GST
NILL GST Filling
GST return has to be filed by every registered person under GST irrespective of business turnover or profitability in a month. Hence, even if there were no invoices issued during a month, the taxpayer must log in to the GST Portal and submit a NIL return.
Medium GST Filling
GST registration holder are required to file GSTR-1 (details of outward supplies) on the 10th of each month, GSTR-2 (details of inward supplies) on the 15th of each month and GSTR-3 (monthly return) on the 25th of each month. Dealers registered under the GST composition scheme are required to file GSTR-4 every quarter, on 18th of the month next to the quarter. Finally, annual GST return must be filed by all GST registered entities on/before the 31st of December. The due dates for the GST return due in July, August and September are different from the normal schedule to help the taxpayers and GSTN network ensure a smooth GST rollout.
|
Return/Form |
Details | Applicable to | Frequency | Due Date |
|---|---|---|---|---|
| GSTR – 1 | Outward sales by Business | Registered Normal Taxpayer | Monthly | 10th of next month |
| GSTR – 2 | Purchases made by Business | Registered Normal Taxpayer | Monthly | 15th of next month |
| GSTR – 3 | GST Monthly return along with the payment of tax | Registered Normal Taxpayer | Monthly | 20th of next month |
| GSTR – 4 | GST Quarterly return for Composition Taxpayers | Composition Taxpayer | Quarterly | 18th of next month |
| GSTR – 5 | Periodic GST return for Non-Resident Foreign Taxpayer | Non-Resident Foreign Taxpayer | Monthly | 20th of next month |
| GSTR – 6 | Return for Input Service Distributor (ISD) | Input Service Distributor | Monthly | 13th of next month |
| GSTR – 7 | GST Return for TDS | Tax Deductor | Monthly | 10th of next month |
| GSTR – 8 | GST Return for E-commerce Operator | E-commerce Operator (Tax Collector) | Monthly | 10th of next month |
| GSTR – 9 | GST Annual Return | Registered Normal Taxpayer | Annually | 31st Dec of next financial year |
** Due date may change as per government notification issued from time to time.
Composition GSTR 4
Composition Scheme is a simple and easy schemeunder GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.5 crore.( CBIC has notified the increase to the threshold limit from Rs 1.0 Crore to Rs. 1.5 Crores ).
