GST Return

Periodic reporting of GST collected and paid to the GST system is known as GST return
filing. Every taxpayer needs to file GST Return as part of his statutory obligation and to
keep the compliance rating and collect GST refunds. Periodic reporting differs with
taxpayers, say monthly for regular taxpayers and quarterly for composition tax payers.
Differentiation of GST Return & Filing
Preparation of GST collected and paid for a reporting period information in the
prescribed format issued by the GST regulating authority is known as GST return. Tax
payment and/or tax refund claim by submission of a reconciled GST Return is GST
return filing.

Taxpayers and GST Returns

Every GST registered taxpayer has the authority to collect GST on behalf of the
Government when a supply of GST attracting, goods or services takes place in the
business. The taxpayer can issue a tax invoice marking proper GST rate and retain the
GST amount for future payment to the Government. The GST funds retained and
eligible input tax credit must be reported and paid while filing the GST returns.
Government will refund the eligible input tax credit claimed through the GST returns.

GovReports ledger can raise tax invoices and capture bills with eligible input tax credit.
GST return can be generated automatically for reporting.

GST Return Due Dates for July, August & September 2017

Period GSTR-3B GSTR-1 GSTR-2 GSTR-3

July Aug 20 Oct 10 Oct 31 Nov 10
August Sep 20 TBA TBA TBA
September Oct 20 TBA TBA TBA
:
Various types of GST Returns
Taxpayer depending on the registration category, permitted to collect GST as well as
claim eligible input tax credit. There are different types of GST reports for different
taxpayers available as follows:

FOR REGULAR TAXPAYER

GST Form Description Period Due On

GSTR-3B Summary details of Monthly 20th day of the
Outward and Inward following month
Supplies and GST
GSTR-1 Invoice level details of Monthly 10th day of the
Outward Supplies following month
GSTR-2 Invoice level details of Monthly 15th day of the
Inward Supplies following month
GSTR-3 Summary details of Monthly 20th day of the
reconciled following month
Outward/Inward
Supplies
GSTR-9 Audited GST reports for Annual 31st December of
full year the next financial
year

FOR COMPOSITION TAXPAYER

GST Form Description Period Due On

GSTR-4 Summary details of Quarterly 18th day of the
Outward Supplies following month
GSTR-9A Audited GST reports for Annual 31st December of
full year the next financial
year
FOR OTHER TYPE OF TAXPAYERS

GST Description Period Due On

Form
GSTR-5 Non Resident Foreign Monthly 20th day of the
Taxpayer following
Summary details of month
reconciled
Outward/Inward
Supplies
GSTR-6 Input Service Monthly 13th day of the
Distributor following
Input Tax Distribution month
GSTR-7 Tax Deductor Monthly 10th day of the
Tax deducted at following
source month
GSTR-8 E-Commerce Operator Monthly 10th day of the
Tax collected on following
supplies month
GSTR-10 GSTIN GSTIN Within 3
Cancelled/Surrendered Cancelled/Surrendered months of
cancellation
or
cancellation
order
whichever is
later

GSTR-11 UIN Holder Monthly 28th day of the

Inward supplies following
month
Consequences of failure to file
Failure to file GST return on due date will result in,
Penalty of Rs.200 per day from due date up to a maximum of Rs.5,000
Interest at the rate of 18% pa on tax payable item from due date to the date of
payment
Rating with GSTN portal will be downgraded, which may have an impact
amongst your business clients and suppliers.

http://www.govreports.co.in