSTR-1: Filed to disclose details of outward supply, primarily sales.
GSTR-3B: A summary return outlining both sales and purchases, including tax payments.
GSTR-4: For those in the Composition Scheme, it summarizes turnover and accompanying tax.
GSTR-5: For nonresident taxpayers who make taxable transactions in India.
GSTR-5A: is for providers of online information and database access or retrieval services.
GSTR-6: Used by Input Service Distributors for detailing input tax credit distribution.
GSTR-7: is for entities that are required to deduct TDS under GST.
GSTR-8: To be submitted by e-commerce operators who report transactions on their platform.
GSTR-9: An annual comprehensive return that summarizes all periodic filings for the fiscal year.
GSTR-10: The final return filed upon cancellation or surrender of GST registration.
GSTR-11: For people having a Unique Identity Number seeking refunds on their purchases.
CMP-08: A quarterly document outlining Composition Scheme taxpayers' tax liabilities.
ITC-04: Allows manufacturers to declare information about goods sent to and received by a job worker.

There are return-related statements for input tax credits.

GSTR-2A (dynamic): Provides real-time visibility into inward supply as providers report.
GSTR-2B (static): Generates a fixed snapshot of inward supply based on supplier filings.

For small taxpayers participating in the Quarterly Return Monthly Payment (QRMP) scheme, the Invoice Furnishing Facility (IFF) allows them to declare B2B sales during the first two months of each quarter. Nonetheless, these taxpayers must remit taxes monthly using Form PMT-06.

GSTR-1 (Return of Outward Supplies)

GSTR-1 is a statutory return that details firms' outward supplies of goods and services. This includes all sales-related invoices and adjustment notes for the specified tax period. Every regular taxpayer under GST, including casual taxable persons, is required to file GSTR-1.

Submission deadlines

Monthly: Due on the 11th of the succeeding month for enterprises with a yearly turnover of more than Rs. 5 crore or those not participating in the QRMP scheme.
Quarterly: Businesses participating in the QRMP system must submit their reports by the 13th of the month after the end of the quarter.

GSTR-2A: Dynamic Read-Only Return

GSTR-2A is a dynamic, read-only return for recipients or purchasers of goods and services that captures information about all incoming supply from registered GST suppliers throughout a tax period. The information in GSTR-2A is automatically filled in from suppliers GSTR-1 reports and Invoice Furnishing Facility (IFF) data for those participating in the QRMP system.

GSTR-2B (Static Read Only Return)

GSTR-2B, which was introduced in August 2020, is a static read-only return that contains consistent ITC information based on the preceding month's GSTR-1 filings. It assists consumers in matching their ITC claims for each tax period by advising on the necessary measures for each listed invoice, such as reversals, ineligibility, or the application of the reverse charge.

GSTR-2 (Deferred Returns)

GSTR-2, an editable return, is now deferred and was designed for registered purchasers to disclose their inward supply of goods and services over a tax year. Originally intended to be auto-filled from GSTR-2A, its submission has been on hold since September 2017.

GSTR-3B (consolidated return)

GSTR-3B, a monthly summary disclosure for regular taxpayers, lists outward supplies, input tax credits, and tax liabilities. Before reporting GSTR-3B, ensure that sales and ITC details are reconciled with GSTR-1 and GSTR-2B records.

Submission deadlines

Monthly: For taxpayers having an annual turnover of more than Rs. 5 crore, the due date is the 20th of the month after the reporting month.
Quarterly: Due on the 22nd of the month after the quarter for 'X' category states and on the 24th for 'Y' category states for taxpayers with a turnover of up to Rs. 5 crore under the QRMP scheme.

GSTR-4: Return for Composition Scheme Taxpayers

GSTR-4 is the annual return for Composition Scheme participants, due on April 30th of the following fiscal year. GSTR-4 has replaced the previous quarterly filings, and taxpayers now submit a simplified challan via Form CMP-08 by the 18th after each quarter's end.

Businesses with a goods turnover of up to Rs. 1.5 crores can use the Composition Scheme to pay tax at a predetermined rate. Service providers having a turnover of up to Rs. 50 lakh are eligible for a similar incentive.

GSTR-5 (Return of Non-Resident Foreign Taxpayers)

GSTR-5, required by non-resident foreign taxpayers operating in business in India, contains their export and inbound transactions, adjustments, tax liabilities, and payments. Submissions are due by the 20th of each month.

GSTR-5A: Return for OIDAR Service Providers

GSTR-5A is the monthly summary for suppliers of online information and database access or retrieval services, which is due on the 20th of each month.

GSTR 6 (Return for Input Service Distributors)

On or before the 13th of each month, Input Service Distributors must file GSTR-6, stating the ITC received and allocated, as well as thorough documentation relating to credit distribution.

GSTR-7 (TDS Returns)

Entities that deduct TDS under GST are required to file GSTR-7 regularly, documenting TDS deducted, due and paid amounts, and any TDS refunds, with filings due by the 10th of the following month.

GSTR 8 (Return for E-commerce Operators)

E-commerce firms subject to GST must report GSTR-8 monthly, recording the supplies made and the tax collected at source, by the 10th of the following month.

GSTR 9 (Annual Return)

All GST-registered taxpayers must file GSTR-9 on an annual basis, which summarizes their external and inward supply details, as well as taxes due and paid. The due date is December 31st, the year following

Due dates for various types of GST returns

GST Return	Type of Taxpayer	Due Date
GSTR-1	Regular Taxpayer	Monthly: 11th of the following month Quarterly: 13th of the month following the quarter
GSTR-2A (Auto-generated)	All Taxpayers	Auto-generated, utilized for reconciliation purposes
GSTR-3B	Regular Taxpayer	Monthly: 20th of the following month
GSTR-4	Composition Scheme Dealer	Annually: 30th of April following the end of the financial year
GSTR-5	Non-Resident Foreign Taxpayer	20th of the following month
GSTR-6	Input Service Distributor	13th of the following month
GSTR-7	Tax Deducted at Source (TDS)	10th of the following month
GSTR-8	E-commerce Operator	10th of the following month
GSTR-9	Regular Taxpayer (Annual)	31st December of the following financial year
GSTR-9C	Regular Taxpayer (Annual)	Filed along with GSTR-9, by 31st December of the following financial year

Penalty for Late Filing GST Returns

If you submit GST returns late, you could face penalties and interest charges. Businesses should submit on time to avoid these costs. Here's what you need to know about late GST returns:

Filing Returns is required: Every registered taxpayer, regardless of economic activity, is required to file GST returns on a regular basis.
Delays cause more delays: If you miss a filing deadline, you cannot file for the subsequent period until you have submitted for the prior one. This can lead to a backlog of late returns.
Penalties for late filing: If you file GSTR-1 late, you will face a penalty when you file GSTR-3B.
Interest for Late Tax Payments: If you pay your taxes late, you will be charged 18% interest each year from the day after the due date until you pay.
Late Filing Fees: The law establishes the late filing cost of Rs. 100 per day.
Annual Return Late Fees: For yearly returns like GSTR-9 and GSTR-9C, the late fee is capped at 0.25% of your turnover in your state or UT unless the government provides relief or changes the fees.

Documents Required For GST Return Filing

Invoice
Purchase Invoices
Bank Statement
Sales Invoices
Amended Invoices
Credit Notes
Debit Notes
Accounting Data

GST Return Filing FAQ's

A GST Return is a legally required document that all GST-registered businesses must file. It includes extensive information about a company's revenue and expenses. This document is required for tax authorities to determine the taxpayer's net tax burden.

GST returns must be filed by any firm or individual registered for GST in India. This obligation is especially relevant for individuals whose annual turnover surpasses a certain threshold specified by the tax authorities.

The GST system includes 13 types of returns that address various areas of a taxpayer's financial transactions. However, not every taxpayer is obliged to file all of these filings; it varies on their business type and GST registration details.

GSTR-1 is a monthly or quarterly return that reports details about a company's outward supply, or sales. For enterprises with an annual turnover of more than Rs. 5 crore, it is filed monthly by the 11th of the following month. Others file quarterly, on the 13th of the month after the quarter.

GSTR-3B is a monthly summary return that collects data on outward supplies, input tax credit claims, and tax payments. It is due on the 20th of the next month for enterprises with an annual turnover of more than Rs. 5 crore.

Taxpayers enrolled in the Composition Scheme must file GSTR-4 on a yearly basis. This return summarizes the turnover and corresponding tax for the year. It is due by April 30th of the subsequent financial year.

The GSTR-5 is a monthly return filed by non-resident foreign taxpayers who perform taxable transactions in India. It includes information on both external and inward supply and is due by the 20th of each month.

Late filing of GST returns pays penalties and interest. The late filing cost is Rs. 100 per day per act (CGST and SGST), which is capped at Rs. 5,000. In addition, late tax payments attract an 18% annual interest rate.

The Composition Scheme is for small taxpayers and allows them to pay GST at a predetermined rate based on their turnover rather than the regular rate.

GSTR-2A and GSTR-2B are read-only returns that give information on inward supply. GSTR-2A is dynamic, updating in real time, whereas GSTR-2B provides a fixed monthly snapshot.

Missing a GST return filing deadline results in penalties and may prevent you from completing future returns until the missed ones are submitted. Use Businessregistro to simply file your GST returns.

Yes, people can file GST returns through internet platforms. However, for compliance and accuracy, expert assistance or specialist software is advised. File easily with Businessregistro.

GSTR-9 is an annual return that summarises all periodic GST filings for the year. It must be submitted by December 31 of the next fiscal year.

GSTR-6 is a monthly return filed by Input Service Distributors that shows the input tax credits received and dispersed.

Small taxpayers can use the QRMP plan, which allows them to file quarterly returns while paying monthly taxes.

GSTR-7, the return for firms required to deduct TDS under GST, is due by the 10th of the month following the tax period.

A specialized GST Accountant will be assigned to your firm. Every month, the Accountant will collect and file your GST returns.

You can send us the information via email on any platform or upload it. We also welcome floppy copies of invoices and purchase information.

We will file GSTR-3B and GSTR-1 returns for normal GST-registered taxpayers. We will assist composition dealers in filing their GSTR-4 returns.

GST Return Filing Online

GST Return Filing

What is GST Return?

Who Should File GST Returns?