Basic Details of GST Return

A GST return is a document containing details of all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is required to file with the tax administrative authorities. This is used by tax authorities to calculate net tax liability.
Under GST, a registered dealer has to file GST returns that broadly include:
•    Purchases
•    Sales
•    Output GST (On sales)
•    Input tax credit (GST paid on purchases)

Who should file GST Returns?

Under the GST regime, regular businesses having more than Rs.5 crore as annual aggregate turnover (and taxpayers who have not opted for the QRMP scheme) have to file two monthly returns and one annual return. This amounts to 25 returns each year. 
Taxpayers with a turnover of up to Rs.5 crore have the option to file returns under the QRMP scheme. The number of GSTR filings for QRMP filers is 9 each year, which include 4 GSTR-1 and GSTR-3B returns each and an annual return. Note that QRMP filers have to pay tax on a monthly basis even though they are filing returns quarterly.
There are also separate statements/returns required to be filed in special cases such as composition dealers where the number of GSTR filings is 5 each year (4 statement-cum-challans in CMP-08 and 1 annual return GSTR-4).

Merits of GST return Filling

•    Avoid Penalties
•    Claim Input Tax Credit
•    Sales and Purchase Transparency
•    Track Business Performance
•    Ease Compliance
•    Increase Creditworthiness
•    Reduce Audit Risk
•    Eases Business Operations
•    Facilitate Business Expansion

Demerits of Filing GST Returns

•    Very High Tax Burden on SMEs
•    Increased Costs
•    IT Software Expenditure
•    Some Compliance Burden

Packages Include In GST Filling

We provide complete package of GST filling and records of Data

How many returns are there under GST?

There are 13 returns under GST. They are the GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-10, GSTR-11, CMP-08, and ITC-04. 
However, all returns do not apply to all taxpayers. Taxpayers file returns based on the type of taxpayer/type of registration obtained. 
Eligible taxpayers, i.e. with a turnover exceeding Rs.5 crore are also required to also file a self-certified reconciliation statement in Form GSTR-9C.
Besides the GST returns that are required to be filed, there are statements of input tax credit available to taxpayers, namely GSTR-2A (dynamic) and GSTR-2B (static). There is also an Invoice Furnishing Facility (IFF) available to small taxpayers who are registered under the QRMP scheme to furnish their Business to Business (B2B) sales for the first two months of the quarter. These small taxpayers will still need to pay taxes on a monthly basis using Form PMT-06.
 

What are the different types of GST returns and the due dates to file them?

GSTR-1

Quarterly filing of GSTR-1: (Annual turnover up to Rs.5 crore can opt for quarterly filing)
Quarter Due date ( Example Below )
Jan-Mar - 13th April 
Apr-Jun - 13th July , So on
Note: Taxpayers with a turnover of up to Rs.5 crore can opt to furnish their Business to Business (B2B) sales for the first two months of the quarter using an Invoice Furnishing Facility (IFF). The deadline will be the 13th of the following month. However, GSTR-1 will still need to be filed quarterly, but the invoices already declared in the IFF need not be declared again. 
Monthly filing of GSTR-1:
(Annual turnover of more than Rs.5 crore must file monthly only)
Month    Due Dates ( Example Below )
January -    11th February 
February -    11th March 
March -    11th April , So on….

GSTR-2 and GSTR-3

The filing of these forms is currently suspended.

GSTR-3B

GSTR-3B is a monthly summary return to be filed by all taxpayers except those registered under the composition scheme.
Quarterly filing of GSTR-3B:
(Annual turnover up to Rs.5 crore can opt for quarterly filing)
Quarter Due date
Jan-Mar -    22nd or 24th April 
Apr-Jun -    22nd or 24th July, So on

Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.
Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.
Monthly filing of GSTR-3B:
(Annual turnover of more than Rs.5 crore must file monthly only)
Month  Due Date
January -   20th February 
February -    20th March 
March -  20th April 
April -  20th May , So on…

Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.
Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.
 

PMT-06

Taxpayers with a turnover of up to Rs.5 crore can opt to file a quarterly GSTR-1 and GSTR-3B under the QRMP scheme (with an optional use of the Invoice Furnishing Facility (IFF) to furnish their B2B sales for the first two months of the quarter).

These taxpayers will still need to pay taxes monthly using PMT-06 for the first two months of the quarter. The due dates are as follows:

Period (Quarterly)       Due date

January-           25th February

February -        25th March

April 2023 -     25th May , So on

CMP-08

Period (Quarterly)       Due date

Jan-Mar -         18th April

Apr-Jun -         18th July , So on

GSTR-4

The due date to file GSTR-4 for the FY 2023-22, the annual return by composition taxpayers, is 30th April 2023. However, as per the CGST Notification no. 7/2023 dated 26th May 2023, the late fee has been waived for the delay in filing GSTR-4 for FY 2023-22 between 1st May and 30th June 2023.

GSTR-5

Summary of outward taxable supplies and tax payable by the non-resident taxable persons:

Period (Monthly)        Due Date

January 2023   20th February 2023

February 2023 20th March 2023

March 2023     20th April 2023

April 2023       20th May 2023

May 2023        20th June 2023

June 2023        20th July 2023

Amended to 13th by Budget 2023; yet to be notified by CBIC.

GSTR-5A

Summary of outward taxable supplies and tax payable by an Online Information and Database Access or Retrieval Services (OIDAR) provider:

Period (Monthly)        Due Date

January 2023   20th February 2023

February 2023 20th March 2023

March 2023     20th April 2023

April 2023       20th May 2023

May 2023        20th June 2023

June 2023        20th July 2023

GSTR-6

Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD):

Period (Monthly)        Due Date

January 2023   13th February 2023

February 2023 13th March 2023

March 2023     13th April 2023

April 2023       13th May 2023

May 2023        13th June 2023

June 2023        13th July 2023

GSTR-7

Summary of Tax Deducted at Source (TDS) and deposited under GST laws:

Period (Monthly)        Due Date

January 2023   10th February 2023

February 2023 10th March 2023

March 2023     10th April 2023

April 2023       10th May 2023

May 2023        10th June 2023

June 2023        10th July 2023

GSTR-8

Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws:

Period (Monthly)        Due Date

January 2023   10th February 2023

February 2023 10th March 2023

March 2023     10th April 2023

April 2023       10th May 2023

May 2023        10th June 2023

June 2023        10th July 2023

GSTR-9

GSTR-9 is the annual return to be filed by taxpayers. The due date for filing GSTR-9 for FY 2020-21 is 28th February 2023, and for filing GSTR-9 for FY 2023-22 is 31st December 2023.

GSTR-9C

GSTR-9C is the annual self-certified reconciliation statement to be filed by taxpayers with a turnover exceeding Rs.5 crore. The due date for filing GSTR-9C for FY 2020-21 is 28th February 2023, and for filing GSTR-9C for FY 2023-22 is 31st December 2023.