GST return is the information that every person under the GST act has to provide the details of all the sales and purchases made along with tax collected and paid by filing online returns. It returns filing is usually done either on a monthly or annual basis. A taxpayer must provide 3 monthly and one annual return. And once a company is recorded under GST, it is mandatory to submit GST returns, otherwise, it may result in an irrelevant penalty.
Steps for filing GST return:
GST return may be submitted in various forms depending on the nature of the transaction and the registration. Return Forms applicable to normal taxpayers and their due dates are:
Monthly External supply details in FORM GSTR-1 by the 10th of next month.
Monthly Inward supply details in FORM GSTR-2 by next month of 15th.
Annual return filing by 31 December of the next financial year in FORM GSTR-9.
Monthly Return filing along with tax payment due in FORM GSTR-3 by next month of 20th.
|GST Return Types||Period||Last Date||Process|
|Form GSTR-1||Monthly||Date 10th In every Month||Regular Dealer|
|Form GSTR-2A||Monthly||Date 10th In every Month||Regular Dealer|
|Form GSTR-2||Monthly||Date 10th In every Month||Regular Dealer|
|Form GSTR-1A||Monthly||Date 10th In every Month||Regular Dealer|
|Form GSTR-3||Monthly||Date 15th In every Month||Regular Dealer|
|Form GST MIS-1||Monthly||Date 17th In every Month||Regular Dealer|
|Form GSTR-3A||Monthly||Date 20th In every Month||Regular Dealer|
|Form GSTR-9||Annual||Every year end of Month Dec 20th||Regular Dealer|
|Form GSTR-5||Monthly||Date 20th In every Month||Foreign Non-Resident Taxpayer|