GST Return Filing

You can easily file all of the three returns which are monthly along with the yearly GST return, at the most economical price!

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    We can collect all of the required information from you through our expert agents in a seamless process

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    The preparation of your returns will be done as per the requirements

  • Filing of the Returns

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What do you mean by GST Return Filing?


GST Return filing under GST regime is very crucial as non- compliance and delay in any of the GST return will give rise to the heavy penalty and will also affect the compliance rating and timely refunds. So, calendar the GST return filing date on very first or let us do that work for you.

All GST Registered users have to file the monthly, quarterly or annually GST Return based on the nature of the business. After the regular notification and alarms people still fails to file the GST return on time.

The schedule for the filing of returns


1. What is GST Return?


A GST Return is a return which you need to file after getting the GST registration. A return is a kind of document that contains the detail of income which a taxpayer is ought to file with the administrative authorities and these GST Returns are used to calculate the tax liability.

Under GST Registration, a registered dealer is required to file GST Returns that basically includes the following-

  • Purchase
  • Sales
  • GST Output (on sales)
  • Input Tax Credit ( GST paid on purchase)

Now, GST Return includes GST complaints sales and purchase invoices are required.

Some important Latest updates

  • Extension of due dates for GSTR- 3B
  • The extension of due dates for GSTR-3B only for the newly migrated taxpayers for months July 2017 to Nov 2018 till 31st December 2018. The due dates remain unchanged for rest of the taxpayer.

  • Extension of due date for GSTR- 1
  • the extension of due dates for GSTR-1 for the taxpayer with turnover more than 1.5 crores in previous Financial Year or Current Financial Year-

    a) Regular Taxpayer- for month from July 2017 to September 2018 extended till the 31st October 2018

    b) Newly Migrated taxpayer- for months from July 2017 to November 2018 extended till the 31st December 2018.

  • Extension of Due date for GSTR- 1
  • The date has been extended for the taxpayer with turnover up to 1.5 crores in previous FY or Current FY.

    a) Regular Taxpayer

    Quarter New Due Date
    July- September 2017 31st October 2018
    October- December 2017 31st October 2018
    January – March 2018   31st October 2018
    April- June 2018 31st October 2018
    July- September 2018 31st October 2018
    October- December 2018 31st January 2019
    January- March 2019 30th April 2019

    b) Newly Migrated Taxpayer - for all quarter from July 2017 to September 2018 extended till 31st December 2018.

    c) For Flood- affected Region of Kadagu, Mahe and kerala : the above described table of dates remain the same except for quarter July 2018 to September 2018 extended till 15th November 2018.

  • Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to any technical error-to 31st March 2019 and 30th April 2019.
  • CBEC has withdrawn the reduction in the late fees for only GSTR-5A charged for delay in the return filing with effect from 7th March 2018, which means there is no late fees which is to be paid by the taxpayer for late- filing of GSTR-5A now stands at the total of Rs 200 per day of delay (Rs 100 per day of delay for NIL Return) subject to the maximum cap in the late fees at Rs 5000.
  • As on the 7th March 2018, the reduced late fees for other return such as GSTR-1, GSTR-3B (October2017 outwards), GSTR-4. GSTR-5 & GSTR-3B (October 2017onwards), GSTR-4, GSTR-5 &GSTR-6 continue to apply.

There are some prescribed formats for each of the above of the returns. The forms may seem complex and difficult to understand.

2. Who should file the GST Returns?


In the GST Regime, every regular taxpayer has to file two monthly returns and one annual return. This amounts to 26 returns in a year.

The nature of the system is that one has to manually enter details of one monthly return – GSTR-1. The GST return or other returns like GSTR 3B will get auto- generated by deriving information from GSTR-1 filed by you and your vendors.

There are separate GST returns required to be filed by special cases such as composition dealers.

3. What are the types of GST Returns?


There are list of the GST Returns are to be filed as prescribed under the GST law along with the due dates which are as follows-

1. Any Regular Business

Under the CGST act, the following are the GST Return Filing -

Under the CGST act, the following are the Return Form Particulars Interval Due Date
GSTR-1 Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019( Taxpayer whose turnover is more than Rs 1.5 crores in previous year) Monthly* 11TH of the next month**
GSTR-2 Details of inward supplies of taxable goods and/or services claiming Input Tax Credit Monthly* 15th of the next month
GSTR-3 Monthly Return on the basis of finalization of details of outward supplies and inward supplies along with the payment of tax Monthly * 20th of the next month
GSTR- 9 Annual Return to be filed Annually 31st December of next financial year
GSTR-3B Return for months of up to March 2019 Monthly 20th of the next month

**Taxpayer who has a turnover less than Rs 1.5 Crores in the previous financial year has the choice to file Quarterly GSTR-1 by the end of the next month affected July 2018 to March 2019

**Details of outward supplies of taxable goods and/or services affected till June 2018 will be 10th of next month.

2. Composition Scheme

Return Form Particular Interval Due date
GSTR- 4 Return for compounding taxable person Quarterly 18th of the month succeeding quarter**
GSTR-9A Annual Return Monthly 31st December of the next financial year

3. Specified Registered Dealer – return to be filed certain

Return Form Particular Interval Due date
GSTR- 5 Return for Non- Resident Foreign taxable person Monthly 20th of the next month***
GSTR-5A Return for Non- Resident person providing OIDAR services Monthly 20th of the next month***
GSTR-6 Return for Input Service Distributor Monthly 13th of the next month***
GSTR-7 Return for authorities deducting tax at source Monthly 10th of the next month
GSTR-8 Details of supplies effected through e- commerce operator and the amount of tax collected Monthly 10th of the next month
GSTR-10 Final Return Once , when registration is cancelled or surrendered Within 3month of the date of cancellation or date of cancellation order, whichever is later
GSTR-11 Details of inward supplies to be furnished by a person having UIN and claiming refund Monthly 28th of the month following the month for which statement is filed

4. Due dates to file the GST Returns

It is noted that due dates for filing GST Return after the notification or orders can be extended.

GSTR-1

This return is to be filed whose turnover is up to Rs 1.5cr and who opted Quarterly filing

Period Due Dates
Jan- March 2018 30th April 2018
Apr- June 2018 31st July 2018
July- Sept 2018 31st Oct 2018

This return is to be filed whose turnover is more than Rs 1.5cr or whose turnover is of less than 1.5cr but they opted Monthly filing

Period Dates
April 2018 31st May 2018
May 2018 10th June 2018
June 2018 10th July 2018
July 2018 10th August 2018
Aug 2018 10th September 2018
Sept 2018 10th October 2018

GSTR- 2 and GSTR-3

GSTR- 2 and GSTR-3 filing has been suspended.

GSTR-3B

  • GSTR-3B has been extended to March 2019.
  • All business has to file GSTR-3B by the 20th of the next month until March 2019.

The Due date for the month of September 2018 i.e. 20th October 2018

GSTR-4

The Due date for the quarter July 2018 to September 2018 is 18th October 2018.

 GSTR-5

The Due date for September 2018 is 20th October 2018.

GSTR- 5A

The Due date for September 2018 is 20th October 2018.

GSTR- 6

The Due date of GSTR-6 for the months from July 2017 to August 2018 is extended to 30th September 2018.

5. GST Return filing – late fees

If GST Returns are not filed on time, then you will be liable to the pay the interest along with the late fees. The interest will be charged at 18% per annum. It has to be the calculated by the taxpayer on the outstanding tax to be paid. The time period starts from the very next day of filing to the date of payment.

The late fees are Rs. 100 per day according to the act. So, it is around Rs 100 under CGST & 100 under SGST. Total will be Rs 200 per day. Maximum is Rs 5,000. There are no late fees paid for IGST.

GST SAHAJ Return & GST SUGAM


The GST council has announced a simpler GST Return Filing mechanism for small taxpayers in its 27th Council meeting. The new filing system is coming to be implemented from the 1st April 2019.

There are two types of quarterly returns i.e.  SAHAJ and SUGAM

These two forms are going to be introduced by the taxpayer with a turnover below 5 crores.

GST SAHAJ is a simplified one- page GST summary return that is to be introduced in April 2019, and paid by the taxpayer whose turnover is up to Rs 5 crores in the last financial year. It is a payment that is to be made monthly through a challan mode.

Small taxpayers with a turnover of up to Rs 5 crores and are engaged in the B2C supplies can also opt to file the quarterly returns in GSTR SAHAJ form.

GST SUGAM return is filed by the taxpayer with a turnover of up to Rs 5 crores in the financial year. It is engaged in the both B2B and B2C supplies.

FAQ on GST Return


Yes, the process of GST Registration can be done online. All that is required from the applicant is to simply register their business on the GST official portal and then upload all of their scanned documents which are required by the authorities. Once you have submitted the required documents and the process is complete, you will then receive acknowledgement for the same. A GSTIN will be sent to you, which is a 15 digit ID that is unique to you. This is done only when the application is accepted and a login id and a password is also sent along with it, which is however temporary.

The limit of exemption is the supply turnover of Rs.20 lakh for all of the businesses in each Indian state except for the businesses operating in Manipur, Arunchal Pradesh, Meghalaya, Assam, Tripura, Mizoram and Nagaland must register if their supply turnover over is more than Rs 10 lakh. This threshold limit however is only applicable for those businesses that are operating in their home states and on the other hand, a business which is doing trade in another state, they have to do the process of registration for GST no matter what their supply turnover is.

It would be applicable to those businesses which exceed the turnover limit of Rs 50 lakh. In that case, the tax payers would be required for payment of a fixed percentage of their turnover and will not be able to take advantage of input tax credit. Such businesses will also not be able to collect taxation from their customers.

It is applicable to all business, such as the service providers, traders and manufacturers. It also extends to all bloggers, dealers, and earnings from Google Adwordsthrough PayPal, writers, import and export businesses and all types of companies which may be start ups as well and can be proprietors, LLPs, private limited companies as well as partnerships.

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