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The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Every taxpayer registered under GST has to file GST returns. These returns are used to calculate the tax liability by the government. GST is an evolving system of taxation and the government keeps updating the rules and regulations around it. So, it is important to stay up-to-date to be able to file your returns correctly. Our GST return filing service helps taxpayers to get it done easily. Our professionals will take care of the filings so you don’t have to worry about keeping up with the due dates and staying GST compliant.
| GST Returns | Purpose |
|---|---|
| GSTR1 | Tax returns for outward supplies are made using this form. It contains the details of the interstate as well as intrastate B2B and B2C sales including purchases under reverse charge and inter-state stock transfers made during the tax period. If Form GSTR-1 is filed late, the late fee will be collected in the next open return in Form GSTR-3B. From 1 January 2022, taxpayers will not be permitted to file Form GSTR-1 if they have not filed Form GSTR-3B in the preceding month. |
| GSTR1A | It is an amendment form used to correct the GSTR-1 document including any mismatches between the GSTR-1 of a taxpayer and the GSTR-2 of their customers. This can be filed between 15 and 17 of the following month. |
| GSTR2 | Monthly GST return for the received inward supplies are filed using this form. It contains taxpayer info, period of return and final invoice-level purchase information related to the tax period listed separately for goods and services. |
| GSTR2A | An auto-generated tax return for purchases and inward supplies made by a taxpayer is automatically compiled by the GSTN based on the information present within the GSTR-1 of their suppliers. |
| GSTR2B | GSTR-2B is an auto-generated document that acts as an Input Tax Credit (ITC) statement for taxpayers. The GST Council states that GSTR-2B will help in cutting down the time taken to file returns, minimise errors, ease reconciliation and simplify compliance. |
| GSTR3 | It is used to file consolidated monthly tax returns. It contains The taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, turnover details, final aggregate-level inward and outward supply details, tax liability under CGST, SGST, IGST, and additional tax (+1% tax), details about your ITC, cash, and liability ledgers, details of other payments such as interests, penalties, and fees. |
| GSTR3A | It is a tax notice issued by the tax authority to a defaulter who has failed to file monthly GST returns on time. |
| GSTR3B | Temporary consolidated summary GST returns of inward and outward supplies that the Government of India has introduced as relaxation for businesses that have recently registered to GST. |
| GSTR4 | It is the quarterly GST returns filed by compounding vendors. This contains the total value of supply made during the period covered by the return, along with the details of the tax paid at the compounding rate (not more than 1% of aggregate turnover) for the period along with invoice details for inward supplies if they are either imports or purchased from normal taxpayers. |
| GSTR4A | It is the Quarterly purchase-related tax return filed by composition dealers. It’s automatically generated by the GSTN portal based on the information furnished in the GSTR-1, GSTR-5, and GSTR-7 of your suppliers. |
| GSTR5 | Variable return for Non-resident foreign taxpayers (It contains the details of the taxpayer, period of return and invoice details of all goods and services sold and purchased. It also includes imports by the taxpayer on Indian soil for the registered period/month. |
| GSTR6 | This is the monthly GST return for ISDs. It contains the details of the taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, invoice-level supply details from the GSTR-1 of counter-parties, invoice details, including the GSTIN of the taxpayer receiving the credit, separate ISD ledger containing the opening ITC balance for the period, credit for ITC services received, debit for ITC reversed or distributed, and closing balance |
| GSTR7 | It is filed as a monthly return for TDS transactions. It contains the taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, supplier’s GSTIN, invoices against which the tax has been deducted. It is categorised under the major tax heads – SGST, CGST, and IGST. Details of any other payments such as interests and penalties are also included in the form. |
| GSTR8 | It is the monthly return for e-commerce operators. It contains the taxpayer’s basic information (name, GSTIN, etc), the period to which the return pertains, details of supplies made to customers through the e-commerce portal by both registered taxable persons and unregistered persons, customers’ basic information (whether or not they are registered taxpayers), the amount of tax collected at source, tax payable, and tax paid). |
| GSTR9 | This is an annual consolidated tax return It contains the taxpayer’s income and expenditure in detail. These are then regrouped according to the monthly GST returns filed by the taxpayer. |
| GSTR9A | It is an annual composition return form that has to be filed by every taxpayer who is enrolled in the composition scheme |
| GSTR9B | It is an annual return form that has to be filed by e-commerce operators who collect tax at the source |
| GSTR9C | This Audit form has to be filed by every taxpayer who is liable to get their annual reports audited when their aggregate turnover exceeds ₹2 crores in a financial year. |
| GSTR10 | Filing GST returns before cancelling GST registration This final GST returns is to be filed when terminating business activities permanently/cancelling GST registration. It will contain the details of all supplies, liabilities, tax collected, tax payable. |
| GSTR11 | Variable tax return for taxpayers with UIN It contains the details of purchases made by foreign embassies and diplomatic missions for self-consumption during a particular month. |
The government has been making strides towards innovation and automation and has instituted facilities for the online filing of returns under GST on the government’s GST portal, through the Goods and Service Tax Network (GSTN).
HSRAdvisory is well-known for its user-friendly online platform with which you can avail of GST filing services from the comfort of your home. The dedicated representatives of HSRAdvisory will be in constant touch with you right from the start. They will collect all the required documents and do the needful.
The status of the Filing GST return application depends upon the performance of the obligation, and the status available would make the taxpayer aware of their filing.. Basically there are four statuses and they are explained below.
There are three easy ways to track GST returns status online
When submitting the tax return, taxpayers are allotted a unique number called an ARN which helps in tracking the status of the tax return which is to be done every month. Steps to view the status through ARN are explained below:
On clicking on the search option, there would be a full display of the return application status which will be having all the relevant details.
Once all of the information is submitted, the page will display all of the relevant information about the company, including the legal name, jurisdiction, date of registration, GSTIN/UIN status, and data from all recent GST returns filed under various sub-headings.
Here is a step by step guide on how to download the GST returns online:
Earlier there were many instances where tax on tax was paid for a single transaction. As GST did away with several other taxes like central excise duty, service tax, customs duty, and state-level value-added tax, you no longer are subjected to paying tax on tax. This saves you money.
The threshold for GST is aggregate turnover exceeding 40 lakhs for sale of goods and aggregate turnover exceeding 20 lakhs for sale of services. This means small businesses falling below this threshold limit are not subject to GST Filing.
The GST system has made it easier for startups and e-commerce companies to manage their taxes. E-commerce particularly suffered from different tax laws across different states which are now eradicated by GST.
Before the GST tax return filing system was disorganised. Now, all taxes are paid online and major hassles that were a part of tax filing have been eliminated in the process of introducing GST.
It is crucial to complete the filing within the due date to file GST. This will help in avoiding late payment charges and interests. The due dates for filing GST returns can be extended as per the issuing order or through notifications. HSRAdvisory has gathered a list of due dates to file GST for the financial year 2021- 2022 and 2022 – 2023.
HSRAdvisory has a fleet of GST experts to support you in all spheres. We help more than 1000 companies with GST related compliances on an every month basis.
Answered by our experts
The QRMP scheme applies to registered taxpayers who have an aggregate turnover equal to or less than ₹5 crores in the previous financial year. Under this scheme, businesses will be allowed to file returns every quarter instead of every month. Taxes have to be paid every month.
It is not possible to revise the GST returns. That is why it is advised to get professionals to file your returns. Changes can be made to the details provided in the next period’s return form amendment section.
Yes, the process for GST registration is online completely. You can do everything in the personalised dashboard we provide for you.
We ensure that all your returns are filed on time and no delays happen as long as you provide us with all the details and documents in time. If there is an erroneous delay on our part, we will bear the late fees for the same.
No. The threshold for northeastern states (special category states) is lesser than other states. There the threshold is ₹20 lakhs for the sale of goods and ₹10 lakhs for the sale of services.