Hey knowledge seekers, welcome back to thakurani. You already know that under any tax that is imposed on your business you have to file returns. Dont worry, even if you dont know here we are to explain you in simple english what are returns and why we need to file it. Lets take an example of vat. In a state say delhi, if you are registered under vat you have to file vat returns on a periodical basis. For instance, you have to pay vat and cst by 21st of the next month. Similarly, you have to file Dvat return by 25th of next month.
So, basically returns are a periodic information report that are sent to the various government authorities furnishing them details belonging to a particular period.
In same way under the current indirect tax system, various types of returns are filed under various tax regime. For example- excise dealers are required to file ER-1 excise return under excise.
After introduction of GST, persons registered under GST will be required to file various returns.
Here we have tried to explain in below table in a summarised form types and due date of returns to be filed by regular dealer i.e., a taxable person other than a input service distributor, non-resident, casual taxable person and a person registered under composition scheme.
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. |