What is GST Return Filing ?
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Every person who is applying for the GST Registration has to file GST return Filing. GST Return is mandatory for each person whose enroll under the GST Registration.There is a lot of the type of the GST Returns which you have to file the monthly basis with one annual return. A registered personal have to file the returns about the following things –
#1 Total Sales of the Month
#2 Total Output GST Tax
#3 Total Purchase of the Month
#4 Total Input GST Credit Tax
if you are registered under the GST Composition Scheme then there are the different rules for the same.
Gst Return Date : Gst Return Filing Date
a) GSTR 3B – This is the mainly a GSTR Return filing summary where you have to provide the data of the sales and purchase for the same & make the tax payment. The due date depends on the aggregate turnover of the company. there are the 2 criteria for the same –#1 If your firm or business turnover is less than 1.5 Cr in a year.
In this case GSTR3B always be filed on each month of 20th.
For ex – In the June 2018 month due date is 20th July 2018.#2 if your business aggregate or turnover is more than 1.5 Cr in a year
In this case GSTR3B always be filed on each month of 20th as mentioned above.
b) GSTR 1 – This is also called the sales returns for the same because you have to provide your all the sales details in this return. you have to mention each dealer B2B details with their GSTIN Number. so in this return, all the outward supplier details are mentioned.
The due date for the GSTR 1 always should be the quarterly basis when your aggregator turnover is less than 1.5 Cr.
gstr 1 due date –
For-ex – April to June 2018 – Due date will be 31st July 2018
if your aggregator turnover is more than 1.5 Cr then you have to file the monthly basis.
For ex -June 18 Month – You have to file in the July 2018 before the 10th.
c) GSTR 2 – It’s an auto-populate return where all the input tax credit details have been mentioned. All the purchase details also has been mentioned into the GSTR 2. Still, GSTR 2 not practically to file so you have to wait for the same.
How to File GST Return
GST Return Filing is an online procedure; if you have the GST Software, then it will be easy for you to file GST Return. Even GST Portal issued an offline excel utility which is very easy to file the GST Returns. but you need the knowledge about the returns for the same.
So below are the simplified steps to file your GSTR Returns –
#1 Login with your user id and password on the GST Portal for gst e filing.
#2 Just proceed with the GSTR-3B Return tab and insert your sales amount with the tax & purchase amount with the input credit.
#3 Just make the payment of the GST by creating the challan & submit the gst e filing.
Note – In the GSTR 1 you have to upload each invoice details for the same.
GST Return Filing Procedure
We at MyOnlineCA build a simplified excel sheet where you have to just maintain your invoice records basic details, at the end of the month you can file your returns through our GST Experts assistance plan.
There are main overall three steps in gst return filing procedure –
1. Download the MyOnlineCA Simplified Excel Template–
Every registered person has to upload the invoice on GST portal so for that you have to required to maintain the invoice records electronically. We build a simplified excel template where you can maintain your invoice records easily.
2. Email to MyOnlineCA GST Experts –
Once you prepare your data then you can email to MyOnlineCA GST Experts which review your all the data entries and prepare GSTR1,2 and 3 & maintain your gst compliance at your fingertips.
3. Fiilng of the GSTR1,2 and 3 or GSTR3B –
once your data has been finalized then our GST Expert file your GSTR Returns with the proper challan & generated the ARN Number for the same.
All about GST Software
Gst Payment Due Date
You can make the payment of the GST via online net banking or NEFT Transfer or Echallan for the same in the banks. You have to just generate the challan through your dashboard then you can make the GST Payment.
So you have to require an online internet banking account for the GST Payments. if we talk about the GST Payment Due dates. then during the filing of the GSTR3B you have to make the payment in advance on a monthly basis.
Documents Required for the GST Return Filing
a) Prepare each invoice as per the GST Law.
b) Maintain records online or offline as bookkeeping.
c) Try to maintain records in your GST Filing software or else use our simplified excel sheets.
Type of GST Return Forms
GSTR-1 – Details of all outward supplies of taxable goods and services to be filed by registered taxable supplier. The due date to file this form is 10th of the next month.
GSTR-2 – Details of all inward supplies of taxable goods andservices to be filed by registered taxable recipient of the goods and services. The due date of filing this form is 15th of next month.
GSTR-3 –This form will be filled automatically on the basis of outward supplies and inward supplies with the payment of tax furnished in GSTR-1 and 2. The form will be prepared by 20th of the next month.
GSTR-4 –This form contain the details of outward supplies, tax payable and payment of tax. The due date of filing this form is 18th of the month succeeding quarter.
GSTR-5 –This form contain the details of outward supplies, imports, input tax, tax paid and reaming stock. The form has to be filed by non-resident taxable person by 20th of the next month.
GSTR-6 –This form contains the details of return for input service distributorand it is filed by input service distributor by 13th of the next month.
GSTR-7 –This form contains the details of the tax deduction. Due date to file this form is 10th of the next month.
GSTR-8 –This form contain the details of all supplies made through e-commerce operator and the amount of tax collected. The GSTR-8 form will be filed by e-commerce operator or tax collector by 10th of every month.
GSTR-9 – Annual return filed by registered taxable person by 31st December of next financial year.
GSTR-10 – Final return filed by taxable person whose registration has been surrendered or cancelled within three months of the date of cancellation or surrender whichever is later.
GSTR-11 – Details of inward supplies to be furnished by a person who have Unique Identification Number (UIN) by 28th of the month following the month for which statement is filed.
GSTR-3B – Details of taxable supply of the goods and services in the month of July and Aug 2017.Do note that you do not have to provide invoice level information in this form. Only total values for each field have to be provided.
Important Current gst return filing dates
Important Current gst return filing dates –
GSTR-3B (Jun 2018)
Jul 20th, 2018
GSTR-5 (Jun 2018)
Jul 20th, 2018
GSTR-6 (Jul’17 – Jun’18)
Jul 31st, 2018
GSTR-4 (Apr-Jun, 2018)
Jul 18th, 2018
GSTR-5A (Jun 2018)
Jul 20th, 2018
Jun 30th, 2018
Eighteen months after end of the quarter for which refund is to be claimed
Quarterly return for registered persons with aggregate turnover up to Rs. 1.50 Crores
GSTR-1 (Apr-Jun, 2018)
Jul 31st, 2018
Turnover exceeding Rs. 1.5 Crores or opted to file monthly Return
GSTR-1 (Jun 2018)
Jul 10th, 2018
GSTR-1 (May 2018)
Jun 10th, 2018