GST Return Filing

What is GST return filing?

Businesses that are registered under GST have to file the GST returns monthly, quarterly, and annually based on the business. Here it is necessary to provide the details of the sales or purchases of the goods and services along with the tax that is collected and paid. Implementation of a comprehensive Income Tax System like GST in India has ensured that taxpayer services such as registration, returns, and compliance are within range and perfectly aligned.

An individual taxpayer filing the GST returns has to file 4 forms for filing the GST returns such as returns for the supplies, returns for the purchases made, monthly returns, and annual returns.

GST return filing in India is mandatory for all entities that have a valid GST registration irrespective of the business activity or the sales or the profitability during the period of filing the returns. Hence, even a dormant business that has a valid GST registration must file the GST returns.

A GST return is a document that contains the details of all the income or expenses that a taxpayer is required to file with the tax administrative authorities.

What is GSTR-3B?

Form GSTR-3B consists of summarized details of supplies made during the month along with the details of paid taxes, ITC claimed, purchases under the reverse charge mechanism, etc.

A taxpayer registered under GST is required to file the GSTR-3B monthly return form by the 20th day of the succeeding month. For instance, GSTR 3B for September 2020 needs to be filed by 20th October 2020.

Who should file GSTR 3B?

Every person who is registered under GST needs to file GSTR-3B every month.

However, the following registrants do not have to file GSTR-3B
Taxpayers registered under the Composition Scheme
Input service distributors
Non-resident suppliers of OIDAR service
Non-resident taxable persons

What are the due dates for filing GST returns?

GSTR 1: The 11th of Subsequent of that month

GSTR 3B: The 20th of that subsequent month

CMP 08: 18th of the month succeeding the quarter of the specific fiscal year.

GSTR 4: 18th of the month succeeding the quarter.

GSTR 5: 20th of the subsequent month

GSTR 6: 13th of the subsequent month

GSTR 7: 10th of the subsequent month

GSTR 8: 10th of the subsequent month

GSTR 9: 31st December of the Fiscal year.

GSTR 10: Within 3 months of the date of cancellation or the date of cancellation order whichever is earlier.

GSTR 11: 28th of the month that is following the month for which the statement was filed.