GST Returns

Who should file GST Returns?

  • According to GST regime, any regular business has to file two monthly returns and one annual return which amounts to 26 returns in a year.
  • One has to manually enter details of one monthly return – GSTR-1. The other return GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
  • Separate returns are required to be filed in special cases such as composition dealers.

What are the different types of GST Returns?

  • The list of all the returns to be filed as prescribed under the GST Law along with the due dates are given below.
  • As per the CGST Act subject to changes by CBIC Notifications
Return Form Particulars Frequency Due Date
GSTR-1 It includes Outward supplies of taxable goods and/or services affected Monthly 11th of the next month
GSTR-3B Summary of outward supplies along with Input Tax Credit is declared  and payment of tax is affected by taxpayer Monthly 22nd of the next month
CMP-8 Taxpayer registered under the composition levy Quarterly 18th of the month succeeding quarter
GSTR-5 For Non-Resident foreign taxable person Monthly 20th of the next month
GSTR-6 For Input Service Distributor Monthly 13th of the next month
GSTR-7 For authorities deducting tax at source Monthly 10th of the next month
GSTR-8 Supplies effected through e-commerce operator and the amount of tax collected Monthly 10th of the next month
GSTR-9 Annual Return for a Normal Taxpayer Annually 31st December of next financial year*
GSTR-9A Annual Return a taxpayer registered under the composition levy anytime during the year Annually 31st December of next financial year*
GSTR-10 Final Return, when GST Registration is cancelled or surrendered. Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11 Inward supplies to be furnished by a person having UIN and claiming a refund Monthly 28th of the month following the month for which statement is filed

Late Fees for not Filing Return on Time

Late Fees for GSTR-3B

The Late fees shall be levied for GSTR-3B up to Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns whereas Rs. 50 (Rs. 25 for CGST and Rs. 25 for SGST) in case of others. A return in which there is no sales but has purchases is also considered as NIL return. Maximum amount of penalty will be Rs. 10,000 (Rs. 5,000 for CGST and Rs. 5,000 for SGST) for every return.

GSTR-3B late fee for a month is required to be paid in the next month. You cannot file a month’s return before making payment of late fees of previous month.

Late Fees for GSTR-1

Late fees for GSTR-1 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day. Currently government is not taking late fees related to GSTR-1.

Late Fees for GSTR-9 and GSTR-9A

Late fees for GSTR-9 and GSTR-9A is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day up to a maximum of 0.50% (0.25% for CGST and 0.25% for SGST) of turnover.

Late Fees for GSTR-10

Late fees for GSTR-10 is Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) per day. There is no maximum limit on amount of penalty. Late fees is to be paid to enable filing of your return.