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Types of GST Return and Due Dates

Types of GST Return and Due Dates

GST return is like a report that businesses have to give to the government. It tells the government about things like what they sold, what they bought, how much tax they collected from selling things and how much tax they paid when purchasing the goods. Basically, it is a way for the government to keep track of a business's money activities during a specific period.

under the Goods and Services Tax (GST) regime, there are various types of GST returns that taxpayers are required to file based on their business activities and turnover. 

Types of GST Return and due dates

There are many types of GST Returns under the Goods and Services Tax (GST) Act.

GSTR-1

GSTR-3B

GSTR-4

GSTR-5

GSTR – 5A

GSTR-6

GSTR -7

GSTR – 8

GSTR-9 

GSTR-10

GSTR -11

 

1. GSTR-1 (Outward Supplies Return) : GSTR-1 is the form you need to fill out to report all the goods and services you've sold. In simpler terms, it includes the invoices and notes for sales transactions during a specific tax period. Every regular taxpayer registered under GST, including occasional taxable individuals, must submit their GSTR-1.

Due dates
Monthly : 11th every month
Quarterly : On the 13th of the month after the end of the quarter

2. GSTR-3B : GSTR-3B is a monthly summary return where taxpayers summarize their outward and inward supplies and pay tax liability. It is a self-declaration form where taxpayers give summary details of their sales, purchases and tax liability.

Due dates
Monthly : 20th of the following month

3. GSTR-4 : GSTR-4 is an annual return for taxpayers under the Composition Scheme. It includes a summary of sales, purchases, and tax liability for taxpayers opting for the composition scheme, which offers simpler compliance requirements for small businesses.

Due dates:
Annually : 30th April of the following financial year

4. GSTR-5 : GSTR-5 is a form submitted by foreign taxpayers who aren't residents of India but are registered under GST and do business in the country. This form lists all the goods and services they've sold, the things they've bought, any credit/debit notes, their tax obligations, and the taxes they've paid.

Due dates
Monthly : 20th of the following month

5. GSTR-5A : GSTR-5A is a summarized statement used to report the taxable supplies and taxes due by providers of Online Information and Database Access or Retrieval Services (OIDAR) under the GST system.

Due dates
Monthly : 20th of the following month

6. GSTR-6 (Input Service Distributor Return) : GSTR-6 is filed by Input Service Distributors (ISDs) to furnish the details of input tax credit (ITC) received and distributed to the respective recipients (branches or units of the same organization) during the tax period. 

Due dates
Monthly : 13th of the following month

7. GSTR-7 : It is a monthly return that needs to be submitted by the individual who withholds tax when making payments to suppliers (TDS) under GST.
 
Due dates
Monthly : 10th of the following month

8. GSTR – 8 : GSTR-8 is a monthly return that e-commerce operators are obligated to submit. This requirement applies to individuals or companies managing digital platforms to assist in the exchange of goods/services among sellers and buyers.

Due dates 
Monthly : 10th of the following month

9. GSTR-9 : GSTR-9 is a yearly report that must be submitted by all taxpayers registered under GST. It summarizes the information provided in monthly/quarterly declarations over a financial year.

Due dates
Annually : 31st December of the following financial year

10. GSTR-10 : GSTR-10 is required to be filed by a taxable person whose registration has expired or has been surrendered. This declaration, also known as the final return, must be filed within three months from the cancellation date or the cancellation order, whichever is earlier.

Due dates
3 months from the date of cancellation

11. GSTR -11 : GSTR-11 is a form to be submitted by individuals who have received a Unique Identification Number (UIN) to claim refund under GST for goods and services purchased in India.

Due dates
Annually : 28th of the following financial year

 

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