GST Returns : Types, Forms, Due Dates & Penalties

Returns under Goods and Services Tax (GST) can be defined as a document or form in which the details related to income and its sources are being reported. GST Returns are required by the tax authorities for calculation of tax liability pertaining to a business.

What are the various information, which are required to be furnished in GST Returns?

GST Returns require your business details of

• Nature of business activities

• Tax Payable and ITC

• Business Turnover for the period

• Deductions and exemptions availed

Why Filing of GST returns is important?

What are some of the steps involved in filing of the GST returns?

What are the different options for filing GST Returns?

Are there any consequences of not Filing GST Returns?

What can incomplete details in GST Returns result in?

What are the various types of GST returns and who is required to file it?

GSTR-1

GSTR-1A

GSTR-2

GSTR-2A

GSTR-3B

What is GSTR 3B?

Form GSTR-3B is a monthly summary return to declare the GST liability for the tax period and to pay off such liability. Regular taxpayers need to file these return for every tax period.

What are the details required to be furnished under GSTR 3B?

GSTR 3B contains the details relating to

1. Outward Supply (Sales)

2. Inward Supply (Purchases)liable to reverse charge

3. ITC eligible

4. Tax details

5. TDS / TCS credits available

6. Inter-state Supply made

Is it mandatory to file GSTR 3B?

Yes, filing of GSTR 3B is mandatory even in case whenever there are no transactions nil return is required to be furnished.

Who is required to file GSTR 3B?

Registered regular taxpayer is required to file GSTR 3B periodically.

What is the Due date of filing GSTR 3B?

Due Date of filing Form GSTR-3B is 20th of the following month for which the return is to be submitted.

Is it possible to file NIL GSTR 3B?

It can be filed as nil return even when there is no transactions and tax liability for that particular tax period. GSTR-3B is to be filed electronically using the GST portal.

GSTR-4

GSTR-4A

GSTR-5

GSTR-5A

GSTR-6

GSTR-6A

GSTR-7

GSTR-7A

GSTR-8

GSTR-9

GSTR-9A

GSTR-10

GSTR-11