Different types of GST returns to be filed under GST Act

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Different types of GST returns to be filed under GST Act

A taxpayer registered under the Goods and Services Tax (GST) law has to furnish the details of their purchase and sale of goods and services along with the tax they have paid or collected through a GST return for every GSTIN that has been registered. The tax liability iscalculated  on the basis of GST returns.

It might be shocking that under the GST Acts, there are 22 types of GST returns. Out of which, only 11 GST returns are active, 3 suspended, and 8 view-only in nature. The details related to every type of GST return have been mentioned below.

 

The number and type of GST return that a business/professional must file are based on the type of the registered taxpayer, which include regular taxpayers, composition taxable persons, e-commerce operators, TDS deductor, non-resident taxpayer, Input Service
Distributor(ISD), casual taxable persons, etc.

Types of GST Returns 

 

On the basis of the transaction and registration of the taxpayer, the GST returns can be filed using different forms. The  return forms for normal taxpayers are:

 

GSTR 1

     The GSTR-1 is a return form that contains details of the outward supplies of goods and services.

     It has to be filed by a registered taxable supplier

     It has to be filed by the 10th of the following month.

 

GSTR 2A ( View Only)

     The GSTR-2 is a return form that contains details of the inward supplies of goods and services.

     It has to be filed by a registered taxable recipient.

     It has to be filed by the 15th of the following month.

 

GSTR 3B

     GSTR-3 form is a summary return of inward and outward supplies.

     It is automatically populated from GSTR-1 and GSTR-2 return forms. The taxpayer has to verify and make modifications if anything is required.

     It has to be filed by the 20th/24th  of the following month.

 

GSTR 4

     The taxpayers who have opted for the Composition Scheme need to file the GSTR 4.

     Taxpayers with small businesses or a turnover of up to Rs.75 lakh can opt for the
Composition Scheme wherein they pay tax at a fixed rate based on the type of
business. 

     It has to be filed by the 18th of the following month.

GSTR 5

     TheGSTR-5 form has to be filed
by all registered non-resident taxpayers.

     It has to be filed by the 20th of the following month.

 

GSTR 6

     The taxpayers who are registered as an Input Service Distributor, have to file
GSTR-6 form.

     It has to be filed by the 13th of the following month.

 

GSTR 7

     All registered taxpayers who are required to deduct tax at source under the GST
rule have to file GSTR-7 form.

     It has to be filed by the 10th of the following month.

 

GSTR 8

     All e-Commerce operators who are required to collect tax at source under the GST
rule have to file a GSTR-8 form.

     It has to be filed by the 10th of the following month.

 

GSTR 9

      A normal taxpayer with details of all income and expenditure for the year can file GSTR-9. This detail will be regrouped in accordance with the monthly returns.

      An individual registered taxpayer can make modifications in the information provided if required.

      Along with the audited copies of the annual accounts, the GSTR 9 return has to be filed by 31st December of the following financial year.

 

GSTR 10

     Any taxpayer who opts for cancellation of GST registration can file GSTR 10 return
form.

     The final return form of GSTR 10 has to be filed within 3 months of the date of
cancellation or date of cancellation order.

 

GSTR 11

     Every individual who has been issued a Unique Identity Number (UIN) and claims a
refund of the taxes paid on inward supplies have to file the GSTR-11 form.

      GSTR-11 form has to be filed on 28th of the following month in which the supply was

                  received.