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Various Returns under Goods and Service Tax (GST)

Various Returns under GST

Various Returns under GST

Important Aspect relating to Returns under Goods and service tax such as:

  1. What are the Returns to be filled under GST
  2. Who is required to files returns
  3. What are the due dates for filing returns under GST
  4. What are the penalties for non-filing of returns under GST with in Due dates

Types of Returns under GST

There are provisions for 6 types of return have been given under Goods and service tax.

Under Goods and service tax there are 3 return to be filled on monthly basis. These return are

  1. Monthly Outward Details
  2. Monthly Inward Details
  3. Monthly Returns

There are 1 annual returns to be fill by registered person under GST that is.

  1. Yearly Returns.

There are 2 one time returns to be filled under GST.

  1. First Return is to be file when taxable person is registered first time.
  2. Final return to be filled in case of cancellation of registration of taxable person.

Every Registered Dealer

For person, who is registering first time under GST only need to file first return. For registered dealer who is migrating from earlier Law need not file First Return.

Monthly outward Detail to be file within 10 days in GSTR 1 for previous month.

Monthly Inward Detail to be file with in 11th to 15th day in GSTR 2 for previous month.

Monthly Return to be file with in 20 days from 15th to 20th day in GSTR 3 for Previous month.

There is penalties of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of monthly returns with in due dates.

Annual returns to be file on or before 31st December following the end of financial year. Penalties Rs. 100 per day will be imposed subject to maximum of .25% on aggregates turnover.

Input service distributors

In case of Input service distributors, the Monthly outward Detail and Monthly Inwards detail need not to be file. All Inputs service distributors only need to file Monthly Return. Such Monthly return to be file within 13 days in GSTR 6 for previous month.

The penalty of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of monthly return with in due dates.

Input services distributors also need not to file Annual return.

TDS deductor and TCS Collector

In case registered person required to deduct TDS u/s 51 and registered person required to collect TCS under section 52, such registered person need not file Monthly outwards Detail and Monthly Inwards details. All such registered person need to file Monthly Return only. Such Monthly return to be file within 10 days for previous month.

There is penalties of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of monthly return with in due dates.

Such registered dealer need not file Annual returns.

Casual Dealer

Every registered casual dealer need to file Monthly outward Detail to be file within 10 days in GSTR 1 for previous month.

Monthly Inward Detail to be file within 11th to 15th day in GSTR 2 for previous month.

Monthly Return to be file within 20 days from 15th to 20th day in GSTR 3 for previous month.

There is penalties of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of quarterly returns with in due dates.

In case of casual dealer annual return not required.

Non – Resident taxable person

In case Non resident taxable person there is no requirement for filing Monthly outward Detail and Monthly Inwards details. All such person need to file Monthly Return only. Such Monthly return to be file within 20 days for Previous month.

There is penalties of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of monthly returns with in due dates.

Non Resident taxable person need not file Annual returns as well.

Composite Dealer

In case of composite dealer no monthly return need to be file.

Instead, of filing monthly returns Composite dealer will needs to file quarterly return within 18 days from the end of the previous quarter.

Penalties of Rs. 100 per day subject to maximum of Rs. 5000 for non-filing of quarterly returns with in due dates will be imposed for any delay in filing returns.

Annual returns to be file on or before 31st December following the end of financial year.

Penalties Rs. 100 per day will be imposed subject to maximum of .25% on aggregates turnover.

Number of Returns

Under GST there are considerable increase in number of returns to be filled per GST registration in a year.

All registered person and casual Dealer have to fill 37 per month per registration.

However in case of Inputs service distributors, Non Resident Taxable person, Registered person deducting TDS under section 51 and Tax Collector under section 52, will have to fill 12 return per year per registration.

Here this is important to understand that if dealer is registered in more than one state, in such case he has to file return for each state separately.

For Example:

Case – 1

Mr. Amit is registered only in Delhi. In this case Mr. Amit has to fill 3 returns per month and 1 annual return. In this way there are total 37 returns to be filed by Mr. Amit

Case – 2

Mr. Amit is registered in Delhi and Haryana. In such case Mr. Amit has to fill 3 returns per month and 1 annual return for Delhi and Haryana separately. In this way there are total 74 returns to be filed by Mr. Amit

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