GST Returns
Every person registered under the GST shall file GST returns electronically monthly, quarterly, and annually.
Types of GST Returns
GSTR 1- Return of outward supplies
Who needs to file GSTR 1
Every registered person other than
- Input Service Distributor
- Casual taxable person
- Person registered under the composition Scheme
- Person liable to collect TCS
- Person liable to deduct TDS
What are outward supplies mean?
Outward supplies include
- Invoices
- Debit Notes
- Credit Notes
- Revised Invoices issued during the period.
Due Date of Filing GSTR 1
If a registered person opted for
| Monthly return | Quarterly return |
|---|---|
| (GSTR 3B) filing | on or before the 11th day of next month |
| (GSTR 3B) filing | on or before the 13th day of next month |
GSTR 3B – Return of Inward and Outward Supplies, Input tax credit, Tax payable, Tax paid etc.,
Who needs to file GSTR 3B
Every registered person other than
- Input Service Distributor
- Person registered under the composition Scheme
- Person liable to collect TCS
- Person liable to deduct TDS
Due Date of Filing GSTR 3B
| Monthly return | Quarterly return |
|---|---|
| (GSTR 3B) filing | on or before the 20th day of next month |
| (GSTR 3B) filing | the due dates have been staggered as mentioned below |
| S.no | Class of registered persons | Due Date |
|---|---|---|
| (1) | (2) | (3) |
| 1. | Registered persons whose principal place of business is in the States of Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep | 22nd of the month succeeding such quarter |
| 2. | Registered persons whose principal place of business is in the States of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi. | 24nd of the month succeeding such quarter |
Late fees and Penalty?
If GSTR 3B is filed after the due date late fees will be levied which is
For normal return – Rs.100/- day (CGST Rs.50/-day and SGST Rs. 50/- day) subject to the maximum amount as table mentioned below
For nil return (no sales) – Rs. 20/- day (CGST Rs.10/-day and SGST Rs.10/- day) ) subject to the maximum amount as table mentioned below.
Maximum Amount of Late fees
| For Nil Return (tax payable is nil) | Rs.500/-(CGST Rs.250/- and SGST Rs.250/-) |
| If Turnover is up to Rs. 1.50 crores in the previous financial year | Rs.2000/- (CGST Rs.1000/- and SGST Rs.1000/-) |
| If Turnover is more than Rs. 1.50 crores but up to Rs. 5 crores in the previous financial year | Rs.5000/- (CGST Rs.2500/- and SGST Rs.2500/-) |
| If turnover more than Rs.5 crores in the previous financial year | Rs.10,000(CGST Rs.5000/- and SGST Rs.5000/-) |
CMP – 08 Statement for payment of self-assessed tax
Who needs to file CMP-08
A registered person who opts to pay tax under the composition scheme.
Whether CMP-08 is a quarterly or monthly return?
It is a quarterly return.
Due date of furnishing CMP 08.
The due date for filing CMP-08 is on or before the 18th day of the month succeeding the quarter.
Late fees and Penalty?
If CMP is filed after the due date late fees will be levied which is Rs.200/- day (CGST Rs.100/-day and SGST Rs. 100/- day) subject to the maximum of Rs. 10,000/- (CGST Rs.5,000/- and SGST Rs.5,000/-)
FAQ
Yes, The person can rectify the error or omission made in the earlier return while filing the subsequent returns
Yes, the rectification shall be done on or before the 13th day of November following the end of the financial year to which details pertain.
Yes, The person can rectify the error or omission made in the earlier return while filing the subsequent returns.
Yes, The person can rectify the error or omission made in the earlier return while filing the subsequent returns.
Yes, the nil return should be filed if no transactions (purchases and sales) are made during the month/quarter.
Yes, the rectification shall be done on or before the 13th day of November following the end of the financial year to which details pertain or the actual date of furnishing the relevant annual return whichever is earlier.
No, GSTR 3B can be filed only if the same is filed for the previous months and GSTR 1 for the current month is also filed.
A person whose turnover does not exceed Rs. 5 crores during the current financial year