Types of GST returns

Here’s all about the types of GST returns that assessees need to file

Amidst the confusion soaring within the nation regarding the norms on GST, one such delusion among the assessees is as to which GST return are they liable to furnish. Previously the assessees needed to furnish the returns under the taxation regime in which they were registered, like Service Tax, VAT, Excise, Custom, etc. But now since GST has replaced all such indirect taxes, there are separate set of returns which need to be furnished. The GST council as set by the government of India has several returns each of which has its own criteria in order to be filed. Let’s have a brief look over the types of GST returns which can be filed:

Types of GST returns

  1. GSTR 1

This GST return has to be filed be every taxable person. This return would contain “Details of Outward Supplies”. GSTR-1 has to be filed on 10th of Next Month

  1. GSTR 2

This GST return also has to be filed be every taxable person. GSTR-2 would contain “Details of Inward Supplies” and it has to be filed on 15th of Next Month

  1. GSTR 3

Again this return has to be filed by every registered business and this return would contain details of Inward and Outward Supply and apart from this, the payment of GST has to be done in GSTR-3. This return has to be filed on 20th of Next Month.

  1. GSTR 4

This return is for the dealers who have got themselves registered for Composition scheme. Such composite dealers need to furnish GSTR-4 till 18th of next month from the Quarter end

  1. GSTR 5

GSTR-5 needs to be filed by every registered non-resident taxable person. He needs to furnish this return electronically through common GST portal. Such non-resident person has to furnish this return up to 20th of Next Month.

  1. GSTR 6

This return is to be furnished by the assessees who have registered themselves as Input Service Distributors. GSTR-6 shall contain the information regarding tax invoices on which credit has not only been availed but also received. This return should be filed upto 13th of Next Month

  1. GSTR 7

GSTR-7 has to be filed by every registered taxable person who is responsible to deduct TDS under section 37 under GST regime. This return has to be submitted till 10th of Next Month

  1. GSTR 8

This return has to be furnished by every E commerce operator who is responsible for collecting Tax at Source under GST. GSTR-8 can be filed up to 10th of Next Month

  1. GSTR 9

GSTR-9 is to be furnished by each and every taxable person. Annual return will be filed in GSTR-9 and it has to be submitted till 31st December of Next F.Y.

So, these are the GST returns which have to be filed timely. We have provided you with the details regarding the types of GST returns and who needs to file them and till when these returns are to be furnished. So, make sure that you do comply with the norms of GST and ensure timely filing of the above mentioned GST returns.

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