GST Returns | Pratik Shah And Associates

Overview

A GST return is a document containing details of all income / sales and / or expense/ purchase which a taxpayer (every GSTIN) is required to file with the tax administrate authorities. This is used by tax authorities to calculate net tax liability.

Eligiblity criteria for GST registration

Any regular business having more than Rs. 5 crore as annual aggregate turnover has to file two monthly returns and one annual return. This amounts to 26 returns in a year.
There are separate returns required to be filed by special cases such as composition dealers whose number of GSTR filling is 5 in a year.

For Regular Business

#	Return Form	Description	Due Dates of Returns
1	GSTR – 1	Details of Outward Supplies of taxable Goods and / or Services affected.	Monthly: 11 th Month of Every month – if Business either has Annual aggregate turnover of more than 5 Crore or has not opted into QRMP Scheme. Quarterly: 13 th of the month following every quarter – if business has opted into QRMP Scheme.
2	GSTR – 3B	Return in which summary of outward supplies along with input tax credit is declared and payment of tax is affected by the taxpayer.	Monthly: 20 th of every month – Taxpayers aggregate turnover in previous financial year of more than 5 crore or have been otherwise eligible but still opted out of QRMP scheme. Quarterly: 22 nd of the month following th quarter for ‘X’* category of states and 24 th of the month following the quarter for ‘Y’* category of states – for taxpayers which aggregate turnover equal or below to 5 crore, eligible and remain opted into QRMP scheme.
3	GSTR - 9	Annual Return for a normal taxpayer.
4	GSTR – 9C	Certified reconciliation statement.
5	GSTR – 4	Return of Taxpayer registered under composition scheme for supplier of Goods and/or Services.	30 th April of the following relevant financial year
6	GSTR – 9A	Annual composition returns form that has to be filled by every taxpayer who is enrolled in composition scheme.
7	GSTR – 10	Final return to be filed by a taxpayer whose GST registration is cancelled.	Three months from the date of cancellation or cancellation order, whichever is earlier.

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