Which GST Returns Need to be Filed?

The type of GST return you need to file depends on your business category and annual turnover. Some of the most common GST returns include:

1. GSTR-1

  • This is a monthly return that details all outward supplies of goods and services made by the taxpayer.

  • Due Date: 11th of the following month (for businesses with turnover above ₹5 crore).

  • Quarterly filing option available under QRMP scheme for businesses with turnover up to ₹5 crore.

2. GSTR-3B

  • This is a summary return that reports the total GST liability, input tax credit (ITC), and net tax payable.

  • Due Date: 20th of the following month (for businesses with turnover above ₹5 crore) or 22nd/24th for QRMP filers.

3. GSTR-4

  • This is an annual return for businesses registered under the Composition Scheme.

  • Due Date: 30th April of the following financial year.

4. GSTR-5

  • Applicable to non-resident taxable persons who conduct business in India.

  • Due Date: 20th of the following month.

5. GSTR-6

  • Filed by Input Service Distributors (ISD) to distribute ITC to branches.

  • Due Date: 13th of the following month.

6. GSTR-7

  • Applicable for entities required to deduct TDS under GST.

  • Due Date: 10th of the following month.

7. GSTR-8

  • Filed by e-commerce operators collecting TCS under GST.

  • Due Date: 10th of the following month.

8. GSTR-9

  • This is an annual return that provides a consolidated summary of all GST transactions throughout the year.

  • Due Date: 31st December of the following financial year.

9. GSTR-9C

  • This is a reconciliation statement required for businesses with turnover above ₹5 crore.

  • Due Date: 31st December of the following financial year.

Conclusion

Filing the correct GST returns on time is crucial for tax compliance and avoiding penalties. Businesses should ensure they stay updated with GST filing requirements to maintain smooth operations.

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