Types of GSTR, due dates and their applicability

Types of GST Returns, and Their Applicability to your Business

The average taxpayer who runs a business has to deal with a number of taxes. If they are compliant under VAT, Service Tax, etc. then they have to file returns as per the law of their respective state (as these taxes vary from one Indian State to another). Apart from the returns, there are annexures and registers for all these taxes that are to be provided on a monthly, half yearly or yearly basis. Without a doubt, the process is tedious and complicated.

GST aims at making filing the returns easier and simpler as the compliant businessmen will need to file only the GST returns. The GST council has released the details of the all 11 types of returns which are to be filed electronically through the Common Portal. You may need to file only a few of these depending on your business type.

Regular Businesses

If you are a GST compliant business who has to pay the GST in the standard manner then your business will be considered as a regular business.

You will need to file three types of returns on a monthly basis, which are GSTR-1, GSTR-2, and GSTR-3. However, the returns GSTR-2 and GSTR-3 will be automatically created for you using the details from the GSTR-1 return.

The GSTR-1 is to be filed along with the details of the outward supplies made by you in the previous month. These details will result in the auto-population of the inward supplies, i.e. form GSTR-2A. You can confirm these details which will result in the creation of the form GSTR 2.

Once you have provided the details of goods/services bought and sold through the forms GSTR-1 and GSTR-2 respectively, the information will result in the automatic creation of GSTR-3. You can now approve this return or make changes if required.

You can refer to the table below to understand the timelines associated with all the returns:

Return Form Details to be filed Concerned Person Deadline
GSTR-1 Outward supplies that are taxable under GST Registered Taxable Supplier 10th of the next month
GSTR-2 Inward supplies that are taxable under GST Registered Taxable Recipient 15th of the next month
GSTR-3 Monthly GST returns that are based on the details of outward supplies and inward supplies Registered Taxable Person 20th of the next month
GSTR-9 Annual Return Registered Taxable Person 31st December of the next financial year

 

Composition Businesses

The government has issued a Composition Scheme to make GST compliance easier for small businesses. The scheme has various benefits for eligible businesses, such as lower GST tax rate, quarterly tax returns (as opposed to monthly), etc.

If your annual turnover does not exceed Rs. 50 lakhs then you can opt for GST payment under the composition scheme. By doing so, you have to file returns in the following manner:

Return Form Details to be filed Concerned Person Deadline
GSTR-4 Quarterly return for compounding taxable person. Composition Supplier 18th of the next month after each quarter
GSTR-9A Annual return Compounding Taxable Person 31st December of the next financial year

 

Other Businesses

There are a few businesses that are not covered in the previous categories. These belong to non-resident foreign taxable persons, electronic commerce operators, etc. Their returns along with the timelines are given in the table below.

Return Form Details to be filed Concerned Person Deadline
GSTR-5 Return for Non-Resident foreign taxable person Non-Resident Taxable Person 10th of every month
GSTR-6 Return for Input Service Distributor Input Service Distributor 13th of every month
GSTR-7 Return for authorities deducting tax at source. Tax Deductor 10th of every month
GSTR-7 Taxable supplies of an e-commerce operator, and the overall tax collected E-commerce Operator/Tax Collector 10th of every month

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