There are three modes of falling of GST return
1 .GST PORTOAL[ www.gst.gov.in]
2.Offline utilities provided
3 .GST Suvidha Providers (GSPs)
Returns is filed by an average taxpayer
GSTR -1 statement of outward supplies
GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
Every registered taxable person, other than an input service distributor/ composition taxpayer/persons liable to deduct tax u/s 51 / persons liable to collect tax u/s 52 is required to file GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal
The under mentioned details for the current tax period have to be furnished in GSTR-1:
a. Details of invoice supplies to registered persons including those having UIN
b. Invoice level details of Inter- State supplies of invoice value greater than Rs. 2, 50,000 to unregistered persons (consumers);
c. Details of Credit/Debit Notes issued
d. invoice wise details of zero rated supplies and deemed exports[SEZ]
e. Summarized state level details of supplies to unregistered persons (consumers);
f. details Advances received and advance adjustment;
g. Details of any amendments effected to the reported information for either of the above categories;
h. Nil- rated, exempted, and non-GST supplies; and
i. HSN/SAC wise summary of outward supplies
Date of falling GSTR-1
GSTR-1 for particular month is filed on or before 10th day of the month in other words GSTR-1 a month can be filled between 1st and 10th day of month
GSTR-2 THIS Statement of inward Supplies
This Statement signifies accrual of ITC (Input Tax Credit) from the inputs received during the previous month. It is AUTO -populated from the GSTR-1st filed by the corresponding suppliers of the Taxpayer except for a few fields like imports, and purchases from UN registered suppliers.
Date of falling GSR-2
It needs to be filed by the 15th of every month in relation to supplies received during the previous month
For example – The details of inward supply pertaining to month of October will be furnished between 11th November and 15th November
Following details provided under GSTR-2
1. Invoice wise details of all interstate and intrastate supplies received from registered person or unregistered person including inward supply taxable under reverse charge
2.Import of goods and service made and
3. Debit and credit note if any received by registered person from suppliers in respect of above supplies
Type of GST return
|RETURN TYPE||description||Who files||Date of filing|
|GST-1||Monthly Statementof Outward supplies of Goods or Service||Registered Person||10th of the next month|
|GST-2||MonthlyStatementof Inward supplies of Goods or Services||Registered Person|| 15th of the next |
|GST-3|| Monthly Return|
|Registered Person||20th of the next month|
|GST-4||Quarterly Return||Taxable person opting for Composition Levy|| 18th of the month succeeding the |
|GST-5|| Monthly Return|
for a non-resident
| Non-resident |
| 20th of the month succeeding the tax period or within 7 days after expiry |
of registration, whichever is earlier
|GST-9||Annual Return|| Registered Person other than an ISD,|
Casual Taxable Person and Non-resident Taxpayer
|31st December of next Financial Year|
|GST-10||Final Return|| Taxable Person whose registration |
|within three months of the date of |
cancellation or date of order of
whichever is late
Steps for return filling RETURN
Step 1. : Filing of GSTR-1
The taxpayer will upload the final GST-1 either directly through data entry the common portal or by uploading the file containing the details through an offline utility/tool or through third party application or software by 10th day of the supplies have been made
The increase/decrease in supply invoice would be allowed from 15th day of the month only on basic of the details uploaded by the counter party purchaser in GSTR-2 in other words the supplier would not be allowed to
Include any missing invoice on his own after 10th day of month
Invoice should be uploaded periodically (may be daily weekly etc.) to minimize last minute load on the system
Step 2 Auto-population of GSTR-2A
GST common portal will auto-populate GSTR-2A of taxpayer based on the invoice details reported by the counter-party taxpayers (suppliers) on a near real-time basis. While every taxpayer will be able to see the invoices uploaded by their suppliers, they will be able to finalize their GSTR-2 only after the last date of filing GSTR-1. After filing of GSTR-1, the taxpayers will be able to view/download their GSTR-2A for further steps
Step 3. Finalization and filing of GSTR-2
THE invoices auto-populated in GSTR-2A will be accepted/rejected/modified by the purchasing taxpayers in GSTR-2. Purchasing taxpayer will also be able to add additional purchase invoice details in his GSTR-2 which have not been uploaded by counter-party taxpayer (supplier) as described above, provided he is in possession of valid invoice issued by counter-party taxpayer and he has actually received such supplies
. The taxpayer would, indicate the eligibility/ partial eligibility for ITC in these instances the place both he is now not entitled or he is entitled for partial ITC
. The taxpayers can then file their GSTR-2 either online or through offline utility or through third party applications or software between 10th and 15th day of the month succeeding the month during which the supplies have been received.
Step 4: Reconciliation of outward and inward supplies
Taxpayers will have the choice to reconcile their inward supplies with their counter-party taxpayers (suppliers) for any missing supplies invoices in the GSTR-1 of the counter-party taxpayers throughout the period of 7 days from filing of GSTR-1. The purchasing taxpayers can prompt the counter-party taxpayers to accept the inward supplies as uploaded by them. The counter-party taxpayers can accept/reject the modifications made by the purchasing taxpayer between 15th day and the 17th day. Where a purchasing taxpayer has brought an invoice and the corresponding offering taxpayer accepts the addition, it will amend his GSTR-1 according.
Step 5 Finalization of GSTR-3
Finalization of GSTR-1 and GSTR-2 would enable taxpayers in finalizing their GSTR-3. Online portal of GST automatic-generate Part of GSTR-3 for the taxpayer. GSTR-2A is a read only document; no changes can be effected therein
RETURNS GSTR-3 would show the amount that will be credited/debited to the ITC ledger of the taxpayer. The taxpayer will fill in the details of ITC that he intends to utilize for payment of taxes. Any balance amount will have to be paid by the taxpayer as cash.
Step 6. Payment of taxes and submission of GSTR-3
Any payment made by challan credited to the digital cash
ledger and does now not routinely get offset against any tax liability.
Payment of taxes has to be achieved by means of debiting the digital money ledger and the taxpayer can choose to debit the electronic money ledger whilst submitting the return.
The taxpayer will put up the return with the fee of the quantity of money payable as per the return.
The two activities can also be carried out one after the other and the taxpayer can make the charge in boost and savings his digital cash ledger
User manual for file your GST return online on GST portal
first you get registered with GST online portal after
registration process with GST online portal and you will get the 15-digit GSTI number which is based on your state code and PAN. In case you do not have this number, first register online to get it.
Click on ‘Returns dashboard’ and then, from the drop-down menu, fill in the financial year and the return filing period.
Now select the return you want to file and click on ‘Prepare online’.
Enter all the required values including the amount and late fee, if applicable.
Once you have filled in all the details, click on ‘Save’ and you will see a success message displayed on your screen.
Now click on ‘Submit’ at the bottom of the page to file the return.
Once the status of your return changes to ‘Submitted’, scroll down and click on the ‘Payment of tax’ tile. Then, click on ‘Check balance’ to view cash and credit balance, so that you know these details before paying tax for respective minor heads. Next, to clear your liabilities, you need to mention the amount of credit you want to use from the credit already available. Then click on ‘Offset liability’ to make the payment. When a confirmation is displayed, click on ‘OK’.
– Lastly, check the box against the declaration and select an authorized signatory from the drop-down list. Now click on ‘File form with DSC’ or ‘File form with EVC’ and then click on ‘Proceed’. Make the payment in the next step for your respective GST form