These returns must be compulsory since any failure to comply with them may lead to the denial of the Input Tax Credit, apart from the attraction of interest and penalties, etc. A compulsory mechanism for a seamless flow of credit to the last beneficiary is the correct filing of details and passing it on in the refunds. The returns are planned so that all transactions are in harmony with each other, and no trade between the buyers and sellers is left unsupervised.<\/p>\n\n\n\n
Read our article<\/b>:GST Return Filing Procedure \u2013 Types of GST Returns, Due Date and Penalty<\/a><\/mark><\/p>\n\n\n\n There are 16 types of GST Return available as follows-<\/em><\/strong><\/p>\n\n\n GSTR-1 is one of types\nof GST return that is required to be provided for reporting details related to\noutward supplies of goods and services made. In other words, sales transactions\nmade during a tax period as well as for reporting any issued debit and credit\nnotes. Any amendments made to sales invoices, even related to previous tax\nperiods has to be reported in the Form GSTR-1.<\/p>\n\n\n\n GSTR-1 is required to be\nfiled by all usual taxpayers who are listed under GST. It has to be filed\nmonthly, excluding the case of small taxpayers whose turnover is up to INR 1.5\ncrore in the preceding financial year, they can file this type of GST Return on\na quarterly basis.<\/p>\n\n\n\n GSTR-2A is the return\nconsisting of details of all internal supply of goods and services that is\npurchases made from any registered suppliers during taxation period. The data\nis auto-populated based on information filed by the suppliers in their Form\nGSTR-1. GSTR-2A is a read-only return and no action can be initiated.<\/p>\n\n\n\n GSTR-2 is one of types\nof GST return that is furnished for the inward supplies of Goods and Services\nthat is relevant to the purchases made during a particular taxation period. The\ninformation in the GSTR-2 return are auto-populated from the GSTR-2A. Different\nfrom GSTR-2A, the GSTR-2 return can be amended.<\/p>\n\n\n\n GSTR-2 is required to be\nfiled by all normal taxpayers listed under GST. Still, the filing of the same\nhas been postponed ever since the commencement of GST.<\/p>\n\n\n\n GSTR-3 is a monthly\nreturn for providing summarized details for all inward supplies received,\noutward supplies made, and Input Tax Credit claimed, along with information of\nthe tax liability as well as taxes paid. This return is auto-generated, based\non the GSTR-1 and GSTR-2 filed.<\/p>\n\n\n\n GSTR-3 is required to be\nfiled by all normal taxpayers who are registered under GST. Still, filing of\nthe same return has been postponed ever since the commencement of GST.<\/p>\n\n\n\n GSTR-3B is a scheduled\nself-declaration to be filed monthly, for providing summarized information of\nall outward supplies made, claimed input tax credit, tax liability determined\nand taxes that are paid. GSTR-3B is required to be filed by all normal\ntaxpayers listed under GST.<\/p>\n\n\n\n GSTR-4 is one of types\nof GST return that is required to be filed by taxpayers who have selected for\nthe Composition Scheme under GST. CMP-08 is the return that has\nreplaced the former GSTR-4. <\/p>\n\n\n\n The Composition Scheme is a\nsystem in which taxpayers with annual turnover up to INR 1.5 crores pay taxes\nat a fixed rate on the confirmed turnover. The CMP-08 return is required to be\nfiled on a quarterly basis.<\/p>\n\n\n\n GSTR-5 is the return filed\nby non-resident taxpayers, who are listed under GST and carry out their\nbusiness dealings in India. This return consists if details of all inward\nsupplies received, outward supplies, credit or debit notes, tax liability as\nwell as paid taxes.<\/p>\n\n\n\n The GSTR-5 return is required to be filed monthly for each month that the taxpayer is listed under GST Registration in India<\/strong><\/a>.<\/p>\n\n\n\n GSTR-6 is a monthly\nreturn that is required to be filed by Input Service Distributor. It will\nconsists of details regarding input tax credit received and distributed by the Input\nService Distributor. It will also contain details of all documents issued for\nthe circulation of input credit and the way of distribution.<\/p>\n\n\n\n GSTR-7 is a monthly\nreturn that is required to be filed by individuals who need to deduct TDS (Tax\ndeducted at source) under GST.<\/p>\n\n\n\n GSTR 7 will consists of details\nrelated to TDS deducted, TDS liability payable and claimed TDS refund.<\/p>\n\n\n\n GSTR-8 is a monthly\nreturn that is required to be filed by E-Commerce Operators listed under the\nGST who needs to collect Tax collected at Source (TCS).<\/p>\n\n\n\n GSTR-8 will consist details\nof all purchases made from the E-commerce platform, and the TCS accumulated.<\/p>\n\n\n\n GSTR-9 is the annual\nreturn that is required to be filed by taxpayers listed under GST. It consists\nof details regarding all outward supplies made, inward supplies received during\nthe applicable previous year.<\/p>\n\n\n\n This return is filed under\ndifferent tax heads such as CGST, SGST and IGST as well as HSN codes. Along\nwith information of taxes payable. It is a mixture of all the monthly or\nquarterly returns such as GSTR-1, GSTR-2A, and GSTR-3B filed during that\nparticular financial year. <\/p>\n\n\n\n GSTR-9 is obligatory to be filed by all taxpayers listed under GST*, excluding taxpayers who have chosen for the Composition Scheme, Input Service Distributors, Casual Taxable Individuals, Non-resident Taxable Individuals and persons paying TDS<\/a> according to Section 51 of <\/em><\/strong>CGST Act<\/strong><\/em>[1]<\/strong><\/em><\/a><\/sup>.<\/p>\n\n\n\n *According to the CBIC\nnotification 47\/2019, the annual return under GST for taxpayers having an\nannual turnover that does not exceed INR 2 crores has been made discretionary\nfor Financial Year 2017-18 and Financial Year 2018-19.<\/p>\n\n\n\n GSTR-9A is the annual\nreturn required to be filed by taxpayers who have already registered under the\nComposition Scheme in a financial year*. It is a mixture of all the quarterly\nreturns that is filed during that particular financial year.<\/p>\n\n\n\n *GSTR-9A annual return for\nComposition taxpayers has been renounced for Financial Year 2017-18 and Financial\nYear 2018-19 according to the verdict in the 27th GST Council meeting.<\/p>\n\n\n\n GSTR-9C is one of types of\nGST return in which the settlement statement that is required to be filed by\nall taxpayers listed under GST whose aggregate turnover exceeds INR 2 crores in\na particular financial year. The registered individual has to get their\naccounts audited by a Chartered Accountant. The statement of settlement is the\nexamined financial statements of the taxpayer and the annual return GSTR-9 that\nhas been filed by that particular individual.<\/p>\n\n\n\n GSTR-9C is required to be\nfiled for every GSTIN, henceforth, one PAN can have numerous\nGSTR-9C forms filed. According to the CBIC notification 16\/2020, GSTR-9C\nis renounced for the taxpayers with an annual turnover of more than INR 5 crores\nfor the year 2018-19.<\/p>\n\n\n\n GSTR-10 is one of types\nof GST return that is required to be filed by any taxable person whose\nregistration has been cancelled or surrendered. This return is also known as a\nfinal return and is required to be filed within 3 months from the date of\ncancellation or order of cancellation, whichever is former.<\/p>\n\n\n\n GSTR-11 is one of types\nof GST return that is required to be filed by individuals who have been issued\na Unique Identity Number (UIN) to get a refund under GST for the goods and\nservices procured by them in India. <\/p>\n\n\n\n UIN is a categorization made\nfor foreign diplomatic assignments and embassies that are not liable to pay tax\nin India. GSTR-11 will consist of details of inward supplies received and\nclaimed refund.<\/p>\n\n\n\n GST return filing process in India can be a complicated affair. Understanding the purpose of each return is necessary to understand return filing liability of taxpayers which is relevant. Every business registered under GST needs to file GST Returns containing the details of the profits they earned in the preceding year and other necessary information prescribed by law. However, we should be transparent about the above basic data related to Types of GST return in India.<\/p>\n\n\n\nWhat are the Types of GST Return\navailable?<\/h2>\n\n\n\n
![\"Types](\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/16-Types-of-GST-Return-your-Business-should-be-Aware-of.png\")
<\/figure><\/div>\n\n\nGSTR-1 (Return for Outward Supplies)<\/h3>\n\n\n\n
GSTR-2A (Read-Only Return of ITC)<\/h3>\n\n\n\n
GSTR-2 (Return of Inward Supplies)<\/h3>\n\n\n\n
GSTR-3 \u2014 (Return Abbreviated for\nITC and Outward)<\/h3>\n\n\n\n
GSTR-3B (Synopsis of Inward &\nOutward Supplies)<\/h3>\n\n\n\n
GSTR-4 \/ CMP-08 (Return of\nComposition Scheme)<\/h3>\n\n\n\n
GSTR-5 (Return of a Non-Resident\nTaxpayer)<\/h3>\n\n\n\n
GSTR-6 (Return from Input Service\nDistributors)<\/h3>\n\n\n\n
GSTR-7 (Return for Taxpayers\nDeducting TDS)<\/h3>\n\n\n\n
GSTR-8 (Return for E-Commerce\nOperators TCS)<\/h3>\n\n\n\n
GSTR-9 (Annual Return for Normally\nRegistered Taxpayer under GST)<\/h3>\n\n\n\n
GSTR-9A (Annual Return under\nComposition Scheme)<\/h3>\n\n\n\n
GSTR-9C (Return for obtaining Accounts\nAuditing from CA)<\/h3>\n\n\n\n
GSTR-10 (Return for the Person\nwhose Registration gets Rescinded)<\/h3>\n\n\n\n
GSTR-11 (Return for UIN Holders)<\/h3>\n\n\n\n
Conclusion<\/h2>\n\n\n\n