GST-Return Filing

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GST – Return Filling

Every person/entity registered under GST has to keep with himself a systematic record of all taxable/non-taxable supplies made in the business whether inward or outward. He is also required to save details of Input credit availed by him or the amount of tax payable to the government at intervals.
All these have to be later reported to government through filling an online statement or electronic form namely GST Return.
A GST return is a statement of record of all transactions made by the taxpayer, which is reported to government either monthly, quarterly or annually basis. A GST return specifies the supplies made and the number of tax/non-tax invoices issued in a specified period including details of taxes applicable on such supplies.
For a registered taxpayer, filling a GST return is a mandatory requirement for a number of reasons, the most crucial of which is to avail Input credit of purchases .
A GST return can be filed by logging in to the GST common portal after registration, specifying details of supplies depending on the nature of transactions and rates applicable .

Types of GST Return

Varying on the nature of transaction and reporting standards, the following GST returns have to be filed within their specified due dates :
GST Return Purpose Entity Filling Period Due Date
GSTR – 1 For reporting of Outward supplies All Normal and Casual registered taxpayers Monthly 10th of succeeding month
GSTR – 2 For reporting of Inward Supplies All Normal and Casual registered taxpayers Monthly 10th of Succeeding month
GSTR – 3B For self declaration of GSTR – 1 and GSTR-2 All Normal and Casual registered taxpayers Monthly 20th of succeeding month
GSTR – 4 For reporting of outward supplies, tax payable by entities under composition scheme. Composition dealers Quarterly 18th of the succeeding month of quarter.
GSTR-5 For reporting of outward or inward supplies by Non-residents Non-resident taxpayers Monthly 20th of succeeding month
GSTR – 5A For reporting of Services & tax payable provided to India residents by OIDAR Service providers Online Information and Database Access or Retrieval (OIDAR) services providers. Monthly 20th of succeeding month
GSTR – 6 For reporting of distribution of credit by ISDs Input Service Distributors (ISDs) Monthly 13th of succeeding month.
GSTR – 7 For reporting of TDS deductions TDS Deductor (specified u/s 51) Monthly 10th of succeeding month.
GSTR – 8 For reporting of tax deductions by E-commerce operator Monthly 10th of succeeding month.
GSTR – 9 GST Annual return. All registered taxpayers Annually 31st Dec of succeeding financial year.
GSTR – 9A GST Annual return for composition dealers Composition Dealers Annually 31st Dec of succeeding financial year.
GSTR – 9B GST Annual return for E-commerce operators E-commerce Operators Annually 31st Dec of succeeding financial year.
GSTR – 9C To be filed along with GSTR 9, for entities liable to get audited u/s 35 of CGST Act For entities liable to get audited under section 35. Annually 31st Dec of succeeding financial year.
GSTR -10 Final return for cancellation or surrender of GST All taxpayers excluding
(i) Input Service Distributor
(ii) Non-resident taxable persons
(iii) Persons required to deduct tax at source (TDS) under section 51
(iv) Persons paying tax under section 10 (Composition Taxpayer)
(v) Persons required to collect tax at source (TCS) under section 52
Within 3 months of cancellation or surrender of GSTN N/A
GSTR – 11 For reporting of inward supplies by UIN Holders Unique Identity holders Quarterly N/A

GST Tax payment

On submission of all required details in GST return, the taxpayer has to file the payable GST amount by creating a GST payment challan. On successful payment of tax, the system provides a confirmation of the return filed.
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