Other Returns

SECTION : Returns in GST

  • Lesson Objectives

    On completion of this lesson, you will be able to understand:

    ·      Annual Return

    ·      Final Return

    ·      Return for Composition Tax Payers

    ·      TDS and TCS

    ·       Revision of Return


    Please go through the Third Video of Chapter 12.

    All taxpayers filing return in GSTR-1 to 3 and taxpayers under composition scheme are required to file an annual return.


    Ø  Casual taxpayers, nonresident taxpayers, ISDs and persons authorized to deduct tax at source are not required to file annual return.


    Annual Return and Final Return

    Annual Return has to be filed by every registered taxable person paying tax as a normal or a compounding taxpayer. Final Return has to be filed only by those registered taxable persons who have applied for cancellation of registration.


    This has to be filed within three months of the date of cancellation or the date of cancellation order.


    Composition Tax Payers

    Composition tax payers do not need to file any statement of outward or inward supplies. They have to file a quarterly return in Form GSTR-4 by the 1st of the month after the end of the quarter.


    Since they are not eligible for any input tax credit, there is no relevance of GSTR-2 for them and since they do not pass on any credit to their recipients, there is no relevance of GSTR-1 for them.


    In their return, they have to declare summary details of their outward supplies along with the details of tax payment. They also have to give details of their purchases in their quarterly return itself, most of which will be auto populated.




    Input Service Distributors (ISDs)

    The ISDs need to file only a return in GSTR-6 and the return has the details of credit received by them from the service provider and the credit distributed by them to the subsidiaries. Since their return itself covers these aspects, there is no requirement to file separate statement of inward and outward supplies.


    TDS Deductors

    Under GST, the Deductor will be submitting the Deductee wise details of all the deductions made by him in his return in Form GSTR-7 to be filed by 10th of the month next to the month in which deductions were made.


    TDS Deductee

    The details of the deductions as uploaded by the Deductor shall be auto populated in the GSTR-2 of the Deductee. The Taxpayer shall be required to confirm these details in his GSTR-2 to avail the credit for deductions made on his behalf.


    To avail this credit he does not require producing any certificate in physical or electronic form. The certificate will only be for record keeping of the tax payer and can be downloaded from the Common Portal.


    Revision of Return

    In GST since the returns are built from details of individual transactions, there is no requirement for having a revised return. Any need to revise a return may arise due to the need to change a set of invoices or debit/ credit notes.


    Instead of revising the return already submitted, the system will allow changing the details of those transactions (invoices or debit/credit notes) that are required to be amended. They can be amended in any of the future GSTR-1/2 in the tables specifically provided for the purposes of amending previously declared details.


    Consequence of not filing the return within the prescribed date

    A registered taxable person who files return beyond the prescribed date will have to pay late fees of rupees one hundred for every day of delay subject to a maximum of rupees five thousand.


    How can taxpayers file their returns?

    Taxpayers will have various modes to file the statements and returns.


    a)     Firstly, they can file their statement and returns directly on the Common Portal online. However, this may be tedious and time taking for taxpayers with large number of invoices. For such taxpayers, an offline utility will be provided that can be used for preparing the statements offline after downloading the auto populated details and uploading them on the Common Portal.


    b)    GSTN has also developed an ecosystem of GST Suvidha Providers (GSP) that will integrate with the Common Portal.


    c)     A registered taxpayer person can also get his return filed through a Tax Return Preparer, duly approved by the Central or the State tax administration.


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