GST Return - Compliance Hands

GST Returns

GST Return is a document that mentions all details related to GST invoices, payments, and receipts for a specific period. A taxpayer is liable to declare all transactions related to the revenue of the business based on which the authorities will calculate the amount of tax to be paid by the business.

Note: The GST return due dates may be extended by the Government from time to time.

Type	Specific	Frequency	Due Date
GSTR-1	Its Filed for outward supplies(Sale) of goods and services.	Quarterly Monthly	If Turnover is Less than INR 1.5 Crore than- 31st of the immediately next quarter but if its more than INR 1.5 Cr then –Monthly- 11th of the immediate of Next month
GSTR-2 (Suspended)	Its filed for Inward Supplies(Purchase) of goods and services.	Monthly	15th of immediate next month
GSTR-3 (Suspended)	its filed for outward supplies and inward supplies along with the payment of tax.	Monthly	20th of immediate next month
GSTR-3B	Its filed for Inward Supplies(Purchase) & Outward supply(sale) of goods and services with payament of GST amount.	Monthly	20th of immediate next month
CMP-08	Its filed by dealer who registered under the composition scheme.	Quarterly	18th of the immediate month succeeding quarter
GSTR-5	Its filed by Non-Resident foreign taxable person	Monthly	20th of immediate next month
GSTR-6	Its filed by an Input Service Distributor	Monthly	13th of immediate next month
GSTR-7	Its filed by authorities deducting tax at source.	Monthly	10th of immediate next month
GSTR-8	Details of supplies effected through e-commerce operator and the amount of tax collected	Monthly	10th of immediate next month
GSTR-9	it’s an Annual Return for a Normal Taxpayer	Annually	31st December of immediate next financial year
GSTR-9A	It’s an Annual Return a taxpayer registered under the composition levy anytime during the year	Annually	31st December of immediate next financial year
GSTR-10	Final Return	Once, when GST Registration is cancelled or surrendered	Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11	Details of inward supplies to be furnished by a person having UIN and claiming a refund	Monthly	28th of the month following the month for which statement is filed

Late fees for GST Retrun:
GST return filing is mandatory for registered persons even if there is no sale or purchase for a particular period then also need to file NIL return for that period.

Type of Return	Late Fees
NIL Retrun (of GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6)	20 per day
For GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6	100 per day
Return other than GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-6,GSTR-9	200 per day, Max INR 5000
For Annual Return(GSTR9)	Max upto 0.25% of Turnover

Interest on outstanding Tax amount
An interest at the rate of 18% per annum will be charged on the outstanding tax in case of delayed GSTR filing. Interest is calculated from the next day of the due date. Moreover, an interest has to be paid when a taxpayer claims excess Input Tax Credit (ITC) or reduce output tax liability in excess at the rate of 24% per annum.

GST Returns

Note: The GST return due dates may be extended by the Government from time to time.

Type

Specific

Frequency

Due Date

GSTR-1

Its Filed for outward supplies(Sale) of goods and services.

Quarterly Monthly

If Turnover is Less than INR 1.5 Crore than- 31st of the immediately next quarter but if

its more than INR 1.5 Cr then –Monthly- 11th of the immediate of Next month

GSTR-2(Suspended)

Its filed for Inward Supplies(Purchase) of goods and services.

Monthly

15th of immediate next month

GSTR-3(Suspended)

its filed for outward supplies and inward supplies along with the payment of tax.

Monthly

20th of immediate next month

GSTR-3B

Its filed for Inward Supplies(Purchase) & Outward supply(sale) of goods and services with payament of GST amount.

Monthly

20th of immediate next month

CMP-08

Its filed by dealer who registered under the composition scheme.

Quarterly

18th of the immediate month succeeding quarter

GSTR-5

Its filed by Non-Resident foreign taxable person

Monthly

20th of immediate next month

GSTR-6

Its filed by an Input Service Distributor

Monthly

13th of immediate next month

GSTR-7

Its filed by authorities deducting tax at source.

Monthly

10th of immediate next month

GSTR-8

Details of supplies effected through e-commerce operator and the amount of tax collected

Monthly

10th of immediate next month

GSTR-9

it’s an Annual Return for a Normal Taxpayer

Annually

31st December of immediate next financial year

GSTR-9A

It’s an Annual Return a taxpayer registered under the composition levy anytime during the year

Annually

31st December of immediate next financial year

GSTR-10

Final Return

Once, when GST Registration is cancelled or surrendered

Within three months of the date of cancellation or date of cancellation order, whichever is later.

GSTR-11

Details of inward supplies to be furnished by a person having UIN and claiming a refund

Monthly

28th of the month following the month for which statement is filed

Late fees for GST Retrun:GST return filing is mandatory for registered persons even if there is no sale or purchase for a particular period then also need to file NIL return for that period.

NOTE: The interest rate & late filing fees are subject to change as per CBIC notifications.

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GST Retrun Filing

Quarterly

Monthly

GSTR-2
(Suspended)

GSTR-3
(Suspended)

Late fees for GST Retrun:
GST return filing is mandatory for registered persons even if there is no sale or purchase for a particular period then also need to file NIL return for that period.