Every registered person paying GST is required to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. Such a document needs to be filed with the tax authorities in order to pay tax to the government. The tax to be paid by a registered dealer depends upon the income declared by such a person in the tax return filed with the tax authorities. There are various types of Goods and Services Tax (GST) returns in different countries, but I can provide you with general information about the types of GST returns and their respective due dates in India.

1. GSTR – 1: Return for Outward Supplies

GSTR-1 is a monthly return of outward supplies undertaken by a normal registered taxpayer under GST. In other words, this monthly return showcases the sales transactions of a business in a particular month.

The due date for GSTR-1 is generally the 11th of the following month or the standard date for filing GSTR-1 is 10 days from the end of the month for which such a return is to be filed.

2. GSTR – 2: Return for Inward Supplies

GSTR-2 is a monthly return of inward supply of goods and services as agreed by the recipient of the goods and services. In other words, GSTR-2 contains details with regards to the purchases made by the recipient in a particular month. The information contained in GSTR-2 is auto-populated with the details contained in GSTR-2A.

The process of making changes and filing GSTR-2 is required to be undertaken between 11th and 15th day of the succeeding month for which return is to be filed.

3. GSTR – 2A: Read Only Document

GSTR-2A is a read only document. This document gets auto-populated once the supplier uploads the details in GSTR-1. In other words, GSTR-2A enables the recipient to verify the details uploaded by the supplier in GSTR 1. Also the recipient could accept, reject, modify or keep the invoices pending using the said details. However, such changes are made by the recipient in GSTR 2.

GSTR-2A is a read-only document used by the recipient to match the details uploaded by the supplier in GSTR-1. Thus, the recipient can accept, reject, modify or keep the invoices pending in case there is any mismatch. However, the recipient can make actual changes, if any, only in Form GSTR 2. This process of making changes and filing GSTR-2 is to be undertaken between 11th and 15th day of the month succeeding the month for which such a return is to be filed.

4. GSTR – 3B: Summary of Inward and Outward Supplies

This is a monthly return for regular taxpayers and requires the summary of outward supplies, input tax credit, and tax liability. It is a self-declaration of the taxpayer’s tax liability for the month and is filed even if there are no outward supplies. GSTR-3B is an interim return and needs to be filed along with the payment of taxes.

The GSTR-3B must be submitted by the 20th of the month succeeding the tax period for which GST is filed. In case no transactions have been undertaken in a particular month, the registered person needs to file a NIL return for that period.

5. GSTR – 4: Return For Composition Dealers

This return is for composition scheme taxpayers who have opted for a simplified taxation scheme. It requires the details of outward supplies, inward supplies, and tax liability. GSTR-4 is filed quarterly, and it allows taxpayers to pay tax at a fixed rate without maintaining detailed records. 

6. GSTR – 5: Return For Non-Resident Taxable Persons

This return is for non-resident taxpayers who are registered under GST and engage in business activities in India. It requires the details of inward and outward supplies made during the period. GSTR-5 is filed monthly and includes information about imports, exports, and any adjustments made to invoices.

The details in GSTR 5 need to be filed within a time period that is earlier of:

• within 20 days after the end of the calendar month or within
• 7 days after the last date of validity of the registration

7. GSTR – 6: Return For Input Service Distributors

GSTR 6 is a monthly return that an Input Service Distributor files every calendar month. This return provides information of all the invoices on which credit has been received and is issued by an ISD. This means that it gives a summary of the total input tax credit available for distribution during a particular month. Thus, the details of the invoices that an ISD furnishes in form GSTR 6 are made available to every recipient of the credit. These details are visible to the recipient in part B of form GSTR 2A.

GSTR-6 needs to be filed on the thirteenth day of the month succeeding the month for which tax is to be paid.

8. GSTR – 7: Return For Taxpayers Deducting TDS

This return is for taxpayers who are required to deduct tax at source (TDS) while making certain payments such as salaries, commissions, etc. It requires the details of TDS deducted and deposited

GSTR-7A is an auto-generated form. The form gets generated once the deductor furnishes details in Form GSTR-7 on the common portal. If the details furnished by the deductor are accepted by the deductee, then a TDS certificate is made available to the deductee electronically.

GSTR-7 is required to be filed by the deductor within 10 days after the end of the month in which the deduction was made

9. GSTR 9 & 9C: Annual Return

GSTR-9 is an annual return that needs to be filed by regular taxpayers. It requires the details of outward and inward supplies made during the financial year. It includes information about sales, purchases, input tax credit availed, and taxes paid. GSTR-9 is a consolidated summary of all the monthly/quarterly returns filed during the financial year. The due date for filing GSTR-9 is generally the 31st of December of the following financial year. For example, for the financial year 2020-2021, the due date would be 31st December.

GSTR-9C is a reconciliation statement and certification that needs to be filed along with GSTR-9. It is applicable to taxpayers whose annual turnover exceeds a specified threshold. GSTR-9C requires the taxpayer to reconcile the data provided in the audited financial statements with the figures reported in the annual return (GSTR-9). It also requires certification by a Chartered Accountant or Cost Accountant. The due date for filing GSTR-9C is the same as that of GSTR-9, which is generally the 31st of December of the following financial year.

If you require assistance with GST, income tax, or any other financial and taxation services, feels free to contact Accteez Services India Private Limited. At AccTeez, we are committed to providing comprehensive GST, income tax, and accounting services to businesses of all sizes. With our team of experienced professionals and a client-centric approach, we strive to simplify complex financial processes and ensure compliance with tax regulations.

Our team comprises highly skilled professionals with extensive knowledge and experience in taxation and accounting. We stay updated with the latest developments in tax laws to provide accurate and reliable services. As a trusted partner, AccTeez goes beyond providing accounting and tax services. We are committed to empowering businesses with knowledge and expertise, enabling them to navigate the complexities of with GST, income tax, or any other financial and taxation services. Email: consult@accteez.com Phone: +91 8860632015.