GST Returns are periodic filings that every registered person must submit declaring details of sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax).
Types of GST Returns
| Return | Purpose | Frequency | Due Date |
|---|---|---|---|
| GSTR-1 | Outward supplies (Sales) | Monthly/Quarterly | 11th/13th of next month |
| GSTR-3B | Summary return with tax payment | Monthly/Quarterly | 20th-24th of next month |
| GSTR-4 | Composition scheme | Annual | 30th April |
| GSTR-5 | Non-resident taxable person | Monthly | 20th of next month |
| GSTR-6 | Input Service Distributor | Monthly | 13th of next month |
| GSTR-7 | TDS under GST | Monthly | 10th of next month |
| GSTR-8 | TCS by e-commerce operators | Monthly | 10th of next month |
| GSTR-9 | Annual return | Annual | 31st December |
| GSTR-9C | Reconciliation statement | Annual | 31st December |
QRMP Scheme
Quarterly Return Monthly Payment (QRMP) scheme is available for taxpayers with turnover up to Rs. 5 crores:
- File GSTR-1 and GSTR-3B quarterly
- Pay tax monthly using PMT-06 challan
- IFF (Invoice Furnishing Facility) for B2B invoices
Late Fees
| Return | Late Fee (CGST+SGST) |
|---|---|
| GSTR-1 (Nil) | Rs. 20 per day (max Rs. 500) |
| GSTR-1 (Other) | Rs. 50 per day (max Rs. 2,000) |
| GSTR-3B (Nil) | Rs. 20 per day (max Rs. 500) |
| GSTR-3B (Other) | Rs. 50 per day (max Rs. 2,000) |
| GSTR-9 | Rs. 200 per day (max 0.25% of turnover) |
Interest on Late Payment
Interest at 18% p.a. is charged on tax paid late (from due date to date of payment).