contact-icon

GST Returns

Start GST Returns

File GST Return with Kinshuk Legal. Many businesses have their Faith in us; Join them now.

GST Returns

CA/CS Assisted | 4.8/5 Rating

GST return

What is the GST return?

A GST return is a document that provides a comprehensive record of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). It plays a crucial role in the Goods and Services Tax Network (GSTN) by ensuring compliance with tax regulations. Businesses must file GST returns along with their GST invoices to report transactions accurately. After filing, they are required to settle any outstanding tax liability. Additionally, businesses can claim Input tax credit (ITC) to offset the tax paid on purchases against their tax liability, helping to reduce the overall tax burden.

A GST return is a document that mentions all GST invoices, payments, and receipts for a specific period. A taxpayer is liable to declare all transactions related to the business’s revenue. Basis that the authorities will calculate the amount of tax the company has to pay.

Business owners can file GST online on the official portal provided by the Goods and Services Tax network (GSTN).

While filing GST returns, the registered dealer requires the following details for the concerned period:

  • Total sales
  • Total purchases
  • Output GST (GST paid by customers)
  • Input tax credit (ITC), GST paid by the business for purchases.

Once filed, a registered dealer can check GST return filing status online and comply with requirements accordingly.

Who should file GST return?

All registered business owners and dealers under the GST system are required to file GST returns based on the nature of their business and transactions. These filings apply to:

  • Regular businesses
  • Businesses registered under the Composition Scheme
  • Other business owners and dealers
  • Amendments to previously filed returns
  • Auto-drafted returns generated by the system
  • Tax notices issued by the authorities

Types of GST returns (GSTR)

  1. GSTR 1: Contains details of taxable goods or services, or both and that of outward supplies.
  2. GSTR 2: Carries details of inward supplies related to taxable goods and/or services, along with ITC claims.
  3. GSTR 3: Includes information on monthly returns based on finalised details related to inward and outward supplies. It also contains details of the total tax payable.
  4. GSTR 4: Carries details related to quarterly return filing, specifically for compounded tax liabilities of specific individuals.
  5. GSTR 5: It includes details of GST return filing for non-resident foreign individuals.
  6. GSTR 6: The form for input service distributors to file returns.
  7. GSTR 7: The form that facilitates return filing for authorities initiating TDS.
  8. GSTR 8: Carries supply details for e-commerce operators along with the tax amount collected as per sub-section 52.
  9. GSTR 9: Form to file annual returns.
  10. GSTR 9A: Includes details to file annual returns relative to compounding taxable individuals registered under Section 10.

Due Dates of GST Returns

GST return due dates vary depending on the type of return and category of taxpayer:

  • GSTR-1 (Outward Supplies)
    • Monthly: 11th of the following month
    • Quarterly (QRMP): 13th of the month following the quarter
  • GSTR-3B (Summary Return)
    • Monthly Filers: 20th of the following month
    • QRMP Scheme: 22nd or 24th (state-wise)
  • GSTR-4 (Composition Dealers)
    • Annually: 30th April following the financial year
  • GSTR-5 (Non-Resident Taxable Person)
    • 20th of the following month
  • GSTR-6 (Input Service Distributor)
    • 13th of the following month
  • GSTR-7 (TDS Return)
    • 10th of the following month
  • GSTR-8 (E-Commerce Operators)
    • 10th of the following month
  • GSTR-9 (Annual Return)
    • 31st December following the financial year

(Due dates are subject to government notifications and extensions.)

Penalties for Late Filing of GST Returns

Late Fees

  • ₹50 per day (₹25 CGST + ₹25 SGST)
  • ₹20 per day for Nil returns
  • Subject to prescribed maximum caps

Interest on Tax Liability

  • 18% per annum on outstanding tax amount
  • Calculated from due date till payment

Other Consequences

  • Blocking of e-way bill generation
  • Suspension of GST registration
  • Notices from GST Department
  • Ineligibility to claim Input Tax Credit (ITC)

Documents Required for GST Return Filing

  1. GSTIN: GST Registration Number of the taxpayer.
  2. Sales Invoices (Outward Supplies): Details of all taxable sales made during the period, including B2B and B2C invoices.
  3. Purchase Invoices (Inward Supplies): Invoices of goods and services purchased to claim Input Tax Credit (ITC).
  4. Debit & Credit Notes: Issued or received against sales and purchases.
  5. E-Way Bills (if applicable: For movement of goods exceeding prescribed limits.
  6. Input Tax Credit (ITC) Details: Eligible ITC on purchases and expenses.
  7. Output Tax Liability: GST collected on sales.
  8. Bank Statements: For reconciliation of receipts and payments.
  9. Previous Return Data: Earlier filed GST returns for cross-verification and amendments.

Note: Maintaining accurate invoice records and reconciliation with GST portal data (GSTR-2B / 2A) is essential to avoid notices, penalties, or ITC mismatches.

☎ Call Now
whatsapp