GST has been implemented in India from 1st July, 2017. All entities having GST registration are required to file GST returns, as per the GST return due date schedule mentioned below. GST return filing is mandatory for all entities having GST registration, irrespective of business activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file GST return.
A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.
Under GST, a registered dealer has to file GST returns that include:
To file GST returns, GST compliant sales and purchase invoices are required.
Any regular business:
As per the CGST Act ( Note : subject to change by Notifications /orders)
|GSTR-1||Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019 ( Taxpayers whose turnover is more than Rs. 1.5 Crores in previous year)||Monthly*||11th of the next month**|
|GSTR-2||Details of inward supplies of taxable goods and/or services effected claiming input tax credit.||Monthly*||15th of the next month|
|GSTR-3||Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.||Monthly*||20th of the next month|
|GSTR-9||Annual Return||Annually||31st December of next financial year*|
|GSTR-3B||Return for the months of up to March 2019||Monthly||20th of the next month|
** Details of outward supplies of taxable goods and/or services affected till June 2018 will be 10th of the next month.
** Taxpayers whose turnover was less than Rs. 1.5 Crores in the previous financial year has the option to file a quarterly GSTR-1 by end of the next month affected July 2018 to March 2019.
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