Online Goods and Services Tax (GST) Return Filling Procedure & Guidance
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GSTR 1 is a monthly or quarterly return to be filed by every registered dealer. It contains details of all outward supplies i.e sales.
GSTR 2 basically contains details of all the monthly purchase transactions of a registered dealer. It will also include purchases on which reverse charge applies. The GSTR-2 is filed by a registered dealer and used by the government to check with the sellers’ GSTR-1 for buyer-seller reconciliation.
GSTR 3 is a monthly Summarized return contains of sales, purchases, during the month and the amount of GST liability. GSTR-3 is auto-generated pulling information from GSTR-1 and GSTR-2
GSTR 3B is introduced by Govt. to make the transition phase smooth and started from July 2017 to March 2018. This return contains details of outward and inward supplies along with tax payment information. Do not need to provide details of Invoice details or any reconciliation. Only value needs to be provided. GSTR-3B has to be filed by 20th of next month till March 2018
GSTR 4 is to be filed by all the taxpayers registered under the composition scheme. Return is to be filed on quarterly basis. The last date for filing the GSTR- 4 Returns is 18th of the month following the quarter. GSTR 4 returns can be filed on 18th April, 18th July, 18th October and 18th January and so forth.
GSTR 5 is for special cases of Non Resident Foreign suppliers who have come for a short period to make supplies in India without having any business establishments here. Products are generally imported to make supplies locally. So they need to take GST Registration to avail Input Tax Credit only on IGST paid on imports.
GSTR 6 is a monthly return to be filed by an Input Service Distributor. It contains details of ITC received by an Input Service Distributor and distribution of ITC.
GSTR 7 is the return that has to be filed by the tax deductor about tax deducted at source. Deductor is required to file the return and has to provide the details of amount of TDS in return. When deductor pays the amount of TDS, it shall get reflected into the credit ledger of the deductee. The deductee shall claim credit, in his electronic cash ledger of the tax deducted by the deductor. Tax deductor has to furnish the Certificate of Deduction to the deductee
GSTR 8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST. GSTR 8 contains the details of supplies effected through e-commerce platform and amount of TCS collected on such supplies.
GSTR 9 is an Annual Return to be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3. Due date for Filing GSTR 9 is on or before 31st December of the subsequent financial year.
GSTR 9A is an Annual Return to be filed by the persons registered under composition scheme under GST. Due date for Filing GSTR 9A is on or before 31st December of the subsequent financial year.
GSTR 9B is an Annual Return to be filed by the e-commerce operators who have filed GSTR 8 during the financial year. Due date for Filing GSTR 9B is on or before 31st December of the subsequent financial year.
GSTR 9C is an Annual Return to be filed by the taxpayers whose annual turnover exceeds Rs 2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C. Due date for Filing GSTR 9C is on or before 31st December of the subsequent financial year.
