With deadline for applicability of Goods and Service Tax (GST) coming near, there’s still confusion as to number of return to be filed. This article is a guide to the number of returns under GST and their Due Dates.
||Details to be filed
||To be filed by||Due Date|
|GSTR-1||Details of outward supplies of taxable goods and/or services effected. It has to be noted that GST is based on concept of Input credit set off with Output Tax. Hence, all supplier have to file to let their buyers to receive credit of tax collected by supplier.||Registered Taxable Supplier||10th of the next month for the current month|
|GSTR-2||Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Only credit details filed by supplier will be allowed for automatic set off.||Registered Taxable Recipient||15th of the next month for the current month|
|GSTR-3||Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.||Registered Taxable Person||20th of the next month for the current month|
|GSTR-4||Quarterly return for compounding taxable person.||Composition Supplier||18th of the month succeeding quarter|
|GSTR-5||Return for Non-Resident foreign taxable person||Non-Resident Taxable Person||20th of the next month for the current month|
|GSTR-6||Return for Input Service Distributor||Input Service Distributor||13th of the next month for the current month|
|GSTR-7||Return for authorities deducting tax at source.||Tax Deductor||10th of the next month for the current month|
|GSTR-8||Details of supplies effected through e-commerce operator and the amount of tax collected||E-commerce Operator/Tax Collector||10th of the next month for the current month|
|GSTR-9||Annual Return||Registered Taxable Person||31st December of next financial year|
|GSTR-10||Final Return||Taxable person whose registration has been surrendered or cancelled.||Within three months of the date of cancellation or date of cancellation order, whichever is later.|
|GSTR-11||Details of inward supplies to be furnished by a person having UIN||Person having UIN and claiming refund||28th of the month following the month for which statement is filed|
The average number of forms to be filed each month comes to 3. Although it seems a lot higher number for entities that are subject to single type of taxes like either VAT or Service tax as prevalent at present, it will be of great help for entities that at present have to file many returns on account of being registered under Excise, Sales Tax, Service Tax and other Indirect Taxes.