What is a GST Return?
A GST return is a document that contains details of the sale, purchase, output tax, and an input tax credit of a registered person. The registered person files the returns after furnishing all the necessary details on the GST portal. The government authorities then calculate the net tax liability of the registered person through the GST return filed by that person.
Who is Required to File GST Returns?
Under GST, there are different types of taxpayers who need to file the GST returns. Those taxpayers are as follows:
- Normal taxpayers
- Taxpayers registered under composition scheme
- TDS deductors
- Non resident taxable persons
- Input service distributors
- Casual taxable persons and
- E-commerce Operators
Every person or business entity who is registered under GST is required to file GST returns on quarterly, monthly, and annual basis.
The registered persons with an aggregate turnover of more than Rs. 5 crores during the financial year and the persons who have not opted for the QRMP scheme need to file the specified annual returns.
Registered persons with an annual aggregate turnover of up to Rs 5 crores can opt for the QRMP scheme. The GST returns are filed on a quarterly basis under the QRMP scheme although the payment of tax is made on a monthly basis.
What are the Types of GST Returns?
Under GST, there are a total of 13 types of returns that are required to be filed by the registered persons. However, all these returns are not applicable to all registered persons. The type of GST return to be filed is based on the type of registered person or the type of registration obtained.
Let’s understand all these returns and types of taxpayers in detail below:
|
Returns |
Description of returns |
Frequency |
Due date |
|
GSTR 1 |
GSTR 1 contains details of the outward supply of taxable goods or services |
Monthly
|
11th day of the next month 13th day of the month succeeding the quarter |
|
GSTR 3B |
GSTR 3B is a summary return of all outward supplies, input tax credit claimed and net tax liability payable by the taxpayer |
Monthly
|
20th day of the next month 22nd or 24th day of the month succeeding the quarter |
|
GSTR 4 |
GSTR 4 is for registered persons who have opted for composition scheme |
Annually |
30th day of the month succeeding to the financial year |
|
GSTR 5 |
This return is for non resident taxable persons |
Monthly |
20th day of the next month (amended to 13th day in budget 2022 but is yet to be passed by CBIC) |
|
GSTR 5A |
This return is to be filed by non resident OIDAR service providers |
This return is to be filed by non resident OIDAR service providers |
20th day of the next month |
|
GSTR 6 |
GSTR 6 is for input service distributors |
Monthly |
13th day of the next month |
|
GSTR 7 |
This is to be filed by taxpayers who are registered under GST only for the purpose of deducting TDS |
Monthly |
10th day of the next month |
|
GSTR 8 |
GSTR 8 is for E-commerce operators. It contains details of supply and amount of TCS collected by ECO. |
Monthly |
10th day of the next month |
|
GSTR 9 |
Annual return to be filed by all regular taxpayers |
Annually |
31st December of the next F.Y. |
|
GSTR 9C |
Self certified Reconciliation Statement |
Annually |
31st December of the next F.Y. |
|
GSTR 10 |
Final Return to be filed by persons whose GST registration has been canceled. |
When the GST registration is canceled or surrendered. |
Within 3 months from the date of cancellation or the date of order of cancellation, whichever is later. |
|
GSTR 11 |
The detail of inward supply is furnished in this return by a person having UIN |
Monthly |
28th day of the month following the month for which the return is filed. |
What is the Process of Online GST Return Filing?
Filing GST returns is fully automated these days. Any taxpayer who needs to file his or her GST return can do so by using the GST software provided by the Goods and Service Network i.e. GSTN. The step by step process to file the GST Returns online is as follows:
Step 1: If you are a new taxpayer, then first take registration under GST and obtain a digit GST identification number, i.e. GSTIN.
Step 2: If the taxpayer is already registered under GST and has 15 digits GSTIN then log in to the GST portal i.e www.gst.gov.in using that GSTIN.
Step 3: Now on the GST portal, click on the “services” option.
Step 4: Then click on “Returns dashboard.” A drop down menu will appear on the screen. Then fill in the financial year and period for which you are filing the return.
Step 5: After this, select the type of return that you want to file and then click on “Prepare Online.”
Step 6: Then enter all the necessary details mentioned, like sale, purchase, output tax, and input tax credit, in the return. Make sure that you enter the details properly without making any errors.
Step 7: Once all the details are furnished in the return, click on the “save” button. A success message will pop up on the screen.
Step 8: Then click on the “submit” button from the bottom of the page to file your return. The status of your return will now change to “submitted.”
How to file GST Return in 3 easy steps?
Now, you can file your GST returns with so much ease in just 3 simple steps:
Step 1: Contact with eAuditor Office Pvt Ltd and provide all the necessary details, necessary to file the GST return, to our experts.
Step 2: Our experts will then file your return, based on the details provided by you, and then send it to you
Step 3: Once the return is approved by you, it will be submitted on the GST portal for evaluation by the government authorities.
Why choose an eAuditor office for GST Return Filing?
The GST Return filing process can be too tedious and complicated for an individual taxpayer or small businesses who are not familiar with the GST law. An eAuditor office can help you file your GST return without much hassle on your part. That complicated process can become seamless and quick with the help of an eAuditor office. Our experts are specialists in GST. They perform their services with utmost brilliance and dedication toward their clients. Not only this, they know about the law through each and every section or provision or rule. Choose an eAuditor Office now and experience this yourself.
