GST Return Filing

All your sales, purchases, credit note and debit note for a particular month has to be summarised in a simplified yet detailed form on the GST portal on or before the due date prescribed by law.
gst return filing

Our GST Return Filing packages start from ₹3,000/- all-inclusive

What is a GST Return?

Once registered under the GST Act, the registered person has to file GST Forms available on the GST portal depending on the type of his registration. As per GST, all registered companies must submit monthly, quarterly and / or annual GST forms, depending on the type of GST registration.
The GST portal has separate forms for different taxpayers. It is important to note that taxpayers do not have to submit all types of tax returns. Indeed, taxpayers are required to file a tax return depending on the activity they perform.
A dormant business which has not issued any invoice nor has any input credit is also required to file its NIL-GST returns.

Table Of Contents

Types of GST forms?

The following table shows different types of returns under the GST Act:-

ReturnsDescriptionWho Files?Due date of filing
GSTR-1*

Statement of Outward supplies of Goods or Services

Normal Registered Person(1)

11th of the next month
(If opted for monthly filing) End of the month succeeding the quarter
(If opted for quarterly filing)

GSTR-3BSummary of sales and purchases made during the year and payment of taxNormal Registered Person(1)20th of the next month
CMP-08Statement-cum-challan to make a tax payment by a taxpayer registered under the composition scheme

Taxable Person opting for Composition Levy

18th of the month succeeding the quarter
GSTR-4Annual return  ,Even if no supplies have been affected, a Nil return is required to be filed mandatorily

Taxable Person opting for Composition Levy

30th day of April following the end of the F.Y.
GSTR-5

Monthly return for a non-resident

taxpayer

Non-resident taxpayer

20th of the month succeeding tax period or within 7 days after expiry of Registration, whichever is earlier
GSTR-5A

Monthly return for a person supplying OIDAR services from a place outside India to a non-taxable online recipient.

Supplier of OIDAR Services

20th of the next month
GSTR-6

Monthly return for an Input Service Distributor (ISD)

Input Service Distributor

13th of the next month
GSTR-7

Monthly return for authorities deducting tax at Source

Deductor of TDS on GST10th of the next month
GSTR-8

Monthly statement for E-Commerce Operator depicting supplies effecting through it.

E-Commerce Operator

10th of the next month
GSTR-9Annual ReturnRegistered Person other than an ISD, TDS / TCS, Taxpayer, casual taxable person and Non-resident taxpayer

31st December of the next Financial Year

GSTR-9ASimplified Annual Return under Composition SchemeTaxable Person opting for Composition Levy

31st December of the next Financial Year

GSTR-9BSimplified Annual StatementE-commerce operator required to collect tax at source

31st December of the next Financial Year

GSTR-9CCertified reconciliation statementRegistered person whose turnover during a financial year exceeds the prescribed limit of rupees 5 crore

31st December of the next Financial Year

GSTR-10Final Return

Taxable person whose registration has been surrendered or cancelled

Within three months of the date of cancellation or date of order of cancellation, whichever is later

GSTR-11Details of Inward SuppliesPerson who have been issued a Unique Identity Number(UIN)Filed by the 28th of the month following the month in which inward supply is received by the UIN holders.

*Registered persons having aggregate turnover of up to 1.5 Crore rupees in the preceding financial year or expecting turnover up to Rs. 1.5 Crore in the current financial year shall have an option to furnish GSTR-1 on a quarterly basis.
(1)Normal Registered Person means – Every registered person other than:-
(a) Supplier of OIDAR services
(b) Composition taxpayer
(c) Non-resident taxable person
(d) ISD
(e)Person deducting tax at source
(f) ECO

Non-filing of GST forms on the due dates

How shall we help you in Filing GST returns?

GST filing is a tedious process and requires expert guidance. However, at In.corp our GST experts can help you file your returns with ease. The process is as follows:-

FAQs

a. What details are required for GSTR1?
  • Details of sales invoices (GST No. of the recipient, Taxable value, Tax amount, Invoice no., HSN/SAC code, etc).
  • Details of Credit notes/debit notes.
b. What do I do if my GSTR1 is wrongly filed?

No worries, in case any mistake has been done by you in your GSTR1 return, then you can amend/rectify the same in the next month’s return. It simply means that if a mistake is committed in June GSTR-1, rectification for the same can be made in July's GSTR-1.

Note - Provided that the same can be done before the return of the September month following the year or filing of annual return for the year for which the rectification of return pertains to whichever is earlier.
For Example : Suppose you want to rectify any error in the return of June 2018, then you can then do this before filing the return for September 2019 (i.e in the following year) or you file your annual return of year 2018-19 (to which the return to which rectification is required falls in) whichever is earlier.

c. How do I upload an invoice to GST?

You are not required to upload the scanned copy of your sales invoice on the GST portal. Rather, you only have to upload the details of your invoices on the portal.

d. What is ITC under GST?

Whenever you purchase goods or services for your business and you make a GST payment to your supplier (subject to certain ITC rules), then you can claim this GST payment to set off your GST liability on your outward liability which occurs in your sales. This process of setoff is done in the GSTR-3B form.

e. How many returns can be filed in GST each year?

If a person registered under the normal scheme (monthly filers) then has to file 2 returns per month, which is GSTR-1 and GSTR-3B, and an annual return. In total,25 GST returns every year.
For a person registered under the composition scheme, it is required to file only 6 returns for the entire year.

f. What is Electronic credit ledger and electronic cash Ledger?

Electronic credit ledger is a summary statement for all the Input credit availed during the year and is used to set off the output tax. It also shows the ITC available for utilization at a particular point of time.

Electronic cash ledger contains details of Cash deposited on the GST portal by generating a challan for either Tax payment or interest or late fees payment. It's like a bank account but on the GST portal used to make payment for tax, late fee, interest or cess.

g. Still Confused?

Speak to our experts who shall solve all your doubts.
Call us at  +91 7738 066 334  or Mail us at info@indiacompanyincorporation.com

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