Overview of Returns in GST, steps to file returns in GST India, Number of returns in GST, Due date for filing returns in GST India, Late Filing Fee in GST, Procedure to File Returns in GST etc.

1. Overview of Returns in GST
CA Janardhana Gouda
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2. INDEX
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SUMMARY RETURN (GSTR 3)
FINAL RETURN
OUTWARD SUPPLIES (GSTR 1)
FIRST RETURN
INWARD SUPPLIES (GSTR
2)

3. Returns:
 A return is a statement of specified particulars relating
to business activity undertaken by the taxable person
during a prescribed period.
 There will be common e-return for CGST, SGST,IGST
and Additional Tax.
 Every registered person is required to file a return for
the prescribed tax period. A return needs to be filed
even if there is no business activity (i.e. Nil Return)
during the said tax period.
 A registered taxable person shall not be allowed to
furnish return for tax period if valid return for any
previous tax period has not been furnished by him.
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4. FIRST RETURN
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5. FIRST
RETURN
• After obtaining registration, the taxable person
is required to file his very first return. This
section provides for the aspects that need to
considered while filing this first return, namely:
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Transaction to be
reported
Consideration
Involved
Outward supplies From date of liability
to register till the end
of month when
registration is
granted
Inward supplies From effective date
of registration till end
of month when
registration is
granted

6. Furnishing details of outward supplies
(GSTR 1)
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7. Furnishing
details of
outward
supplies
(GSTR 1)
 This e-return shall be filed within 10 days from
the end of the tax period.
 “Details of outward supplies” which shall
include details relating to zero-rated supplies,
inter-state supplies, return of goods received in
relation to/ in pursuance of an inward supply,
exports, debit notes, credit notes and
supplementary invoices issued during the said
tax period.
 This Return is not applicable to Input Service
Distributor, Deductor of Tax (Section 37) and
Taxable persons opting for Composition Levy
(Section 8).
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8. Furnishing
details of
outward
supplies
(GSTR 1)
Revision / Rectification of Original
Return :
 In case any outward supplies are not matched
with the respective recipients’ return of inward
supplies, the return for outward supplies
requires rectification which is allowed.
 Such rectification, however, is not permitted
after filing of annual return or the return for the
month of September of the following year
whichever is earlier.
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9. Furnishing details of inward supplies
(GSTR 2)
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10. Furnishing
details of
inward
supplies
(GSTR 2)
 Details of inward supplies include debit notes,
credit notes and inward supplies liable for tax
payment on reverse charge basis.
 In respect of the return for outward supplies
filed by the supplier of goods / services (under
section 25) the receiver is required to match
his receipts with the details of supplies filed by
the supplier.
 In fact, the receiver is required to –verify,
validate, modify or even delete – the details
furnished by the suppliers. Now, these details
as accepted by the recipient will be filed in the
return for inward supplies by the recipient.
 This Return is not applicable to Input Service
Distributor, Deductor of Tax (Section 37) and
Taxable persons opting for Composition Levy
(Section 8).
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11. Furnishing
details of
inward
supplies
(GSTR 2)
Revision / Rectification of Original Return :
• In case the return for inward supplies requires
rectification, it is allowed.
• Such rectification, however, is not permitted
after filing of annual return or the return for the
month of September of the following year,
whichever is earlier.
• The information submitted in GSTR-1 by the
Counterparty Supplier of the taxpayer will be
auto-populated in the concerned tables of
GSTR-2. The same may be modified i.e. added
or deleted by the Taxpayer while filing the
GSTR-2. The recipient would be permitted to
add invoices (not uploaded by the counterparty
supplier) if he is in possession of invoices and
has received the goods or services.
• This e-return shall be filed within 15 days from
the end of the tax period.
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12. Furnishing of Return (summary)
(GSTR 3)
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13. Furnishing of
Return
(Summary)
(GSTR 3)
 Every Registered Taxable Person for every
calendar month Shall furnish the following:
– (a) of inward and outward supplies of goods
and/or services,
– (b) input tax credit availed,
– (c) tax payable,
– (d) tax paid and
– (e) other particulars as may be prescribed
– (f) within 20 days after the end of such month:
 Paying tax under composition scheme shall
furnish a return for each quarterly basis,
electronically, in prescribed form manner, within
18 days after the end of such quarter:
 If any taxable person after furnishing a return
discovers any omission or incorrect particulars
therein, shall rectify in the return to be filed for the
month or quarter, during which such omission or
incorrect particulars are noticed, subject to
payment of specified interest as applicable.
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14. VALID RETURN
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VALID RETURN

15. RETURNS - SUMMARY
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Outward
Supplies

16. STEPS FOR RETURN FILING
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Outward
Supplies

17. ANNUAL RETURN
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18. Annual
Return
 Taxable persons who get their accounts
audited under section 42(4) are required to
electronically file annual return under this
section along with a copy of the audited
accounts as well as a reconciliation statement
reconciling value of supplies declared in the
return furnished for the year along with the
audited annual financial statement and such
other prescribed particulars.
 Input Service distributor, deductor of tax,
casual taxable person and Non-Resident
taxable person are not required to furnish
annual return.
 Every registered tax payer shall file Annual
Return on or before 31st December following
the end of the financial year.
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19. FINAL RETURN
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20. FINAL
RETURN
Every registered taxable person who applies for
cancellation of registration shall furnish a final
return within three months of the date of
cancellation or date of cancellation order,
whichever is later, in prescribed form and manner.
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21. Returns: Late Filing Fee
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Defaulted Return Late fee
Return on Outward Details (Ref:
Sec 25)
Rs. 100 per day of delay
Maximum Rs. 5,000
Return on Inward Details (Ref: Sec
25)
same as above
Return on Input credit (Ref: Sec 27) same as above
Final Return for prescribed three
months (Sec 31)
same as above
Annual Return (Sec 30) Rs. 100 per day of delay
Maximum = 0.25% on Aggregate
Turnover

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CA Janardhana Gouda
Mob: +91 97 31.03.2014
Email: ca.gouda@gmail.com
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