Home Knowledge Base 11 Types of Returns in GST. What are they? Know ’em all...

11 Types of Returns in GST. What are they? Know ’em all here

SHARE
3

Types of tax returns under GST

GSTR1

The return for outward supplies on monthly basis made

GSTR1 contains the following details:

The particulars of intrastate B2B and B2C sales together with the total buying under interstate stock transfers and reverse charge made during the tax period.

GSTR2

It is a monthly return filed for inward supplies received.

GSTR2 contains the following details:

  • The information of the tax payer
  • Final invoice-level purchase info associated with the tax period
  • Period of return

GSTR3

It is combined monthly tax return.

It contains the following details:

  • The basic info of the tax payer
  • Period of return
  • Details of final aggregate-level inward & outward supply
  • Turnover details
  • Total tax liability under IGST, CGST and SGST
  • Additional tax (+1% tax)
  • Cash, ITC and liability ledgers related information
  • Interests, fees and penalties related details.

GSTR4

This is a Quarterly return for compounding vendors

GSTR4 contains the following details:

  • Value of supply made through the return period
  • Invoice-wise details for inward supplies if these are either imports or purchased from normal taxpayers.
  • Details of the tax paid at the compounding rate for the return period

GSTR5

It is a Variable return for Non-resident foreign taxpayers.

GSTR5 contains the following details:

  • Basic Details of the taxpayer
  • Period of return
  • Invoice details of the imports by the tax payer within Indian for the registered time period
  • Invoice details of all goods and services either sold or purchased

GSTR6

It is a monthly return for ISDs

GSTR6 contains the following details:

  • Basic info of the taxpayer
  • Period of return
  • Invoice details
  • Supply details of invoice-level from the GSTR-1 of counter parties
  • Details of the separate ISD ledger containing the opening ITC balance for the period
  • GSTIN of the taxpayer receiving the credit
  • Credit for ITC services received
  • Debit for ITC reversed
  • Debit for ITC distributed
  • Closing balance

GSTR7

It is the monthly return for TDS transactions.

GSTR7 contains the following details:

  • Basic info of the tax payer
  • Period of return pertains
  • GSTIN of the supplier
  • Invoices for which the tax has been deducted
  • Details of interests and penalties

GSTR8

It is the monthly return for ecommerce operators.

GSTR8 contains the following details:

  • Basic info of the tax payer
  • Period of return
  • Supplies made through the e-commerce portal by registered taxable persons or unregistered persons
  • Basic Information of the Customers, registered taxpayers or non-registered taxpayers
  • Total tax collected at source
  • Payable tax amount
  • Paid tax amount

GSTR9

It is the annual consolidated tax return

GSTR9 contains the following details:

  • Details of the taxpayer’s income
  • Details of the taxpayer`s expenditure

These income and expenditure details are rearranged as per the monthly returns filed by the tax payer.

GSTR10

It is final GST return before withdrawing the GST registration and is paid at the time of termination of any business activities for ever or cancelling the GST registeration.

GSTR10 contains the following details:

  • Details of all supplies
  • Details of all liabilities
  • Details of the amount of tax collected
  • Details of tax payable amount and other details

GSTR11

It is the flexible tax return for taxpayers with UIN

GSTR11 contains the following details:

Details of purchases made by foreign embassies & diplomatic missions for their own usage during a specific month

SHARE
Next articleGST Rules