GST Return

All registered dealers under GST should file monthly, quarterly and annually returns based on their business type.

 

A taxpayer is required to file GST return and it will help you to calculate tax liability.

 

GST return includes sales and purchase details for the particular period to file the GST return.

 

A regular business dealer has to file three monthly returns and one annual return.

 

Monthly returns are GSTR-1, GSTR-2 & GSTR-3.

 

 

Types of Returns

 

Monthly Return

 

GSTR-1: Details of outward supplies of goods and services and due date is 10th of next month.

 

 

GSTR-1 due dates for turnover up to 1.5 crores

 

Quarter                                               Due date

 

July 2017 to September 2017           10^th January 2018

 

October 2017 to December 2017     15^th February 2018

 

January 2018 to March 2018            30^th April 2018

 

 

GSTR-1 due dates for turnover above 1.5 crores

 

You have to file monthly return and the due dates are as follow

 

 

Monthly                     Due date

 

July-November       10^th January 2018

 

December               10^th February 2018

 

January                   10^th March 2018

 

February                 10^th April 2018

 

March                      10^th May 2018

 

 

GSTR-2: Details of inward supplies goods and services

 

GSTR-3: Finalization of details of outward supplies and inward supplies along with payment of tax details

Filing due dates of GSTR2 and GSTR3 for the period July 2017 to March 2018 will announce by Committee officers later.

 

GSTR-3B: This return has to file for the period July 2017 to March 2018, and due date is 20th of the following month until March 2018.

Due date for February 2018 is 20th of March 2018

Due date for January 2018 is 20th of February 2018

 

Annual Return

 

GSTR-9: Annual return and due date is 31st December of next financial year

 

 

A dealer registered under composition scheme

 

Under this scheme the taxpayer will enjoy with the nominal tax rates.

 

Returns

 

GSTR-4: Quarterly base return and due date is 18th of the month succeeding quarter.

 

GSTR-9A: Annual return and due date is 31st December of next financial year

 

 

Returns for specific registered dealers

 

GSTR-5: Non-Resident foreign taxable person and due date is 20th of the next month

 

GSTR-6: Input service distributor and due date is 13th of the next month

 

GSTR-7: Tax deduction at source and due date is 10th of the next month

 

GSTR-8: Details of supplies effected through e-commerce and the amount of tax collected and due date is 10th of the next month

 

GSTR-10: Final return, this return will file when the registration is cancelled or surrendered and the due date is within three months of cancellation

 

GSTR-11: Details of inward supplies to be submitted by a person having UIN and claiming refund is 28th of the following month.

 

 

Late fee for delayed to file GST return

 

Every business dealer should file GST return on time as per the due dates, if not filed return on time the taxpayer will be liable to pay interest and late fee.

 

Interest rate is 18% per annum, the taxpayer should calculate interest on the outstanding amount of tax to be paid.

 

And late fee will be 100/- per day for each tax type like CGST 100/- and SGST 100/- and the maximum is Rs.5000/- and there is no late fee on IGST.