GST return filing is a simple process in which different returns are filed according to the registered entity. GST returns are filed periodically and attracts penalty, if not filed. Entities with annual turnover of more than Rs.1.5 crores will have to file return monthly. Three returns filed by normal taxpayers are GSTR-1 (outward supplies) on 10th of every month, GSTR-2 (inward supplies) on 15th of every month and GSTR-3 on 25th of every month.
GST RETURN AND DUE DATES
SEPARATE ENTITY:
Public Limited Company is a legal entity and a juristic person established under the Companies Act. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for company’s debts.
GSTR-1
It is for details of outward supplies made by normal taxpayers. Due date is 10th of every month. For July, September and October, the due dates are different from normal schedule.
GSTR-2
It is for details of inward supplies made by normal taxpayers. Due date is 15th of every month. For July, September and October, the due dates are different from normal schedule.
GSTR-3
It is a monthly return filed after GSTR-1 and GSTR-2. Its due date is 20th of every month. For July, September and October, the due dates are different from normal schedule.
GSTR-4
It is filed by taxpayer registered under composition scheme. It is quarterly return with due date on 18th of October, January, April and July.
GSTR-5
It is filed by persons registered under GST as Non-Resident Taxable Person. Due date is 20th of every month.
GSTR-6
It is filed by persons registered under GST as Input Service Distributor. Due date is 13th of every month.
GSTR-7
It is filed by taxpayers required to deduct tax at source. Only certain government agencies are required to deduct tax at source after being registered. It is due on 10th of every month.
GSTR-8
It is required to be filed by taxpayers required to collect tax at source like E-commerce operators. Hence E-commerce venture must register for TCS and file GSTR-8 before 10th of every month.
GSTR-9
It is annual return that must be filed by regular taxpayers. Details with GSTR9 must be audited if entity has turnover more than 2 crore. Due date for GSTR-9 is 31st December.
GSTR-10
It must be filed by any person whose GST registration has been cancelled or surrendered. GSTR-10 must be filed within 3months of cancellation order or surrender.
GSTR-11
It must be filed by persons having Unique Identity Number issued to Consulate, Embassies and UN bodies for claiming refund on inward supplies.
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