Filing of GST returns under the GST regime is very crucial because non-compliance and delay in filing of same will result in huge penalties and affect your compliance rating and timely refunds.

So Let us understand what is GST Return? A return is a document containing details of activities carried on by the taxpayer, which are required to be shown to the tax authorities so that they can calculate the tax liability of the transaction.

Who is Registered dealer Under GST Regime, Registered dealer is the person who is registered under Goods and Services tax Act whether under Regular scheme or under composition scheme.

Under GST, a registered dealer has to file GST returns related to

Purchase (From registered dealer as well as unregistered dealer)

Sales (Whether made to registered dealer or unregistered dealer )

Output GST (On sales)

Input tax credit (GST paid on purchases)

Every dealer has to ensure the GST invoices are issued as per the provisions of GST Act and regulations made there under. To claim the benefit of input GST all the necessary details should be there on Purchase invoice.

You can get the Format of Invoices to be issued by sending a mail to

Let us understand Who has to file GST Returns?

In the GST regime, any regular registered dealer has to file three monthly returns and one annual return. That means A registered dealer has to file total 37 returns in a year. Well The beauty of the GST system is that, you just have to fill the information in GSTR 1 and detail in remaining forms i.e. GSTR2 and GSTR3 will be auto-populated and one only needs to verify the same.

Different kind of returns to be filed under GST

1. Regular Dealer

gst returns

Note : Initially for the month of Jul and Aug 17, the govt has extended the date of filing of Returns and GSTR3B (Summary Return) is to be filed additionally. gst returns jul and aug 17

Late fee & Penalty

Filing GSTR-3B is mandatory. Even if a business has no transactions during July, it will still have to file nil return. If the same is not filed by the due date then interest and penalty will be levied. Interest is 18% per annum. It has to be calculated by the tax payer on the amount of outstanding tax to be paid. Time period will be from the next day of due date of filing to the date of payment. Late fee is Rs. 100 per day. Maximum is Rs. 5,000. This will be calculated by the GST Portal.

2. A dealer opting for composition scheme : A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:

return for composite dealer

3. Returns for specific dealers specific returns


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