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GST Returns: Types of Return, Due Dates & Late Fees

GST Filing – Important Dates For Filing

IMPORTANT DATES

GSTR-3B (Mar, 2022)Apr 20th, 2022GSTR-3B (Jan-Mar,2022)Apr 22nd, 24th,2022
GSTR-1 (Mar, 2022)Apr 11th, 2022IFF (Optional) (Mar,2022)NA
GSTR-1 (Jan-Mar, 2022)Apr 13th, 2022CMP-08 (Jan-Mar,2022)Apr 18th, 2022

OTHERS

GSTR-5 (Mar, 2022)Apr 20th, 2022GSTR-5A (Mar, 2022)Apr 20th, 2022
GSTR-6 (Mar, 2022)Apr 13th, 2022GSTR-7 (Mar, 2022)Apr 10th, 2022
GSTR-8 (Mar, 2022)Apr 10th, 2022RFD-1018 Months after the end of quarter for which refund is to be claimed

A GST return is a form that a taxpayer who is registered under the Goods and Services Tax (GST) law must file for each GSTIN that he has.

GST Returns Filing Structure

Regular Taxpayers

Businesses and professionals registered under GST must file monthly GST reports in forms GSTR-1 and GSTR-3B if their annual aggregate turnover during the fiscal year exceeds Rs.5 crore (Was Rs.1.5 crore up to December 2020). The rest of the taxpayers, on the other hand, had the option of opting for quarterly GSTR-1 filing while continuing to file GSTR-3B monthly until December 2020.

Taxpayers with an annual turnover of up to Rs.5 crore may opt for the QRMP plan beginning in the first quarter of 2021, under which they can file both GSTR-1 and GSTR-3B once every quarter while continuing to make a monthly estimated payment of taxes. An Invoice Furnishing Facility (IFF) has also been made available for quarterly GSTR-1 filers to upload documentation pertaining to their B2B external supplies. Between now and then, auto-drafted forms such as GSTR-2A and GSTR-2B would assist taxpayers in claiming their qualified input tax credit on their GSTR-3B.

Composition Taxable Persons

A person registered under the composition scheme must pay tax once a quarter in form CMP-08, providing basic information, and must file a new version of GSTR-4 every year by April 30th for fiscal years 2019-20 onwards. A taxpayer enrolled under the composition scheme had to make a quarterly return in form GTSR-4 and an annual return in form GSTR-9A until fiscal year 2018-19.

Returns For Specific Transactions Or Entities

Special GST transactions are described by specific GST returns such as GSTR-5, GSTR-5A, GSTR-6, GSTR-7, and GSTR-8. Read our article on 'GST Returns' for more information about GST returns.

Types Of GST Returns And Due Dates

Return TypeFiling Process & Due Dates
GSTR-1To be filed in order to report on all outbound supplies of goods and services made. It must be filed by all regular taxpayers who are enrolled for GST, including casual taxpayers.Due Dates:
  • For firms with an annual aggregate revenue of more than Rs.5 crore or that have not selected for the QRMP scheme - Monthly, by the 11th of each month
  • For businesses that have opted for the QRMP scheme - Quarterly, by the 13th of the following month
GSTR-3BGSTR-3B is a monthly self-declaration that must be reported in order to provide summarised details of all outward supplies made, input tax credit claimed, tax liability calculated, and taxes paid. GSTR-3B must be filed by all regular taxpayers who are enrolled for GST.Due Dates:
  • Monthly, on the 20th of each month- For taxpayers who had an aggregate turnover of more than Rs.5 crore in the previous fiscal year or who were otherwise eligible but chose not to participate in the QRMP scheme.
  • Quarterly, 22nd of the month following the quarter for 'X' category of States and 24th of the month following the quarter for 'Y' category of States- For taxpayers with aggregate revenue of Rs 5 crore or less, eligible to continue to be opted into the QRMP program.
GSTR-4GSTR-4 is the annual return that GST composition taxable persons are required to file by the 30th April of the year following the relevant fiscal year. From fiscal year 2019-20 onwards, it replaced the previous GSTR-9A (annual return). Prior to fiscal year 2019-20, this return had to be filed quarterly. Following that, a simple challan in form CMP-08 filed by the 18th of the month following each quarter replaced it.
GSTR-5GSTR-5 is the return required to be filed by non-resident foreign taxpayers who are registered for GST and conduct business in India.The return includes information on all outgoing supplies, inward supplies received, credit/debit notes, tax liabilities, and taxes paid.The GSTR-5 return is due on the 20th of each month under the GSTIN under which the taxpayer is registered in India.
GSTR-5AGSTR-5A is a summary return used to record outbound taxable supplies and GST payable by an Online Information and Database Access or Retrieval Services (OIDAR) provider.The GSTR-5A form is due on the 20th of each month.
GSTR-6GSTR-6 is a monthly return that an Input Service Distributor must file (ISD).It will include information on the ISD's receipt and distribution of input tax credits. It will also include information on all documents issued for the distribution of input credit as well as the method of distribution.Every month, the 13th is the deadline for filing GSTR-6.
GSTR-7GSTR-7 is a monthly return required to be filed by individuals who are obligated to deduct TDS (Tax deducted at source) under GST.This return will include information on the TDS deducted, the TDS liability payable and paid, and any TDS refund sought.Every month, the 10th is the deadline for filing GSTR-7.
GSTR-8GSTR-8 is a monthly return required to be filed by GST-registered e-commerce firms who are obligated to collect tax at source (TCS).It comprises information on all purchases made through the e-commerce platform, as well as the TCS collected on such purchases.The GSTR-8 return must be filed monthly by the 10th of each month.
GSTR-9GSTR-9 is the annual return required of GST-registered taxpayers. According to GST rules, it is due by the 31st of December of the year following the relevant fiscal year. It includes information on all outward supplies produced, inward supplies received during the relevant fiscal year under distinct tax headings (CGST, SGST, and IGST), and a summary value of supplies recorded under each HSN code, as well as information on taxes payable and paid.It is a compilation of all monthly or quarterly returns (GSTR-1, GSTR-2A, and GSTR-3B) filed during the fiscal year. GSTR-9 is required to be filed by all GST-registered taxpayers.
GSTR-9CAccording to GST rules, all taxpayers registered under GST whose turnover exceeds Rs.2 crore in a fiscal year must file GSTR-9C. The deadline for submitting this statement is December 31st of the year after the relevant fiscal year.
GSTR-10A taxable individual whose registration has been cancelled or relinquished must file GSTR-10. This return, also known as a final return, must be filed within three months of the date of cancellation or cancellation order, whichever is later.
GSTR-11GSTR-11 is the return that must be filed by individuals who have been issued a Unique Identity Number (UIN) in order to receive a GST refund for goods and services purchased in India. UIN is a designation created for foreign diplomatic missions and embassies that are not taxed in India in order to obtain a tax refund. GSTR-11 will include information about inward supplies received and refunds claimed.

Late Filing Of GST Returns

GST requires the filing of returns. You must file a Nil return even if there is no transaction.

Please keep the following points in mind:

  • You will be unable to file a return if you have not filed the preceding month or quarter return.
  • As a result, late submission of a GST return will have a cumulative impact, resulting in significant fines and penalties.
  • The late filing fee for the GSTR-1 is recorded in the liability ledger of the GSTR-3B filed immediately after the delay.

Penalties, Interests & Late Fees

The annual interest rate is 18%. It must be estimated by the taxpayer based on the amount of unpaid tax. It is based on the net tax liability as recorded in the ledger at the time of payment. The time period will be from the next day of the filing due date until the actual date of payment.

The late fee under the CGST Act is Rs.100 every day. As a result, it is Rs.100 under CGST and Rs.100 under SGST. The total cost each day will be Rs.200. There is, however, a maximum levy of Rs. 5,000. The IGST Act does not include a separate late fee. In addition, the total late cost for GSTR-1 and GSTR-3B has been decreased to Rs. 50 per day (Rs.20 per day for Nil filing).

FAQs

1. What are the GST returns to be filed?

There are a total of 11 return forms to be filed under GST.

2. What is the due date for filing GST Returns?

Each return has a specific return date. Please refer to the table column in the above article for the due dates for each return form.

3. Is it compulsory to file GST Returns?

If you are a registered GST user, you have to file returns. Even if you are not liable to pay tax, you have to file NIL returns.

4. How do I pay GST?

Registered GST taxpayers can pay tax, file returns and claim input tax credit through the official GST portal.

5. What if I fail to file my GST return?

If you do not file a GST return, subsequent returns cannot be filed, and applicable penalties will be imposed on your account.

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