GST Filing

There are some documents that are very necessary for GST registration & some criteria which must be followed for the registration.

Who should file GST Return?

A person having a valid GSTIN has to compulsorily file the GST returns.

In the cases of Special states, the limit for the annual turnover is Rs.10 lakh.

A person whose annual turnover is crossing Rs. 20 lakh has to obtain a GST registration and file the GST returns mandatorily.

Types of GST Returns

GSTR 1	Details of the outward supplies of the taxable goods and or services	Monthly Quarterly (If opted under the QRMP scheme)
GSTR 3B	Simple returns in which a summary of the outward supplies along with the input tax credit that is declared and the payment of the tax is affected by the taxpayer.	Monthly Quarterly
CMP08	Statement cum challan to make a tax payment by a taxpayer registered under the composition scheme under Section 10 of the CGST Act.	Quarterly
GSTR 4	Returns to be filed by the taxpayer that is registered under the composition scheme under Section 10 of the CGST Act	Annually
GSTR 5	Returns to be filed by a Non-resident taxable person	Monthly
GSTR 6	To be filed by the input service distributor to distribute the eligible input tax credit	Monthly
GSTR 7	Is filed by the government authorities	Monthly
GSTR 8	Details of supplies that are affected through the e-commerce operators and the amount of tax that is collected at the source by them.	Monthly
GSTR 9	Annual return for a normal taxpayer	Annually
GSTR 9C	Certified reconciliation statement	Annually
GSTR 10	Is filed by the taxpayer whose GST registration is canceled	Once the GST registration is canceled or surrendered
GSTR 11	Details of the inward supplies are furnished by a person who has UIN and also claims a refund.	Monthly

Due dates for filing the GST returns

GSTR 1

The 10th to 13th of Subsequent of that month

GSTR 3B

The 20th to 24th of that subsequent month

CMP 08

18th of the month succeeding the quarter of the specific fiscal year

GSTR 4

18th of the month succeeding the quarter

GSTR 5

20th of the subsequent month

GSTR 6

13th of the subsequent month

GSTR 7

10th of the subsequent month

GSTR 8

10th of the subsequent month

GSTR 9

31st December of the Fiscal year

GSTR 10

Within 3 months of the date of cancellation or the date of cancellation order whichever is earlier

GSTR 11

28th of the month that is following the month for which the statement was filed

Penalty for late filing of GST Returns

A penalty will be levied on the taxpayer in case he/she fails to file the returns on time. As per the GST Law, the late fee is Rs.50 each day for each Central Goods and Services Tax (CGST) and State Goods and Services Tax (SGST). Thus, the total fine amount will be Rs.100 per day. However, this rate is subject to changes which will be announced through notifications. The maximum amount of fine that can be levied is Rs.1000. Integrated GST or IGST does not attract any late fee in case the return filing is delayed. The taxpayer will also be required to pay interest at the rate of 18% p.a. in addition to the late fee. This interest has to be calculated by the taxpayer on the amount of tax that is to be paid.

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