Full News

Returns under GST for a taxable person.

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.

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.

Similar Ripples

Questions

There is no question

Returns under GST for a taxable person.

Write your Comment

Would you like to edit this news ? Edit

Select Format

You get opportunity to take 30 day Challenge program.

Optional

Advanced

You get opportunity to take 30 day Challenge program.

Optional

Add tags

You get opportunity to take 30 day Challenge program.

Optional

PUBLISH IT

Don't sell
PUBLISH IT
Publish privately
SAVE AS DRAFT

Dont't publish now

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.
<h3>Regular Dealer</h3>
&nbsp;
<table>
<tbody>
<tr>
<td>
Form Type
</td>
<td>
Frequency
</td>
<td>
Due Date
</td>
<td>
Details to be Furnished
</td>
</tr>
<tr>
<td>
Form GSTR-1
</td>
<td>
Monthly
</td>
<td>
10th of succeeding month
</td>
<td>
Furnish details of outward supplies of taxable goods and/or services affected
</td>
</tr>
<tr>
<td>
Form GSTR-2A
</td>
<td>
Monthly
</td>
<td>
On 11th of succeeding Month
</td>
<td>
Auto-populated details of inward supplies made available to the recipient on the basis of Form GSTR-1 furnished by the supplier
</td>
</tr>
<tr>
<td>
Form GSTR-2
</td>
<td>
Monthly
</td>
<td>
15th of succeeding month
</td>
<td>
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.
</td>
</tr>
<tr>
<td>
Form GSTR-1A
</td>
<td>
Monthly
</td>
<td>
20th of succeeding month
</td>
<td>
Details of outward supplies as added, corrected or deleted by the recipient &nbsp;in Form GSTR-2 will be made available to supplier
</td>
</tr>
<tr>
<td>
Form GSTR-3
</td>
<td>
Monthly
</td>
<td>
20th of succeeding month
</td>
<td>
Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax
</td>
</tr>
<tr>
<td>
Form GST ITC-1
</td>
<td>
Monthly
</td>
<td>
&mdash;
</td>
<td>
Communication of acceptance, discrepancy or duplication of input tax credit claim
</td>
</tr>
<tr>
<td>
Form GSTR-3A
</td>
<td>
&mdash;
</td>
<td>
&mdash;
</td>
<td>
Notice to a registered taxable person who fails to furnish return under section 27 and section 31
</td>
</tr>
<tr>
<td>
Form GSTR-9
</td>
<td>
Annually
</td>
<td>
31st Dec of next fiscal
</td>
<td>
Annual Return &ndash; furnish the details of ITC availed and GST paid which includes local, interstate and import/exports.
</td>
</tr>
</tbody>
</table>
&nbsp;

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.
<h3>Regular Dealer</h3>
 
<table>
<tbody>
<tr>
<td>
Form Type
</td>
<td>
Frequency
</td>
<td>
Due Date
</td>
<td>
Details to be Furnished
</td>
</tr>
<tr>
<td>
Form GSTR-1
</td>
<td>
Monthly
</td>
<td>
10th of succeeding month
</td>
<td>
Furnish details of outward supplies of taxable goods and/or services affected
</td>
</tr>
<tr>
<td>
Form GSTR-2A
</td>
<td>
Monthly
</td>
<td>
On 11th of succeeding Month
</td>
<td>
Auto-populated details of inward supplies made available to the recipient on the basis of Form GSTR-1 furnished by the supplier
</td>
</tr>
<tr>
<td>
Form GSTR-2
</td>
<td>
Monthly
</td>
<td>
15th of succeeding month
</td>
<td>
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.
</td>
</tr>
<tr>
<td>
Form GSTR-1A
</td>
<td>
Monthly
</td>
<td>
20th of succeeding month
</td>
<td>
Details of outward supplies as added, corrected or deleted by the recipient  in Form GSTR-2 will be made available to supplier
</td>
</tr>
<tr>
<td>
Form GSTR-3
</td>
<td>
Monthly
</td>
<td>
20th of succeeding month
</td>
<td>
Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax
</td>
</tr>
<tr>
<td>
Form GST ITC-1
</td>
<td>
Monthly
</td>
<td>
—
</td>
<td>
Communication of acceptance, discrepancy or duplication of input tax credit claim
</td>
</tr>
<tr>
<td>
Form GSTR-3A
</td>
<td>
—
</td>
<td>
—
</td>
<td>
Notice to a registered taxable person who fails to furnish return under section 27 and section 31
</td>
</tr>
<tr>
<td>
Form GSTR-9
</td>
<td>
Annually
</td>
<td>
31st Dec of next fiscal
</td>
<td>
Annual Return – furnish the details of ITC availed and GST paid which includes local, interstate and import/exports.
</td>
</tr>
</tbody>
</table>

Hi Thakurani,
I want to withdraw in my Thakurani wallet
Thanks,

Select the reason for validity check

I feel great..the news is still good.please give the reason too..thanks..

Why do you think the News as invalid?” Please mention the reason.

I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,

Write your reason

My Dear ,

Harassing

Spam

Ingenuine

Rotten

Alien

Plagiarism

Unformatted

Full News

Returns under GST for a taxable person.