With the aim of “One Nation One Tax”, Goods and Services Tax (GST) was introduced in India on 1st July 2017 to unify different indirect taxes. The commencement of the GST regime in India brought with itself the concept of GST return - a document in which the taxpayer under the Goods and Services Tax (GST) needs to file the details of his/her income to the tax authorities. All business entities need to get themselves separately registered under the GST regime and file their GST return in an online or offline mode.

As per the 37th GST Council Meeting, a new GST return mechanism has taken its presence in the GST regime from April 2020 (in acceptance of the proposal from October 2019).

Eligibility for GST Return Filing in New Delhi

All business dealers and entrepreneurs who are registered under the GST mechanism have to mandatorily file the GST returns in the relevant GST form either in online mode or offline.

The types and number of GST returns to be filed depend on the taxpayer’s type, such as:

• Regular Taxpayer
• TDS Deductor
• Composition Dealer
• Distributor (ISD)
• E-commerce Operator
• Non-resident Taxpayer
• Input Service Provider, etc.

In general, two monthly returns (GSTR-1, GSTR-3B) have to be filed by a regular taxpayer along with an annual return (GSTR-9/9C) for each GST registration, summing up to a total of 25 GSTRs to be filed in a year.

Types of GST Returns

1. GSTR – 1: Return for Outward Supplies

GSTR-1 is a monthly return that reflects outward supplies carried out by a normal taxpayer registered under GST. In simple words, GSTR-1 is a monthly return that contains the sales transactions executed by a business in a specific month.

Who Must File GSTR-1?

Every normal taxpayer who is registered under GST needs to file GSTR-1 every month. This return reflects detailed information about:

• Invoices
• Debit Notes
• Credit Notes
• Revised Invoices issued in relevance to the outward supplies

Due Date to File GSTR-1

The deadline to file GSTR-1 is 10 days from the completion of the month in relevance to which the return is to be filed. In some cases, the due date can be deferred beyond the 10th date by the commissioner, but the reason must be notified.

Two Types of GSTR-1 Returns Based on Turnover

*(Subject to notification issued by the government.)

2. GSTR – 2: Return for Inward Supplies

GSTR-2 is a monthly return that reflects the inward supply of goods and services in agreement with the recipient of such goods and services. In simple terms, GSTR-2 contains detailed information about the purchases made by the recipient in a specific month. The information in GSTR-2 gets auto-populated with the details available in GSTR-2A.

Who Must File GSTR-2?

Every normal taxpayer registered under GST needs to file GSTR-2 to provide details about inward supplies or purchases made each month.

Due Date to File GSTR-2

The 11th and 15th date of the succeeding month is the deadline to make any changes in the return and to file the same.

Penalty on Late Filing of GST Return in New Delhi

GSTR filing is mandatory for all the dealers and businesses registered under GST, including those who have nil returns. Late filing of GSTR leads to imposition of late filing fees along with penalty interest.

Late Filing Fees Applicable to Intra-State Dealings

Note:

• The maximum late filing fees for each monthly or quarterly filing cannot exceed ₹5000 for each CGST and SGST.
• The maximum late filing fee for each GSTR-9 cannot exceed 0.25% of the annual turnover.

Process of GST Return Filing in New Delhi

Here’s the step-by-step process to file GSTR:

1. Login and Go to the GSTR-1 page.
2. Choose the quarterly or monthly GSTR.
3. Generate the summary of GSTR-1.
4. Fill in the detailed information for the current tax period, including any amendments.
5. Preview GSTR-1.
6. Verify and Submit GSTR-1 to save the data entered.
7. E-file the GST Return-1 with DSC or EVC.

Get Professional Assistance!

For any assistance related to GST Returns and Filing, get in touch with Nayan Saluja & Company today!