India is heading towards its greatest tax reforms ever. The entire World is watching this roll-out, as the World third-biggest economy is moving towards a goal based tax reporting structure. Each transaction must be accounted for through the last mile with a common invoice, identifiable to the dealer and recipient of goods and services.

Every single enrolled business need to file monthly, quarterly as well as yearly GST Returns on the type of business. In this article, we cover the accompanying points:
1. What is GST Return?
2. Who should record GST Returns?
3. Types of GST Returns
4. Due Dates to document GST Returns
5. Late Fees for not Filing Return on Time

1. What is GST Return? 

A return is a document containing details of income which a taxpayer is required to record with the tax administrative authorities. This is utilized by tax experts to compute tax liability.
Under GST, an enlisted dealer needs to record GST returns that include:
  • Purchases 
  • Deals 
  • Output GST (On deals) 
  • Input Tax Credit (GST paid on buys) 
To file GST returns, GST consistent deals and buy invoice are required. You can create GST consistent invoice.

2. Who should record GST Returns? 

In the GST administration, any normal business needs to file three month to month returns and one yearly return. This adds up to 37 returns in a year.

The excellence of the system is that one needs to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 and 3 will get auto-populated by getting data from GSTR-1 documented by you and your merchants.

There are separate returns required to be recorded by exceptional cases, for example, composition dealers.

3. What are the kinds of GST Returns? 

Here is a rundown of the considerable number of profits to be filed as endorsed under the GST Law alongside the due dates.

3.1. Any regular business: 

According to the CGST Act (Note: subject to change by Notifications/orders)

Return Form Particulars Interval Due Date
GSTR-1 Details of outward supplies of taxable goods and/or services Monthly* 10th of the next month
GSTR-2 Details of inward supplies of taxable goods and/ or claiming input tax credit. Monthly* 15th of the next month
GSTR-3 Monthly return on the basis of finalization of details supplies and inward supplies along with the payment of tax. Monthly* 20th of the next month
GSTR-9 Annual Return Annually 31st December of next financial year
GSTR-3B Provisional return for the months of July 2017 to June 2018 Monthly 20th of the next month

3.2. A merchant opting for composition scheme : 

A composition dealer will appreciate the advantages of lesser returns and consistency alongside with payment of tax at ostensible rates. A composition dealer will document just 2 returns:

Return Form Particulars Interval Due Date
GSTR-4 Return for compounding taxable person Quarterly 18th of the month succeeding quarter**
GSTR-9A Annual Return Monthly 31st December of next financial year

3.3. Returns to be filed by certain particular enrolled merchants: 

Return Form Particulars Interval Due Date
GSTR-5 Return for Non-Resident foreign taxable person Monthly 20th of the next month***
GSTR-5A Return for Non-resident persons providing OIDAR services Monthly 20th of the next month***
GSTR-6 Return for Input Service Distributor Monthly 13th of the next month***
GSTR-7 Return for authorities deducting tax at source. Monthly 10th of the next month
GSTR-8 Details of supplies effected through e-commerce operator and the amount of tax collected Monthly 10th of the next month
GSTR-10 Final Return Once. When registration is canceled or surrendered 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 and claiming a refund Monthly 28th of the month following the month for which statement is filed

4.Due Dates to file GST Returns 

Due Dates for filing GST Returns can be reached out by issuing Orders or Notifications. Here, we have for you the rundown of up and coming GST returns due dates that you should not miss!
- GSTR-3B and GSTR-1 to proceed till the long stretch of Sept 2018, according to the choice that was taken at 27th GST Council meeting hung on fourth May 2018.


For turnover up to Rs 1.5 cr and who picked Quarterly documenting
Period Due dates
Jan- Mar 30th April 2018
Apr-June 2018 31st July 2018
July-Sept 2018 30th Oct 2018

For turnover of more than Rs 1.5 cr/ For turnover of less than 1.5 cr but opted Monthly filing

Period Dates
April 2018 31st May 2018
May 2018 10th June 2018
June 2018 10th July 2018
July 2018 10th Aug 2018
Aug 2018 10th Sept 2018
Sept 2018 10th Oct 2018
GSTR-2 and GSTR-3 

GSTR-2 and GSTR-3 documenting have been suspended. Find out about what was examined on Return documenting at 27th GST Council Meeting!


GSTR-3B has been reached out to Sept 2018.
All organizations need to record GSTR-3B by twentieth of one month from now until Sept 2018.
The due date for the month of May 2018 is twentieth June 2018.


The due date for the quarter April 2018 to June 2018 is eighteenth July 2018


The due date for May 2018 is twentieth June 2018


The due date for May 2018 is twentieth June 2018


Due date of GSTR-6 for the months from July 2017 to June 2018 is reached out to 31st July 2018.

5. Late Fees for not Filing Return on Time 

If GST Returns are not documented within time, you will be obligated to pay interest and a late fee.
Interest is 18% for every annum. It must be figured by the citizen on the measure of remarkable tax to be paid. The day and age will be from the following day of filing (26th/29th Aug) to the date of payment.
The late fee is Rs. 100 every day for each Act. So it is 100 under CGST and 100 under SGST. Aggregate will be Rs. 200/day. The most extreme is Rs. 5,000. There is no late fee on IGST.

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