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GST R-1
GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e sales.
Form GSTR-1 is a statement in which a regular dealer needs to capture all the outward supplies made during the month. Broadly, the GSTR 1 format requires - all the outward supplies made to registered businesses (B2B) to be captured at invoice level, and supplies made to unregistered business or end consumers to be captured at a rate-wise level. However, in certain exceptional scenarios, even B2C transactions are required to be captured at the invoice level.
GSTR-3B
GSTR-3B is the summary return that taxpayers must file regularly to show details of sales, ITC claims, tax liability, refunds, etc recorded on their GSTIN. This article gives a comprehensive overview of GSTR-3B and its applicability. Clear provides an end-to-end GSTR-3B filing solution with advanced features for automating sales and ITC reconciliations, maximising ITC claims, Table-4 reporting, ITC offset, vendor communication and filing.
GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B.
A : A separate GSTR-3B must be filed for every GSTIN
B : The GST liability must be paid on or before the date of filing GSTR-3B, earlier of its due date.
C : The GSTR-3B once filed cannot be revised
D : Even in case of a zero liability, GSTR-3B must be compulsorily filed.
GSTR-4
GSTR-4 is the annual GST Return that has to be filed by a composition dealer. Unlike a regular taxpayer who is required to furnish 2 monthly returns and an annual return (with certain exemptions), a dealer opting for the composition scheme is required to furnish one return every quarter in Form CMP-08 and Form GSTR 4 once a year by the 30th day of April, following the financial year.
A taxpayer opting for the composition scheme is required to file GSTR-4. It also covers the special composition scheme notified for the service providers vide the CGST (Rate) notification number 2/2019 dated 7th March 2020 with effect from FY 2019-20.
GSTR-10
A taxable person whose GST registration is cancelled or surrendered has to file a return in the form GSTR-10. This return is called a final return. GSTR-10 is the return to be filed by the registered taxable persons who have opted for the cancellation of the GST registration. A taxable person who opts for cancellation of GST registration has to file a final return under GST law in this form within three months.
1 : Input Service Distributors (ISD)
2 : Composition scheme taxpayers
3 : Non-Resident Taxable Person (NRTP)
4 : Persons required to deduct TDS under Section 51 of the CGST Act.
5 : Persons required to collect TCS at source Section 52 of the CGST Act.
