Goods and Services Tax (GST) Return
Introduction
Every registered person would be required to file various GST returns. These returns are generally used to show sales and purchase details i.e. to pay and claim GST.
Normal taxpayer needs to file two returns monthly (GSTR-1 & GSTR-3B) and one return yearly. Similarly, there are different GST returns for composition scheme, input service distributor, e-commerce operator etc.
Types of GST Return
- GSTR-1 – Details of Outward Supplies of goods or services.
- GSTR-2A/2B – Auto-generated details of inward supplies.
- GSTR-3B – Summary of Outward Supplies and inward supplies.
- GSTR-4 – Return for Composition Dealer.
- GSTR-5 – Return for Non-resident taxable person.
- GSTR-5A – Return for OIDAR Services.
- GSTR-6 – Return for Input Service Distributor.
- GSTR-7 – Return for TDS.
- GSTR-8 – Return for TCS.
- GSTR-9 – Annual return.
- GSTR-9C – Reconciliation Statement.
- GSTR-10 – Final Return.
- GSTR-11 - Details of inward supplies to be furnished by a person having UIN.
GSTR-1 – Details of Outward Supplies of goods or services
In this return, the taxpayer shows sales made to persons registered in GST and not registered GST, export sales, SEZ sales, advances received, and advances adjusted etc. for a given tax period.
Monthly GSTR-1: If the aggregate turnover of a business is more than INR 5 crores, taxpayer is required to file GSTR-1 on monthly basis.
Quarterly GSTR-1: If the aggregate turnover of a business is less than INR 5 crores, taxpayer has the option to file GSTR-1 on quarterly basis under QRMP scheme. In this scheme, taxpayer has the option to furnish details of invoice on monthly basis so that another person can also claim ITC on monthly basis. This facility is called Invoice furnishing facility (IFF).
GSTR-2A/2B – Auto-generated details of inward supplies
This is an auto-generated, read only return which is auto-generated on the basis of the sales shown by respective vendors in their GSTR-1.
GSTR-2A is a dynamic return since it keeps on changing basis the GSTR-1 filed by the vendor.
GSTR-2B is static return and will not change once generated for a given tax period.
GSTR-3B – Summary of Outward Supplies and inward supplies
GSTR-3B is the summary of outward supplies and inward supplies. This is usually prepared basis the sales shown in GSTR-1 & inward supplies reflecting in GSTR-2B. In this, the taxpayer pays the tax to the Government for a tax period and claim GST accordingly.
Monthly GSTR-3B: If the aggregate turnover of a business is more than INR 5 crores, taxpayer is required to file GSTR-1 on monthly basis.
Quarterly GSTR-3B: If the aggregate turnover of a business is less than INR 5 crores, taxpayer has the option to file GSTR-3B on quarterly basis under QRMP scheme.
GSTR-4 – Return for Composition Dealer
This is the yearly return filed by composition dealer. In this, the dealer shows details of, inward supplies, summary of self-assessed liability etc.
GSTR-5 – Return for Non-resident taxable person
This return is filed on a monthly basis by non-resident taxable person. It contains details of import of goods, outward supplies and pay tax accordingly.
GSTR-5A – Return for OIDAR Services
This return is also filed on a monthly basis by a person who is supply OIDAR service. This includes taxable supplies made as OIDAR, supplies made as OIDAR but tax paid by another person under RCM, supplies of online money gaming and pay tax accordingly.
GSTR-6 – Return for Input Service Distributor
In this return, the taxable person shows ITC received and distributed to its units. Basis this, another person can claim ITC.
GSTR-7 – Return for TDS
This return includes TDS deducted for respective vendors and paid to the government accordingly.
GSTR-8 – Return for TCS
This return contains details of supply made through e-commerce operator and TCS collected on that supply and paid to the government.
GSTR-9 – Annual return
This return is filed on yearly basis. It includes details of outward supplies, inward supplies, comparison of ITC with GSTR-2A/GSTR-2B and taxes paid in the full year.
GSTR-9C – Reconciliation Statement
This return is also filed on yearly basis. This return majorly contains two parts; first part belongs comparison between outward suppliers as per books of account and GST returns and another part is ITC as per books of account and GST returns.
GSTR-10 – Final Return
This return is filed once the GST registration of a taxpayer is cancelled. It includes details of stock available on the date of cancellation and tax payable if any.
GSTR-11 - Details of inward supplies to be furnished by a person having UIN
This return is filed by the taxpayers who have been allotted Unique Identity Number (UIN) to claim refund under GST. Details of inward supplies are shown in this return to claim GST refund paid so.