GST or Goods and Services Tax is a comprehensive tax that has transformed the way India does its indirect taxation. It subsumes all other indirect taxes and aims to bring uniformity in the tax structure. Under GST, taxpayers are required to file various returns as per the provisions of the GST Act. In this article, we will discuss different GST returns filed by the taxpayer with their due dates.
GSTR-1 return is filed to furnish the details of outward supplies made by the taxpayer in a month. It is due on the 11th day of the subsequent month. For example, the GSTR-1 return for September is due on the 11th of October. It is mandatory for all registered taxpayers to file GSTR-1 irrespective of the business turnover.
GSTR-2 return is filed to provide the details of inward supplies received by the taxpayer during a month. It is due on the 15th day of the subsequent month, and the taxpayer can claim input tax credit based on the details furnished in this return. However, GSTR-2 return has been suspended by the government, and taxpayers are not required to file this return until further notice.
GSTR-3 return is an auto-generated return based on the details furnished in GSTR-1 and GSTR-2 returns. It is due on the 20th day of the subsequent month. The taxpayer is required to verify the details auto-populated in GSTR-3 and make any necessary amendments before filing the return.
GSTR-4 return is filed by taxpayers who have opted for the composition scheme. It is filed on a quarterly basis, and the due date for filing GSTR-4 return is the 18th day of the month succeeding the quarter. For example, the GSTR-4 return for the quarter July-September is due on the 18th of October.
GSTR-5 return is filed by non-resident taxpayers who do not have a permanent establishment in India but are registered under GST. It is due on the 20th day of the subsequent month.
GSTR-6 return is filed by Input Service Distributors (ISDs) to furnish the details of input tax credit distributed to the recipients. It is due on the 13th day of the subsequent month.
GSTR-7 return is filed by taxpayers who are required to deduct TDS under GST. It is due on the 10th day of the subsequent month.
GSTR-8 return is filed by e-commerce operators who are required to collect TCS under GST. It is due on the 10th day of the subsequent month.
GSTR-9 return is an annual return filed by all registered taxpayers. It comprises the details of all the supplies made and received during a financial year. It is due on the 31st day of December following the end of the financial year.
GSTR-9A return is filed by taxpayers who have opted for the composition scheme. It is an annual return filed on a self-certification basis. It is due on the 31st day of December following the end of the financial year.
GSTR-10 return is filed by taxpayers whose registration has been canceled or surrendered. It is due within three months from the date of cancellation or surrender of registration.
GSTR-11 return is filed by taxpayers who have been issued a Unique Identity Number (UIN). It is filed to claim a refund of the taxes paid on inward supplies received by them. It is due on the 28th day of the month following the month for which the refund is claimed.
Thus, GST has revolutionized the way indirect taxes are levied and collected in India. The above-mentioned returns are to be filed by taxpayers as per the provisions of the GST Act. Failure to file these returns within the specified due dates attracts penalties and interest. Hence, it is essential for taxpayers to comply with the GST provisions and file the returns on time.
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