Video Transcription

Let us understand the different return forms and the due dates for filing returns under GST. 

GST will entail filing monthly, quarterly as well as annual filing of returns. Businesses will now have to file as many as 37 returns annually.

Returns under GST need to be compulsorily filed electronically.

The different forms and related due dates to file returns under GST as follows:

  • Registered dealers need to file returns in the following forms
  • GSTR 1 on the 10th of the succeeding month for outward supplies.
  • GSTR 2 on the 15th of the succeeding month based on Form GST R-2A which is auto populated.
  • Form GSTR 3 on the 20th of succeeding month which would be the monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.
  • Composite taxpayers need to file returns in the following forms.
  • Form GSTR 4A on a quarterly basis for inward supplies made available to the recipient registered under composition scheme basis Form GSTR-1 furnished by the supplier.
  • Form GSTR 4 on a quarterly basis on the 18th of the succeeding month for outward supply of goods and services. This includes auto-populated details from Form GSTR-4A, tax payable and payment of tax.
  • Form GSTR-9 annually on 31st of Dec of the succeeding financial year furnishing consolidated details of quarterly returns filed along with tax payment details for both registered and composite taxpayers.
  • It may be noted that the Government has extended the date of filing of GST returns for months of July 2017 and August 2017. The details return for first 2 months will be required to filed in the month of September 2017.

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