GSTR 1 – Furnishing details of outward supplies

The details of outward supplies of both goods and service are required to be furnished by every registered person in form GSTR 1.

Due date of submission of GSTR 1

  • GSTR 1 for a particular month is filed on or before the 10th month of the immediately succeeding month.
  • GSTR 1 cannot be filed during the period from 11th day to 15th day of month succeeding the tax period.
  • GSTR 1 can be filed on or after 16th of a month , if due date of 10th is missed.
  • GSTR 1 can be filed any time btw 1st and 10th day of the succeeding month.

 

GSTR 2 – Furnishing details of outward supplies

The details of inward supplies of both goods and services received are required to be furnished by every registered person.

Due date of submission of GSTR 2

  • GSTR 2 for a particular month is filed after the 10th day but on or before the 15th day of the immediately succeeding month.
  • The due date of filling GSTR 2 may be extended by the commissioner or commissioner of state GST or commissioner of UTGST for a class of taxable person by way of notification.

 

Communication of details of GSTR 1 to the recipient of supply 

  • Supplier files details of his outward supplies of a month in form GSTR 1 by 10th day of the month succeeding the relevant month
  • GSTR 1 furnished by the supplier is made available to the recipient in part A of form GSTR 2A after 10th day of month succeeding the relevant month
  • Recipient reviews GSTR 2A and files details of his inward supplies in form GSTR 2 after making modifications , if any , after 10th day but on or before 15th day of succeeding month of relevant month
  • Modifications made by the recipient in GSTR 2 are made available to the supplier in form GSTR 1A . The supplier can accept or reject the modifications made by the recipient btw 15th day and 17th day of the month succeeding the relevant month
  • If the supplier accept the modifications, GSTR 1 filled by him will be amended to that extent .
  • Such amended details of outward supply are reflected in form GSTR 3 to b filled by the supplier on or before 20th day of the month succeeding the relevant month

Steps for return filling

Step 1 – filling of GSTR 1  by supplier

Step 2 – auto – population of GSTR 2A

Step 3 – finalization and filling of GSTR 2 by recipient

Step 4 – reconciliation of outward and inward supplies

Step 5 – payment of taxes and submission of GSTR 3

Step 6 – finalization of GSTR 3

 

GSTR 3B – summary for outward supplies and inward supplies

  • GSTR 3B is a simple return containing summary of inward and outward supplies.
  • GSTR 3B can be submitted electronically through common portal.

First return

When a person becomes liable to registration after his turnover crossing the threshold limit of RS 20 lakh he may apply for registration within 30 days of so becoming liable.

Annual return

  • All taxpayers filing return in GSTR 1 to GSTR 3 are required to file annual return.
  • Annual return needs to be filed by 31st December of next financial year.

Final return

  • Every registered person who is required to furnish returns and whose registration has been surrendered or cancelled shall file a final return electronically in form GSTR 10 through the common portal.

Return

Description Who files ?

Date of filling
GSTR 1 Outward supplies Registered person 10th of next month
GSTR 2 Inward supplies Registered person 15th of next month
GSTR 3 Monthly return for normal taxpayer Registered person 20th of next month
GSTR 4 Quarterly return Taxable person opting for composition levy 18th of the month succeeding the quarter
GSTR 5 Monthly return for non resident taxpayer Non resident tax payer 20th of next month
GSTR 9 Annual return Registered person 31st December of next financial year
GSTR 10 Final return Taxable person whose registration has been surrendered or cancelled Within 3 months of date of cancellation or date of order of cancellation , which ever is later