GST Registration & Returns

GSTR1

This form records all your B2B and B2C sales, interstate and intrastate, along with reverse charge purchases and stock transfers during the tax period.

• Filing Form GSTR-1 late will incur a late fee, to be collected in the next return in Form GSTR-3B.
• Starting from January 2022, filing Form GSTR-1 will be prohibited if Form GSTR-3B hasn’t been filed in the previous month.

GSTR1A

Make amendments to your GSTR-1 document to ensure accurate tax records with ease. From correcting mismatches to fixing any errors, file GSTR1A between 15 and 17 of the following month.

GSTR2

GSTR-2A is a monthly GST return for inward supplies. It provides taxpayers with a detailed list of final invoice-level purchase information for goods and services received during the tax period

GSTR2A

The GSTN auto-generates a tax return for a taxpayer’s purchases and inward supplies based on the information from their suppliers’ GSTR-1.

GSTR2B

The GST Council has emphasized that GSTR-2B is a tool that can aid in streamlining the return filing process by reducing the time required to file returns, minimizing the occurrence of errors, facilitating reconciliation, and simplifying compliance for taxpayers.

GSTR3

The GST return form consolidates monthly tax returns and includes important information such as the taxpayer’s basic information, period of return, turnover details, final aggregate-level inward and outward supply details, tax liability under CGST, SGST, IGST, and additional tax(+1% tax), ITC details, cash and liability ledgers, and information about other payments including interests, penalties, and fees.

GSTR3A

It is a notice issued by the tax authority to taxpayers who have failed to file their monthly GST returns on time. It serves as a reminder to file their pending returns and avoid any penalties or late fees.

GSTR3B

GSTR-3B is a temporary consolidated summary GST return that provides relaxation to businesses that have recently registered for GST. It includes details of inward and outward supplies, taxes paid, and input tax credit claimed. It is filed on a monthly basis by registered taxpayers until a regular return is implemented.

GSTR4

It is a quarterly GST return filed by compounding vendors. This form includes the total value of supplies made during the return period, along with details of the tax paid at the compounding rate (not more than 1% of aggregate turnover) for the period. Additionally, it includes invoice details for inward supplies if they are either imports or purchased from normal taxpayers.

GSTR4A

The composition dealer’s quarterly tax return for purchases is filed using this form. It is an auto-generated document based on the information provided in the GSTR-1, GSTR-5, and GSTR-7 of the suppliers. It contains details of the taxpayer, period of return, and invoice-level purchase information separately for goods and services. Additionally, it includes information about the tax paid at the compounding rate, which cannot exceed 1% of the aggregate turnover, along with invoice details for inward supplies if they are either imports or purchased from normal taxpayers.

GSTR5

The tax return for non-resident foreign taxpayers is subject to variations, and it includes details of the taxpayer, return period, and invoice information for all goods and services sold, purchased, and imported by the taxpayer during the registered period/month.

GSTR6

 This monthly GST return is specifically for Input Service Distributors (ISDs). It includes the taxpayer’s basic information (name, GSTIN, etc.), period of the return, and invoice-level supply details from the GSTR-1 of counterparties. Additionally, it contains invoice details, including the GSTIN of the taxpayer receiving the credit, a separate ISD ledger with the opening ITC balance for the period, credit for ITC services received, debit for ITC reversed or distributed, and closing balance.

GSTR7

This is the monthly GST return for Tax Deducted at Source (TDS) transactions. It includes the taxpayer’s basic information (name, GSTIN, etc.), the period to which the return pertains, the supplier’s GSTIN, and the invoices against which the tax has been deducted. The return is categorised under the major tax heads of SGST, CGST, and IGST, and it also includes details of any other payments, such as interests and penalties.

GSTR8

The e-commerce operator files this return monthly, which includes the taxpayer’s basic information (name, GSTIN, etc.), the return period, details of supplies made by registered and unregistered suppliers through the e-commerce portal to customers, the customers’ basic information (registered or unregistered), the amount of tax collected at source, tax payable, and tax paid.

GSTR9

It is an annual return that includes consolidated details of a taxpayer’s income and expenses. The information provided is regrouped according to the monthly GST returns filed by the taxpayer, providing a comprehensive overview of their GST transactions over the course of a year.

GSTR9A

Every taxpayer enrolled in the composition scheme is required to file an annual return using this form.

GSTR9B

It is an annual return form that e-commerce operators who collect tax at the source are required to file.

GSTR9C

This is an audit form that taxpayers must file if their aggregate turnover exceeds ₹2 crores in a financial year and they are required to have their annual reports audited.

GSTR10

When terminating business activities permanently or cancelling GST registration, taxpayers are required to file their final GST returns before doing so. This return will include details of all supplies, liabilities, tax collected, and tax payable.

GSTR11

The aforementioned is a tax return filed by taxpayers who possess a UIN (Unique Identification Number). It comprises the specifics of purchases made by foreign embassies and diplomatic missions for their own use during a specified month.