Returns under GST:
Returns mechanism under in GST regime includes electronic filing, uploading of invoice details and auto- generate of Input Tax Credit (ITC) details from suppliers Returns. Goods and Services Tax is payable by taxable person on self-assessment basis. A registered person needs to furnish monthly returns, quarterly returns, annual return & final return as tabulated below:
| Returns | Particulars | To be filed by | Frequency | Due Date |
| GSTR-1 | Sales | Registered Person | Monthly | 10th of Next Month (Note-1) |
| GSTR-2 | Purchases | Registered Person | Monthly |
15th of Next Month(Note-2) |
| GSTR-3 | Return of Tax | Registered Person | Monthly | 20th of Next Month (Note-3) |
| GSTR-4 | Quarterly Return | Composite Dealer | Quarterly | 18th of Next Month |
| GSTR-5 | By NRI | Non-Residents | Monthly | 20th of Next Month |
| GSTR-6 | Input Service Distributors (ISD) | ISD | Monthly | 15th of Next Month |
| GSTR-7 | Return of TDS | Tax Deductor | Monthly | 10th of Next Month |
| GSTR-8 | E-Commerce | E-Commerce Operator | Monthly | 10th of Next Month |
| GSTR-9 | Annual Return | Registered Person other than an ISD, TDS/TCS Taxpayer, Casual Taxable Person and Non-resident Taxpayer | Annually | 31st Dec. of Next Year |
| GSTR-10 | Final Return | Taxable Person whose registration has been surrendered or cancelled | Within 3 months of the date of cancellation or date of order of cancellation, whichever is later |
It is important to note that a taxpayer is NOT required to file all types of returns, i.e. they are required to file returns depending on their nature of activities carrying.
Returns can be filed using any of the following methods:
1. GSTN portal (www.gst.gov.in)
2. Offline utilities provided by GSTN
3. GST Suvidha Providers (GSPs)
Key Issues:
- The mechanism of filing revised returns has been done away with.The rectification of errors/ omissions is allowed in the subsequent returns.
- Any registered person who fails to furnish form GSTR-1, GSTR-2, GSTR-3 or Final Return within the due dates, shall be liable to pay a late fee of Rs. 100 per day, subject to a maximum of Rs. 5,000
- GST Returns to be field by taxable person on self – assessment basis.
- Taxable person can take the help of GST Practitioner in filing return, etc.
- Invoice -wise details of sales shall be uploaded to the GSTN by using form GSTR -1.
- The details will be auto-populated in Form GSTR 2A of the recipient.
- The receipt can confirm the details in Form GSTR 2.
- The supplier can confirm the details in Form GSTR 1A.
- Tax Liability Register shall be in Form GST PMT 01.
- Approved of final detail of Input Tax Credit (ITC) will be in Form GST ITC 1
- Payment of tax on self-assessment basis and filing of Return shall be in Form GSTR – 3
- Payment: Over the counter payment will be allowed up to Rs. 10,000 by generating a challan in Form GST PMT – 05. Payment of tax over than Rs. 10,000 will be allowed only by way of E- payment like Credit / Debit Card, NEFT or RTGS etc.
Note-1: For the month of July – by 1st – 5th September, 2017 and for the month of August- by 16th – 20th September, 2017
Note-2: For the month of July 2017 – by 6th – 10th September, 2017 and for the month of August 2017 – by 21st – 25th September, 2017
Note-3: For the month of July 2017 – by 11th – 15th September, 2017 and for the month of August 2017 – by 26th – 30th September, 2017 (vide notification no. 20/2017 dated 08.08.2017)
Note-4: Form GSTR – 3B (summary/ provisional return for July & Aug. 17 only)- For the month of July 2017- by 20th August, 2017 and for the month of August 2017- by 20th September, 2017