GST Returns

File proper GST returns and become GST compliant!

Under the Goods and service tax Regime every registered taxpayer is required to file the numerous monthly and annual returns. Failing to do so can attract a considerable amount of fines. Now you can seamlessly file your GST returns with the assistance of Lawdef.

Overview

GST return is the document that is required to be filed by the taxpayer with the tax administrative authorities to report their income. Every person registered under the GST regime is required to file the applied returns with which the taxation authorities calculate the tax liabilities. In the returns to be filed the details regarding the Purchases, Sales, Output GST (On sales) and Input tax credit (GST paid on purchases) are required to be provided.

The GST experts at Lawdef can assist you in filing the proper returns in a timely manner so as to make you GST compliant.

Goods and Serivces Tax Return
Types of GST Returns

What are the types of GST returns?

GSTR-1

For giving the details of outward supplies of taxable goods and/or services affected.

Due Date- For the turnover over 1.5 crore, the due date is 10th of the relevant month. While if the turnover is up to 1.5 cr. the returns are required to be filed on a Quarterly basis.

GSTR-2

For giving the details of the inward supplies of taxable goods and/or services effected claiming input tax credit.

Due date- Currently the GSTR-2 and the GSTR 3B are being suspended thus there is no requirement of filing this return.

GSTR-3

This return is filed based upon the finalization of details of outward supplies and inward supplies along with the payment of the amount of tax.

Due date- Currently the GSTR-2 and the GSTR 3B are being suspended thus there is no requirement of filing this return.

GSTR-3B

This is the provisional return that is required to be filed for the months of July 2017 to June 2018.

Due date- The date for filing this return has been extended to September 2018 now all the business units are required to file this return by the 20th of next month until Sept 2018.

GSTR-9

This is the return that is required to be filed on annual basis by the registered taxpayer.

For the taxpayer opting for composition scheme

In comparison to the regular taxpayers there are only 2 returns that are required to be filed by the taxpayers registered under the composition scheme.

GSTR-4

This is compounding return to be filed on the quarterly basis.

Due date- The due date of filing this return is 18th of the succeeding month from the end of the quarter.

GSTR-9

It is the annual return.

Due date- This return is required to be filed by the 31st December f next financial year.

Composition Scheme for Taxpayer
Goods and Services Tax Returns Filed by taxpayer

GST returns to be filed by other taxpayers

GSTR-5

This is the return that is required to be filed by the non-resident foreign taxable person.

Due date- The due date for filing this return is the 20th of the next month

GSTR-5A

This is the return that is required to be filed by the Non-resident persons providing OIDAR services.

Due date- The due date for filing this return is the 20th of the next month

GSTR-6

This return is required to be filed by the input service distributor.

Due dates- This return is required to be filed by the 13th of next month.

GSTR-7

This is the returns required to be filed by the authorities deducting tax at source.

Due date- The due date for filing this return is 10th of the succeeding month

GSTR-8

Through this return thee-commerce operator are required to provide the details of the amount of tax collected.

Due date- The due date for filing this return is 10th of the succeeding month.

GSTR-10

This is the final return that is required to be filed when the registration is canceled or surrendered.

Due date- this return must be filed within three months from the date of cancellation or the date of cancellation order, whichever is later.

GSTR-11

This return is required to be filed by a person having UIN and claiming refund.

Due date- This return is required to be furnished by 28th of the month following the month for which statement is filed.

What is the procedure of filing the GST returns?

  • To initiate the procedure of filing the GST return you should get in touch with the team of lawdef.
  • Provide the required the details and documents.
  • Your returns will be filed in a timely manner.
Procedure of Filing GST Returns

Frequently Asked Questions

If GST Returns are not filed within time, you will be liable to pay interest and a late fee. The amount of late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. Further, an interest is required to be paid at the rate of 18% per annum. The amount of interest will be calculated on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment.
There is no requirement of filing the GST returns by every business unit. Their requirement of GST returns by required business units is elaborated above.
No, it is not possible to revise GSTR-3B once filed. But Government has now allowed to ‘Reset GSTR 3B’ after submission but before filing the return.
No, there is no requirement of uploading the entire invoices rather you are just required to mention prescribed fields of information from invoices.
Yes, the taxpayer is required to upload both the money and taxable value of the transaction carried out. In the case of transactions with no consideration, the supply is presumed to take place thus the taxable value must be calculated and stated in the returns filed.
No, there is no such requirement of uploading the complete description. Only HSN code in respect of the supply of goods and Accounting code in respect of the supply of services will have to be fed. The minimum number of digits that the filer will have to upload would depend on his turnover in the last year.