List of Documents Required while online GST Return Filing
Posted By : Super CA on 27 April
A Guide on What GST Return Is?
GST return is a document or report that is filed by every GST registered person. It contains information related to your sales, purchases, sales tax (output tax), and sales tax paid (input tax). Once You become eligible for registration under GST, you must apply for a unique GSTIN from the GST Portal. Currently the eligibility is turnover of above Rs.40 lakhs (Rs 10 lakhs for special category states present in hill states and North-Eastern states).
The procedure of GST return filing is online, and is done through the portal created by the authorities. Facilities have been provided wherein taxpayers can do online GST return filing manually in which returns will be prepared offline and uploaded on government portal GSTN by the taxpayer or a facilitation center.
Eligibility
Every individual or entity who is registered under GST must file monthly GST returns and annual GST returns. irrespective of the type of business or turnover or profitability during the return filing period. Under the GST Regime, even a dormant business in India that has obtained GST registration must get nil GST return filing done.
Once the GST filing is done, the tax liability must be paid to the government on time. Further, the nature of the business also directs the GST return that is to be filed which is mentioned below. It is important to note that a taxpayer isn't required to file all the types of returns.
Form Type
Who should file?
GSTR-1
Every registered Individual or entity
GSTR-2A
View-only Autofill form
GSTR 2B
View-only
GSTR 3B
Regular taxpayer
GSTR- 4
Composition dealer who has opted composition scheme
GSTR-5
Non-resident foreigners who have businesses in India
GSTR-5A
Non-resident OIDAR service providers
GSTR-6
Input Service Distributor (ISD)
GSTR-7
Individuals who need to deduct TDS under GST
GSTR-8
E-commerce operators
GSTR-9
Every registered taxpayer
GSTR 9C
Every registered taxpayer
GSTR-10
People whose registration has been canceled or surrendered
GSTR-11
By foreign diplomatic missions and embassies for refund claim
Documents Required while GST Return filing
Below are the key documents that should be kept handy while going for online GST return filing-
- List of Invoices (B2B Services, B2C Services)
- Customer GSTIN
- Type of Invoice
- Invoice Number
- Place of Supply
- GST Rate
- Taxable Value
- Amount of CGST, SGST, IGST and GST Cess applicable.
- Consolidated intra-state and inter-state sales.
- HSN wise summary details.
- Summary of requisite documents i.e. Debit and Credit Note.
Types of Returns and their due dates
Return Form
Description
Frequency
Due Date
GSTR 1
Statement of Outward Supplies made
Monthly
Quarterly
(If opted under the QRMP scheme)
11th of the next month.
13th of the month succeeding the quarter.
GSTR 2 (Suspended)
Statement of Inward supplies made
Monthly
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GSTR - 2A
Read only documents for the recipient, to verify the details uploaded by the seller in GSTR-1.
Monthly
15th of the next month
GSTR 3 (Suspended)
Auto populated document based on the details filled in GSTR-1, GSTR-2 and tax liability of any preceding period.
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GSTR - 3B
Inward and Outward supply summary
Monthly
Quarterly
20th of the next month from the month of January 2021 onwards
22nd or 24th of the month next to the quarter
GSTR 4
Quarterly return for composition traders.
Annually
30th of the month succeeding a financial year.
GSTR 5
Monthly return for Non-Resident taxable people.
Annually
20th of next month.
GSTR 6
Monthly return for Input Tax Distributor
Annually
13th of next month.
GSTR 7
Monthly Return for Tax Deductor.
Annually
10th of next month.
GSTR 8
Monthly return for E-Commerce Operators.
Annually
10th of next month.
GSTR 9
Annual GST return
Annually
31st December of next financial year.
GSTR 9A (Suspended)
Annual Return for Composition Scheme taxpayer
Annually until FY 2017-18 and FY 2018-19
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GSTR 9B
To be filed by E-Commerce operator
Annually
31st December following the financial year end.
GSTR 9C
Reconciliation Statement
Annually
31st December following the financial year end.
GSTR 10
Final GST Return
Once, when GST registration is canceled or surrendered.
Within 3 months of the date of cancellation or date of cancellation order, whichever is later.
GSTR 11
GST Return for UID holders
Monthly
28th of the next month in which the inward supplies are received.
CMP 08
18th of the month succeeding the quarter.
Benefits of timely filing the returns
- Keep you isolated from Unnecessary Penalty & fines
- Avoids blocking of GSTR-1 return filing facility & restriction on E-Way bill generation (in case the trader has not filed GST returns for 2 successive months)
- Promotes Compliance Rating
- Simplified return filing procedure
- Maintains a healthy customer relationship with good prospects
- A transparent process to keep financial transactions accountable, hence provides the benefit of the ease of access and flexibility.
- Complete transparency between the authorities and the taxpayers
- Seeking loan becomes easy as it enhances taxpayers’ credibility
Final Thoughts
It is crucial for every business, irrespective of the business structure, to adhere to the statutory compliance and complete all the necessary filings before the due dates to stay compliant every year. In a nutshell, it is suggested to all registered people to get their online GST return filing done on a monthly, quarterly, or annual basis, based on the type of their business within the due date as ignoring may lead to unnecessary problems.