GST return forms

Ankita Khetan | Aug 9, 2017 |

GST return forms

GST return forms

Underthe GST regime, thereturn system is designed in such a manner that once invoice wise details are uploaded bya supplier, it will auto populate as input tax crediton the return ofthe recipient. And if there is any mismatch, input credit will get reversed automatically.GST is a mechanism to prevent leakage of revenue. Every registered person has to periodically furnish the details of sales and purchases made along with tax collected and paid thereon, respectively in returns. If tax is not paid before the due dates, returns filed for that period will be considered invalid till the payment is made with the late fees.
All the returns are to be filed online on GSTN portal by the registered taxpayers. Returns can be filed usingany of the following methods:

  • GSTN portal (www.gst.gov.in )
  • Offline utilities provided by GSTN
  • GST Suvidha Providers (GSPs) – If you are already using theservices of ERP providers such as Tally, SAP, Oracle etc.,there is a high likelihood that these ERP providers wouldprovide inbuilt solutions in the existing ERP systems and update their system.

Separate return forms and their due dates have been notified by CBEC depending upon the activities they undertake and their registration. For example – different forms for taxpayers registered under the composition scheme, non-resident taxpayer, a 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. So one needsto take utmost care in the selection of the applicablereturn forms and corresponding due dates.

ReturnDescriptionWho FilesDue date
GSTR-1Monthly Statement of Outward supplies of Goods or ServicesRegistered Person10th of the next month
GSTR-2Monthly Statement of Inward supplies of Goods or ServicesRegistered Person 
15th of the next month
 
GSTR-3Monthly Return for a normal taxpayerRegistered Person20th of the next month
GSTR-3BSimple consolidated return for July 2017 & August,2017Registered Person20.08.17 for July
20.09.17 for August
GSTR-4Quarterly Return for composition schemeTaxable Person opting for Composition Levy18th of the month succeeding the quarter
GSTR-5Monthly Return for a non-resident taxpayerNon-resident Taxpayer20th of the month succeeding the tax period & within 7 days after expiry of registration
GSTR-6Monthly Return for an Input Service Distributor (ISD)Input Service Distributor (ISD)13th of the next month
GSTR-7Monthly Return for authorities deducting tax at sourceTax Deductor10th of the next month
GSTR-8Monthly Statement for E-Commerce Operator depicting supplies effecting through ITE-Commerce Operator 
10th of the next month
 
GSTR-9Annual ReturnRegistered Person other than an ISD, TDS/TCS Taxpayer, Casual Taxable Person and Non-resident Taxpayer31st December of next Financial Year
GSTR-10Final ReturnTaxable Person whose registration has been surrendered or cancelledWithin three months of the date of cancellation or date of order of cancellation, whichever is later
GSTR-11Details of inward supplies to be furnished by a person having UINPerson having UIN and claiming refund28th of the month following the month for which statement is filed

Note : Any registered person who fails to furnish form GSTR-1, GSTR-2,GSTR-3 or Final Return within the due dates, shall be liable to pay alate fee of Rs. 100 per day, subject to a maximum of Rs. 5,000.
Note : Government has given relaxation in due dates of return filing for the firth two months after the GST rollout i.e. for July 2017 & August 2017.

Return Forms Due dates
July 2017August ,2017
GSTR 15th September,1720th September,17
GSTR 210th September,1725th September,17
GSTR 315th September,1730th September,17
GSTR 3B20th August,1720th September,17

Complied by CA ANKITA KHETAN. For any query write to us on [email protected]


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