Compliance with Returns

Compliance with Returns

Under the current indirect tax regime, a taxpayer is obligated to file multiple returns under various statutes which could be manual/online filing. Reporting the same transaction repeatedly in varying formats to multiple authorities has only proven to be cumbersome to the tax payers.

In a move towards Ease of Doing Business, GST regime is knocking out the multiplicity of return compliance and moving towards paperless tax compliance. Returns under GST envisage that tax payers will freeze the actual credit eligibility and impending tax liability after due co-ordination between the customers and vendors respectively.

List of returns to be filed under GST regime:

  • Regular Dealer

    Form Type
    Frequency
    Due Date
    Details to be Furnished
    Form GSTR-1
    Monthly 10th?of succeeding month Furnish details of outward supplies of taxable goods and/or services affected
    Form GSTR-2A
    Monthly On 11th?of succeeding Month Auto-populated details of inward supplies made available to the recipient on the basis of?Form GSTR-1?furnished by the supplier
    Form GSTR-2
    Monthly 15th?of succeeding month Details of inward supplies of taxable goods and/or services for claiming input tax credit. Addition (Claims)?or modification in?Form GSTR-2A?should be submitted in?Form GSTR-2.
    Form GSTR-1A
    Monthly 20th?of succeeding month Details of outward supplies as added, corrected or deleted by the recipient? in?Form GSTR-2?will be made available to supplier
    Form GSTR-3
    Monthly 20th?of succeeding month Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax
    Form GST ITC-1
    Monthly ? Communication of acceptance, discrepancy or duplication of input tax credit claim
    Form GSTR-3A
    ? ? Notice to a registered taxable person who fails to furnish return under section 27 and section 31
    Form GSTR-9
    Annually 31st?Dec of next fiscal Annual Return ? furnish the details of ITC availed and GST paid which includes local, interstate and import/exports.

  • Composite Tax Payer

    Return Type
    Frequency
    Due Date
    Details to be Furnished
    Form GSTR-4A
    Quarterly ? Details of inward supplies made available to the recipient registered under composition scheme on the basis of?Form GSTR-1?furnished by the supplier
    Form GSTR-4
    Quarterly 18th?of succeeding month Furnish all outward supply of goods and services. This includes auto-populated details from?Form GSTR-4A, tax payable and payment of tax.
    Form GSTR-9A
    Annual 31st?Dec of next fiscal Furnish the consolidated details of quarterly returns filed along with tax payment details.

  • Foreign Non-Resident Taxpayer

    Return Type
    Frequency
    Due Date
    Details to be Furnished
    Form GSTR-5
    Monthly 20th?of succeeding month or within 7 days after the expiry of registration Furnish details of imports, outward supplies, ITC availed, tax paid, and closing stock

  • Input Service Distributor

    Return Type
    Frequency
    Due Date
    Details to be Furnished
    Form GSTR-6A
    Monthly 0n 11th??of succeeding month Details of inward supplies made available to the ISD recipient on the basis of?Form GSTR-1?furnished by the supplier
    Form GSTR-6
    Monthly 13th?of succeeding month Furnish the details of input credit distributed

  • Tax Deductor

    Return Type
    Frequency
    Due Date
    Details to be Furnished
    Form GSTR-7
    Monthly 10th?of succeeding month Furnish the details of TDS deducted
    Form GSTR-7A
    Monthly TDS certificate to be made available for download TDS Certificate ? capture details of value on which TDS is deducted and deposit on TDS deducted into appropriate Govt.

  • E-Commerce

    Return Type
    Frequency
    Due Date
    Details to be furnished
    Form GSTR-8
    Monthly 10th?of succeeding month Details of supplies effected through e-commerce operator and the amount of tax collected on supplies

  • Aggregate Turnover Exceeds 1 crore

    Return Type
    Frequency
    Due Date
    Details to be furnished
    Form GSTR-9B
    Annually Annual, 31st Dec of next fiscal Reconciliation Statement ? audited annual accounts and a reconciliation statement, duly certified.

  • Final return

    For taxable person whose registration has been surrendered or cancelled

    Return Type
    Frequency
    Due Date
    Details to be furnished
    Form GSTR-10
    Monthly Within 3 months of cancellation of registration Furnish details of inputs and capital goods held, tax paid and payable.

  • Government Departments and United Nation Bodies

    Return Type
    Frequency
    Due Date
    Details to be furnished
    Form GSTR-11
    Monthly 28th?of succeeding month Details of inward supplies to be furnished by a person having UIN