Get Yourself GST Ready

GST Return Filing


Taxable persons and entities under GST are required to file various GST returns. Under GST, return filing is a very important activity that serves as the link between the taxpayer and the government. In the GST return, the taxpayer is required to furnish details like the particulars of business activity, declaration of tax liability, payment of taxes and other information as requested by the government. All returns in GST are required to be filed electronically and facility is to be provided for manual filing of GST returns, wherein the return can be prepared offline and uploaded on the GSTN by the taxpayer or a facilitation center

Who should file GST returns?

Registered persons who are taxable under GST are required to file GST returns. Therefore, any registered person who has obtained registration but has not crossed the exemption limit (i.e., Rs.20 lakhs across India, except for Northeastern and Hill states wherein its Rs.10 lakhs) will not be required to file GST return until they cross the exemption limit. However, once the exemption limit is crossed and the taxpayer begins filing GST returns, even if there is no taxable supplied made or received during a period, the taxpayer is required to file a NIL return. Hence, not filing GST return is not an option and without filing the return of a period, next return cannot be filed

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Due Dates for Filing GST Returns

GSTR-1 Return of Outward Supply

GSTR-1 or return of outward supply must be filed by GST registered taxpayers before the 10th of every month. In the GSTR-1 or return of outward supply details like item wise detail of goods and services supplied with HSN or SAC codes, supply with respect to all B2B transactions, details of all inter-state supplies of B2C transactions above Rs.2.5 lakhs and all other invoices of less than Rs.2.50 lakhs with state wise summary details of all B2C transactions must be submitted. GSTR-1 should also contain details like zero-rated supplies, return of goods received in pursuance of an inward supply, exports, debit notes, credit notes and supplementary invoices.

GSTR-3 Monthly Return

GSTR-3 or monthly GST return must be filed by GST registered taxpayers before the 20th of every month. In the GSTR-3 or monthly GST return, taxpayers are required to verify, and provide details of inward/outward supplies, input tax credit availed, tax payable, tax paid and other details as required. Majority of the information in the monthly GST return would be auto populated from the GSTR-1 and GSTR-2 return filed by the taxpayer on the 10th and 15th of each month. Only details to be provided by the taxpayer in GSTR-3 would be information relating to payment of tax and other information not previously provided in GSTR-1 and GSTR-2.

GSTR-2 Return of Inward Supply

GSTR-2 or return of inward supply must be filed by GST registered taxpayers before the 15th of every month. In the GSTR-2 or return of inward supply, taxpayers are required to verify, modify or provide details of all supplied received during the period. Since, details of all inward supplies would have been filed by all taxpayers on the 10th of each month, most details in GSTR-2 would be auto-populated by the system. In addition, taxpayers are also required to declare details of all tax to be paid on reverse charge basis, import of goods or services, debit and credit notes and supplies received from persons not registered under GST and composition suppliers.

GSTR-4 Composition Suppliers

In this return the taxpayer is only required to indicate the total value of supply made during the period of return and the tax paid at the compounding rate along with the details of payment of tax in the return. The compounding taxpayer will also need to declare invoice-level purchase information (auto-drafted from supply invoice information uploaded by counter-party taxpayers) for the purchases from normal taxpayers. The Compounding taxpayer will also be required to submit details of the goods and services imported from outside India.The Compounding taxpayers would be allowed to export supplies outside India

Know more about GST Registration

We have compiled additional material for GST in our blogs to help you become GST ready. Check out the following articles to know more

Who Needs GST Registration?

Taxable Person under GST Taxable person under GST is anyone who is registered under GST or required to be registered under GST. Various criterias like turnover, business activity or transaction have been specified in GST Act, which details persons

Online GST Registration Guide

All persons who are required to collect GST or a person required to collect Tax at Source or a person providing online information and data base access or retrieval services OIDAR Service from a place outside India to a non-taxable online

Casual Taxable Persons – GST Registration

Casual taxable persons have been provided special treatment under GST. The GST Act defines as casual taxable person as a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance