Which GST Return Forms should I use?- Types of GST Return, Due Dates and Late Filing Penalties

Which GST Return Forms should I use?- Types of GST Return, Due Dates and Late Filing Penalties

If you are looking forward to file GST returns and wondering about on which dates you required to file your returns, read the entire article to resolved your doubts.

If you have registered under GST then you should be well versed with applicability of GST Returns to you and due dates of the same.

GST Return Forms & Due Dates

The taxpayer mandatorily requires to file GST returns on time-to-time basis as per his applicability.

GST FormsApplicable toDue Dates
GSTR-1Taxpayer requires to file monthly return of all outward supplies of goods & services made and it also required to furnish debit and credit notes made during tax period. All normal taxpayers are required to file GSTR-1 on a monthly basis. The composition taxpayer and those who have opt QRMP scheme are exceptions. Monthly -
11th of the next month with effect from October 2018 until September 2020.
Note: Earlier, the due date was 10th of the next month.
Quarterly -
End of the month succeeding the quarter.
GSTR-2AThis return consists of all the details regarding inward supplies i.e. purchases made during the year. This data is auto-populated based on the details furnished by suppliers in GSTR-1. It is a read only return and no action can be taken.Monthly -
15th of the next month.
GSTR-2In this return you have to furnished all details regarding inward supplies. The details in GSTR-2 are auto-populated from GSTR-2A. Monthly -
15th of the next month
GSTR-3It is a monthly summary return of inward supplies, outward supplies, Input Tax Credit (ITC) claimed, along with details of the tax liability and taxes paid. This return is auto-generated on the basis of the GSTR-1 and GSTR-2 returns filed. Monthly -
15th of the next month. (Suspended from suspended 2017 onwards)
GSTR-3BIt is a monthly self-declaration required to be filed, for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid.
GSTR-3B is to be filed by all normal taxpayers registered under GST.
Monthly -
20th of the next month in case of taxpayers whose aggregate turnover is above 5 cr.
22nd and 24th for states as prescribed in the Act.
(Earlier it was 20th of next month for all taxpayers)
GSTR-4/ CMP 08Composition Taxpayers are required to file this return on a quarterly basis. This scheme has been launched to give benefits to the small taxpayers and can be opt by only those whose turnover is below 1.5 crore can opt this scheme.
CMP 08 has been replaced by GSTR-4.
Quarterly -
18th of the month succeeding the quarter
GSTR-5This return is required to be filed by Non-Resident Foreign Taxpayers who are registered under GST and carry out business transactions in India.
The taxpayer requires to file GSTR-5 on a monthly basis.
Monthly -
20th of the next month
GSTR-6This return is required to be filed by Input Service Distributor (ISD). It consists details regarding input tax credit (ITC) received and distribution made by the ISD.
It will further contain details of all documents issued for the distribution of input credit and the manner of distribution.
Monthly -
13th of the next month.
GSTR-7This return has to be filed by the person who deduct TDS (Tax Deducted at Source). It contains details of TDS deducted, TDS payable, TDS paid and TDS refund claimed, if any.Monthly -
10th of the next month
GSTR-8Every E-Commerce Operator registered under GST required to file GSTR-8 on a monthly basis. who are required to collect tax at source (TCS). GSTR-8 will contain details of all supplies made through the E-commerce platform, and the TCS collected on the same.Monthly -
10th of the next month
GSTR-9This is the annual return required to be filed by all kind of taxpayers. This return is consolidation of all returns which you filed during the year whether it is on monthly or quarterly basis.
It contains details of all outward supplies made, inward supplies received during the relevant previous year under different tax heads i.e. CGST, SGST & IGST and HSN codes, along with details of taxes payable and paid.
Note: As per recent notification of CBIC, to file annual return is optional for those whose annual aggregate turnover is below 2 Crores.
Annually -
31st December of next financial year
GSTR-9AThis is the annual return required to be filed by those taxpayers who are registered under Composition Scheme.
This return is a consolidation of all those quarterly returns which taxpayer filed during the financial year.
Annually -
31st December of next financial year
GSTR-9CThis return needs to be filed by those taxpayers whose aggregate turnover exceeds 5 Crore in a financial year (earlier the limit was 2 Crore) are required to file GSTR-9C.
GSTR-9C is to be filed for every GSTIN, hence, one PAN can have multiple GSTR-9C forms being filed
Annually -
31st December of next financial year
GSTR-10This return has to be filed by those whose registration is cancelled or surrendered. This return has to be filed within 3 months from date of cancellation.Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11It is the return to be filed by persons who have been issued 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
28th of the month following the month for which statement is filed.

Interest and Late Fees

If you are registered under GST then mandatorily you liable to file applicable returns on a timely basis. Even if there is no transaction you are liable to file Nil Return.

If you failed to file GST returns on or before due dates then you will face below penalties such as;

Interest is 18% per annum. It should calculated on the amount of outstanding tax to be paid. The time period will be from the next day of filing due date till the actual date of payment.

  • As per the provisions of GST Act late fee is Rs. 100 per day per Act which means Rs 100 under CGST Act and Rs 100 under SGST Act. Total will be Rs. 200 per day. The maximum penalty would be Rs. 5,000 only. In case of IGST, there is no any late fee charges.

Conclusion

If you are registered under GST then make sure that you are complying with all the provisions of GST Act and in case you fail to do so, will be liable to pay the penalty for such contravention.

In case your business gets dissolved, don’t forget to apply for the cancellation of registration within 3 months and even if there is no transaction keep filing Nil Return, this will save you from unwanted circumstances.

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