Filing return will be the critical business activity as it determines compliance rating and timely refunds.
A return is a document that a taxpayer is required to file as per the law with the tax administrative authorities. Under the GST law, a normal taxpayer will be required to furnish three returns monthly and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme, taxpayer registered as an Input Service Distributor, a person liable to deduct (TDS) or collect the tax (TCS)
Returns to be file by the Taxpayers are as follows :-
S.No. |
Return/Ledger | Form Description |
Due Date |
1. | GSTR 1 | Outward supplies | 10th of next month |
2. | GSTR 2 | Inward Supplies | 15th of next month |
3. | GSTR 3 | Monthly return | 20th of next month |
4. | GSTR 4 | Compounding tax payer | 18th of month ending quarter
(Quarterly return) |
5. | GSTR 5 | Non- resident foreign tax payer | Last day of registration |
6. | GSTR 6 | Input Service Distributors | 15th of next month |
7. | GSTR 7 | Tax Deducted at Source (TDS) | 10th of next month |
8. | GSTR 8 | E-commerce operator | – |
9. | GSTR 9 | Annual Return | 31st December of next Financial year |
10. | GSTR 10 | GST Final Return | – |
11. | GSTR 11 | GST Inward supplies statement for UIN | – |