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.
There will be MONTHLY PAYMENT AS EARLIER. There is NO QUARTERLY PAYMENT.
There are two system of payment:
- Pay on self assessment basis as earlier.
- 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:
Monthly filers/Turnover >5 cr
11th of Next Month
13th of next Month
Monthly filers/Turnover >5 cr
20th of Next Month
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
Monthly/Quarterly Return for Outward Supply
Preview of outward supply uploaded by counter party
Monthly/Quarterly Return for inward Supply
Preview of Inward Supply uploaded by counter party
Auto drafted ITC Statement for eligible & ineligible ITC
Monthly Return with summarized Sales & Purchase
Monthly Summary Return with Tax Payment
Return for Composition Scheme (Now Annual)
Preview of Inward Supply for Composition dealer
GST Return for Non-Resident
Return for Non-Resident OIDAR Service Providers
Return for Input Service Distributor (ISD)
Preview of Inward Supply for Distribution by ISD
TDS Return under GST
TCS Return by eCommerce Operator
Annual Return for Regular Taxpayer
Annual Return for Composition Scheme
Annual Return for eCommerce Operator
Audit Report under GST Act
Final Return after cancellation of registration
Quarterly Summary Return for Composition Scheme
Form for claiming ITC on existing stocks by newly registered taxpayer
Form for transfer of ITC in case of Sale/Merger/Amalgamation/demerger/lease
Form for reversal of ITC
Quarterly return for Goods Sent/Received to/from Job worker