GST and Type of GST Returns
GST & TYPES OF GST RETURNS
GST return is a document that will contain all the details of your sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax). Once you file GST returns, you will need to pay the resulting tax liability (money that you owe the government).
Who should file GST return?
All business owners and dealers who have registered under the GST system must file GST returns according to the nature of their business or transactions.
Types of GST returns :
- Regular Businesses –
- GSTR1
- GSTR2
- GSTR3
- GSTR3B
- GSTR9
- GSTR9C
- Businesses registered under the composition scheme –
- GSTR4
- GSTR9A
- Other types of business owners and dealers –
GST forms |
Who can filed |
Due dates |
GSTR-5 |
A non-resident taxable person is required to file monthly return in for GSTR-5 |
1. Within 20 days after the end of the calendar month or 2. Within 7 days after the last date of validity of the registration |
GSTR-6 |
GSTR-6 is a monthly return that an Input Service Distributor files every calendar month. |
Filed on the 13th day of the month succeeding the month for which tax is to be paid |
GSTR-7 |
GSTR-7 is a monthly return filed by the deductors who are required to deduct TDS under GST. |
Filed by the deductors within 10 days after the end of the month in which the deduction was made |
GSTR-8 |
GSTR-8 is a monthly return filed by every e-commerce operator who is required to deduct TCS under GST |
Filed on the 13th day of the month succeeding the month for which TCS to be collected |
GSTR-9B |
Every e-commerce operator require to collect tax at source under section 52 shall furnish annual statement in FORM GSTR-9B |
Taxpayers are required to filed GSTR-9B on or before 31st December following the close of the financial year |
GSTR-10 |
Filed by the registered person whose GST registration gets cancelled |
1. 3 months from the date of cancellation 2. Date of order of cancellation |
GSTR-11 |
Filed by the person who has been allotted a unique identification number (UIN) |
28th of the month in which inward supplies are received by the UIN holders |
- Amendments –
- GSTR1A
- Auto-drafted returns –
- GSTR2A
- GSTR4A
- Tax Notice –
- GSTR3A
OFFENSES AND PENALTIES:
OFFENCES:
There are 21 offenses under GST. The offenses under GST are :
- FAKE/WRONG INVOICES
- Supply goods/services without any invoices or issues a false invoice
- Issues any invoice or bill without supply of goods/services in infringement of the provision of GST
- Issues invoices using the identification number of another authentic taxable person
- TAX EVASION
- Collects any GST but not submit it to the government within 3 months
- Even if he collects GST in infringement of provisions, he still has to deposit it to government within 3 months, Failure to do so will be an offence under GST
- Obtains refund of any CGST/SGST by fraud
- Takes or utilized ITC without actual receipt of goods or services
- He deliberately suppresses his sales to evade tax
- SUPPLY/TRANSPORT OF GOODS
- Transport goods without proper documents
- Supplies/transports goods which he knows will be confiscated
- Destroys/tampers goods which have been seized
- FRAUD
- Does not provide information/gives false information during proceedings
- Submits false information while registering under GST
- Submits fake financial records/documents or files fake returns to evade tax
- OTHERS
- Not registered under GST although he is required to by law
- Not deduct TDS or deducts less amount where applicable
- Not collect TCS or collects less amount where applicable
- Being an Input Service Distributor, he takes or distributes input tax credit in violation of the rules
- He obstructs the proper officer during his duty (for example, he hinders the officer during the audit by tax authorities
- He does not maintain all the books that he required to maintain by law
- He destroys any evidence
PENALTY :
If any of the offenses are committed then a penalty will have to paid under GST. The principal on which these penalties are based on also mentioned by law.
FOR LATE FILING:
The late fees is Rs. 100 per day per Act. So it is 100 under CGST and 100 under SGST. Total will be 200 per day. The maximum is Rs. 5000. There is no late fee on IGST in case of delayed filing.
Along with late fee, Interest has to be paid at 18% per annum. It has to be calculated by the taxpayer on the tax to be paid. The time period will be from the next day of filing to the date of payment.
FOR NOT FILING:
If you don’t file any GST return then subsequent return cannot be filed.
For example : if GSTR-2 return of July is not filed then the next return GSTR-3 and subsequent returns of August cannot be filed. Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.
FOR 21 OFFENSES WITH NO INTENTION OF FRAUD OR TAX EVASION :
An offender not paying tax or making short payments must pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10000.
FOR 21 OFFENSES WITH INTENTIONALLY OF FRAUD OR TAX EVASION :
An offender has to pay a penalty amount of tax /short deducted etc., i.e., 100% penalty, subject to minimum of Rs. 10000.
Additional penalties as follows:
Tax amount involved |
100-200 lakhs |
200-500 lakhs |
Above 500 lakhs |
Jail term |
Up to 1 year |
Up to 3 years |
Up to 5 years |
Fine |
In all three cases |
GST RETURN FILING DUE DATES IIN NOVEMBER 2020 :
The Government announces GST return filing due dates from time to time in order to maintain taxation in line with respective clearance.
As GSTR-1 & GSTR-3B is to be filed every month, there is a greater need of getting regular updates /notifications based on the GST due dates calendar for avoiding any interest and penalty. Also, there is GST CMP 08 for the composition scheme dealers but it has to be filed every quarter lowering down the need for regular updates on GST due date filing calendar.
GST Return form name |
Filing Period |
Due Dates in November 2020 |
GSTR-07 |
Monthly (October 2020) |
10th November |
GSTR-08 |
Monthly (October 2020) |
10th November |
GSTR-01 (T.O. more than 1.5 crore) |
Monthly (October 2020) |
11th November |
GSTR-06 |
Monthly (October 2020) |
13th November |
GSTR-3B |
Annual turnover of more than INR 5 cr in Previous FY – October 2020 |
20th November |
GSTR-05 |
Monthly (October 2020) |
20th November |
GSTR-05A |
Monthly (October 2020) |
20th November |
GSTR-3B |
Annual turnover of upto INR 5 cr in Previous FY – October 2020 (Group A: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep) |
22nd November 2020 |
GSTR-3B |
Annual turnover of upto INR 5 cr in Previous FY – October 2020 (Group B: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi) |
24th November 2020 |
GSTR-9, 9A & 9C |
FY 2018-19 |
31st December 2020 I “The due dates are extended of filing GSTR 9/9A/9C till 31/12/2020 |
GSTR-01 (T.O. up to 1.5 crore) |
Quarterly (October-December 2020) |
13th January 2021 |
NOTE :
- “Extension of due dates for FORM GSTR-3B, GSTR-7 and GSTR-1 for the month of July 2019 to January 2020 till 24th March 2020 for registered person having principal place of business in the Union territory of Ladakh.”
- The revised due dates and above announcements have been implemented under official CBEC GST notification & latest GST circulars/order by Govt CBIC Department.