GST Returns - Type, Due dates, Revision

Rukmani Gupta Rukmani Gupta Dec 21, 2019 1741 0



 

GST Returns & Filing Forms

  1. What is a GST Return?
  2. Which GST returns are to be filed by regular taxpayers in GST?
  3. What should I do if I left few invoices in GSTR-3B?
  4. Can I revise GSTR3B?
  5. What is the difference between GSTR2A & GSTR3B?
  6. What is GSTR1?
  7. Whether GSTR1 is monthly or quarterly?
  8. What is the due date of GSTR1?
  9. What details are to be filled in GSTR1?
  10. Is filing GSTR1 on quarterly basis is an option or mandatory?
  11. I have no transactions, if still I have to file GST Return?
  12. If have purchase bills but no sale invoices, then is it treated as nil in GSTR3B?

1. What is a GST Return?

GST return is a document filed by GST registered persons giving details of their sales, purchases, input credit, tax payable & payment challan details etc.

2. Which GST returns are to be filed by regular taxpayers in GST?

In case of normal registration, taxpayers have to file monthly GSTR3B and GSTR 1 monthly/quarterly, also they need to file Annual return if applicable.

3. What should I do if I left few invoices in GSTR-3B?

No, once GSTR3B got filed, it cannot be revised, but we can add the value of these invoices in next month GSTR3B.

4. Can I revise GSTR3B?

No, GSTR3B once filed cannot be revised, yes we can take its plus or minus effects in next month GSTR3B.

5. What is the difference between GSTR2A & GSTR3B?

GSTR 2A is a statement which shows all the input credit posted by various suppliers on the taxable purchases, no one file this return, GST portal automatically compile the input credit from all the suppliers and shows as a report to the input credit availed in the form of GSTR2B,

While GSTR3B is a monthly statement which is filed by the GST registered person who has made taxable supply of good & services in which he has to the give the total output GST collected, input available & net payable. Also accordingly he has to pay the GST. 

   

6. What is GSTR1?

GSTR1 is a return submitted by a taxable person in which he shows the bill wise party wise details of the supplies made during the period along with their GSTN no. so that they can get the credit of the GST paid in their GSTR2A.

7. Whether GSTR1 is monthly or quarterly?

GSTR1 has to be filed on monthly basis by 11th of the next month but the taxpayer whose turnover is upto 1.5 crore. Can file GSTR1 on quarterly basis by end of next month after quarter.

8. What is the due date of GSTR1?

For monthly GSTR1 due date of filing is 11th of next month & for quarterly GSTR1 filers due date is by end of next month after quarter ending like for Apr-Jun Qtr. Last date is by 31st Jul. 

9. What details are to be filled in GSTR1?

In GSTR1, we need to fill value of aggregate supplies, bill wise GSTN wise breakup of all B2B supplies, all the supplies to e-commerce operator, outward supplies with reverse charge, B2C supplies, supplies to unregistered dealer, all the NIL rated, zero rated, export supplies, exempted supplies etc. 

10. Is filing GSTR1 on quarterly basis is an option or mandatory?

GSTR1 on quarterly basis is an option with taxpayer having yearly turnover upto 1.5 crore. They can opt either monthly or quarterly, taxpayer with turnover above 1.5 crore has to compulsorily file the GSTR1 on monthly basis. 

11. I have no transactions, if still I have to file GST Return?

Yes, if you are registered in GST, you have to file nil return even if you do not have any transaction.

12. If have purchase bills but no sale invoices, then is it treated as nil in GSTR3B?

Yes if you have no sale invoices but have purchases still you would be covered as a GSTR3B NIL filer & hence late filing fee would be Rs. 20 per day.

  






 

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