Different Tax returns under GST Goods and Service Tax

Posted on 11 April 2023 Category : GST

Types of different tax returns under Goods and Service Tax

When is the last date for filing of IGST, CGST and SGST annual returns for previous financial year?

The last date for filing of annual GST returns (IGST, SGST and CGST) for previous financial year is on 31^st December.

Is short-filed IGST, CGST and SGST returns treated as valid return filing for matching to sanction Input Tax Credit transfer?

No. short filed GST returns are not treated as valid filing of GST returns and will not be accounted for state – centre sharing of GST.

(The information given here is valid only after introduction of GST likely to be in 2016 and also subjected to changes by GST law drafting committee and other concerned authorities)

1     GSTR 1     Outward supplies made by taxpayer (other than compounding taxpayer and ISD)     10th of the next month
2     GSTR 2     Inward supplies received by a taxpayer (other than a compounding taxpayer and ISD)     15thof the next month
3     GSTR 3     Monthly return (other than compounding taxpayer and ISD)     20thof the next month
4     GSTR 4     Quarterly return for compounding Taxpayer     18thof the month next to quarter
5     GSTR 5     Periodic return by Non-Resident Foreign Taxpayer     Last day of registration
6     GSTR 6     Return for Input Service Distributor (ISD)     15th of the next month
7     GSTR 7     Return for Tax Deducted at Source     10th of the next month

ITC Ledger of taxpayer     Continuous
Cash Ledger of taxpayer     Continuous
Tax ledger of taxpayer     Continuous

(i) Normal / Regular taxpayers (including casual taxpayers) would have to file GSTR-1 (details of outward supplies) (Annexure-II), GSTR-2 (details of inward supplies) (Annexure-III) and GSTR-3 (monthly Return) (Annexure-IV) for each registration.

(ii) Normal / Regular taxpayers with multiple registrations (for business verticals) within a State would have to file GSTR-1, GSTR-2 and GSTR-3 for each of the registrations separately.

(iii) Compounding taxpayers would have to file a quarterly return called GSTR-4 (Annexure-V).

(iv) Taxpayers otherwise eligible for the compounding scheme can opt against the compounding and file monthly returns and thereby make their supplies eligible for ITC in hands of the purchasers.

(v) Casual/ Non - Resident Taxpayers (other than foreigners) would have to file GSTR-1, GSTR-2 and GSTR-3 returns for the period for which they have obtained registration. The registration of Casual/Non –Resident taxpayers will be done in the same manner as that of Normal / Regular taxpayers.

(vi) Non- Resident Taxpayers (foreigners) would be required to file GSTR-5 return for the period for which they have obtained registration within a period of seven days after the date of expiry of registration. In case registration period is for more than one month, monthly return(s) would be filed and thereafter return for remaining period would be filed within a period of seven days as stated earlier. For these taxpayers the registration format to be used will be the same as that for UN Bodies/Embassies (Annexure-VI].

(vii) Annual return (GSTR-8) (Annexure-IX) will be filed by all normal / regular taxpayers. It will be based on financial records.

(viii) Compounding taxpayer will also file a simple annual return.

(ix) Cut-off date for filing of details of outward supplies (GSTR-1), inward supplies (GSTR-2) and Monthly return (GSTR-3) would be10th, 15th and 20th day respectively of the succeeding month for all Monthly filers.

(x) Cut-off date for filing of Quarterly return (GSTR-4) by compounding taxpayer would be 18thday of the first month of the succeeding quarter.

(xi) Cut-off date for filing of Input Service Distributor return (GSTR-6) (Annexure-VII) would be 15th day of the succeeding month.

(xii) Cut-off date for filing of TDS (Tax Deducted at Source) return (GSTR-7) (Annexure-VIII) by Tax Deduct or would be 10th day of the succeeding month.

(xiii) For Annual return, the cut-off date would be 31st December following the end of the financial year for which it is filed.

(xiv) The filing of return would be only through online mode although the facility of offline generation and preparation of returns would be provided. The returns prepared in offline mode would have to be uploaded.

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