How to file a GST return?

A return is a document containing details of income which a tax payer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST Registration in India, a registered dealer has to file GST return that include, Purchase, Sales, Output GST (On sales) and Input tax credit (GST paid on purchases). To file GST returns, Goods and Services Tax compliant sales and purchase invoices are required.

In the Goods and Services Tax regime, any regular business has to file three monthly returns and one monthly return. So total returns in a year would be 37. The interesting fact about this is, that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR-2 and GSTR-3 will get auto-filled by deriving information provided in GSTR-1, filled by you and your vendors. There are separate returns required to be filed by special cases such as Composition Dealers (Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST Registration formalities and pay Goods and Services Tax at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crores).

Given below is the details of Returns to be filed under the GST law India

Form of the return Details to be provided in the return Who should file? By what date?
GSTR-1 Details of the outward supplies of taxable goods and/or services effected/provided Registered taxable supplier 10th of the next month
GSTR-2 Details of the inward supplies of taxable goods and/or services effected claiming input tax credit Registered taxable recipient 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 amount of tax Registered taxable person 20th of the next month
GSTR-4 Quarterly return For compounding taxable person Composition supplier 18th of the month succeeding quarter
GSTR-5 Return for Non-resident foreign taxable person Non-resident taxable person 20th of the next month
GSTR-6 Return for input service distributor Input service distributor 13th of the next month
GSTR-7 Return for authorities deducting tax at source Tax deductor 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected E-commerce operator/Tax collector 10th of next month
GSTR-9 Annual return Registered taxable person 31st December following the financial 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 cancellation order, whichever is later
GSTR-11 Details of inward supplies to be furnished by a person having UIN Person having UIN and claiming refund 28th of the month following the month for which statement is filed

GST Online Return filing

For filing GST online in India, you are required to follow these steps,

  • Go to GST portal and login with your User ID and Password or visit Company Vakil for expert advice.
  • Go to ‘Services’ tab on top and click on ‘Returns’ and then ‘Return dashboard’
  • Select the financial year and Return filing period (i.e. April, May, June) and click on search
  • Select the return you want to file (i.e. GSTR-1, 2, 3)
  • Select prepare online if you want to add an invoice manually, or select upload if you already have GST compliance file.

These were the basic things you need to know about filing GST returns, Company Vakil taxation experts helps you in GST Registration in India and provides consultation regarding all the legal aspects, feel free to contact us to make you Goods and Services Tax ready!