GST O li R t Fili F i I di f GST Online Return Filing Forms in India from GSTR - 1 to 8

As the GST Bill is about to come into action bythe next year, the government of India is takingnecessary steps to make sure that the GSTregime works fine. The Government willintroduce eight forms namely GSTR-1 to GSTR-8that will be required to file the GST Tax returnsin India. These forms will be collectively used totake the assesses details and offer multipleoptions to file online return.

RETURNS (SEC. 27 & 30)

GSTR‐1 Outward Supplies  

• 10th of next month

• 15th of next month

GSTR‐2 Inward Supplies  

• 15th of next month

GSTR‐3 Summary return for all taxable persons except specified herein under

• 20th of next month

y p p p

GSTR‐4 Composition Person

• 18th of next month following end of quarter

GSTR-5 Periodic return by non-resident foreign taxpayer

• Last day of registration

• 13th of next month

GSTR-6 Input Service Distributor

10th f t th

GSTR-7 Tax Deductor

• 10th of next month

GSTR-8 Annual Return

• 31st December following F.Y.

• 3 months from date of cancellation or order of cancellation whicheveri l ( i l d ll i f l d f

Final return

is later (to include all transactions from last return to date of cancellation)

GSTR-1 (Sales Register)

This is a sales register of goods and services, here we can enter thedetails data of sales. If a persons sells his goods and services to aregister person within the state in that case he is liable to charge CGSTand SGST on the transaction. At the same point of time if the person sellshis goods and services to other state he is liable for IGST charge on him.

H f h t ti it i i t t t l if th d i Here of each transaction it is important to classify the goods or serviceswith his SAC or HSN code because these codes will identify the nature ofthe transaction.

Again for avoidance of the black money or hawala transaction in GSTreturns, there is a need to identify some important transaction like interstate transaction worth Rs 250000/ or morestate transaction worth Rs. 250000/- or more.

Due date of filling the return is 10th of the next month.

GSTR- 2 (Purchase Register)

This is a comprehensive purchase register. Here we can enter the data ofboth purchase of service and goods.

In GSTR-2 the data of the goods purchase from register dealer includingdebit/credit note will automatically populated as the respective dealersupload there sales register on due date Due to this we can match ourupload there sales register on due date. Due to this we can match ourpurchases against the sales register and the impact of this in currentscenario where tax credit mismatch is hard to match and a time takingprocess in GST there we will check our data as per seller return soprocess, in GST there we will check our data as per seller return somismatch issue resolve will solve easily.

As well as here we will amend our purchase bill too as we received in As well as here we will amend our purchase bill too as we received inearlier periods.

Here a separate details information will be required for input service Here a separate details information will be required for input servicedistributors.

Due date of filling the return is 15th of the next month. But we can uploadg pour data on daily, fortnight, weekly too. Soon the last date of return filingthe workload should be lesser than before.

GSTR-3 (Monthly Return Form)GSTR-3 (Monthly Return Form)

Now the time taking process of return filling is over now. In GST returnmaximum data of this return is auto populated from purchase and sales

i t O l dj t t t i d h ll i f ti ill t ftregisters. Only adjustment entries and challan information will enter afterthese entries.

Here cash ledger (tax deposit in cash and TDS/ TCS) will made separatelyfor CGST, SGST and IGST.

Due date of filling the return is 20th of the next month.

GSTR 4 (Quarterly return for compounding GSTR-4 (Quarterly return for compounding dealers)

This return is a quarterly return filled by the compounding dealer (as perdraft GST law the assesses whose turnover is less than Rs. 50 lacs andthere is no interstate transaction ) is liable to file return on and before18th of the month after the quarter.

In this return, data will be automatically populated after filing of GSTR-1.

D d t f filli th t i 18th f t th f ll i d f Due date of filling the return is 18th of next month following end ofquarter.

GSTR 5 (R t fil b th N R id t)GSTR-5 (Return file by the Non-Resident)

This will be a monthly return filed by the non –resident within 18th day afterend of the month and within the 7 days after expiry of registration.

In this return HSN/SAC code should be mention because these are classifythethetransaction as a sales and purchase of goods and services.

Due date of filling the return is Last day of registration.

GSTR-6 (Return for Input Service Distributor)GSTR-6 (Return for Input Service Distributor)

This return will be filed by the Input Service Distributors within 15 daysafter end of the month.

In this return form input service distribution ledger will be maintained. Inthis ledger credit of CGST, SGST, IGST will maintain separately of eachtax amount.

GSTR 7 (TDS Return)GSTR-7 (TDS Return)

Tax deductor will be liable to file this TDS return within the 10 days afterend of the month.

This return form is almost similar to TDS return of income tax (26Q/24Qetc) as in this return deductee information and transaction information ismention with the related challan in which the TDS amount is paid tod t tdepartment.

GSTR 8 (Annual Return)GSTR-8 (Annual Return)

This return form will be filed on or before 31st December of the nextfinancial year.

In this return the total annual returns information will be matched by thedepartment with the monthly /quarterly return filled by the assessee.p y q y y

In this return auditors information will submitted.

In this return all the transaction will bifurcated within goods and services.hi bif i h ld b h i h h HSN/SAC d i b hThis bifurcation should be match with the HSN/SAC code given by the

assessee in his monthly/ quarterly return.

THANK YOU

AJMERA AND AJMERACHARTERED ACCOUNTANTS

MUMBAI GULABPURA( BHILWARA) DELHI (NCR)

Website: www.ajmeraandajmera.co.in