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It is a document containing the details of income of the remunerator that is required to file the return of tax against the administrative authorities. This document is used to calculate tax liabilities by the tax authorities.
A Registered dealer has to file the return of GST and it includes the following documents:
• Output GST (On sales)
• Input tax credit (On purchases)
Under GST system, Three returns should be filed in a month and one annual return in any regular business. The total sum up to 37 returns in a year.
In this system manual entry of details is submitted in one monthly return – GSTR-1. The other two returns i.e. GSTR 2&3 will be auto filled by the information derived from GSTR-1 which is submitted by you and your assesse.
Those dealers comes under composition scheme should comes under special cases and separate returns should be filed by them as prescribed under GST law.
As per the CGST (central goods and service tax) Act
Note: subject to change by Notifications/orders)
• GSTR-1 – It includes the details of outward supplies of all taxable goods and services (whose turnover is more than RS. 1.5 crores in previous year). This return should be filed on monthly basis and should be submitted upto 11th of the next month.
• GSTR-2 - It includes the details of inward supplies of taxable goods or services while claiming input tax credit. This return should be filed every months and this return should be filed upto 15th of the next month.
• GSTR-3 – This is the monthly return on the basis of the finalization of details of outward supply along with the payment of amount of tax. This is the monthly return filed upto the 20th of the next month.
• GSTR-9 – This GST return is the annual return which should be filed once in a year and the due date of filing this return is 31st December of the the next financial year.
• GSTR-3B – This is the return for the months upto the financial year. This return if filed on monthly basis and it should be submitted upto the 20th of the next month.
A dealer who has opted for the composition scheme should not have to file much returns and it will have to make the payment of taxed at nominal rates. A dealer registered under composition scheme will have to file only 2 returns:
• GSTR-4 – This return should be filed for compounding the tax liabilities for the taxable assess and it should be filed on quarterly basis and the due date for filing the return is 18th of the month of the succeeding quarter.
• GSTR-9A – This is the annual return file annual of the 31st December of the next financial year.
• GST R- 5 - This is the return for Non-resident foreign taxable person and it should be filed on monthly basis. The due date of filing this return is 20th of the next month.
• GSTR-5A – This is the return which should be filed for Non-resident persons providing OIDAR services. This return should also be filed on monthly basis and it should be filed upto 20th of the next month.
• GSTR-6 – This is the tax return for Input service distributor and should be filed on monthly basis. The due date of filing this return is 13th of the next month.
• GSTR-7 – This is the return for the authorities deducting tax at source and it is filed on monthly basis on the 10th of the next month.
• GSTR-8 – It contains the details of supplies effected through e-commerce operator and the amount of tax collected and this is the monthly return filed on the 10th of the next month.
• GSTR-10 – This is the final return which should be filed once when your registration is cancelled or surrendered. This should be filed within 3 months of the date of cancellation of registration or the date of cancellation order, whichever is later.
• GSTR-11 - It consists of the details of the inward supplies to be furnished be a person having UIN and for claiming refunds. This should be filed once in a month and its due date is 28th of the month of the following the month for which this return is filed.
If the assesse has not filed his return on time then he is liable to pay interest and penalty.
Interest of 18% per annum should be charged. It is calculated on the amount of outstanding tax which should be paid be the person. The time period of late filing is calculate is from the next day of the date which is prescribed for filing the date of payment.
Late fee is RS. 100 per day per tax(i.e. RS. 100 under CGST and RS. 100 under SGSt ). So total will be RS.200/day. And maximum amount is RS. 5000. There is no late fee on IGST.