Today we will know what is GST Return? What are the types of GST returns? What is GST Return? What is required to register for GST, how to file GST return? Who has to file GST Return? Before this, let us know for whom it is mandatory to register under GST.
Who is required to register in GST:
In India, such businessmen from normal states who have an annual turnover of more than 40 lakh rupees are required to register for GST. This limit is Rs 20 lakh for special states. This turnover limit is 20 lakhs in general states and 10 lakhs in special states for those who only do business in services. Apart from this, there are also some special categories that are mandatory to register for for every kind of turnover limit. To know more about them, see
What is GST Return
A GST return is a form through which you submit the details of all the transactions in your business to the government. In this, you have to give details of all sales and purchases as well as tax collected on sales (output tax) and tax paid on purchases (input tax). Even while filing the GST return, if you have any tax liability due, then it has to be deposited simultaneously.
Who has to file GST Return
All such business owners and dealers, who have registered themselves under the GST system, are required to fill out and submit the GST return. There are different rules for filing different types of GST returns according to the category of business. Who has to file what type of return is given in the following paragraphs.
Type of GST Returns
All businesses and entities registered under GST have to file returns. There are different rules for filing different types of returns for different categories of businessmen. Here we are explaining the introduction of all types of GST return forms and the last dates for filing them.
In this return form, all outward supplies made by a business have to be accounted for. Apart from this, details of purchases made under the reverse charge system and stock transfers between different states also have to be given.
Last date for filing GSTR-1: There are two types of GSTR-1 returns, depending on the category of businessmen. The dates of filling and submission of both are also different.
Businesses Using the QRMP Scheme: Businesses that have registered for the GST QRMP scheme must file a business return every quarter. It has to be filled out and submitted by the 13th day of the month immediately following every quarter.
What is QRMP Scheme?
Businessmen with a turnover of up to Rs 5 crore are allowed to adopt the QRMP scheme under the GST (Quarterly Returns Monthly Payment (QRMP) scheme). In this scheme, the tax has to be paid every month, but the return has to be filed every quarter.
Businesses with a non-QRMP scheme: Businessmen who have not registered themselves in the QRMP scheme of GST have to file a return of business every month. to be deposited by the 11th of the month immediately following the business month.
There was a rule to give details of purchases every month, but for the time being, this return has been postponed by the government. That’s why we are not giving its details here.
In this, there was a rule to give details of both sales and purchases every month, but for the time being, this return has been postponed by the government. That’s why we are not giving its details here.
During the early years of GST implementation, business owners were given the option of filing a simple return form, which is still in use today.In this, you have to give a rough account of your outward supplies and inward supplies, as well as tax payments, etc. This rule will also prevent taxpayers who do not file Form GSTR-3B from filing Form GSTR-1 beginning in January 2022.
Last date of GSTR 3B : Its dates also differ according to different categories:-
Businesses Using the QRMP Scheme: Businesses that have registered for the GST QRMP scheme must file a business return every quarter..
The GSTR-3B return has to be filed by the 22nd of the month following every quarter for businesses belonging to X category states. The names of the X category states are: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman-Diu, Dadra-Nagar Haveli, Puducherry, the Andaman-Nicobar Islands, and Lakshadweep.
For businesses belonging to Y category states, the GSTR-3B return has to be filed and submitted by the 24th of the month following every quarter. Y
The names of the states in the category are: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, New Delhi
Businesses with a non-QRMP scheme : Businessmen who have not registered themselves in the QRMP scheme of GST have pofile ae return of business every month. too be deposited by they 20th of the month immediately following the business month.
Under GST, businesses opting for composition scheme have to pay tax every quarter and submit a statement-cum-challan instead of a return. This has been implemented in place of Form GSTR-04, which has now been replaced as an annual return of composition dealers.
On taking the composition scheme, traders have to pay a tax of 1% on the turnover of goods and 5 to 6% on the business of services, depending on their category.
Who can take Composition Scheme?
In general category states, businesses with annual turnover up to Rs 1.5 crore can adopt the composition scheme. Whereas in special category states (see list below) businessmen with annual turnover of Rs 75 lakh can adopt this scheme. Businessmen doing business only in the service sector, with an annual turnover of less than Rs 50 lakh, can adopt this scheme.
The names of the states with special category in GST are-
- Arunachal Pradesh
- Jammu and Kashmir
- Himachal Pradesh
Last date for filing CMP-08:
CMP-08 can be filed by 18th of the month immediately following every quarter. This form is in the form of an invoice, in which you have to calculate the tax liability for that quarter on your own.
GSTR-5 and GSTR-5A
Non-resident foreign taxpayers who do business under GST are required to furnish details of their monthly sales and purchases as well as details of tax payments, etc. through the return Form GSTR-5. Similarly, foreign businessmen providing OIDAR service through the Internet have to give an account of every month’s purchases, sales, and taxes through a return form called GSTR-5A.
Last date for submission of GSTR-5 and GSTR-5A : After every business month, it is mandatory to submit the return forms GSTR-5 and GSTR-5Aby they 20th of the following month.
Under the GST, those doing business as input service distributors (ISDs) have to file this return every month. This system works to conduct a single business through multiple branches or offices. In this, all goods or services are procured through one head office and then sold or supplied through branches. The input credit received by the head office on its purchases is distributed to its branches.
Last date for submission of GSTR-6 : It is mandatory to file this return (GSTR-6) by the 13th of the month immediately following each business month.
Entities and businessmen authorised to deduct TDS under GST have to file this return (GSTR7) every month. In this, apart from the basic details (name, GSTIN number, etc.) about the taxpayer, the GSTIN number of the supplier and the receipts (invoices) have to be presented. Also, the type of GST (SGST, CGST, or IGST) on which TDS has been deducted has to be given. If any penalty, interest, etc., has been paid, then that also has to be recorded.
Last date for filing and submitting GSTR-7: the: 10th of the month following each month
E-commerce companies (such as Amazon, Flipkart, Myntra, Snapdeal) have to file accounts of every month’s turnover and TCS (Tax collected at source) collected through this return (GSTR-8).
Last date of GSTR-8 : 10th of the month following each month.
Every business registered under GST also has to file annual GST return after every financial year. Their names, introduction and last dates are as follows-
This is the annual GST return for the regular businessmen registered in GST. In this, you have to give detailed details of the purchases and sales of the whole year and tax payments etc.
Last date for filing GSTR-9 : Every year, after the financial year, by 31st December
GSTR – 9A
Businesses adopting the composition scheme under GST had to file this return earlier. Now this return has been terminated. Instead, GSTR-4 has to be filed.
Those opting for composition scheme have to account for their sales and purchases throughout the year as well as tax payments as per GSTR-4.
Last date for filing GSTR-4 : Every year, after the financial year, by 31st December
E-commerce companies (such as Amazon, Flipkart, Myntra, snapdeal) have to report their annual turnover and TCS (Tax collected at source) collected through this return (GSTR-9B) after the financial year. Is.
Last date for submission of GSTR-9B : Every year, after the financial year, by 31st December
Such businessmen with annual turnover of more than Rs 2 crore, who have to get their annual report audited, have to file this return.
Last date for submission of GSTR-9C : Every year, after the financial year, by 31st December
If you want to close your business under GST, then your GST registration has to be terminated or canceled. To do so, you need to fill out and submit a final return form. This return form is in the form of GSTR10. In this, you have to finally file your transactions and assess tax etc. and pay the final tax liability.
Last date for submission of GSTR-10 : Whenever you cancel or surrender your GST registration, you have to submit this return (GSTR10) within 3 months from the date of its cancellation.
International entities located in India (e.g., foreign embassies, UN offices, etc.) have to book their monthly purchases by filling out the GST return form GSTR11. On registering under GST, such entities get a UIN number (Unique Identity Number) instead of the GSTIN number. On the basis of this UIN number, they have to file their return on Form GSTR11.
Actually, these entities are not required to pay tax in India. The GST charged on their purchases is returned to them. But they have to fill out and submit the return form GSTR 11 to get their GST back. In this, you have to give details of your purchases and the GST paid on them.
Last date for submission of GSTR-11 :By they 28th of the month immediately following the month in which the statement of purchases is submitted, the return GSTR11 has to be filed.
If you have not done any business during the specified period of return. That is, if no sales have been made and no purchases have been made, then there is no tax (GST) liability on you. But, you have to file GST return for that period as well. Such return is called Nil GST return.
How to file GST return?
To file a GST return, it is necessary that you have registered on the GST Portal (https://www.gst.gov.in/) and that you have the GST Number (GSTIN). Because, to login to the GST Portal, a GST Number Key and Password are required. You can also complete this work online while sitting at home.
After getting the GST number, the process to file a GST return online is as follows:
Step 1 : Open the GST Portal on your computer ormobile device. Its linkis- www.gst.gov.in.
On the page that opens, the login button appears at the top right corner. Click on it. In the login box, login with the help of your GST number (GSTIN) and password.
Step 2 : Yourdashboardd opens on the screen. In this, the Services tab appears in the top bar. Move the cursor over it or click it.
You see the Returns Dashboard; click on it.
Step 3 : Select the financial year and business period for which the return is to be filed.
After this, select the return you want to file from the drop-down list. After this, click on the button to “Prepare Online” to file the return online.
Step 4 :Fill inl the information requested in the form (business and transactio- related).If taxes and late fees are being paid, include them as well. Afterthat,t click on the buttonfor ” Save” If your form isfilled outdproperly,y then the message of successappearss on the screen. Now click on the submit button at the bottom.
If you want to submit the already-filled Offline Return Form, then you have to click on the “Prepare Offline” button. The completed offline utility form must then be uploaded using the GST Offline Tool utility.After that, you also have to submit.
Step 5 : As soon as the status of your return is submitte On going down a little, the tile or linkfor ” Payment ofTax”x starts appearing. Click on this.
Now the button for “Check Balance” appears in front of you. By clicking on it, it will be known that you have to pay that tax, how much credit balance you have, and how much cash you have.
Step 6 : For tax liabilities, you can useboth ofh these options as per your convenience. That is, as much as you want can be deducted from the creditbalance,e and you can choose to pay with cash as much as you want. Now confirm it and click on the OK button.
Step 7 : Now you will see adeclaration,n which you have to read and give yourconsent tot by clicking on the check box in front of it.
After this, you have to verify all of this with the help of your digital signature (Digital Signature Certificate, or DSC), or verification code (Electronic Verification Code, or EVC).
Step 8 : Lastly, you have to pay your GST liability. With this, the process of filing your GST return is complete. The acknowledgement reference number (ARN) is also available in the form of its receipt. Make a note of the ARN. With the help of this, you can check the status or show proof.