GST return filing
GST return filing is the monthly or quarterly report of supplies and the tax paid on them. Company Suggestion prepares GSTR-1 and GSTR-3B for a regular dealer, and CMP-08 with GSTR-4 for a composition dealer.
Which return does a regular dealer file?
A regular registered person files two returns. GSTR-1 reports outward supplies, invoice by invoice for B2B supplies. GSTR-3B is the summary on which the tax is paid. GSTR-2 is not filed. The inward statement used for credit is GSTR-2B.
| Form | Who files it | Due date |
|---|---|---|
| GSTR-1 | Regular, monthly | 11th of the next month |
| GSTR-3B | Regular, monthly | 20th of the next month |
| GSTR-1 | QRMP | 13th of the month after the quarter |
| GSTR-3B | QRMP | 22nd or 24th, as notified for the state |
| CMP-08 | Composition | 18th of the month after the quarter |
| GSTR-4 | Composition, annual | 30 April of the next financial year |
An input service distributor, a casual taxable person, a non-resident, and a person who only deducts or collects tax at source file their own forms, not this pair.
Who files quarterly instead?
The Quarterly Return Monthly Payment scheme is open when aggregate turnover in the preceding financial year is up to ₹5 crore. The dealer files GSTR-1 and GSTR-3B once a quarter. Tax for the first two months of the quarter is paid through a challan.
For those two months the dealer may also upload B2B invoices in the invoice furnishing facility, by the 13th. That upload is optional. It lets the buyer see the invoice in GSTR-2B before the quarter ends.
What does a composition dealer file?
A composition dealer does not file GSTR-1 or GSTR-3B. Tax is paid each quarter in CMP-08, by the 18th of the following month. The annual statement is GSTR-4, due on 30 April of the next financial year. GSTR-4 is not a quarterly return.
The scheme is for a supplier whose turnover stays within the composition limit, generally ₹1.5 crore for goods and ₹50 lakh for the service option. A composition dealer issues a bill of supply and cannot collect tax on the invoice.
What are the filing steps?
Company Suggestion files the period in four steps.
- Sales invoices and the GSTR-2B credit are taken for that month or quarter.
- GSTR-1 is prepared and filed. Under QRMP this is once a quarter.
- GSTR-3B is filed and the tax is paid by the due date. A composition dealer uses CMP-08 instead.
- The annual return is planned once the year’s GSTR-1 and GSTR-3B are in.
Frequently asked questions
4 questions cover the rules that decide this registration.
What is the due date of GSTR-3B?
A monthly filer files GSTR-3B by the 20th of the next month. Under QRMP the date is the 22nd or the 24th of the month after the quarter, as notified for that state.
Is GSTR-2 still filed?
No. GSTR-2 is not filed. Inward supplies for credit are read from GSTR-2B, and the tax is paid in GSTR-3B.
What is the late fee for a GST return?
Section 47 sets a late fee, and notifications have capped it. A nil return is capped at ₹500. A return with supplies is capped at ₹2,000, ₹5,000 or ₹10,000 according to the preceding year’s turnover. Interest under section 50 is charged separately on tax paid after the due date.
Who files the annual return?
A regular dealer files GSTR-9 by 31 December of the next financial year, unless that year’s notification exempts a turnover up to ₹2 crore. The annual return is a separate filing from GSTR-1 and GSTR-3B.