GST Return is a format in which a taxpayer who is enrolled under the Goods and Services Tax (GST) Act must file separately for each registration. The types of GST returns to be filed would also be dependent on the taxpayer form, such as daily taxpayer, composition dealer, e-commerce operator, TDS deductor, non-resident taxpayer, Input Service Distributor (ISD) etc. Normally, for each GST registration a regular taxpayer will file two returns per month (GSTR-1, GSTR-3B) and an annual return (GSTR-9/9C) separately.
Any registered individual who pays GST is required to file an electronic return each calendar month. A “Tax Return” is a document which shows a registered taxpayer’s income. To pay tax to the government, such a document has to be registered with the tax authorities. The tax payable by a registered dealer depends on the income reports by that person in the tax return filed with the tax authorities.
How many types of GST Returns?
There are five types of GST Returns.
GSTR – 1, GSTR – 1A, GSTR – 3B, GSTR – 4, GSTR – 9
GSTR-1 Filing GST Return
What is GSTR -1?
Any company registered under Goods and Services Tax shall file a monthly/quarterly sales return or outbound supplies, known as GSTR-1. When filing this report, each taxpayer makes a statement of all the sales purchases that he has made in the time in question.
What is the due date for filing GSTR-1?
The due date for filing GSTR-1 is 11th of the month following (monthly filing) or end of the same month for the quarter concerned (quarterly filing). For example in the case of monthly filing and for quarterly filing, GSTR-1 for the month of January 2019 will be on 11 February 2019, the due date for the quarter of January 2019 will be April.
What is the late fee and penalty for GSTR-1?
- NIL Return
The late fee for not filing GSTR-1 is approximately 100 per day of delay (approximately 50 in accordance with the CGST Act and approximately 50 in accordance with the SGST Act). The late fees will be paid after the due date.
- Tax Return
The late fee for not filing GSTR-1 is approximately 200 per day of delay (about 100 in accordance with the CGST Act and approximately 100 in accordance with the SGST Act). Late fees will be paid after the due date.
The late fee, however, has now been reduced to about 50 per day (tax return) and about 20 per day (nil return).
What are the common issues faced while filing GSTR-1?
- What should be done if one receives an error “You have no summary to submit GSTR-1”?
If one has a zero return, this message pops up. Please make sure you put all fields in 0 and file again.
- I am not able to select an earlier date (Nov 1) for an invoice. What should I do?
The date mentioned in the invoice comes before the GST registration date for the customer. Transfer invoices to section B2C and delete the GSTIN of the customer listed in those invoices. Then re-compute a description of B2c followed by a re-upload to the Govt. Web. Web. Please notice that in these situations the customer would not be able to claim an input tax credit, because they have not been licensed for such invoice dates under GST.
- I am getting an error “Invalid GSTIN 08AABCM****1ZO”. What does this mean?
The mistake means you have entered your customer’s incorrect GSTIN. You must search the GSTIN on the website of the state.
GSTR-1A Filing GST Return
What is GSTR-1A?
It is a form amendment used to correct the GSTR-1 for any malfunctions between a taxpayer’s GSTR-1 and his customer’s GSTR-2.
What is the due date for filing GSTR-1A?
The due date for filing GSTR-1A is 15th to 17th of th following month. GSTR-1A must be accepted/rejected for October, for example, between 15th and 17th November.
What are the common issues faced while filing GSTR-1A?
- Can a supplier add any detail in GSTR-1A?
No, the manufacturer can not provide specific in GSTR-1A.
- Is it compulsory to submit GSTR-1A before generation of GSTR-3?
GSTR-1A is not mandatory for submission prior to GSTR-3 generation.
- When can a taxpayer start taking action on auto-populated details in his GSTR-1A and submit it?
It can be accomplished after GSTR-2 due date expires, i.e. 15th of the following month or some other notified date.
- Submit button is not enabled to submit GSTR-1A. What should I do?
Upon clicking the acknowledgement checkbox, the SUBIT button is activated.
- Can I make changes to the invoices after submitting GSTR-1A?
When you send GSTR-1A you can make no modifications to the invoices.
GSTR-3B Filing GST Return
What is GSTR-3B?
It is a monthly self-declaration a licensed dealer must submit. The Govt’s taxpayer burdens. The taxpayer is expected to supply the total values for each areas in this return.
What is the due date for filing GSTR-3B?
GSTR-3B is due for filing on the 20th of the following month. For example, the GSTR-3B will be Dec-20th-2018 for the month of Nov 2018.
What is the late fee and penalty for GSTR-3B?
A taxpayer must file GSTR-3B even though no sale or purchase occurs with in one month. Late fees for filing GSTR-3B after the due date are currently as follows:
- 50RS per day of delay.
- 20RS a day delay for taxpayers with monthly zero tax liabiity.
The interest @18% annul is charged on the amount of tax to be collected outstanding.
What are the common issues faced while filing GSTR-3B?
- I have no sales or purchase this month. Should I still file GSTR-3B?
Yes, every registered individual must file GSTR-3B even if no transactions occur in one month.
- Should I provide invoice wise details on the return?
Not required, since GSTR-3B needs only consolidated numbers.
- Is there any invoices matching in GSTR-3B?
No, matching to invoice is in GSTR-3B. The return is something like a declaration like exercise.
- Do I need to file GSTR-1, GSTR-2 & GSTR-3 even after filing GSTR-3B?
Depending on the turnover cap GSTR-1 must be filed on a monthly or quarterly basis. The GST Council will sort out the due dates and the filing of GSTR-2 and GSTR-3 soon. GSTR-3B shall be filed weekly.
GSTR-4 Filing GST Return
What is GSTR-4?
This is a quarterly refund for those who enroll under the GST Composition Scheme. Entities with upto 1 Crore INR turnover are liable for this scheme. Under the composition system, taxpayers are expected to file one return per quarter rather than three returns per month.
What is the due date for filing GSTR-4?
The due date for filing GSTR-4 is after quarter end 18th of the month. The due date for the quarter from April to June 2018, for example is July-18-2018.
What is the late fee and penalty for GSTR-4?
If the GSTR-4 is not filed, a fine of about 200/day will be imposed. The maximum chargeable fine is 5,000. If the GSTR-4 is not filed for a given quarter then the taxpayer will not be able to file the return for the next quarter. Late fees for GSTR-4 have been reduced to about 50/day of default, according to Notification No.73/2017 – Central Tax. And the same has been reduced to around 20/day of delay for NIL return.
What are the common issues faced while filing GSTR-4?
- Where all the B2B transactions should be declared?
A composition Dealer’s B2B transactions are not required to be reported in GSTR-4 for return July-September and October-December.
- Can filed GSTR-4 be revised?
No Provision is made for revising GSTR-4. Before filing, one must carefully study the GSTR-4 ones.
- Why should I declare reverse charge transaction in my GSTR-4?
AS of Oct-13-2017, RCM on purchase from unregistered dealers was put on hold.
How GST Software makes GST Billing and Return Filing easy for use?
- Development of Sector-specific bill format for your customers.
- Simplification of customer-wise Interface Policy.
- Seamless Filing with DSC/EVC for GSTR-1, GSTR-1A, GSTR-2A, GSTR-3B & GSTR-4.
- There’s no need to sign in to Govt. Portal, repeatedly.
- Automatic data entry to filing.
- Return of supplier’s filing status.
GSTR-9 Filing GST Return
What is GSTR-9?
GSTR-9 is an annual return that the taxpayers registered under GST must file once for each financial year. The taxpayers are required to provide details of the purchase, sale, input tax credit or reimbursement claim or demand created in that return. The information relating to the period from July 2017 to March 2018 are published in the Annual Report for FY 2017-18.
What is the due date for filing GSTR-9?
GSTR-9 is filed on or before 31 December of the financial year which follows. Nevertheless, according to its discretion, the Government van extend this due date.
- The 38th meeting of the GST Council extended the last filing date of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY2017-18 until 31 January 2020.
- The due date for FY 2018-19 for GSTR-9 and GSTR-9C has been extended to March 31st 2020.
What is the late filing penalty for GSTR-9?
In case of delay the late fees of RS 100 under CGST & RS 100 under SGST would apply. Thus, the default total liability is RS 200 per day. Nevertheless, the taxpayer’s turnover in the same state or union territory is subject to a limit of 0.25%. There is actually no late charge on IGST.
What are the common issues faced while filing GSTR-9?
- Can I file an auto-populated GSTR-9 form if my turnover is below ₹ 1.5 crores?
Yeah, You can file a GSTR-9 form which is automatically filled. There are however some parts that GSTN does not auto-fill. You also need to test the same before sending GSTR-9 as it can not be updated once it has been submitted.
- If I pay SGST in place of IGST by mistake, Do I need to show additional IGST payable in Table 9?
For FY 2017-18, You will first pay IGST, and then report it in Table 9.
- Do I need to compulsorily mention SAC in GSTR- or Outward Supplies?
Sure, If you turnover is above the threshold limit of 1.5 crores, You must mention SAC.
- I have paid the tax but submitted GSTR-3B as a Nil return, how should I file the Annual Return?
In this case, manual modifications can be made to GSTR-9.
Details of Type of GST Returns through Videos
Conclusion on Types of GST Returns
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