GST RETURN FILING - MONTHLY/QUARTERLY/ANNUAL

Every registered taxpayer have to file GST returns. There are various GST returns which are mentioned below:

GSTR-1: Return of outward supplies:

This return is to be furnished for reporting details of all outward supplies of goods and services made.

GSTR-1 is to be filed by all normal taxpayers who are registered under GST. It is to be filed monthly, except in the case of small taxpayers with turnover up to Rs.1.5 crore in the previous financial year, who can file the same on a quarterly basis.

GSTR-2A: Details of all inward supplies:

GSTR-2A is the return containing details of all inward supplies of goods and services i.e. purchases made from registered suppliers during a tax period. The data is auto-populated based on data filed by the suppliers in their GSTR-1 return. GSTR-2A is a read-only return and no action can be taken.

GSTR 3B: Summary of outward supplies and Tax payment:

It is a monthly self-declaration to be filed, for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertained and taxes paid.

GSTR-3B is to be filed by all normal taxpayers registered under GST.

GSTR 5: Return by Non Resident Taxable Person:

It is the return to be filed by non-resident foreign taxpayers, who are registered under GST and carry out business transactions in India. The return contains details of all outward supplies made, inward supplies received, credit/debit notes, tax liability and taxes paid.

The GSTR-5 return is to be filed monthly for each month that the taxpayer is registered under GST in India.

GSTR 6: Return for Input Service Distributor:

It’s a monthly return that has to be filed by every Input Service Distributor. This return contain the information of invoices on which input services distributor received the input credit and invoice through which input service distributor passing input credit to other registered units.

GSTR 7: Return for Tax Deductor:

It’s a monthly return that has to be file by every registered tax deductor. It contains the details transaction on which tax has been deducted (TDS) under GST. Further it also includes details of TDS payable, TDS refundable and interest on last payment deduction of TDS.

CMP-08: Return of Composition Dealers:

It is a quarterly return that has to be filed by registered composition dealers. In this return composition tax payer has to provide details of outward and tax payable on same.

This return is filed quarterly by taxpayers.

GSTR 8: Return by E-commerce Operator:

It’s a return that has to be filed by Electronic Commerce Operator.  GSTR-8 contains the details of supplies affected through e-commerce platform and amount of TCS collected on such supplies

GSTR 9:ANNUAL RETURNS BY TAXPAYERS:

Annual return has to be filed by every taxpayer except the following:

• Input Service Distributor
• Tax Deductor under Section 51
• Tax Collector under Section 52
• Casual taxable Person
• Non-resident Taxable person

Different types of Returns under GSTR 9 Form:

• GSTR 9A : To be filed by Composition Scheme Taxable persons
• GSTR 9B : To be filed by Electronic Commerce Operator
• GSTR 9C : To be filed by Person who are required to get their accounts audited under Sec 35 of CGST Act

GST-RFD:

RFD is an application for online processing of refund under GST. It is to to be e-filed on the GST portal to claim the refund of taxes, cess and interest paid in case of zero-rated supplies balance of excess cash paid into the electronic cash ledger