FILING OF RETURNS UNDER GOODS AND SERVICES TAX (GST) ACT, 2017

Return of outward supply

1. Details of outward supply of goods or services or both effected during a month are required to be filed by every registered person electronically, in FORM GSTR-1.
2. Outward supply details mean details of invoices, debit notes, credit notes and revised invoices issued in relation to outward supplies made during any tax period.
3. This return signifies tax liability
4. FORM GSTR-1 is required to be furnished electronically on or before the tenth day of the month succeeding the tax period to which return pertains eg return of supplies effected in August 2017 is to be furnished by 10th September 2017 Commissioner has power to extend this period by order in writing. For this purpose, order passed by Commissioner Central/Integrated Tax would be effective for SGST also and vice versa.
5. However, details of outward supplies during the period from the eleventh day to the fifteenth day of the month succeeding the tax period shall not be allowed to be furnished
6. FORM GSTR-1 is not applicable to an Input Service Distributor or a non-resident taxable person or a person paying tax under composition scheme or deducting tax at source or co source or person providing online information and database access or retrieval services.
7. The details of outward supplies of goods or services or both shall include inter alia:
8. Invoice wise details of all inter-State and intra-State supplies made to registered persons inter State supplies with invoice value more than two and a half lakh rupees made to unregistered persons.
9. Consolidated details of all intra State supplies made to unregistered persons for each rate of tax, and State wise inter State supplies with invoice value less than two and a half lakh rupees made to unregistered persons for each rate of tax: and
10. Debit and credit notes, if any issued during the month for invoices issued previously.
11. The details of outward supplies furnished by the supplier shall be made available electronically to the concerned registered persons (recipients) in Part A of FORM CSTR2A, after the due date of filing of FORM GSTR-1

Return of inward supplies

1. Details of inward supplies shall be furnished by every registered person in FORM GSTR2. The details would pertain to invoices, debit notes, credit notes and revised invoices received in relation to inward supplies during any tax period.
2. This return signifies ITC accrual of taxable person.
3. This return would be auto populated from the return of outward supply filed by the suppliers except purchases from unregistered dealers and imports. However, details not been declared by the supplier in return FORM CSTR 2A will also be included.
4. Form GSTR2 is not applicable to an Input Service Distributor, a non-resident taxable person and a person paying tax under composition scheme or deducting tax at source or collecting tax at source.
5. Details of other inward supplies including where GST has been paid under Reverse Charge and imports will also be included in FORM GSTR-2
6. The registered person shall specify the inward supplies in respect of which he is not eligible, either fully or partially, for input tax credit in FORM GSTR-2 where such eligibility can be determined at the invoice level.
7. The return is to be filed between 10th to 15th of the month succeeding the tax period to which return pertains e g, return of inward supplies received during month of August, 2017 has to be filed latest by 15th of September but not before 10th of September. Commissioner has power to extend this period by order in writing For this purpose, order passed by Commissioner Central/Integrated Tax would be effective for SGST also and vice versa.
8. The recipient shall verify, validate, modify or delete the details relating to outward supplies and credit or debit notes communicated by supplier in FORM GSTR-2A and communicate amendments, deletions etc in FORM GSTR-1A
9. The modifications, deletions etc. communicated in FORM GSTR-1A have to be either accepted or rejected by registered person and his return in FORM CSTR-1 shall stand amended accordingly.
10. This exercise has to be completed between 15th to 17th of the calendar month succeeding tax period.

Monthly return by registered person

1. Every registered person shall electronically furnish, in FORM GSTR-3, of inward and outward supplies of goods or services or both, input tax credit availed, tax payable tax paid and other prescribed particulars.
2. It is a consolidated return signifying tax liability as reduced by ITC availability and details of payment of that liability.
3. Details of outward supplies and inward supplies in terms of FORM GSTR-1 and FORM GSTR-2 get auto populated.
4. The return is to be filed on or before the 20th day of the month succeeding calendar month of the tax period e.g., return for the month of August, 2017 has to be filed by 20th September.
5. FORM GSTR-3 is not applicable to an Input Service Distributor, a non-resident taxable person and a person paying tax under composition scheme or deducting tax at source or collecting tax at source for whom returns in other FORMS have been prescribed.
6. This return shall also be considered to be an application for eligible refund under some specified provisions.
7. Notice to defaulter in filing return shall be issued in FORM GSTR-3A. Delayed return shall be furnished in FORM GSTR-3B.

Other monthly returns

1. Every registered person required to deduct tax at source will have to file monthly return by 10^th of next month in FORM GSTR-7
2. A non-resident taxable person has to file return by 20th of next month or within 7 days after expiry of registration in FORM GSTR-5.
3. An Input Service Distributor will file return by 13th of next month in FORM GSTR-6.
4. An E-commerce operator will file return in FORM GSTR-8 of supplies effected through E-commerce operator and amount of tax collected by 10th of next month.

Quarterly return by Composition dealer

1. Composition Dealer is required to file a quarterly return in FORM GSTR-4.
2. This return has to be filed by 18h of the month succeeding the tax period i.e. the previous quarter e.g. return for quarter July 2017 to September 2017 has to be filed by 18th October.

Annual return

1. An annual return has to be filed by a registered person for every financial year electronically on or before the 31st December ie return for Financial year 2017-18 has to be filed by 31-12-2018. The returns has to be filed in FORM GSTR-9 (FORM GSTR-9A for composition dealer and 9B for Electronic Commerce Operator).
2. Every registered person whose aggregate turnover during a financial year exceeds one crore rupees is required to get his accounts audited shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified.

First return

• This would be filed by person who has made outward supplies in the period between the date on which he became liable to registration till the date on which registration has been granted.

Levy of late fee

• Any registered person who fails to furnish the details of outward or inward supplies or required returns (other than annual return) by the due date shall pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximum amount of five thousand rupees.
• Any registered person who fails to furnish the annual return by the due date shall be liable to pay a late fee of one hundred rupees for every day during which such failure continues subject to a maximum of an amount calculated at a quarter per cent of his turnover in the State or Union territory.