GST Return Filing ( GSTR-1 and 3B)

Overview

There are a total of 22 types of GST returns, out of which only 11 are active. GSTR-1 is a return that contains a summary of the sales of a particular month of a taxpayer. It contains details of outward supply, i.e., goods or services sold while GSTR-3B is a self-declared summary return filed by a taxpayer by the 20^th of the next month. It needs to be compulsorily filled even in the case of zero liability.

GSTR-1

Who should file

Every person who is regsiteres under GST should file GSTR-2 or they shall be subject to penalty.

Who are exempted from filing

• Input Service Distributors
• Composition Dealers
• Suppliers of online information and database access or retrieval services (OIDAR), who have to pay tax themselves (as per Section 14 of the IGST Act)
• Non-resident taxable person
• Taxpayer liable to collect TCS
• Taxpayer liable to deduct TDS

Due date

22/24 of the subsequent month.

GSTR-3b

Who should file

Every person who is regsiteres under GST should file GSTR-2 or they shall be subject to penalty.

Who are exempted from filing

• Taxpayers registered under the Composition Scheme
• Input service distributors
• Non-resident suppliers of OIDAR service
• Non-resident taxable persons

Due date

11/13 of the subsequent month

PENALTY FOR LATE FEES

• If there has been no turnover, then the penalty for late GSTR filing is Rs. 500, divided equally between CGST and SGST.
• If the turnover in the previous year is up to Rs. 1.5 crores, then the penalty for late GSTR filing is Rs. 2000, divided equally between CGST and SGST.
• If the turnover in the previous year is more than Rs. 1.5 crores but less than Rs. 5 crores, then the penalty for late GSTR filing is Rs. 5000, divided equally between CGST and SGST.
• If the turnover in the previous year is more than Rs. 5 crores, then the penalty for late GSTR filing is Rs. 2000, divided equally between CGST and SGST.

QRMP scheme

The QRMP scheme came into effect in January 2021. QRMP expands to Quarterly Return Monthly Payment which allows businesses that have a turnover less than Rs. 5 crores, to submit the GST return quarterly, instead of monthly.

GSTR-3b due date according to state

The due date is 22^nd for monthly as well as quarterly payments for businesses with turnover less than Rs. 5 crores, if the registration has been done in the following states and union territories:

• Chhattisgarh,
• Madhya Pradesh,
• Gujarat,
• Dadra and Nagar Haveli and
• Daman and Diu,
• Maharashtra,
• Karnataka,
• Goa,
• Lakshadweep,
• Kerala,
• Tamil Nadu,
• Puducherry,
• Andaman and Nicobar Islands,
• Telangana and
• Andhra Pradesh

The due date is 24^th for monthly as well as quarterly payments for businesses with turnover less than Rs. 5 crores, if the registration has been done in the following states and union territories:

• Jammu and Kashmir,
• Ladakh,
• Himachal Pradesh,
• Punjab,
• Chandigarh,
• Uttarakhand,
• Haryana,
• Delhi,
• Rajasthan,
• Uttar Pradesh,
• Bihar,
• Sikkim,
• Arunachal Pradesh,
• Nagaland,
• Manipur,
• Mizoram,
• Tripura,
• Meghalaya,
• Assam,
• West Bengal,
• Jharkhand and
• Odisha

However, if the turnover in the previous year exceeds Rs. 5 crores, then the due date is 20^th of every month.