Everything about the GST Return filings in India – Both Monthly returns and Annual Return
by Paras Mehra 6.58K
1.0 Introduction
Every law has a procedural part and returns are considered above of all. An unambiguous and clear procedure helps the government to implement the act smoothly. Further, an efficient system of compliance helps the government of establishing ease in doing business.
Further, from a taxpayer point of view, the filing of correct returns is very important and it is the way by which government gets to know about your running operations and it keeps a check that there is no non-compliance based on the information supplied via returns.
2.0 Summary of all the returns required to be filed by Registered Taxable Person
|
SNO. |
RETURN TO BE FILED |
BY WHOM RETURN TO BE FILED |
DUE DATE |
|
1. |
Furnishing outward details in FORM GSTR – 1. |
Every registered taxable person other than input services distributor, a non-resident taxable person, person covered under composition scheme, TDS, TCS |
On or before the tenth day of the month succeeding the said tax period |
|
2. |
Furnishing inward details in FORM GSTR – 2. |
Every registered taxable person other than input services distributor, a non-resident taxable person, person covered under composition scheme, TDS, TCS |
On or before the fifteenth day of the month succeeding the tax period |
|
3. |
Monthly return in Form GSTR – 3. |
Every registered taxable person other than input services distributor, a non-resident taxable person, person covered under composition scheme, TDS, TCS |
On or before the twentieth day of the month succeeding such calendar month or part |
|
4. |
Quarterly return by composition supplier in FORM GSTR – 4. |
Registered taxable person paying tax under composition scheme |
Within eighteen days after the end of such quarter. |
|
5. |
Month return by a nonresident taxable person in FORM GSTR – 5. |
Every registered non-resident taxable person |
Within twenty days after the end of a calendar month or within seven days after the last day of the validity period of registration whichever is earlier. |
|
6. |
Monthly return by Input Service Distributor in FORM GSTR – 6 |
Every taxable person registered as an Input Service Distributor |
Within thirteen days after the end of such month. |
|
7. |
Monthly return by the person required to deduct tax at source in FORM GSTR – 7. |
Every registered taxable person required to deduct tax at source |
Within ten days after the end of such month |
|
8. |
Monthly return by the person required to collect tax at source in FORM GSTR – 8. |
Every registered taxable person required to collect tax at source (e-commerce operators) |
Within ten days after the end of such month |
3.0 Conclusion
GST returns and basic details have been explained in the above article. However, you may be looking for something else and you might not get the answer. In that case, you can ask us any time through below mentioned query form.
Know more about the GST Registration in India.