The basic meaning of “GST Return Filing” is “maintaining financial accounts”. Bookkeeping and GST Return Filing can be divided into several fields including financial GST Return Filing, managing general GST Return Filing, professional GST Return Filing, chartered accountant, auditing, tax GST Return Filing and cost GST Return Filing.

The taxpayers intimate the Goods and Service Tax Network (GSTN) about the inflow and outflow of supplies including the amount of tax paid and collected. While recording the taxable transactions with Government, the taxpayer is also required to pay the amount of tax collected from an outward supplier of goods or services after the deduction of Input Tax Credit (ITC).

What are the different forms of Gst Return and Gst Return filing Due date?

Form	Purposes	Due date
GSTR-1	Taxable suppliers to file outward supplies	Monthly - 11th of next month Quarterly -  Last date of every month that succeeds the quarter
GSTR-2	Taxable recipients to file inward supplies to claim input tax credit	15th of next month
GSTR-3B	To file monthly return based on finalisation of outward and inward supplies along with tax payment.	20th of next month
GSTR-4	Composite suppliers to file quarterly return	18th of next month
GSTR-5	NRI Taxable Persons	20th of next month
GSTR-6	Input service distributers	13th of next month
GSTR-7	Persons deducted TDS	10th of next month
GSTR-8	Tax collectors and e-commerce operators	10th of next month
GSTR-9	Taxable individual to file annual return	31st December of next year
GSTR-10	Taxable persons whose Gst registration is cancelled/surrender to file final return	Within 3 months of cancellation of order
GSTR-11	Persons with UIN refund to file file inward supplies details	28th of the month following the month for a statement was filed

Following are the gst form and Gst return filing due date:-

What are the details to be provided in Gst Returns?

GSTR-1
Suppliers must validate the auto-generated purchase information of their outward supply of goods and services. The form contains the following details.

• Name of business, period for which tax is being filed, and GST identification number (GSTIN).
• Invoices and tax collection form previous month.
• Advances received in favour of supplies.
• Revision in previous month’s sales invoices.

GSTR-2
Taxable recipients have to provide the following detail in this form during their GST filing.

• Name of business, period for which tax is being filed, and GSTIN.
• Invoices and collected tax in the previous month.
• Advances received for order to be delivered in the future.
• Revision of previous month’s sales and invoices.

GSTR-3
Taxpayers filing this form already have their details electronically updated along with forms GSTR-1 and 2. Taxpayers must check and verify the above forms as and when necessary, and also provide the following details.

• Input tax credit, liability, and cash ledger details.
• CGST, SGST and IGST tax payment details.
• Excess payment repay claim or credit request.

GSTR-4
Businesses with a turnover up to Rs.75 lakh can opt for Composition Scheme and go for GST filing with GSTR-4 form. They pay tax at fixed rates based on their business type. While they do not have a tax credit facility, they must also provide the following details.

• Total value of supply during return period.
• Tax payment details.
• Purchase information like invoices.

GSTR-5
NRIs must provide the following information while filing this form.

• Taxpayer’s name and address accompanied with return period and GSTIN.
• Details of both outgoing and incoming supplies.
• Import details accompanied with amendments of previous returns.
• Service importing details along with amendments in the previous service.
• Refunds from cash ledger, credit and debit details, closing stock, etc.

GSTR-6
Input Service Distributors must provide the following details when they are completing their GST filing process.

• Taxpayer’s name and address detail, return period, and GSTIN.
• Input credit distribution details.
• Details on the supplies received from registered suppliers.
• Input credit amount in their present tax period.
• Input credit receiver detail.
• Credit and debit note details.
• Tax credit that has been received, reverted, and distributed under CGST, SGST, and IGST.

GSTR-7
Taxpayers who have deducted tax at source must provide the following details in their form. The TDS liability is generated automatically. The Electronic Cash Ledger refunds will be auto-generated.

• Address details of taxpayers to accompany their name and GSTIN along with the return period.
• TDS amount, contract detail, and necessary amendments.
• Late filing fee and interest.

GSTR-8
E-commerce operators must provide the following details in their GST filing with form GSTR-8.

• Personal details like name and address accompanied with return period and GSTIN.
• Supply details of payments to registered individuals and necessary amendments to the previous tax payments.
• Supply details to unregistered individuals.
• TDS details.
• Late filing details and delayed payment interest, accompanied by auto-populated tax liability.

GSTR-9
Filed by normal taxpayers, it contains both income and expenditure details. It is compiled and assorted with monthly returns. Filing this must accompany audited copies of annual accounts, and taxpayers can amend the previous return filings if necessary.
GSTR-10
To be filed on cancellation of GST, taxpayers must provide the following details while their GST filing with this form.

• ARN or Application Reference Number.
• GST registration cancellation date.
• Cancellation order ID.
• Cancellation order date.
• Closing stock details and payable tax.

GSTR-11
Every individual registered under GST with their UIN (Unique Identity Number) must file this form. This is used to claim a refund of excess taxes paid in inward supplies. UIN should be accompanied by the return period and name of the government body. Auto-generated inward supplies from suppliers who are registered under GST.

Penalty

If GST returns are not filed within the specified time limits, you will be liable to pay interest and a late fee. Interest is charged at 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment.

The Late fee includes Rs. 100 per day per Act; concurrently, it is Rs. 100 under CGST & Rs. 100 under SGST, which amounts to Rs. 200 per day. The maximum amount will be Rs. 5000. (Not applicable to the Integrated Goods and Services Act).

What are the Steps To File Gst Return?

• Step 1: Register for GSTIN.
• Step 2: Log in to the GST portal.
• Step 3: Returns dashboard.
• Step 4: Select Forms
• Step 5: Prepare online.
• Step 6: Enter details.
• Step 7: Check submission status.
• Step 8: Tax payment.
• Step 9: Offset liability.