Know all about GST return filing online

What is GST Return?

Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.

Steps for filing GST return:
GST return can be filed in different forms depending upon the nature of transaction and registration.Return Forms that are applicable for Normal Tax payers and their due dates are:

  • Monthly Details of outward supplies in FORM GSTR-1 by the 10th of next month.
  • Monthly Details of inward supplies in FORM GSTR-2 by the 15th of next month.
  • Monthly Filing of Return along with payment of tax due in FORM GSTR-3 by the 20th of next month.
  • Annual Filing of Return in FORM GSTR-9 by 31st December of next financial year.

GST return filing process

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         Types of returns under GST

There are multiple returns under the GST regime. The most common used return will be GSTR 1, 2, 3, 4 & 9. GSTR 1, GSTR 2 & GSTR 3 will be submitted by all businesses on a monthly basis along with GSTR 9 on an annual basis. GSTR 4 is submitted by composition taxpayers on a quarterly basis.
Return/FormDetailsFilerFrequencyDue Date
GSTR – 1Outward sales by BusinessRegistered Normal TaxpayerMonthly10th of next month
GSTR – 2Purchases made by BusinessRegistered Normal TaxpayerMonthly15th of next month
GSTR – 3GST Monthly return along with the payment of taxRegistered Normal TaxpayerMonthly20th of next month
GSTR – 4GST Quarterly return for Composition TaxpayersComposition TaxpayerQuarterly18th of month next quarter
GSTR – 5Periodic GST return for Non-Resident Foreign TaxpayerNon-Resident Foreign TaxpayerMonthly20th of next month
GSTR – 6Return for Input Service Distributor (ISD)Input Service DistributorMonthly13th of next month
GSTR – 7GST Return for TDSTax DeductorMonthly10th of next month
GSTR – 8GST Return for E-commerce OperatorE-commerce Operator (Tax Collector)Monthly10th of next month
GSTR – 9GST Annual ReturnRegistered Normal TaxpayerAnnually31st Dec of next financial year

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Calculation of Tax under GST

DetailsTax under Previous RegimeTax under GST
Value to Manufacturer  
Production costRs.2 lakhRs.2 lakh
+ Profit Margin (10%)Rs.20,000Rs.20,000
+ Excise Duty (12%)Rs.26400 
Total Production CostRs.2,46,400Rs.2,20,000
+ Value Added Tax (12.5%)Rs.30,800 
+ State GST (6%) Rs.13,200
+ Central GST (6%) Rs.13,200
Manufacturer’s Invoice ValueRs.2,77,200Rs.2,46,400
Value to Wholesaler  
Cost of ProductsRs.2,77,200Rs.2,46,400
+ Profit Margin (10%)Rs.27,720Rs.24,640
Total ValueRs.3,04,920Rs.2,71,040
+ Value Added Tax (12.5%)Rs,38,115 
+ State GST (6%) Rs.16,262
+ Central GST (6%) Rs.16,262
Wholesaler’s Invoice ValueRs.3,43,035Rs.3,03,564
Value to Retailer  
Cost of ProductsRs.3,43,035Rs.3,03,564
+ Profit Margin (10%)Rs.34,304Rs.30,356
Total ValueRs.3,77,339Rs.3,33,920
+ Value Added Tax (12.5%)Rs.47,167 
+ State GST (6%) Rs.20,035
+ Central GST (6%) Rs.20,035
Retailer’s Invoice ValueRs.4,24,506Rs.3,73,990


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