A GST Return is a document containing details of income that is required to be filed as per the law with the tax authorities. Under the GST law, a taxpayer has to submit two returns on a monthly basis and one such return annually. All returns have to be filed online. Please note that there is no provision for revising the returns. All invoices for the previous tax period that went unreported must be included in the current month.
1. Monthly Return
Form GSTR-1: Monthly return for outward supplies.
Form GSTR-2: Monthly return for inward supplies.
Form GSTR-3: Monthly return containing details from other monthly returns filed by the taxpayer (GSTR-1, GSTR-2, GSTR-6, and GSTR-7).
Form GSTR-6: Monthly return to be filed by input service distributors.
Form GSTR-7: Monthly return to be filed for Tax Deducted at Source (TDS) transactions.
Form GSTR-8: Monthly return to be filed by e-commerce operators.
2. Quarterly Return: Form GSTR-4: for Composition tax payers.
3. Annual Return_ Form GSTR-9
Who is required to file Form GSTR-9?
The GSTR-9 return, also known as the annual return, must be submitted by all normal taxpayers (not for Non residential taxpayers). It provides a complete view of the taxpayer’s activities and allows their returns to be reconciled with their audited financial statements.
Who is not required to file Form GSTR-9?
1. An Input Service Distributor,2. Person paying tax under section 51 (TDS) or section 52 (TCS),3.A casual taxable person, 4. A non-resident taxable person
