Published Thu, 29 Sep 2022 Goods and Service Tax
Under GST, a registered dealer has to file various periodical GST returns, which include details of purchases, sales, Output GST (On sales), Input tax credit (GST paid on purchases). The type of returns that need to be filed vary from business to business. We have summarized various GST returns in below table:
| S. No. | Description of return | Form | Due date | Remarks |
| Monthly | ||||
|
|
Reporting of Outward Supply (Turnover exceeding Rs. 1.50 Crore) | GSTR-1 | by 10th of next month | |
| 2. | Details of inward supplies of taxable goods and/or services affected claiming the input tax credit. | GSTR-2 | by 15th of next month | Suspended |
| 3. | Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax. | GSTR-3 | by 20th of next month | Suspended |
| 4. | Monthly summary of outwards supplies, tax credits, payment of tax, etc. | GSTR-3B | by 20th of next month | |
| 5. | Return for a Non-Resident foreign taxable person | GSTR-5 | by 20th of next month | |
| 6. | Return by an Input Service Distributor | GSTR-6 | by 13th of next month | |
| 7. | Return for authorities deducting tax at source | GSTR-7 | by 10th of next month | |
| 8. | Details of supplies effected through e-commerce operator and the amount of tax collected | GSTR-8 | by 10th of next month | |
| Quarterly | ||||
| 9. | Reporting of Outward Supply (Turnover upto Rs. 1.50 Crore) | GSTR-1 | Last day of the month following the quarter | |
| 10. | Tax payment by taxpayer registered under the composition levy | CMP-08 |
by 18th of the month following the quarter |
CMP-08 is a statement cum challan having details of outward & inward supplies including the taxes paid etc |
| Annually | ||||
| 11. | Annual Return for a taxpayer registered under the composition levy | GSTR-4 | by 30th April of subsequent year |
Until FY 2018-19, the due date was 18th of the month after the end of the quarter. |
| 12. | Annual Return for normal tax payer | GSTR-9 | by 31st December of subsequent year | Optional for the registered person having turnover up to 2 Crore for FY 2017-18 and 2018-19 |
| 13. | Annual Return for taxpayer registered under the composition levy anytime during the year | GSTR-9A | by 31st December of subsequent year | Filing for FY 2017-18 and 2018-19 is waived off. |
| 14. | GST Audit by Chartered Accountant | GSTR-9C | by 31st December of subsequent year | Applicable if turnover exceeds Rs. 2 crores for given financial year. (Turnover limit is increased to Rs. 5 Crore for FY 2018-19) |
| 15. | Final Return when GST Registration is cancelled or surrendered | GSTR-10 | Within three months of the date of cancellation or date of cancellation order, whichever is later. | |
| 16. | Details of inward supplies to be furnished by a person having Unique Identity Number(UIN) and claiming a refund | GSTR-11 | by 28th of the month following the month for which statement is filed |
Late fee in case of delayed filing of returns
| Return Type | Late Fees under CGST | Late Fees Under SGST/UTGST | Remarks |
| GSTR 3B | Rs. 25 per day | Rs. 25 per day | Maximum of Rs. 10,000 (Rs. 5,000 for CGST and Rs. 5,000 for SGST) |
| GSTR-1 | Rs. 100 per day | Rs. 100 per day | Maximum of Rs. 10,000(Rs. 5,000 for CGST and Rs. 5,000 for SGST) |
| GSTR-3B (NIL Return) | Rs 10 per day | Rs 10 per day | A return in which there is no sales/purchase is considered as NIL return. |
| Annual Returns-GSTR 9 and 9A | Rs. 100 per day | Rs. 100 per day | Maximum of 0.50% (0.25% for CGST and 0.25% for SGST) of turnover. |
Notes: Late fees for GSTR-3B for a month is required to be paid in the next month. Next month’s return cannot be filed before making payment of late fees of previous month.
Interest liability for delayed payment of tax and other cases
This is important to make payment of tax within prescribed time, any delay in payment of tax or excess claim of ITC or excess reduction in output tax, attract interest as below:
| Particulars | Interest rate |
| Tax paid after due date | 18% p.a. |
| Excess ITC Claimed or excess reduction in Output Tax | 24% p.a. |
The Interest has to be calculated from the next day on which tax was due.
