GST Returns

GST Returns

The entire GST Registered individual must file monthly, quarterly and annual GST Returns depending on the kind of commerce. The particulars in GST Returns consists of purchases, Sales, Output GST & Input Tax Credit (GST paid on purchases. GST compliant sales, as well as purchase invoices, are requisite to file the GST returns.

The details Of Returns that need to be filed under GST Return Law:-


It consists of particulars of the outward supplies (sales) of taxable goods and services. GSTR-1 could either be filed quarterly or monthly.

Quarterly GSTR 1

Registered individuals with total turnover up to Rs. 1.5 crore might choose for quarterly return filing

Monthly GSTR 1

Registered individuals with a total turnover of above 1.5 crores must file a monthly return.

For those with a total turnover of below 1.5 crores, the monthly return is non-compulsory and optional.

Proposed New Returns (July 2019)

The Goods and Services Tax (GST) Council in its 27th meeting which was held on 4th of May 2018 has affirmed principal for filing the new return and approved the new return formats as well as associated changes in the law on 28th council meeting which was held on 21st of July 2018. In the 31st Council meeting dated 22nd December 2018, the new return filing system was proposed towards being presented on a trial basis with effect from April 2019 and make it obligatory from July 2019. The formats along with thorough instructions were made accessible on the GST Portal on 8th March 2019.

Companies that have an annual turnover of up to Rs 5 crore have the option towards filing one of the 3 quarterly returns—Sahaj, Sugam and Normal Return.

The Summary of proposed new returns are:-


Threshold Limit


Periodicity of payment


Periodicity of returns

Normal ( RET 1 )

over Rs.5 crore (compulsory) less than Rs.5 Cr. (optional)




Monthly (over Rs.5 crores turnover) Quarterly (less than Rs.5 crores turnover)



less than Rs.5 crore (optional) 



SUGAM     ( RET 3)



less than Rs.5 crore (optional)





Normal Monthly/Quarterly return is the most comprehensive return and is almost similar towards existing GSTR 1

The change in periodicity from month to month to quarterly and vice versa would be permitted only once the time of filing of first return. If once chosen then it could not be changed for rest of the financial year and can only be changed only during the time of filing of first return of the next financial year.

Click here to know more about "GST Council to consider e-invoicing for firms with over Rs 50-cr turnover"


GST Council has suspended the condition towards filing forms GSTR-2 and GSTR-3


Each company is requisite towards filing a simple GST return in form GSTR-3B. It is needed to be filed by the 20th of the next month.


Composition dealers are requisite towards filing a quarterly GST return utilizing form GSTR-4 by the 18th of the month following the quarter for which the return is being filed.

The Central Board of Indirect Taxes and Customs (CBIC) has informed the simplified ‘statement for payment of self-assessed tax’ in Form GST CMP08 towards being filed through taxpayers who have chosen for composition scheme, under which companies have to pay a lower rate of tax on their turnover.

The CMP08, which must be filed by the 18th day of the subsequent month following the end of a quarter, will have particulars like outward supplies, inward supplies attracting reverse charge including import of services; tax, interest payable; and taxes as well as interest paid.

Composition scheme companies would file the April-June quarter returns in July according to the new format.

Central Board of Indirect Taxes and Customs (CBIC) informed that composition scheme taxpayers will at the present file GSTR-4 annually by 30th April for the previous financial year ending 31st March.


GSTR-5 is a return for non-resident foreign taxable individuals. This return must be filed on a monthly basis by the 20th of the following month.


This return is for input service distributors. It must be filed monthly by the 13th of the following month.


This is applicable to the authorities deducting tax at the source. It will require to be filed on a monthly basis by the 10th of the following month.


This is to be filed by e-commerce operators on a monthly basis by the 10th of the next month.


Each and every dealer will require towards furnishing this annual return by 31st December after the end of the financial year.


This must be filed only when a taxpayer’s registration is canceled or surrendered, within 3 months after the cancellation.


This GST return is for UIN holders towards reporting the particulars of inward supplies towards being furnished by an individual having UIN and claiming a refund.

GSTR-11 must be furnished by the 28th of the month following the month for which the statement is being filed.


eStartIndia Team

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