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GST RETURN

OVERVIEW

Goods and Services Tax Act (GST) is a levy all over India from 01/07/2017. Under the new GST regime, nearly 1.4 crore businesses in India have obtained GST registration. All the entities who registered under GST Act are required to file GST returns every month & pay tax according to GST rule & regulation. GST return filing is mandatory for all entities who registered under GST Act, irrespective of business activity or sales or profitability during the return filing period.

The timelines can be summarised as under:

1. GSTR-1 Details of outward supplies of taxable goods and/or services affected Monthly 11th of the next month with effect from October 2018 Previously, the due date was 10th

2. GSTR-2 this return is suspended till date, Details of inward supplies of taxable goods and/or services effected claiming the input tax credit. Monthly 15th of the next month

3. GSTR-3 Suspended Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax. Monthly 20th of the next month GST-3B Simple Return in which summary of outward supplies along with Input Tax Credit is declared and payment of tax is affected by taxpayer Monthly 20th of the next month

4. GSTR-4 Return for a taxpayer registered under the composition levy Annually 30th April following the end of the financial year

5. GSTR-5 Return for a Non-Resident foreign taxable person Monthly 20th of the next month

6. GSTR-6 This Return for an Input Service Distributor (ISP) Monthly 13th of the next month

7. GSTR-7 Return for authorities deducting tax at source. Monthly 10th of the next month

8. GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected Monthly 10th of the next month

9. GSTR-9 Annual Return for a Normal Taxpayer Annually 31st December of next financial year

10. GSTR-9A Annual Return for a taxpayer registered who avail under the composition levy anytime during the year Annually 31st December of next financial year

GSTR-1

GSTR-1 is the return of reporting of output supply of goods and services. GSTR-1 is to be filed by every business entity that is registered under GST, including casual taxable entity.

Due date of GST return filing

(a) Monthly Return, by 11th of every month- If the business Entity either has an annual aggregate turnover of more than Rs.5 crore in the previous financial year or has not opted into the QRMP scheme.
(b) Quarterly Return, by 13th of the month following every month- If the business entity has opted into the QRMP scheme.

GSTR-2A

GSTR-2A is a dynamic view-return relevant for the recipient or buyer of goods and services. It contains details of all B2B details of buyers of goods and services.

It is a view return and not action can be taken in this return. it is only for accuracy of the transaction between buyer and seller

GSTR-2B

GSTR-2B is again a view-GST return relevant for the recipient or buyer of goods and services. It is available every month.

The return is made available on the 14th of every month, giving sufficient time before filing GSTR-3B, where the ITC is declared.

GSTR-2B returns a summary of every invoice reported by the entity from inward of goods and service taken, such as to be reversed, ineligible, subject to reverse charge, references to the table numbers in GSTR-3B.

GSTR-2

GSTR-2 is currently a suspended GST return, Basically, it is a detail of authentication of recipient or buyer of goods and services.

GSTR-3

GSTR-3 is again currently a suspended GST return. It was a monthly summary return for furnishing summarized details of all outward supplies made, inward supplies received and input tax credit claimed, along with details of the tax liability and taxes paid.

GSTR-3B

GSTR-3B is a monthly self-declaration return, for furnishing summarised details of all outward supplies made, input tax credit claimed, tax liability ascertained, and taxes paid.

The filing frequency of GSTR-3B is currently as follows:
(a) Monthly Return, 20th of every month- For a Business entity with an aggregate turnover in the previous financial year is more than Rs.5 crore or have been otherwise eligible but still opted out of the QRMP scheme.

(b) Quarterly return, 22nd of the month following the quarter for ‘A’** category of States and 24th of the month following the quarter for ‘B’** category of States- For the taxpayers with aggregate turnover equal to or below Rs 5 crore, eligible and remain opted into the QRMP scheme.

** ‘A’ category States/UT – Chhattisgarh, Maharashtra, Madhya Pradesh, Gujarat, Karnataka, Goa, Kerala, Telangana or Andhra Pradesh, Tamil Nadu, or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman, and the Nicobar Islands and Lakshadweep.
‘B’ category States/UT- Uttarakhand, Himachal Pradesh, Rajasthan, Punjab, Haryana, Uttar Pradesh, Bihar, Sikkim, , Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Arunachal Pradesh,  Chandigarh, Jharkhand or Odisha or the Union Territories of Jammu and Kashmir, Ladakh, and New Delhi.

GSTR-4

GSTR-4 is the annual return that was to be filed by a business entity that has to opt the composition of taxable persons under GST, by 30th April of the year following the relevant financial year. It has replaced the GSTR-9A (annual return) from FY 2019-20 onwards.

The composition scheme is opted by taxpayers dealing with goods and having a turnover up to Rs.1.5 crores and pay taxes at a fixed rate on the turnover declared. Further, the service providers can avail a similar scheme CGST (Rate) Notification 2/2019 dated 7th March 2019 if turnover is up to Rs.50 lakh.

GSTR-5

GSTR-5 is applicable and filed by non-resident foreign taxpayers, who are registered under GST Act and carry out business transactions in India.

The return contains details of all outward supplies made, inward supplies received, credit/debit notes, tax liability, and taxes paid.

The GSTR-5 return is to be filed monthly by the 20th of each month under GSTIN that the taxpayer is registered in India.

GSTR-5A

GSTR-5A refers to a summary return for reporting the outward taxable supplies and tax payable by Online Information and Database Access or Retrieval Services (OIDAR) provider under GST.

The due date to file GSTR-5A is the 20th of every month.

GSTR-6

GSTR-6 is applicable and filed by an Input Service Distributor (ISD).

This return will contain details of input tax credit (ITC) received and distributed by the ISD. It will further contain details of all documents issued for the distribution of input credit and the manner of distribution.

The due date to file GSTR-6 is the 13th of every month.

GSTR-7

GSTR-7 is a monthly return to be filed by persons required to deduct TDS (Tax deducted at source) under GST.

This return will contain details of TDS deducted, the TDS liability payable and paid and TDS refund claimed if any.

The due date to file GSTR-7 is the 10th of every month.

GSTR-8

GSTR-8  is a monthly return for those who are required to collect tax at source (TCS) to be filed by e-commerce operators registered under the GST.

It contains details of all supplies made through the e-commerce platform, and the TCS collected on the same.

The GSTR-8 return is to be filed on a monthly basis by the 10th of every month.

GSTR-9

GSTR-9  is the annual return to be filed by taxpayers registered under GST. It is due by 31st December of the year following the relevant financial year, as per the GST law.

It contains the details of all outward supplies made, inward supplies received during the relevant financial year under different tax heads i.e. CGST, SGST & IGST, and a summary value of supplies reported under every HSN code, along with details of taxes payable and paid.

It is a consolidation of all the monthly or quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed during that financial year. GSTR-9 is required to be filed by all taxpayers registered under GST.

However, It is an exception for taxpayers who have opted for the composition scheme, casual taxable persons, input service distributors, non-resident taxable persons, and persons paying TDS under section 51 of the CGST Act.

GSTR-9A

GSTR-9A  is currently a suspended annual return earlier required to be filed by composition taxpayers. It had a consolidation of all the quarterly returns filed during that financial year.

GSTR-9C

GSTR-9C is the reconciliation statement to be filed by all taxpayers registered under GST whose turnover exceeds Rs.2 crore in a financial year, as per the GST law.

It must be certified by a Chartered Accountant/Cost & Management Accountant after conducting a thorough GST audit of the books of accounts and comparing the figures with the GSTR-9.

The deadline to file this statement is the same as the due date prescribed for GSTR-9, i.e., 31st December of the year following the relevant financial year.

GSTR-9C is to be filed for every GSTIN, hence, one PAN can have multiple GSTR-9C forms being filed.

As per the Union Budget 2021 outcome, the GST audit requirement by professionals such as CAs and CMAs has been removed from the GST law. Sections 35 and 44 were amended for this but yet to be notified by CBIC. Accordingly, GSTR-9 needs to be filed on the GST portal by taxpayers on a self-certification basis, completely removing the requirement for GSTR-9C. However, the financial year and date of applicability of this removal are yet to be clarified by the government.

Note: As per the CBIC notification 16/2020, which was further amended, GSTR-9C is waived off for the taxpayers with an aggregate turnover of more than Rs.5 crore for the financial year 2018-19 and 2019-20.

GSTR-10

GSTR-10 is to be filed by a taxable person whose registration has been canceled or surrendered. This return is also called a final return and has to be filed within three months from the date of cancellation or cancellation order, whichever is earlier.

GSTR-11

GSTR-11 is the return to be filed by persons who have allotted a Unique Identity Number (UIN) in order to get a refund under GST for the goods and services purchased by them in India. UIN is a classification made for foreign diplomatic missions and embassies not liable to tax in India, for the purpose of getting a refund of taxes. GSTR-11 will contain details of inward supplies received and refund claimed.

Return filing is mandatory under GST. Even if a business entity has no transaction, they must have to file a Nil return.

In GSTR-3b If a business entity forgets to file a return then they cannot file the next month’s return till the previous month/quarter’s return filed.

The late filing fee of the GSTR-1 is APPLICABLE FORM 17/01/2020 onward populated in the liability ledger of GSTR-3B filed immediately after such delay.

Interest/late fees to be paid

If a Business entity has not paid tax on time they have to pay interest is 18% per annum. Its calculation is done by the taxpayer itself on the outstanding amount payable. i.e Net tax liability identified in the ledger at the time of payment. The time period will be from the next day of the GST return due date till the actual date of payment.

As per the provision of the GST Act, the Late fee is Rs. 100 per day per Act. So it means 100 in  CGST & SGST. Total will be Rs. 200/day. The maximum is Rs. 5,000. There is no late fee on IGST.

All about GST Return.

1. Who can avail QRMP scheme?

A registered person who is required to furnish GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding financial year, is eligible for the QRMP Scheme. Further, in case the aggregate turnover exceeds five crore rupees during any quarter in the current financial year, the registered person shall not be eligible for the scheme from the next quarter.

The quarterly GSTR-3B filing option will be available from 1st January 2021 onwards. It is clarified that this scheme is optional and can be availed based on GSTIN.

2. How to utilize Option for QRMP Scheme?

A registered taxpayer who has the intent to file GSTR-3B quarterly should indicate in the GST portal.

Once the taxpayer has opted for QRMP, then he will have to continue in every quarter for all the future returns, subject to the following exception

  1. If he himself opts for GSTR-3B monthly basis.
  2. if business entity turnover crosses 5 cr

3. Deemed monthly/quarterly filing of GSTR-3B

The taxpayer has to follow the above procedure to opt for the quarterly GSTR-3B. However, the GSTN case of registered persons falling in the categories specified in the table below, who have furnished their GSTR-3B return for October 2020 by 30th November 2020, it shall be deemed that they have opted for monthly or quarterly filing as detailed below-

 

S No.Class of Registered PersonsDeemed Option
1Registered individuals with an aggregate turnover of up to Rs.1.5 crore, who have furnished Form GSTR-1 quarterly in the current financial yearQuarterly GSTR-3B
2Registered persons with an aggregate turnover of up to Rs.1.5 crore, who have furnished Form GSTR-1 monthly in the current financial yearMonthly GSTR-3B
3Registered persons having an aggregate turnover exceeding Rs.1.5 crore and up to Rs.5 crore in the preceding financial yearQuarterly GSTR-3B

The taxpayers referred to in the Sl. No. 2 in the above table can change the default option and opt for quarterly GSTR-3B filing between 5th December 2020 and 31st January 2021.

4. How to submit details of outward supplies?

The taxpayers who opted for the QRMP scheme can use the Invoice Furnishing Facility (IFF) which allows quarterly GSTR-1 filers to upload their invoices every month. One should keep the following points in mind before utilizing the IFF:

    • The IFF can be utilized only for the first two months of a quarter.
    • The invoices relating to the last month of a quarter are to be uploaded in the GSTR-1 return only.
    • There is no requirement to upload invoices in GSTR-1 if the same has been uploaded in the IFF.
    • The taxpayer has to submit the B2B invoice details of sale transactions (both inter-state and intra-state) along with debit and credit notes of the B2B invoices issued during the month.
    • The total net value of invoices that can be uploaded is restricted to Rs.50 lakh per month.
    • The details submitted in IFF will be reflected in the GSTR-2A, GSTR-2B, GSTR-4A or GSTR-6A of the recipients as the case may be.
    • The Invoice Furnishing Facility will come into effect from 01.01.2021.

5. How to make monthly tax payments under the QRMP scheme?

The taxpayer has to deposit tax using form GST PMT-06 by the 25th of the following month, for the first and second months of the quarter. The taxpayers can pay their monthly tax liability either in the Fixed Sum Method (FSM), also popular as 35% challan method, or Self Assessment Method (SAM).

 

Fixed Sum Method (FSM) or 35% challan method:

 

The taxpayer must pay an amount of tax mentioned in a pre-filled challan in the form GST PMT-06 for an amount equal to 35% of the tax paid in cash.

 

S NoType of TaxpayerTax to be paid
1Who furnished GSTR-3B quarterly for the last quarter35% of tax paid in cash in the preceding quarter
2Who furnished GSTR-3B monthly during the last quarter100% of tax paid in cash in the last month of the immediately preceding quarter

Example for understanding FSM:

Scenario 1: If GSTR-3B for January 2021 to March 2021 was filed on a quarterly basis

 

Tax paid in cash during Jan’21 – Mar’21 quarterTax required to be paid in each of Apr’21 and May’21
CGST10,000CGST3,500
SGST10,000SGST3,500
IGST20,000IGST7,000
Cess3,000Cess1,050

Scenario 2: If GSTR-3 was filed on a monthly basis during the quarter of January 2021 to March 2021

 

Tax paid in cash during Mar’21Tax required to be paid in each of Apr’21 and May’21
CGST3,000CGST3,000
SGST3,000SGST3,000
IGST5,000IGST5,000
Cess1,000Cess1,000

Self Assessment Method (SAM):

This is the existing method where a taxpayer can pay the tax liability by considering the tax liability on inward and outward supplies and the input tax credit available. The taxpayer has to manually arrive at the tax liability for the month and has to pay the same in form GST PMT-06. For ascertaining the amount of ITC available for the month the taxpayer can use Form GSTR-2B.

There are certain instances where no amount may be required to be deposited, such as –

      1. For the first month of the quarter – where the balance in the electronic cash/credit ledger is adequate for the tax liability of the said month OR where the tax liability is nil.
      2. For the second month of the quarter – where the balance in the electronic cash/credit ledger is adequate for the cumulative tax liability for the first and second months of the quarter OR where the tax liability is nil.

It is to be noted that a registered person will not be eligible for the said procedures unless he has furnished the return for the complete tax period preceding such month. A complete tax period is a tax period where the said person is registered from the first until the last day of the tax period.

6. Due dates for filing quarterly GSTR-3B

The due dates filing quarterly GSTR-3B has been notified as follows:

 

S NoGST Registration in States and Union TerritoriesDue Date
1Chhattisgarh, Madhya Pradesh, Gujarat, Dadra and Nagar Haveli, Daman and Diu, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman, and Nicobar Islands, Telangana, and Andhra Pradesh22nd of the month succeeding such quarter
2Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Mizoram, Manipur, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, and Odisha24th of the month succeeding such quarter

7. Interest under QRMP scheme

The interest will be applicable as follows if the taxpayer opts for Fixed Sum Method (FSM) or popularly known as the 35% challan method:

 

S NoScenarioInterest to be paid
1Tax liability mentioned in the pre-filled form GST PMT-06 is paid by the 25th of the following monthNil
2Tax liability mentioned in pre-filled form GST PMT-06 is not paid by 25th of the following month18% of the tax liability

(from 26th of the following month till the date of payment)

3The final tax liability for the first two months is less than or equal to the amount paid through pre-filled form GST PMT-06Nil
4The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has been paid within the quarterly GSTR-3B due dateNil
5The final tax liability for the first two months is higher than the tax amount paid through pre-filled form GST PMT-06, and such excess liability has not been paid within the quarterly GSTR-3B due date18% of the tax liability

(from GSTR-3B due date* till the date of payment)

*22nd or 24th of the month succeeding such quarter based on the state of the taxpayer.

The interest will be applicable as follows if the taxpayer opts for Self Assessment Method (SAM):

The taxpayer has to pay interest @ 18% on the net tax liability which remains unpaid or paid beyond the due date for the first two months of the quarter.

 

It is important to note that the taxpayer has to pay interest @18% if there is any late payment of tax in the third month of a quarter. This is applicable irrespective of the Fixed Sum Method (FSM), popular as the 35% challan method, or Self Assessment Method (SAM).

8. Late fee under QRMP scheme.

The late fee should be paid as follows if the quarterly GSTR-3B is not filed within due date, subject to a maximum late fees of Rs 5,000:

 

Name of the ActLate fee for every

day of delay

Late fee for every

day of delay

(in case of ‘Nil’

tax liability)

CGST ActRs.25Rs.10
SGST ActRs.25Rs.10
IGST ActRs.50Rs.20

 

However, it is clarified that no late fee is applicable for delay in payment of tax in the first two months of the quarter in form GST PMT-06.

 

9. Issues or Challenges under QRMP with Tax Metrica Solutions

Whether to opt into QRMP or to continue with monthly returns must be decided for each of the GSTINs of a business (PAN), which can be tedious and time-consuming. The segregation of the documents as B2B and non-B2B must also be done where the taxpayer opting into the scheme uses the Invoice Furnishing Facility (IFF). It would help in moving the B2B documents to IFF and the rest directly to the quarterly GSTR-1 return. Moreover, the reconciliation between IFF, sales register, and GSTR-1 become more essential. Further, the taxpayer under the QRMP scheme must choose between two methods for tax payment every month, i.e. Fixed Sum/35% challan Method and Self-assessment Method.

Basic

INR 1,500/-

Per Return Fee

  • GST Return, GSTR-1, & GSTR-3B

Service Provide before due date.

Standard

INR 5,499-/

One Time Fee

  • GST return
  • Quarterly ITC reconciliation with GSTR2A

Service Provide Within 15 Days

Premium

INR 11,999/-

Yearly Fee

  • Yearly GST Compliances With Monthly Return filing.
  • Quarterly ITC Reconciliation With GSTR-2A
  • Income Tax Return

Services Provided Before the Due Date

Frequently Asked Questions

A GST return is a document containing details of all income/sales and/or expense/purchase which a 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:

  • Purchases
  • Sales
  • Output GST (On sales)
  • Input tax credit (GST paid on purchases)

To file GST returns or for GST filing, check out gst.cleartax.in website that allows import of data from various ERP systems such as Tally, Busy, custom excel, to name a few. Moreover, there is option to use desktop app for Tally users to directly upload data and filing

In the GST regime, any regular business having more than Rs.5 core as annual aggregate turnover has to file two monthly returns and one annual return. This amounts to 26 returns in a year.

The number of GSTR filings varies for quarterly GSTR-1 filers under QRMP scheme. The number of GSTR filings online for them is 9 in a year, including the GSTR-3B and annual return.

There are separate returns required to be filed by special cases such as composition dealers whose number of GSTR filings is 5 in a year.

Here is a list of all the returns to be filed as prescribed under the GST Law along with the due dates.

GST filings as per the CGST Act subject to changes by CBIC Notifications

 

Return FormDescriptionFrequencyDue Date
GSTR-1Details of outward supplies of taxable goods and/or services affected.Monthly11th* of the next month with effect from October 2018 until September 2020.

*Previously, the due date was 10th of the next month.

Quarterly

(If opted under the QRMP scheme)

13th of the month succeeding the quarter.
Was end of the month succeeding the quarter until December 2020)
GSTR-2

Suspended from September 2017 onwards

Details of inward supplies of taxable goods and/or services effected claiming the input tax credit.Monthly15th of the next month.

 

GSTR-3

Suspended from September 2017 onwards

Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax.Monthly20th of the next month.

 

GSTR-3BSimple return in which summary of outward supplies along with input tax credit is declared and payment of tax is affected by the taxpayer.Monthly20th of the next month from the month of January 2021 onwards^

Staggered^^ from the month of January 2020 onwards up to December 2020.*

*Previously 20th of the next month for all taxpayers.

Quarterly22nd or 24th of the month next to the quarter***
^20th of next month for taxpayers with an aggregate turnover in the previous financial year more than Rest 5 crore or otherwise eligible but still opting out of the QRMP scheme.

^^ 1. 20th of next month for taxpayers with an aggregate turnover in the previous financial year more than Rs 5 crore.

2. For the taxpayers with aggregate turnover equal to or below Rs 5 crore, 22nd of next month for taxpayers in category X states/UTs and 24th of next month for taxpayers in category Y states/UTs

***For the taxpayers with aggregate turnover equal to or below Rs 5 crore, eligible and remain opted into the QRMP scheme, 22nd of month next to the quarter for taxpayers in category X states/UTs and 24th of month next to the quarter for taxpayers in category Y states/UTs

  • Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Pondicherry, Andaman and Nicobar Islands and Lakshadweep.
  • Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.
CMP-08Statement-cum-challan to make a tax payment by a taxpayer registered under the composition scheme under section 10 of the CGST Act (supplier of goods) and CGST (Rate) notification no. 02/2019 dated 7th March 2020 (Supplier of services)Quarterly18th of the month succeeding the quarter.
GSTR-4Return for a taxpayer registered under the composition scheme under section 10 of the CGST Act (supplier of goods) and CGST (Rate) notification no. 02/2019 dated 7th March 2020 (Supplier of services).Annually30th of the month succeeding a financial year.
GSTR-5Return for a non-resident foreign taxable person.Monthly20th of the next month.
GSTR-6Return for an input service distributor to distribute the eligible input tax credit to its branches.Monthly13th of the next month.
GSTR-7Return for government authorities deducting tax at source (TDS).Monthly10th of the next month.
GSTR-8Details of supplies effected through e-commerce operators and the amount of tax collected at source by them.Monthly10th of the next month.
GSTR-9Annual return for a normal taxpayer.Annually31st December of next financial year.
GSTR-9A
(Suspended)
Annual return optional for filing by a taxpayer registered under the composition levy anytime during the year.Annually until FY 2017-18 and FY 2018-1931st December of next financial year, only up to FY 2018-19.
GSTR-9CCertified reconciliation statementAnnually31st December of next financial year.
GSTR-10Final return to be filed by a taxpayer whose GST registration is cancelled.Once, when GST registration is cancelled or surrendered.Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11Details of inward supplies to be furnished by a person having UIN and claiming a refundMonthly28th of the month following the month for which statement is filed.

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