Under GST, every dealer registered as a Normal / Regular dealers have to file monthly returns of Outward Supplies and Inward Supplies.
Outward Supplies means all sales of goods or services or both.
Inward Supplies means all purchases of goods or services or both.
Form Types and Time Limits
|
Form Type |
Purpose | Time Limit |
| Form GSTR-1 | Details of Outward Supplies |
1st to 10th of Next Month |
|
Form GSTR- 2 |
Details of Inward Supplies
(finalization from information in FORM GSTR-2A) |
11th to 15th of Next Month |
| Form GSTR-3 | Consolidated Return of Outward Supplies and Inward Supplies |
18th of Next month to 20th of next month |
Intermediate Form types before finalizing GSTR-1 and GSTR-2
|
Form Type |
Purpose | Time Limit |
| Form GSTR-1A |
Finalization of Details of Outward Supplies modified by Buyer |
16 th to 17th of Next Month |
| Form GSTR- 2A |
Finalization of Inward supplies on the basis of data provided by seller in his Form GSTR-1 |
11th to 15th of Next Month |
Process of Returns Filing
- Seller will file sales details in FORM GSTR-1 from 1 st to 10 th of next month
- This information will be provided to buyer in From GSTR-2A to finalize his purchases within 11th to 15th of next month
- Any entry accepted ‘as is’ will be moved to Form GSTR-2 automatically.
- Any entry modified by buyer will be first intimated to seller in his FORM GSTR 1A
- Seller will finalize these modifications within 16th to 17th day of next month
- When seller accepts such modification, such modified entries will be moved from GSTR 2A to Form GSTR-2 of buyer AND Form GSTR-1 of seller will be amended
- Finally, both buyer and seller will file consolidated return in Form GSTR-3 within period of 18th to 20th day of next month
Details to be submitted in Form GSTR-1:
(a) invoice wise details of all –
(i) inter-State and intra-State supplies made to the registered persons; and
(ii) inter-State supplies with invoice value more than two and a half lakh rupees made to the unregistered persons.
(b) consolidated details of all –
(i) intra-State supplies made to unregistered persons for each rate of tax; and
(ii) State wise inter-State supplies with invoice value upto two and a half lakh rupees made to unregistered persons for each rate of tax.
(c) debit and credit notes, if any, issued during the month for invoices issued previously.
Details to be submitted in Form GSTR-2
- The registered person shall specify the inward supplies in respect of which he is not eligible, either fully or partially, for input tax credit in FORM GSTR-2 where such eligibility can be determined at the invoice level.
- The registered person shall declare the quantum of ineligible input tax credit on inward supplies which is relatable to non-taxable supplies or for purposes other than business and cannot be determined at the invoice level in FORM GSTR-2.
- invoice wise details of all inter-State and intra-State supplies received from registered persons or unregistered persons.
- import of goods and services made; and
- debit and credit notes, if any, received from supplier.
Composition of Form GSTR-3
PART – A : Auto generated from GSTR-1 and GSTR-2
PART- B : Details of Payment against tax, interest, penalty, fees or any other amount or any claim of refund for balance in electronic cash ledger
Special arrangements for submission of returns for First two months from appointed date (i.e. for July 2017 and August 2017)
|
Forms to file |
Tax period – July 2017 |
Tax period – August 2017 |
|
File Form GSTR 3B (no requirement of Form GSTR 3) |
By 20th August 2017 |
By 20th September 2017 |
|
File Form GSTR-1 |
By 5th September 2017 |
By 20th September 2017 |
|
File Form GSTR-2 |
By 10th September 2017 |
By 25th September 2017 |
Late Submission of Tax Returns
GST returns should be filed on or before the due dates mentioned in this article. However, in case of delay of any Form (i.e. GSTR-1, GSTR-2, GSTR-3 or GSTR-3B) will be liable to a late submission fee of Rs 100/- per day subject to maximum of Rs 5000/-.
As there are two separate acts to administer one GST return, so late submission fee will be doubled up (i.e. one in CGST Act and another in respective State/UT Act). So, overall late submission fee is Rs 200/- per day subject to maximum of Rs 10000/-.
