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GST Returns

Return Name3) ParticularsDue date
GSTR-1.Outward SuppliesBy 10th
GSTR-2.Inward SuppliesBy 15th
GSTR-3Consolidation of GSTR-1 & GSTR-2By 20th
GSTR-4.Composition SchemeQuarterly By 18th
GSTR-5.Non-Resident Foreign Tax Payer20 Days after the month or 7 days after the last day of the validityof RC.

GST Returns

Return Name3) ParticularsDue date
GSTR-6.Input Service DistributorMonthly by 13th
GSTR-7/8.TDS Deductor /TCS DeductorMonthly by 10th
GSTR-9.Annual ReturnBy 31st December
GSTR-10.Final ReturnWithin 3 months of the date of cancellation or order
   
  • No provision to revise the return but rectification of error/omission is allowed upto a prescribed time period.
  • Levy of   late fee  for  delay/non-filling    of   return   are prescribed.
  • No rectification can be carried out in form GSTR-1 after due date of filing form GSTR-3 for the month of September of the subsequent F.Y or after filing form GSTR-9, whichever is earlier.
  • Not allowed to furnish GSTR-3 for a tax period if valid returns for any previous tax period has not been furnished by him.
  • Tax for relevant period should be paid on or before the due date of filing GSTR-3 i.e., 20th.
  • Furnishing of GSTR-3 without payment of full tax’s due as per such returns shall not be treated as a valid return for allowing I.T.C in respects of supplies made by such person.

First & Final Return

First Return-

  • Details of outward supplies from the date on which dealer becomes liable to registration till the end of the month in which the registration is granted and inward supplies from the effective date of registration till the end of the month in which the registration is granted need to be furnished in First Return.
  • A composition tax payer is required to furnish the first return for the period starting from the date on which he becomes a registered taxable person till the end of the quarter in which the registration is granted.

Final Return-

  • Every registered taxable person applying for cancellation of registration shall furnish a final return within 3 months of the date of cancellation or receipt of order, whichever is later.

Penal Provisions for Non/Late Filing of Returns

  • Failure to furnish returns in Form GSTR-1, GSTR-2 & GSTR-3 entails Late Fee of Rs. 100/- per day subject to maximum Rs. 5,000/-
  • Similarly, any registered taxable person who fails to furnish form GSTR-9 within the due date, shall be liable to a late fee of Rs. 100 per day during which such failure continues, subject to maximum of an amount calculated @ 0.25% of his aggregate turnover.

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