GST Return Filing, GST Return filing Online

GST Return Filing online

GST Return filing is online only on the GSTN Portal. There is no offline method to file GST Return. GST Return can be prepared directly on GSTN Poral, or using GSTN utility or via GSP software. All Assessee having GST Regsitration Number is required to file GST Return online in applicable GST Return Form withing due dates.
Assessee opted for QRMP scheme is required to file GSTR-3B & GSTR-1 on quarterly basis but tax need to be paid on monthly basis only.

Assessee othar than QRMP scheme i.e Business having turnover more than 5cr or who have opted for monthly filing mode need to file their return on monthly basis before due date.

QRMP Scheme

There will be MONTHLY PAYMENT AS EARLIER. There is NO QUARTERLY PAYMENT.

There are two system of payment:

  1. Pay on self assessment basis as earlier.
  2. Pay 35 % of tax paid in last quarter in first two month and remaining in last month of quarter. In this method if your last quarter sale were more then you will end up paying more tax and if your last quarter sale were less than current period then you may have to pay less temporarily and full payment in last month of quarter.

For quarterly filers, there were problem that bills were reflected on the portal on 3 month leading to holding of payment by your clients. That has been solved. Now Quarterly filers can also file optional form IFF(Invoice Furnishing facility) in every month and it will reflect on your parties GSTR-2A/2B.

But Due date of GSTR-1/IFF has been reduced to 11th or 13th. Means, you have to file before this date if you wish to show it in your parties GSTR-2A/2B.

GST Return Due Dates

Due Date for filing GST Return are as follows:

GSTR-1

Monthly filers/Turnover >5 cr

11th of Next Month

GSTR-1/IFF

QRMP Scheme

13th of next Month

GSTR-3B

Monthly filers/Turnover >5 cr

20th of Next Month

GSTR-3B

QRMP Scheme

20th of next Month

22nd of Next Month

24th of Next month

Interest and Late Fees in GST

Interest payable on delay payment of GST is 18 % p.a.

Merely GST challn payment and credit to electronic cash ledger will not amount to payment of GST. GST payment will be construed only if it has been made Off-Set with outward liability in GSTR-3B (However, In QRMP scheme, payment in challn selecting QRMP as reason will suffice the payment.)

Interest on reversal of ITC is 24% p.a

Late fees for late filing of GSTR-1/GSTR-3B is Rs. 50 per day per return subject to maximum of Rs. 10000.
Late fees for NIL Return is Rs. 20 per day per return.

GST Return Forms

GSTR 1

Monthly/Quarterly Return for Outward Supply

GSTR 1A

Preview of outward supply uploaded by counter party

GSTR 2

Monthly/Quarterly Return for inward Supply

GSTR 2A

Preview of Inward Supply uploaded by counter party

GSTR 2B

Auto drafted ITC Statement for eligible & ineligible ITC

GSTR 3

Monthly Return with summarized Sales & Purchase

GSTR 3B

Monthly Summary Return with Tax Payment

GSTR 4

Return for Composition Scheme (Now Annual)

GSTR 4A

Preview of Inward Supply for Composition dealer

GSTR 5

GST Return for Non-Resident

GSTR 5A

Return for Non-Resident OIDAR Service Providers

GSTR 6

Return for Input Service Distributor (ISD)

GSTR 6A

Preview of Inward Supply for Distribution by ISD

GSTR 7

TDS Return under GST

GSTR 7A

TDS Certificate

GSTR 8

TCS Return by eCommerce Operator

GSTR 9

Annual Return for Regular Taxpayer

GSTR 9A

Annual Return for Composition Scheme

GSTR 9B

Annual Return for eCommerce Operator

GSTR 9C

Audit Report under GST Act

GSTR 10

Final Return after cancellation of registration

CMP 08

Quarterly Summary Return for Composition Scheme

ITC 01

Form for claiming ITC on existing stocks by newly registered taxpayer

ITC 02

Form for transfer of ITC in case of Sale/Merger/Amalgamation/demerger/lease

ITC 03

Form for reversal of ITC

ITC 04

Quarterly return for Goods Sent/Received to/from Job worker

Get your GST Return Filed by Gupta Chandan & Associates at affordable cost