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GST RETURNS

  • March 31, 2024
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Every registered person should be filing the returns under GST.

If tax payer belongs to annual aggregate turnover is > ₹ 5 crore.
Monthly Filings   -GSTR 1
                                -GSTR 3B
Annual Filings     -GSTR 9
                                -GSTR 9C (Self certified Reconciliation statement)

 If taxpayer belongs to annual aggregate turnover is <= ₹ 5 crore. He eligible to opt to QRMP Scheme

Monthly Filings     -IFF [Invoice Furnishing Facility] (Optional)
Quarterly Filings  – GSTR 1
                                  – GSTR 3B
Annual Filings       – GSTR 9

Note:

 

QRMP holders – Deposits amount on monthly basis
                           – Payment tax on quarterly basis
– File returns on quarterly basis

 

 Composition Dealer:

Annual Filings -GSTR 4
                           -GSTR9A
Quarterly filing- CMP-08 (Statement – cum – challan) 

GSTR 1 – Filing
Every taxable person including CTP

Excludes:
Input Service Distributor (ISD)
NRTP
Composition Dealer
Person who deducts TDS
Person who collects TCS
Supplier of OIDAR

Due Date:
Can file b/w 1st -10th of succeeding month
Due date is 11th of succeeding month – Monthly
                     13th of succeeding month –  Quarterly

Indication of HSN Details:
Annual turnover of Previous Financial Year Digits of HSN <= ₹ 5 cr B2B-4 digits B2C-4 digits (Optional) >₹ 5 cr 6 digits

Note: 1. Normal Scheme —> Convert—> Composition Scheme. For Prior period of Composition Scheme — Last Date of Filing Return Next Year September Return Or Relevant Year Annual Return – Whichever is earlier
2. Composition Scheme –> Convert –> Normal Scheme For prior period of Normal Scheme — Last Date of Filing Return
On Due date of respective Return

First Return: Supplies from the date of liable to registered – File on Due date of Return.

Rectification of Errors: * Revised Return Not Allowed * Due date: Next Financial Year September Return u/s 39 Or Relevant Financial Year Annual Return Filing Date – Whichever is earlier

Note: Any person can opt for QRMP from 1st day of 2nd month of preceding quarter to last day of 1st month of quarter for which option is exercised.