Types of GST returns

Types of GST returns

GSTR1 

A tax return for outward supplies made during the tax period (it contains details about both interstate and intrastate B2B and B2C sales, as well as reverse charge purchases and interstate stock transfers). A late fee will be automatically populated in Form GSTR-3B when Form GSTR-1 is filed late (after the deadline). If a taxpayer has not filed Form GSTR-3B in the preceding month, they will not be allowed to file Form GSTR-1 starting on January 1, 2022.

GSTR3B

As a temporary relaxation for businesses that have recently transitioned to GST, the Government of India introduced the temporary consolidated summary return of inwards and outwards supplies. As a result, the tax payments will now be based on a GSTR-3B return instead in July and August 2017. 

GSTR9

Consolidated tax return (containing detailed information about an individual’s income and expenditures, regrouped according to the individual’s monthly tax returns).

GSTR9C

Form that every taxpayer who has an annual turnover exceeding Rs. 2 crores must submit if they wish to get their annual reports audited.

Composition Scheme-registered businesses

GSTR4

(This form contains information about the total value of supplies made during the period covered by the return, in addition to details about the tax paid at the compounding rate (not more than 1% of aggregate turnover) during the period, as well as invoice-by-invoice details of inward supplies if imports or purchases by normal taxpayers were made.).

GSTR9A

Every taxpayer enrolled in the composition scheme must file a composition return every year.

 

Dealers and owners of other types of businesses

GSTR5

Taxpayers who are not resident in India may submit a variable return (a form that contains the details of the taxpayer and the period for which the return is to be filed, as well as details of goods and services they have purchased or sold on Indian soil (including imports) during the registered period/month).

GSTR6

A monthly return containing basic information about the taxpayer (name, GSTIN, etc), the period for which the return applies, invoice-level supply information derived from GSTR-1s of counterparties, invoice details, including GSTIN of the taxpayer receiving credit, a separate ISD ledger containing the opening ITC balance, the credit for ITC services received, the debit for reversed or distributed ITC, and the closing balance.).

GSTR7

Invoices against which tax has been deducted (categorized under the major tax heads – SGST, CGST, and IGST), details of any other payments, such as interest and penalties (this return contains the taxpayer’s basic information (name, GSTIN, etc), period for which the return pertains, supplier’s GSTIN, and invoices against which the tax has been deducted).).

GSTR8

In this monthly return for ecommerce operators, the taxpayer’s basic information (name, GSTIN, etc) is provided, the period for which it pertains, details of supplies made by registered taxable persons as well as unregistered persons through the e-commerce portal, customers’ basic information (whether or not they are registered taxpayers), and the amount of tax collected at source, tax payable, and tax paid.).

GSTR9B

Online retailers who collect tax at the source are required to file an annual return form.

GSTR10

In the event that you terminate your business activities permanently or cancel your GST registration, this final GST returns needs to be filed. It will contain all of your supplies, liabilities, tax collected, tax owed, etc).

GSTR11

Foreign embassies and diplomatic missions use the variable tax return to report their purchases for self-consumption during a particular month).

Auto-drafted Returns

GSTR2A

GSTN automatically generates tax returns based on the information contained in the GSTR-1s of a taxpayer’s suppliers for purchases and inward supplies.

GSTR2B

Input Tax Credit (ITC) statements will be sent automatically to taxpayers through GSTR 2B. The GST Council has stated that GSTR 2B will help in reducing the time taken to file returns, minimizing errors, and simplifying reconciliation.

GSTR4A

GSTN generates a quarterly purchase-related tax return for composition dealers based on the information supplied by vendors in their GSTR-1, GSTR-5, and GSTR-7 forms.

Tax Notice

GSTR3A

Failure to file monthly GST returns on time results in a tax notice being issued by the tax authority.