Returns under GST act 2017

To meet the concept of digital India, the Government of India made it mandatory to file all returns electronically.

Moreover, one of the basic features of the returns mechanism in GST include electronic filing of returns, uploading

of invoice level information and auto-population of information relating to Input Tax Credit (ITC) from returns of

supplier to that of recipient, invoice-level information matching and auto reversal of Input Tax Credit in case of

mismatch.

The returns mechanism is designed to assist the taxpayer to file returns and avail ITC.

Under GST, a regular taxpayer needs to furnish monthly returns and one annual return. There are separate returns

for a taxpayer registered under the composition scheme, non-resident taxpayer, taxpayer registered as an

Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS) and a person granted Unique

Identification Number.

It is important to note that a taxpayer is NOT required to file all types of returns. In fact, taxpayers are required to

file returns depending on the activities they undertake.

Returns can be filed using any of the following methods:

1. GSTN portal (www.gst.gov.in)

2. Offline utilities provided by GSTN

3. GST Suvidha Providers (GSPs)

The various types of returns under GST Law are given below:-

GSTR-1 Details of outward supplies of taxable goods and/or services effected (Section 37 of the CGST Act, 2017).To be paid monthly by 10th of the next month.

GSTR-2 Details of inward supplies of taxable goods and/ or services effected claiming input tax credit (Section 38 of the CGST Act, 2017). To be paid monthly by 15th of the next month.

GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax (Sec-tion 39(1) of the CGST Act, 2017). To be paid

Monthly by 20th of the next month.

GSTR-3B Simple return for Jul 2017- Mar 2018 to be paid monthly by 20th of the next month

GSTR-4 Return for compounding taxable person (Section 39(2) of the CGST Act, 2017) to be paid be Quarterly by 18th of the month succeeding quarter.

GSTR-5 Return for Non-Resident foreign taxable person (Section 39(5) of the CGST Act, 2017). To be paid monthly by 20th of the next month or within 7 days after the last day of the period of registration specified u/s 27(1), whichever is earlier.

GSTR-6 Return for Input Service Distributor (Section 39(4) of the CGST Act, 2017). To be paid monthly by 13th of the next month

GSTR-7 Return for authorities deducting tax at source (Section 39(3) of the CGST Act, 2017) it is collected monthly by10th of the next month.

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

GSTR-9 Annual Return (section 44 of the CGST Act,217)

(a) Who Files: Registered Person other than an ISD, TDS/TCS Taxpayer, Casual Taxable Person and Non-resident Taxpayer. 

(b) In this return, the taxpayer needs to furnish details of expenditure and details of income for the entire Financial Year. To be paid annually at 31st December of next financial year.

GSTR-10 Final Return (Section 45 of the CGST Act, 2017)Once when registration is cancelled or surrendered within three months of the date of cancellation or date of cancellation order, whichever is later.

GSTR-11 Details of inward supplies to be furnished by a person having UIN and claiming refund. To be paid monthly by 28th of the month following the month for which statement is filed.