GST Returns are periodic filings that every registered person must submit declaring details of sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax).
Types of GST Returns
ReturnPurposeFrequencyDue Date GSTR-1Outward supplies (Sales)Monthly/Quarterly11th/13th of next month GSTR-3BSummary return with tax paymentMonthly/Quarterly20th-24th of next month GSTR-4Composition schemeAnnual30th April GSTR-5Non-resident taxable personMonthly20th of next month GSTR-6Input Service DistributorMonthly13th of next month GSTR-7TDS under GSTMonthly10th of next month GSTR-8TCS by e-commerce operatorsMonthly10th of next month GSTR-9Annual returnAnnual31st December GSTR-9CReconciliation statementAnnual31st December
QRMP Scheme
Quarterly Return Monthly Payment (QRMP) scheme is available for taxpayers with turnover up to Rs. 5 crores:
- File GSTR-1 and GSTR-3B quarterly
- Pay tax monthly using PMT-06 challan
- IFF (Invoice Furnishing Facility) for B2B invoices
Late Fees
ReturnLate Fee (CGST+SGST) GSTR-1 (Nil)Rs. 20 per day (max Rs. 500) GSTR-1 (Other)Rs. 50 per day (max Rs. 2,000) GSTR-3B (Nil)Rs. 20 per day (max Rs. 500) GSTR-3B (Other)Rs. 50 per day (max Rs. 2,000) GSTR-9Rs. 200 per day (max 0.25% of turnover)
Interest on Late Payment
Interest at 18% p.a. is charged on tax paid late (from due date to date of payment).