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.

Return	Description	Who Files	Due date
GSTR-1	Monthly Statement of Outward supplies of Goods or Services	Registered Person	10th of the next month
GSTR-2	Monthly Statement of Inward supplies of Goods or Services	Registered Person	15th of the next month
GSTR-3	Monthly Return for a normal taxpayer	Registered Person	20th of the next month
GSTR-3B	Simple consolidated return for July 2017 & August,2017	Registered Person	20.08.17 for July 20.09.17 for August
GSTR-4	Quarterly Return for composition scheme	Taxable Person opting for Composition Levy	18th of the month succeeding the quarter
GSTR-5	Monthly Return for a non-resident taxpayer	Non-resident Taxpayer	20th of the month succeeding the tax period & within 7 days after expiry of registration
GSTR-6	Monthly Return for an Input Service Distributor (ISD)	Input Service Distributor (ISD)	13th of the next month
GSTR-7	Monthly Return for authorities deducting tax at source	Tax Deductor	10th of the next month
GSTR-8	Monthly Statement for E-Commerce Operator depicting supplies effecting through IT	E-Commerce Operator	10th of the next month
GSTR-9	Annual Return	Registered Person other than an ISD, TDS/TCS Taxpayer, Casual Taxable Person and Non-resident Taxpayer	31st December of next Financial Year
GSTR-10	Final Return	Taxable Person whose registration has been surrendered or cancelled	Within three months of the date of cancellation or date of order of cancellation, whichever is later
GSTR-11	Details of inward supplies to be furnished by a person having UIN	Person having UIN and claiming refund	28th 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 2017	August ,2017
GSTR 1	5th September,17	20th September,17
GSTR 2	10th September,17	25th September,17
GSTR 3	15th September,17	30th September,17
GSTR 3B	20th August,17	20th September,17

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

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