What are the Types of Returns Under GST?

Convergence is the key to GST; convergence between states and central taxes.Consider what happens today. A manufacturer who is compliant under Central Excise, Service Tax, and VAT has to file returns as specified by each of the states. The manufacturer has to deal with returns, annexures, and registers for Excise, Service tax and VAT with monthly, quarterly, half-yearly and yearly periodicity.With GST in place, it does not matter whether you are a trader, manufacturer or a reseller, you only need to file GST returns.Wow! This sounds good. Let us understand different types of return forms in GST.Under GST, there are 8 forms for filing of returns by tax payers. All these forms are required to be e-filed. The details of each form are listed below along with details of applicability and periodicity.

Regular Dealer

Form TypeFrequencyDue DateDetails to be Furnished

Form GSTR-1^ththForm GSTR-1^thForm GSTR-1Form .Form GSTR-2 ^thst

Composite Tax Payer

Return TypeFrequencyDue DateDetails to be Furnished

Form GSTR-4AQuarterly—Details of inward supplies made available to the recipient registered under composition scheme on the basis of Form GSTR-1^thForm GSTR-4A^st

Foreign Non-Resident Taxpayer

Return TypeFrequencyDue DateDetails to be Furnished

Form GST^th

Input Service Distributor

Return TypeFrequencyDue DateDetails to be Furnished

Form GSTR-6AMonthly0n 11^th Form GSTR-1^th

Tax Deductor

Return TypeFrequencyDue DateDetails to be Furnished

Form GSTR-7Monthly10^thth

E-commerce and Service Aggregators

Return TypeFrequencyDue DateDetails to be furnished

Form GSTR-8Monthly10^th

Aggregate Turnover Exceeds 1 crore

Return TypeFrequencyDue DateDetails to be furnished

Form GSTR-9BMonthly10^th

Final return

For taxable person whose registration has been surrendered or cancelledReturn TypeFrequencyDue DateDetails to be furnished Form GSTR-10Monthly10^th of succeeding monthFurnish details of inputs and capital goods held, tax paid and payable.

Government Departments and United Nation Bodies

Return TypeFrequencyDue DateDetails to be furnished

Form GSTR-11Monthly10^th

The post What are the Types of Returns Under GST? appeared first on Tally Solutions | Blog.