GST Return

GST Return filing is not only crucial, but also advisable as non filing can invite hell lot of interest and penalties. It will also impact your GST Rating, GST credits and refunds.

Who has to file GST Returns?

Any regular business has to file three monthly returns and one annual return. Meaning, there are total 37 returns in a year.

The three monthly returns  are GSTR-1 (for outward supplies), GSTR-2 (for inward supplies), and GSTR-3 for details of net taxes and tax payment.

What are the types of GST Returns?

Here is a list of all the returns to be filed under the GST Law along with the due dates. Till December, there is an additional return GSTR-3B, which is simply a summary of all three returns discussed.

3.1. Any regular business:

Return Form Particulars Interval Due Date
GSTR-1 Details of outward supplies of taxable goods and/or services effected Monthly 10th of the next month
GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Monthly 15th of the next month
GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. Monthly 20th of the next month
GSTR-9 Annual Return Annually 31st December of next financial year
GSTR-3B Provisional return for the months of July to December 2017 Monthly 20th of the next month


A dealer opting for composition scheme :

A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:

Return Form Particulars Interval Due Date
GSTR-4 Return for compounding taxable person Quarterly 18th of the month succeeding quarter
GSTR-9A Annual Return Monthly 31st December of next financial year

Late Fees for not Filing Return on Time

If GST Returns are not filed within time, you will be liable to pay interest and a late fee.

Interest is 18% per annum. It has to be calculated by the tax payer on the amount of outstanding tax to be paid. Time period will be from the next day of filing (26th/ 29th Aug) to the date of payment.

Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. There is no late fee on IGST.

Moneyम्जी can help you in filing GST returns at a very affordable cost. Cost for Nil Return is Rs 500/- only. Quickly contact Moneyम्जी at +91-9711730497 or mail us at for customized quote.