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Various types of GST return and their Due Dates

  • Highlights

  • Business owners usually file 37 GST returns annually

  • As per GST laws, there are varied types of GST returns

  • GSTR-1 will be replaced by Form GST ANX-1 October onwards

  • File timely GST using right form to evade interest charges

The due date for filing the quarterly GSTR-1 return is 31st July. This is just one of the dates that you need to remember in case you are obliged to file GST returns. There are numerous types of GST returns and as a registered business owner or self-employed professional, you will have to file all GST returns on time as per the GST laws. Read on to know more.

What are the types of GST returns?

As per GST laws, all regular businesses have to file 3 monthly returns and 1 annual return. This comes to 37 returns in a year. However, you do not have to manually populate each return. This is because in your first attempt, details pertaining to your income, services, vendors, and the like, are saved.

The next time onwards, this information is used to generate the current return amount and figures. Your previous data and your vendors’ cumulative inputs are determined to attain the final GST figures.

What is CGST or Central Goods and Service Tax?

CGST is levied by the central government on intra-state goods and service transactions. The central government collects the revenue generated through Central Goods and Service Tax. It is levied along with SGST or UGST and revenues are shared between the state and the centre.

For example, if you are a Bengaluru-based dealer and are selling to another dealer in Bengaluru, since it’s an intra-state sale, both CGST and SGST will be applicable on this transaction. If your transaction of goods is worth Rs.30,000 and it attracts 18% GST, then 9%, which is Rs.2,700 of the tax amount, is collected as SGST by the state government and a matching amount is collected as CGST by the centre.

Types of GST returns to file

 

  • GSTR-1: You will have to file this return on a monthly/quarterly basis mentioning your outward sales figures. There are 13 sections in this return.

  • GSTR-3B: You will have to file this return on a monthly basis noting down the summary of your outward supplies along with the input tax credit.

  • GSTR-4: In case you are a composition dealer, unlike normal taxpayers you just have to furnish 1 return after every 3 months, which is GSTR 4.

  • GSTR-5: As an NRI business owner, you will have to file this GST return.

  • GSTR-6: As an Input Service Distributor you will have to file this GST return.

  • GSTR-7: In case the GSTs for your services have been deducted at source, then you will have to file this GST return.

  • GSTR-8: As an e-commerce operator if you collect tax on the goods you sell, you will have to file GST return using GSTR 8.

  • GSTR-9: Any GST registered normal taxpayer has to use this form to file in their annual return.

  • GSTR-9A: As a composition dealer you will have to use this form to file your annual returns.

  • GSTR-10: This is the final return you will have to file in case your registration is cancelled or surrendered.

  • GSTR-11: You will have to use this form to quote details of inward supplies, provided you have a UIN.

 

What are the due dates for the various types of GST returns?

Now that you know the details about the varied types of GST returns, read on know the dates by which you will have to file each return to avoid late fees and interest charges.

  • GSTR-1: 11th of the next month for the previous month

  • GSTR-3B: 20th of the next month for the previous month

  • GSTR-4: 18th of the preceding month for the previous 3 months

  • GSTR-5: 20th of the next month for the previous month

  • GSTR-6: 13th of the next month for the previous month

  • GSTR-7: 10th of the next month for the previous month

  • GSTR-8: 10th of the next month for the previous month

  • GSTR-9: 31st December of the next financial year for the last financial year

  • GSTR-9A: 31st December of the next financial year for the last financial year

  • GSTR-10: Within 3 months from the date of cancellation or date of cancellation order, whichever is later

  • GSTR-11: 28th of a given month, following the month in which the statement is filed

 

In a recent move the government has announced the introduction of two new forms, Form GST ANX-1 and Form GST ANX-2. Here, Form ANX-1 is for online filing and Form ANX-2 for offline filing. As of now, taxpayers can use the practice forms available on the GST website to file their present dues. However, you can only submit these forms until October 2019.

October 2019 onwards the government will replace the GSTR-1 with Form GST ANX-1. Soon after the official announcement, taxpayers with turnover of up to Rs.5 crore will have to compulsorily use this new form to file their GST. In similar vein, smaller tax payers will have to file their quarterly GST return using this form in January 2020.

Keeping these important details in mind, you should understand that filing a GST return is mandatory, even if do not have to pay any taxes. This means you can file a nil return in case you arrive at zero GST dues for a quarter or month. Also, you cannot file a current return if you have not paid or filed the earlier returns. That’s why it is important for you to be diligent with GST payments. To evade cascading late fines, you need to meet varied types of GST return deadlines and grow your business while complying with the law.

Additional Read: All About GST

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