GST Return Filing

GST Return Filing

All GST-registered organisations in India are required to file their GST returns on a monthly, quarterly, or annual basis, depending on how their business is run. Although this requirement may appear overwhelming, it can be easy to navigate through the required processes with the online help of GST professionals from Taxhint Advisors. The Indian government uses these to determine the country's tax responsibilities, thus taxpayers have to make sure they file their GST returns by the timeframes specified.
With Taxhint Advisors, you may easily maintain compliance while streamlining the filing of your GST returns. Take advantage of the ease with which you may view your business financials in real-time from any place with the LEDGERS GST platform. Additionally, LEDGERS seamlessly connects with the apps you currently use, guaranteeing a smooth workflow.

With Taxhint Advisors, file your GST returns right away to easily maintain your business's progress!

What is GST Return?

A GST Return is an elaborate document that documents every financial transaction made by an individual who is registered for GST, including both income and expenses. Every owner of a GSTIN is required to submit it to the tax authorities so that they can accurately calculate their net tax liability.

The filing of the GST return includes a number of essential components:

• Purchases: It keeps a thorough record of all the things the taxpayer has bought.


• Sales: It offers a thorough record of all sales activity made by the taxpayer.


• Output GST: It notes the GST charged on the taxpayer's sales.


• Input Tax Credit: The GST paid on purchases is listed on the input tax credit, which can be subtracted from the GST due on sales.

Taxhint Advisors provides GST software that is intended to simplify the process for individuals looking for advice on submitting GST returns or assistance with managing their GST compliance.

How many GST Returns are there?

13 returns under the Goods and Services Tax (GST) system address various aspects of a taxpayer's financial transactions. Recognising that not all taxpayers must file every kind of return is crucial. Depending on the taxpayer's category and the specifics of their GST registration, several types of returns must be filed.

A listing of the 13 GST returns may be seen below:

• GSTR-1: filed to reveal information about external supply, mainly the sales.


• GSTR-3B: a condensed return that lists all purchases and sales, including tax payments..


• GSTR-4: Relevant to individuals covered by the Composition Scheme, providing an overview of turnover and associated taxes.


• GSTR-5: for foreign taxpayers doing business in India that is subject to taxation.


• GSTR-5A: for companies that offer database access or retrieval services and online information.


• GSTR-6: Used by Input Service Providers to provide distribution details for input tax credits.


• GSTR-7: for organisations mandated by GST to deduct TDS.


• GSTR-8: to be submitted by online retailers who record sales through their network.


• GSTR-9: a thorough yearly return that summarises each periodical filing made during the fiscal year.


• GSTR-10: the final return following GST registration cancellation or surrender.


• GSTR-11: requesting refunds for their purchases if they have a Unique Identity Number.


• CMP-08: a quarterly tax due statement for taxpayers under the Composition Scheme.


• ITC-04: for manufacturers to disclose information regarding products that are shipped to and received by job workers.



The Invoice Furnishing Facility (IFF) allows small taxpayers registered in the Quarterly Return Monthly Payment (QRMP) program to declare their business-to-business (B2B) sales for the first two months of each quarter. However, these taxpayers must use Form PMT-06 to remit taxes on a monthly basis.

GSTR-1 (Return for Outward Supplies):

Businesses must file the GSTR-1 form, which includes information on their out-of-country supply of goods and services. This includes all invoices and adjustment notes pertaining to sales for the specified tax period. GSTR-1 must be filed by all regular taxpayers under GST, including those who are deemed casual taxable persons.

GSTR-2A (Dynamic Read-Only Return)

For recipients or buyers of goods and services, GSTR-2A is a dynamic, read-only return that records information about all incoming supply from registered GST vendors within a tax period. The data in GSTR-2A is automatically completed based on supplier GSTR-1 reports and, for those participating in the QRMP program, information from the Invoice Furnishing Facility (IFF).

GSTR-2B (Static Read-Only Return)

GSTR-2B, a static read-only return that was first introduced in August 2020, offers standardised ITC data derived from GSTR-1 filings from the prior month. In addition to offering advice on the appropriate measures for each listed invoice, such as any reversals, ineligibility, or application of the reverse charge, it helps consumers match their ITC claims for each tax period.

GSTR-2 (Deferred Return)

GSTR-2 is an editable return designed to allow registered purchasers to report their inward supply of goods and services for a certain tax period. It was supposed to be automatically filled in from GSTR-2A, but since September 2017, filing has been suspended.

GSTR-3 (Deferred Return)

For normal taxpayers, the GSTR-3 suspended monthly summary return provided clear data on inbound and outgoing supplies, input tax credits, tax liabilities, and tax payments. Deferred since September 2017, it was automatically generated from GSTR-1 and GSTR-2 filings.

GSTR-3B (Consolidated Return)

For regular taxpayers, the monthly summary declaration GSTR-3B lists all of the outgoing supply, input tax credits, and tax obligations. It is essential to reconcile sales and ITC information with GSTR-1 and GSTR-2B records prior to filing GSTR-3B.

GSTR-4 (Return for Composition Scheme Taxpayers)

For those covered by the Composition Scheme, the annual return is GSTR-4, and it must be submitted by April 30 of the following fiscal year. The previous quarterly filings were superseded by GSTR-4, and taxpayers are now required to submit a simple challan via Form CMP-08 by the 18th of the following month.
Businesses with goods turnover up to Rs. 1.5 crores are eligible to pay tax at a preset rate on their sales under the Composition Scheme. An analogous benefit is available to service providers with up to Rs. 50 lakh in annual revenue.

GSTR-5 (Return for Non-Resident Foreign Taxpayers)

Non-resident foreign taxpayers conducting business in India are obliged to file GSTR-5, which provides information on their inward and outward transactions, adjustments, tax liabilities, and payments. Submissions must be made by the 20th of every month.

GSTR-5A (Return for OIDAR Service Providers)

Due on the 20th of each month, GSTR-5A is the monthly summary required of suppliers of online information and database access or retrieval services.

GSTR-6 (Return for Input Service Distributors)

By the 13th of every month, Input Service Distributors are required to submit a GSTR-6 form detailing the ITC that they have been awarded and received, along with comprehensive records pertaining to the credit distribution process.

GSTR-7 (TDS Return)

For an entity to deduct TDS under GST, entities must file GSTR-7 monthly, which must be completed by the 10th of the next month and documents TDS deducted, amounts owed and paid, and any TDS refunds.

GSTR-8 (Return for E-commerce Operators)

Under the GST, e-commerce businesses are required to report GSTR-8 monthly by the 10th of the next month, which documents the supplies made and the tax received at source.

GSTR-9 (Annual Return)

Each year, all GST-registered taxpayers are required to file GSTR-9, which summarises their inward and outbound supply information, taxes owed, and amounts paid. Due on December 31st of the year following the