GST Return Filing is an essential part of the Goods and Services Tax (GST) regime in India. Every GST-registered business is required to file regular returns, providing details about their sales, purchases, taxes paid, and taxes collected. Filing timely and accurate returns is crucial for businesses to maintain compliance with GST laws and avoid penalties.
Simple Return Process
Easily file all three monthly returns plus the annual return at the lowest price at CAFilings.
What is GST Return?
GST implementation is set to go-live in 2017, completely overhauling India’s indirect tax system. Under the new GST regime, GST registration would be required for all enterprises involved in the buying or selling or delivery of services exceeding Rs.10 lakhs a year in north-eastern and hill states, while the limit is Rs.20 lakhs for rest of India. All entities having GST registration would be required to file GST returns. GST return filing would be mandatory for all GST registered entities irrespective of if there was any activity / sale during the return filing period.
GST registration holder would have to file GSTR-1 (details of outward supplies) on the 10th of each month, GSTR-2 (details of inward supplies) on the 15th of each month and GSTR-3 (monthly return) on the 20th of each month. Compounding taxpayers would be required to file GSTR-4 every quarter, on 18th of the month next to the quarter. Finally, annual GST return must be filed by all GST registered entities on/before the 31st of December.
Return Forms under GST
Form | Purpose | Duration | Due Dates |
GSTR-1 | Outward sales by business | Monthly | 10th of the subsequent month |
GSTR-2 | Purchases made by Business | Monthly | 15th of the subsequent month |
GSTR-3 | GST monthly return along with the payment of amount of tax | Monthly | 20th of the subsequent month |
GSTR-4 | Quarterly return for GST | Quaterly | 18th of the month quarterly |
GSTR-5 | Periodic return by Non-Resident foreign taxpayer. | Monthly | 20th of the subsequent month |
GSTR-6 | Return for Input Service Distributor (ISD). | Monthly | 15th of the subsequent month |
GSTR-7 | GST Return for TDS | Monthly | 10th of the subsequent month |
GSTR-8 | GST return for e-Commerce suppliers | Monthly | 10th of the subsequent month |
GSTR-9 | GST Annual Return | Monthly | 31st December of next Financial year |