All people registered under the GST Act have to provide the details of the sales and purchases of goods and services. Also, with the tax collected and paid. This can be done by File GST Return Online. GST Returns is the Goods and Services Tax Return. They are the forms that taxpayers of all kinds have to register with the income tax authorities of India following the new GST rules. All registered businesses have to record monthly, quarterly, and/or annual online gst return based on the nature of business.
For filling the online gst return you can Hire CA Online. In this article, we’ll have a closure look towards the GST return on its due dates and types.
Table of Contents
What is GST Return?
GST is the only indirect tax that is imposed on the supply of goods and services among various entities. GST returns are the tax return forms that are expected to be filed by these entities with the Income Tax authorities of India. A return is a document comprising details of income that a taxpayer is required to register with the tax administrative authorities. This is practiced by tax authorities to calculate tax liability.
Under GST, a registered trader has to file GST returns that include Purchases, Sales, Output GST (On sales), and Input tax credit (GST paid on purchases). Also, to file GST returns, GST compliant sales and purchase invoices are needed. Returns on gst filing charges depend on the type you are eligible for.
Who is eligible to file GST Returns?
In the GST administration, any lawful business has to file 2 monthly returns and 1 annual return. This amounts to 26 returns in a year.
The advantage of the system is that one has to manually list details of 1 monthly return – GSTR-1. The other return GSTR 3B will take auto-populated by determining information from GSTR-1 filed by you and your merchants.
There are separate returns needed to be filed by special cases like composition dealers.
How to File a GST Return Online?
From manufacturers and suppliers to traders and consumers, all taxpayers have to register their tax returns with the GST department each year. Under the new GST administration, to file gst return online has become automatic. GST returns can be filed online applying the software or apps given by GSTN. Enumerated below are the steps for filing GST returns online:
- Log in to the GST portal (www.gst.gov.in).
- A 15-digit GST identification number will be assigned based on your state code and PAN number.
- Update invoices on the GST portal or the software. An invoice reference number will be assigned over every invoice.
- After updating the invoices, outward return, inward return, and total monthly returns have to be filed online. If there are any mistakes, you have the option to correct it and refile the returns.
- Register the outward supply returns in the GSTR-1 form by the information section at the GST Common Portal (GSTN) on or before the 10th of the following month.
- Details of outside supplies supplied by the supplier will be made accessible in GSTR-2A to the recipient.
- The recipient has to check, validate, and alter the details of outside supplies, and also file details of credit or debit notes.
- The recipient has to supply the details of inside supplies of taxable goods and services in the GSTR-2 form.
- The supplier can both accept or deny the changes in the details of inward supplies made accessible by the recipient in GSTR-1A.
What are the different types of GST Returns?
Here is a list of all the returns to be registered as prescribed following the GST Law and online gst filing method along with the due dates. As per the CGST Act subject to modifications by CBIC Notifications in types of GSTR are :
| Return form | Eligible Taxpayers | The due date for filing returns |
| GSTR-1 | The registered taxable supplier must file details of outward supplies of taxable goods and services as effected. | 10th of the following month. |
| GSTR-2 | The registered taxable recipient must file details of inward supplies of taxable goods and services claiming the input tax credit. | 15th of the following month. |
| GSTR-3 | The registered taxable person must file monthly returns on the basis of finalization of details of outward supplies and inward supplies plus the payment of the amount of tax. | 20th of the following month. |
| GSTR-4 | The composition supplier must file quarterly returns. | 18th of the month succeeding quarter. |
| GSTR-5 | Return for non-resident taxable persons. | 20th of the subsequent month. |
| GSTR-6 | Return for input service distributor. | 13th of the subsequent month. |
| GSTR-7 | Return for authorities carrying out tax deduction at source. | 10th of the subsequent month. |
| GSTR-8 | E-commerce operators or tax collectors must file details of supplies affected and the amount of tax collected. | 10th of the subsequent month. |
| GSTR-9 | A registered taxable person must file an annual return. | 31 December of the next financial year. |
| GSTR-10 | A taxable person whose registration has been canceled or surrendered must file a final return. | Within 3 months from the date of cancellation or cancellation order, whichever is later |
| GSTR-11 | A person having UIN claiming a refund must file details of inward supplies. | 28th of the month, following the month |
Due Dates of Filing GSTR – 1, 2, 3 and 3B
GSTR-1 Quarterly Filing
For annual sales up to Rs 1.5 a year, you can choose to submit quarterly.
- Jan-Mar 2020- Due date is 30th April 2020
- Apr-Jun 2020- Due date is 31st July 2020
- Jul-Sept 2020- Due date is 31st October 2020
Monthly Filing
Annual turnover of more than Rs 1.5 crore must file monthly:
- January 2020- Due date is 11th February 2020
- February 2020- Due date is 11th March 2020
- March 2020- Due date is 11th April 2020
- April 2020- Due date is 11th May 2020
- May 2020- Due date is 11th June 2020
- June 2020- due date is 11th July 2020
- July 2020- due date is 11th August 2020
- August 2020- due date is 11th September 2020
- September 2020- Due date is 11th October 2020
GSTR-2 and GSTR-3
The filing of these forms is currently suspended.
GSTR-3B
GSTR-3B is a monthly summary return submitted by all taxpayers except taxpayers registered under the composition scheme.
Aggregate turnover exceeding Rs 5 crore in the previous financial year: Due date is 20th February 2020
Aggregate turnover less than or equal to Rs 5 crore in the previous financial year: due date for X states 22nd February 2020 and for Y states 24th February 2020.
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Frequently asked questions
What is GST return?
A GST return is a document including details of income that a taxpayer is expected to file with the tax administrative authorities. This is practiced by tax authorities to calculate tax liability.
Who can file GST returns?
Any lawful business has to file two monthly returns and one annual return. For more details call Legalpillers, experts they will guide you.
How do I submit my GST return online?
You do this with the help of the online Ca services. Or else you can simply log into the website (www.gst.gov.in).
Does GST apply to all businesses?
Yes, to all the businesses who are engaged in trading activities, sales, and purchases, in and out supplies of goods and services.
How do I check my GST return?
You can Check your GST return on Log in to the GST portal (www.gst.gov.in). Enter a 15-digit GST identification number that will be assigned based on your state code and PAN number. For more help call Legalpillers experts will guide you or Hire CA Online.
Is it mandatory to file a GST return?
Yes, return filing is necessary under GST. Even if there is no transaction, you need to file a Nil return. You are not allowed to file a return if you do not file the past month/quarter’s return.
Is GST returned monthly or quarterly?
It can be both, it all depends on the taxpayer and its turnover. Only one Quarterly return facility in GSTR-1 is free for up to 1.5 crores but GSTR-3B needs to be filed monthly. Each taxpayer who will apply for quarterly return has to give tax in self-declaration form every month for the first two months of the quarter.
What if my return is not submitted within the stipulated time?
If a GST taxpayer who is responsible to pay tax fails to register returns within the due dates, a fine of a certain amount daily from that he/she is responsible to pay GST with a maximum of a precise amount fixed by GST authorities.
How do you calculate monthly GST return?
Open the https://www.gst.gov.in/ Enter the valid credentials of your GST return on the login page.
- Go to Return Filing time.
- Pick the financial year in which the return has been registered from the drop-down list.
- Plug in the Search button.
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