Types of Return in GST

By Registrationwala

24th April 2017

 

A return is a document that a taxpayer is required to file as per the law with the tax administrative authorities.The submission and processing of return is an important link between the taxpayer and tax administration.Convergence is the key to GST; convergence between states and central taxes.Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS).

Who needs to file Return in GST regime?

  • Every registered dealer is required to file return for the prescribed tax period. A Return needs to be filed even if there is no business activity (i.e. Nil Return) during the said tax period of return;
  • Government entities / PSUs , etc. not dealing in GST supplies or persons exclusively dealing in exempted / Nil rated / non –GST goods or services would neither be required to obtain registration nor required to file returns under the GST law.
  • However, State tax authorities may assign Departmental ID to such government departments / PSUs / other persons and will ask the suppliers to quote this ID in the supply invoices for all inter-State purchases being made to them.

A manufacturer who is compliant under Central Excise, Service Tax, and VAT has to file returns as specified by each of the states.  The manufacturer has to deal with returns, annexures, and registers for Excise, Service tax and VAT with monthly, quarterly, half-yearly and yearly periodicity. With GST in place, it does not matter whether you are a trader, manufacturer, reseller or a service provider, you only need to file GST returns.

Under GST, there are 19 forms for filing of returns by tax payers. All these forms are required to be e-filed. There will be a common e-return for CGST, SGST, IGST and Additional Tax.A registered Tax Payer shall file GST Return at GST Common Portal either by himself or through his authorized representative. The details of each form are listed below along with details of applicability and periodicity.There would be no revision of Returns. Rectification of error/omission in respect of returns filed can be done before filing of return for the month of September following the year of which the details pertain or before furnishing of Annual return, whichever is earlier. Hence the existing time limit of revision of 30 days from the date of filing original return is extended to such extended period.A return furnished without payment of full tax due as per such return shall not be treated as a valid return for allowing input tax credit in respect of supplies made by such person.

REGULAR DEALER

 

Form Type

Frequency

Due Date

Details to be furnished

Form GSTR-1

Monthly

10thof succeeding month

Furnish details of outward supplies of taxable goods and/or services affected

Form GSTR- 2A

Monthly

11thof succeeding month

Auto-populated details of inward supplies made available to the recipient on the basis of Form GSTR-1 furnished by the supplier

Form GSTR- 2

Monthly

15thof succeeding month

Details of inward supplies of taxable goods and/or services for claiming input tax credit. Addition (Claims) or modification in Form GSTR-2A should be submitted in Form GSTR-2

Form GSTR- 1A

Monthly

20thof succeeding month

Details of outward supplies as added, corrected or deleted by the recipient  in Form GSTR-2 will be made available to supplier

Form GSTR-3

Monthly

20thof succeeding month

Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax

Form GSTR-ITC-1

Monthly

_

 

Communication of acceptance, discrepancy or duplication of input tax credit claim

Form GSTR-3A

       _

_

Notice to a registered taxable person who fails to furnish return under section 27 and section 31

Form GSTR-9

Annually

31st Dec of next fiscal

Annual Return – furnish the details of ITC availed and GST paid which includes local, interstate and import/exports.

 

 

COMPOSITE TAX PAYER

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-4A

Quarterly

        _

Details of inward supplies made available to the recipient registered under composition scheme on the basis of Form GSTR-1 furnished by the supplier

Form GSTR-4

Quarterly

18th of succeeding month

Furnish all outward supply of goods and services.

 

This includes auto-populated details from Form

GSTR-4A,Tax-payable and payment of tax.

 

Form GSTR-9A

Annually

31st Dec of next fiscal month

Furnish the consolidated details of quarterly returns filed along with tax payment details.

 

FOREIGN NON-RESIDENT TAX PAYER

 

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-5

Monthly

20th of succeeding month or within 7 days after the expiry of registration

Furnish details of imports, outward supplies, ITC availed, tax paid, and closing stock.

 

INPUT SERVICE DISTRIBUTOR

 

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-6A

Monthly

0n 11th  of succeeding month

Details of inward supplies made available to the ISD recipient on the basis of Form GSTR-1 furnished by the supplier

Form GSTR-6

Monthly

13th  of succeeding month

Furnish the details of input credit distributed

 

TAX DEDUCTOR

 

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-7

Monthly

10th of succeeding month

Furnish the details of TDS deducted

 

 

Form GSTR-7A

Monthly

TDS certificate to be made available for download

TDS Certificate – capture details of value on which TDS is deducted and deposit on TDS deducted into appropriate Govt.

 

E-COMMERCE

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-8

Monthly

10th of succeeding month

Details of supplies effected through e-commerce operator and the amount of tax collected on supplies

 

AGGREGATE TURNOVER EXCEEDS 1 CRORE

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-9B

Annually

Annual, 31st Dec of next fiscal

Reconciliation Statement – audited annual accounts and a reconciliation statement, duly certified.

 

FINAL RETURN

For taxable person whose registration has been surrendered or cancelled

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-10

Monthly

Within 3 months of cancellation of registration

Furnish details of inputs and capital goods held, tax paid and payable.

 

GOVERNMENT DEPARTMENTS AND UNITED NATION BODIES

Return Type

Frequency

Due Date

Details to be furnished

Form GSTR-11

Monthly

28th of succeeding month

 

Details of inward supplies to be furnished by a person having UIN

All these returns are required to be filed digitally online through a common portal to be provided by GSTN, non-government, private limited company promoted by the central and state governments with the specific mandate to build the IT infrastructure and the services required for implementing Goods and Services Tax (GST).

 

Types of Return in GST

2017-04-24