The return is document which is filed by the dealer with concern tax authorities. According to GST law a normal tax payer is supposed to file 3 returns quarterly and one return annually.  Following returns are to filed under GST law:-

 

RETURN FORM DETAILS TO BE FURNISHED DUE DATE
GSTR-1 Details of outward supplies of taxable goods 10th of next month
 or services or both
GSTR-2 Details of inward supplies of taxable goods 15th of next month
or services or both
GSTR-3 Monthly return of the basis of finalization of 20th of next month
details of outward supplies and inward
supplies along with the payment of amount of tax
GSTR-4 Quaterly return for composition dealers 18th from end of the
quarter
GSTR-5 Return for non-resident foreign taxable 20th of next month
person
GSTR-6 Input service distributor return 13th of next month
GSTR-7 Return for authorities deducting tax at source 10th of next month
GSTR-8 Details of supplies effected through e-commerce 10th of next month
operator and the amount of tax collected as
required under sub-section (52)
GSTR-9 Annual return 31st December of the
next financial year
GSTR-9A Annual return by composition dealers 31st December of the
next financial year

 

Provision for first two months of transition:- Return filing process has been simplified FORM GST-3B, containing only summary details, has been provided for all class of tax payers for acclimatisation of the tax payers with the new GST tax regime. The details are as follows:-

GSTR-1:- July’17 return can be submitted up to 5th September instead of 10th August. August’2017 return can be submitted up to 20th September instead of 10th of September.

GSTR-2:- July’2017 return can be submitted up to 10th September instead of 15th August. August’17 return can be submitted up to 25th September instead of 15th September.

GSTR-3:- July’2017 return can be submitted up to 15th September instead of 20th August. August’17 return can be submitted up to up to 30th September instead of 20th September.

GSTR-3B:- July’2017 return can be submitted up to 20th August’2017. August’2017 return can be submitted up to 20th September’2017.

Note:- GSTR-3B is a new form introduced by government. It is to be filed only for two months i.e July’2017 and August’2017. After the GSTR-1 is filed, GSTR-2 and GSTR-3 will be auto – populated according to the information furnished in Form GSTR-1.  GSTR-3B should be matched with Form GSTR-3. If there is any difference, it can be solved with payment of refund to the dealer or payment of tax by the dealer as the case ma be. No interest or penalty will be imposed on the difference. All the returns will be submitted in time according to the rules under GST for the month of September’2017 and onward.

According to the GST council meeting held on the 6th October,2017, the quarterly return will be submitted by the small businessmen whose turnover is within Rs. 1.50 Crore. Tax also paid on quarterly basis. This cycle will be effective from Oct’2017 onward.

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