GST return filing will be mandatory for all GST registered businesses irrespective of if there was any activity / sale during the return filing period.
GST registration holder would have to file
GSTR-1: detailing outward supplies until 10th of each month,
GSTR-2: detailing inward supplies until 15th of each month
GSTR-3: monthly return until 20th of each month.
Composite dealers have to file GSTR-4 instead of GSTR-1, GSTR-2 and GSTR-3
Here is a brief explanation on GST return filing type
GSTR-1: It has to be filled by registered taxable supplier, it will include details of all outward supplies of taxable goods & services. The due date to file this is 10th of each month.
GSTR-2: It has to be filled by registered taxable recipient, it will include details of all inward supplies of taxable goods and services .The due date of filing this form is 15th of each month.
GSTR-3: This form will be filled automatically on the basis of outward supplies and inward supplies with the payment of tax furnished in GSTR-1 and 2. The form will be prepared by 20th of each month.
GSTR-4: This has to be filled by composite dealers instead of GSTR-1, GSTR-2, GSTR-3; this form will contain details of outward supplies, tax payable and payment of tax. The due date of filing this form is 18th of the month succeeding quarter.
GSTR-5: This has to be filed for Return of Non-Resident taxable person. The form will include the details of outward supplies, imports, input tax, tax paid and reaming stock. The form has to be filed 20th of each month.
GSTR-6: input service distributor will file this and it will include details of return for input service distributor. It has to be filed by 13th of each month.
GSTR-7:This form will contain the details of the tax deduction. Due date to file this form is 10th of each month.
GSTR-8: The GSTR-8 form will be filed by e-commerce operator or tax collector by 10th of each month and will contain the details of all supplies made through e-commerce operator and the amount of tax collected..
GSTR-9: Annual return filed by registered taxable person by 31st December of each financial year.
GSTR-10: Final return filed by taxable person whose registration has been surrendered or cancelled within three months of the date of cancellation or surrender whichever is later.
GSTR-11: Details of inward supplies to be furnished by a person who have Unique Identification Number (UIN) by 28th of the month following the month for which statement is filed.
Steps to file returns:
Uploading of invoices before supply: Every registered business needs to upload the invoices on the GST portal against which they will be issued an invoice reference number. Once invoices are properly uploaded on the GST portal or the software, then you can proceed to next step.
Filing GSTR 1, GSTR 2 & GSTR 3: Once invoices are uploaded on the software, you need to file the 3 GST return online, i.e. Outward return, Inward return and cumulative monthly return. After GST return filing, if there is any error, then you must correct it and re-file the return.
Matching of Returns: Each GST return is matched with another GST return and if there is any difference, then you must edit, modify or correct it.