Types of GST Returns In India | Due Dates And Return Details

September 12, 2019

5 min read

There are various kinds of GST returns in India and the business is liable to file all those returns within the due dates assigned.

AbhinavKalra

Abhinav Kalra

Consultant, Gurgaon

BUSINESS
Types of GST Returns In India | Due Dates And Return Details

 

Businesses in India are required to pay and collect taxes on every sale and purchase made and file timely returns with the tax authorities under the tax regime of India. The tax returns detail the outward and inward supplies, tax credit claimed and the goods or services in which the business deals in. With the implementation of Goods and Services Tax, all businesses require to file a single tax i.e. GST and file the different GST returns as per the nature and scale of the business.

What Is A GST Return In India?

A tax return is a document or report that lays down the details of a taxpayer’s income. In case of a GST return, the tax return provides the details relating to the tax collected or paid by the business during a particular period. A GST taxpayer is required to file the different monthly, quarterly and annual GST returns on or before the due dates assigned to the GST returns.

Any business that comes under the ambit of GST and holds a GST registration number is required to file its GST returns in India even if there is no business/earnings during the particular period. There are various kinds of GST returns in India and the business is liable to file all those returns as Nil return when the business has no activities during such period.

Different Types Of GST Returns In India

GSTR 1: Return For Outward Supplies

GSTR-1 is a monthly return filed to submit the details of outward supplies made by a business. The GSTR1 return lays down the sales made by a business during a month and the due date to file this return is 10 days from the end of the month for which the details are provided.

Talk to the best GST consultants in India to know more about GST Returns and filing GSTR-1 every month. 

GSTR-2: Return For Inward Supplies

GSTR-2 lays down the details of the inward supplies or purchases made by the business during the month. GSTR-2 includes all the details of purchases made for goods or services bought or availed by the startup in a month. This tax return has been suspended by the GST council in India.

GSTR 2A: Read Only Document

GSTR 2A is a purchase-related tax return which gets automatically generated for the business in its account on the GST platform. There is no due date assigned to GSTR-2A as it is auto-populated and does not require any GSTR filing.

GSTR 3

It was a monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax. There is no due date for this as the GSTR-3 was suspended.

GSTR 3B: Inward and Outward Supplies

GSTR-3B includes the details of outward supplies along with Input Tax Credit declared and payment of tax affected by the taxpayer. The due date of filing GSTR-3B is the 20th day of the succeeding month.

GSTR 4: GSTR For Composition Dealers

GSTR04 is for a taxpayer registered under the composition levy and must be filed by the 18th day of the next month.

GSTR 5: GSTR For Non-Resident Taxable Persons

GST return 5 for a Non-Resident foreign taxable person and must be filed by the 20th of the succeeding month.

GSTR-5A

Non-resident taxpayers who provide OIDAR services need to file this return by the 20th of succeeding month.

GSTR 6: GSTR For Input Service Distributors

This is a GST return for an Input Service Distributor and must be filed by the 13th of the next month.

GSTR 7: GSTR For Taxpayers Deducting TDS

It is for authorities deducting TDS. This return must be filed by the 10th of succeeding month.

GSTR 8: GSTR For E-Commerce Operators Collecting TCS

Details of supplies effected through e-commerce operator and the amount of tax collected are submitted in GSTR-8. The due date to file this return is10th of the next month.

GSTR 9: Annual GST Return

GSTR-9 is an Annual Return for a Normal Taxpayer for the financial year. The due date for filing GSTR-9 for FY 2017–18 has been extended to 31 November 2019. GSTR-9 is a highly complicated form and a business can seek guidance from an experienced GST Consultant in India to know about the details that go into this form.

GSTR 9A: Annual GST Return For Composition Dealers

It is an Annual Return a taxpayer registered under the composition levy anytime during the year. The due date for filing GSTR-9A for FY 2017–18 has been extended to 31 August 2019.

GSTR 9C: Return For Registered Persons Getting Accounts Audited From CA

It is an annual audit form for all the taxpayers having the turnover above 2 crores in a particular financial year. The due date for filing GSTR-9C for FY 2017–18 has been extended to 31 August 2019.

GSTR 11: Return For Taxpayers With UIN (Unique Identification Number)

Details of inward supplies to be furnished by a person having UIN and claiming a refund are included in this GSTR. The due date is 28th of succeeding month.

Penalty For Filing Late GST Returns In India

In case of late filing of any of the GST returns in India, a GST-liable business or taxpayer is fined INR 200 per day for each day the default continues. The maximum amount of fine for late filing of GSTR in India is INR 5000. However, there is an additional interest of 18% per annum levied on the late payment.

It is, therefore, advised to consult a good taxation consultant in India, to understand the details of the different kinds of GST returns in India and when and which return is to be filed by a startup to avoid unnecessary GST penalities. You can consult the best GST consultants near you by giving SeekWiser a call at +91-8010880066 or sending them an email at support@seekwiser.com.