Types of GST Returns: Insights You Shouldn’t Miss!

Taxpayers registered under goods and services tax law file returns for every GSTIN. All GSTRs differ in their filing process, due dates, frequency, and more. 

Let’s scroll down in detail to the GSTR forms list. 

Types of GST Returns: A Microscopic View into Every GSTR Type!

GSTR-1 Return Filing 

GSTR-1 is a one of the types of GST returns that captures and reports sales or outward supplies made by a taxpayer. The information in GSTR-1 caters to invoices and debit-credit notes from sales transactions for a particular tax period. These details form the basis of other GST return types and are crucial to reflect a business’s taxable supply. 

Who Should File GSTR-1? 

• All regular registered taxpayers, including service providers and businesses, should file GSTR-1. 
• Here are a few exceptions under GSTR-1 filing.
  • Composition scheme taxpayers don’t need to file GSTR-1
  • Input service providers, TDS deductors, and TCS collectors too exempt from filing GSTR-1. 

What is the turnover limit for GSTR-1? 

Businesses with annual revenue in the previous or current year exceeding 1.50Cr monthly can file GSTR-1. 

GSTR-1 Amendments 

For errors in previously filed returns, taxpayers can only rectify the mistake during subsequent return filing. Corrections can be done before the annual return filing or the GST return filing last date of GSTR-1 for September. 

Also know about Benefits and Format of GSTR-1A

GSTR-2A 

Among the different types of GST returns, GSTR-2A is a system-generated form that caters to inward supplies or purchases made by taxpayers. It is a view-only dynamic return that gets automatically populated based on data from the suppliers in GSTR-1. 

GSTR-2A is a read-only return, so no actions can be taken, but it allows the buyers to claim accurate ITC across all tax periods for every financial year. 

Who can review GSTR-2A? 

Registered taxpayers who want to claim ITC should regularly review GSTR-2A. Businesses who want to reconcile their purchase data and claim ITC also find this GSTR-2A crucial. 

Amongst the entire GSTR forms list, GSTR-2A gives a transparent view of supplier reports and purchase mismatches. 

Importance of GSTR-2A

• It serves as a reconciliation tool for matching tax reported in the GSTR-1 with ITC claimed in GSTR-3B. 
• It minimizes the risk of ITC mismatches by identifying errors in GSTR-1 before filing GSTR-3B. 

GSTR-2B 

GSTR-2B is a view-only, monthly static, auto-drafted GST Return. It summarizes all eligible and ineligible ITCs based on purchases or inward supplies. The information is auto-populated from the suppliers’ GSTR-1, GSTR-5, and GSTR-6. 

What is the date of effect of GSTR-2B? 

GSTR-2B is one of the types of GST returns that assists taxpayers in identifying ITC and is generated or influential on the 14th of every month for the preceding month’s transactions. 

What is the difference between GSTR-2B and GSTR-2A? 

GSTR-2B	GSTR-2A
GSTR-2B is static or is fixed for a particular tax period.	GSTR-2A is an auto-populated view-only dynamic return.
It is generated on the 14th of every month for previous month transactions and is not updated after that.	It is updated in real-time based on supplier filings.
It gives a snapshot of ITC available for a particular month.	It gives a detailed summary of inward supplies for real-time reconciliation of purchases and ITC claims.

GSTR-2 

GSTR-2 is a suspended return applicable for registered buyers who reported inward supplies of goods and services. The return helps buyers report their purchases made during the tax period. 

GSTR-3 

GSTR-3 is currently suspended. It was known as the monthly summary return that offered details of all outward and inward supplies, ITC claims, tax liabilities, and taxes paid. 

GSTR-3B 

While scrolling down to different types of GST returns, let’s glance at GSTR-3B. It refers to a monthly self-declaration filed by all normal taxpayers registered under GST laws. It helps to provide summarized details of outward supplies, ITC claimed, tax liability identified, and taxes paid. 

Before filing GSTR-3B, you must reconcile the sales and input tax credit claims with GSTR-1 and GSTR-2B for every tax period. 

What is the turnover limit for GSTR-3B? 

Registered taxpayers whose aggregate turnover in the current or previous financial year exceeds 1.5Cr and is below 5Cr can file GSTR-3B. 

GSTR-4 

GSTR-4 refers to an annual return to be filed by taxpayers who have opted for the composition scheme under GST laws. The composition scheme refers to a system in which registered taxpayers or small businesses with a turnover up to 1.5Cr can opt to pay taxes at a fixed rate on the declared turnover. It eliminates the need to pay taxes at regular GST rates, ensuring simplified filing of returns. 

What is the turnover limit for filing GSTR-4? 

Businesses with an annual turnover of up to 1.5Cr can file GSTR-4. For special category states, the turnover limit is up to INR 75 lakhs. 

GSTR-5 

Among the entire GSTR forms list, GSTR-5 is used by non-resident foreign taxpayers registered under the Indian GST regime who are involved in business transactions. It caters to all the details of outward supplies, inward supplies, credit or debit notes, taxes paid, and liabilities.  

GSTR-5A 

GSTR-5A is a summary return that helps report outward taxable supplies and tax payable by OIDAR, i.e. Online Information and Database Access or Retrieval Services (OIDAR).  

GSTR-6 

GSTR-6 refers to a monthly return filed by ISD, i.e. Input Service Distributor.  It consists of documents for Input Tax Credits (ITC) and manner of distribution. 

GSTR-7 

GSTR-7 refers to a monthly TDS (Tax Deducted at Source) Return. It is filed monthly by taxpayers who are required to deduct TDS under GST. It caters to details of TDS deducted, payable/ paid liability, and TDS refund claimed. 

GSTR-8

GSTR-8 is filed by registered e-commerce operators every month under the GST regime. Operators collecting tax at source file GSTR-8. It includes details of all supplies through the e-commerce platform and the tax collected for them. 

GSTR-9

GSTR-9 is filed by taxpayers annually under GST laws. The last date for filing a GST return is 31 December of the following financial year. It consists of all details of outward supplies and inward supplies for a relevant financial year under different tax brackets like CGST, SGST, IGST, etc. Also, it caters to a summary of the value of supplies reported under every HSN code and tax payable or paid details. 

What is the filing limit for GSTR-9? 

For taxpayers with an annual turnover exceeding Rs. 2Cr, it is mandatory to file GSTR-9. 

GSTR-9A 

GSTR-9A is a suspended annual return. It was filed by composition taxpayers earlier. This is a consolidated return of all the quarterly returns filed in a financial year. 

GSTR-9C 

GSTR-9C refers to a self-certified reconciliation statement filed by every registered taxpayer under GST laws. Taxpayers whose turnover limit exceeds 5Cr during a financial year must file GSTR-9C. GST return filing last date for GSTR-9C is 31 December of the year following the relevant financial year. 

GSTR-10 

GSTR-10 is filed by a taxable person whose registration is either suspended or canceled. Out of all the types of GST Returns, GSTR-10 is filed within three months of the cancellation date or cancellation order, depending on which is closer. It is also known as the final return. 

GSTR-11 

GSTR-11 is filed by taxpayers who have allotted a Unique Identification Number (UIN) to avail of a refund under GST laws for goods/ services bought in India. This identification code is used to classify foreign diplomatic missions and embassies, which are liable to get tax refunds. It caters to supply details and refunds inward claims. 

Types of GST Returns: Due dates, Frequency, and Late Fees

Criteria for filing returns are different for all GSTR types. Scroll down to the following table to see GST returns and due dates. The table also depicts frequency and late fees for filing GSTR. 

Type	Due Date	Frequency	Late Fees
GSTR-1	Monthly: 10th of the following monthQuarterly: 13th of the month that follows the end of the quarter	Monthly or Quarterly	Rs. 50 per day for normal taxpayers and Rs. 20 for Nil returns.
GSTR-2A	N/A	It is auto-populated and is used for reconciliation	N/A
GSTR-2B	Accessible on the 14th of the following month	It is auto-populated monthly	N/A
GSTR-3B	Monthly filers: 20th of the following month. For quarterly filers: 22nd or 24th day of the month that follows the quarter.	Filed every month. For the QRMP scheme, it is quarterly filing.	Rs.50 per day for normal taxpayers and Rs.20 for Nil returns.
GSTR-4	30th April following the relevant financial year.	Filed annually	Rs. 50 per day for normal taxpayers and Rs. 20 for Nil returns.
GSTR-5	20th of the month following the tax period.	Monthly	Rs.50 per day for taxpayers and Rs. 20 for Nil returns.
GSTR-5A	20th of the succeeding month	Monthly	Rs.50 per day for taxpayers and Rs. 20 for Nil returns.
GSTR-6	13th of the following month	Monthly	Rs. 50 for normal taxpayers and Rs. 20 for Nil returns
GSTR-7	10th of the succeeding month	Monthly	Rs. 200 per day (100 for CGST and 100 for SGST)
GSTR-8	10th of the month following the tax period	Monthly	Rs. 200 per day (100 for CGST and 100 for SGST)
GSTR-9	31st December of the next financial year	Annually	Rs. 200 per day, the maximum late fee applied is 0.25% of the turnover.
GSTR-9A	31st December of the next financial year	Annually	Rs. 200 Per day
GSTR-9C	31st December of the next financial year	Annually	Rs. 200 Per day
GSTR-10	Within three months of cancellation of registration	One-time filing	Rs. 200 per day, the maximum late fee applied is 0.25% of the turnover.
GSTR-11	28th of the next month	Monthly	INR 100 per day

Let’s Conclude 

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FAQs

1. What are the 4 models of GSTR? 

• Central Goods and Services Tax (CGST)
• State Goods and Services Tax (SGST) 
• Integrated Goods and Services Tax (IGST) 
• Union Territory Goods and Service Tax (UTGST) 

2. How do I know which GST return types I fall into? 

Here are quick steps to identify your types of GST Returns

• Checkout your turnover 
• Understand which business category you fall into. 
• Analyze your activities, such as outward supplies, inward supplies, ITC, etc. 
• See your tax type if it is multiple GSTINs under one PAN. 

3. What is the QRMP scheme?

The Quarterly Return, Monthly Payment (QRMP) scheme is a compliance mechanism established by the Indian government under GST. It simplifies GST return filing for small taxpayers by allowing them to file GSTR-1 and GSTR-3B quarterly and make monthly payments. 

4. What is monthly GST filing? 

Monthly GST filing refers to submitting monthly returns, such as GSTR-1 and GSTR-3B.