When GST was introduced

The original concept was that 3 Returns were to be filed

GSTR1-->For Details of Sales and Output

GSTR2-->For Details of Purchase and Input

GSTR3--->GST Payable or Credit

 

But What actually happened was

Only GSTR1 was Introduced

GSTR2 and GSTR3 were not introduced

In its place GSTR3B was introduced

Slide 2.jpg

 

 

So Currently Only 2 Returns are Filed

GSTR1+GSTR3B for Regular Dealers

 

Also Annual Return is filed in some Cases

 


What is GSTR1?

This Return contains bill vise details of different Sales Invoices

These Invoices may be B2B (Business to Business),B2C (Business to Consumer) or Export

It also contains details of Credit Note Debit Note Issued (for cases like Sales Return etc)

 

How is GSTR1 filed? -Quarterly or Monthly

If turnover more than 1.5 crore in last year  

GSTR1 is Monthly

(or likely to exceed 1.5 Cr in current year)

Due date is 11th of Next Month

Example

GSTR1 Due date for Oct is 11 Nov

 

If turnover upto 1.5 Crore in current year

GSTR1 can be Quarterly or Monthly as per choice of taxpayer

Due date for Quarterly Scheme is One Month from end of  Quarter

Example GSTR1 due date for Oct-Dec is 31 Jan 2020

gstr1 due date 2021.png


GSTR3B

it contains summary of Sales, Purchase, Output, Input and GST Payable of Month

It is always filed monthly for all (turnover does not matter)

 

What is Due date of GSTR3B

Till Dec 2019

Due date of GSTR3B was 20th of Next Month

Example- Due date for Dec was 20 Jan 2020

From Jan 2020

There are now 3 Due dates 

20th/22nd/24th of Next Month

 

If Turnover More than 5 Crores

GSTR3B is 20th of Next Month

 

If turnover upto 5 Crores

Part of India Due Date States Covered
Central, West and South India 22nd of Next Month  Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep
North and East India 24th of Next Month  Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi 

 

QRMP Scheme from 1 Jan 2021

Earlier, Every Person had to compulsorily file GSTR3B Monthly
Now, if turnover upto 5 crores, Person can file Quarterly GSTR3B
However, challan is to be paid Monthly
This scheme is Called QRMP Scheme
(Quarterly Return Monthly Payment Scheme)

GSTR3b monthly or quarterly.png

What are GSTR3B Return Due Dates for QRMP Scheme

It is 22nd or 24th of Next Quarter
(22nd in Central ,West and South India and 24th in North and East India)
Example
Jan-Mar-->22 April OR 24 April
Apr-June-->22 July or 24 July

latest gstr3b due dates.png

 


What is Challan Due Date in QRMP Scheme

As we know that even in QRMP Scheme, Challan is to be paid monthly
Due date is 25th of next month for Month 1 and 2 of Quarter
For Last Month ,Challan is to be paid before filing GSTR3B Return
challan paid in qrmp scheme.png

SUMMARY

RETURNS TO BE FILED GSTR3B.png

 


What is Annual Return

It is to be filed after end of year when books of accounts )Profit and loss/Balance sheet) are finalized

It is normally to be filed by 31 December of next year. 

Example

For FY 2017-18 ,original due date was 31 Dec 2018

For FY 2018-19 ,original due date was 31 Dec 2019

For FY 2019-20 ,original due date is 31 Dec 2020

However Due date for 2017-18 has been extended to 5 Feb 2020/7 Feb 2020

FY 2017-18 Due Date States Covered
Type 1 States 05-Feb-2020 Chandigarh, Delhi, Gujarat, Haryana, Jammu and Kashmir, Ladakh, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand.
Type 2 States 07-Feb-2020 Andaman and Nicobar Islands, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Lakshadweep, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Puducherry, Sikkim, Telangana, Tripura, West Bengal, Other Territory.

 

 

Filing Annual Return Optional for FY 2019-20

If a turnover upto 2 Crore, then Filing of Annual Return was optional

for FY 2017-18 and FY 2018-19

Now it has been extended to FY 2019-20 also (Notification 77/2020)

annual return due date.png

 

 

What are Form No for Annual Return

Form No is GSTR 9 for Normal Tax Payers

Also those whose turnover is more than 2 cr in 2017-18 have to file additional form GSTR 9C

(This limit exceeded to 5 Crore in 2018-19

 

 

Changes In GST (37th GST Council meeting held in Goa)

Annual return GSTR 9 is to be made optional, if turnover upto 2 Crore for F.Y. 2017-18 & 2018-19.

 

What is GSTR9C

It is an additional form, which is to be filed by those taxpayers whose turnover exceeds Rs 2 crore during financial year.

(This limit extended to 5 Crores for FY 2017-18,FY 2018-19 and FY 2019-20)

It is a reconciliation of figures between Annual return and audited financial statements

it is prepared and furnished by CA 

 

GSTR9C Limit Extended to 5 Crore for FY 19-20 also

GSTRC is an additional form, which is to be filed by those taxpayers whose turnover exceeds Rs 2 crore during financial year.

(This limit extended to 5 Crores for FY 2017-18,FY 2018-19

Now it has been extended to FY 2019-20

 

GSTR9 and 9C.png


Extension of GSTR1 Due date due to lockdown
(Notification 33/2020)
Due to lockdown ,No Late fees will be paid if GSTR1 for the Month of Mar,Apr,May and Jan-Mar 2020 filed till 30 June 2020

If filed late, then late fees from original date will be applicable

GSTR1 Monthly Due dates for 2020

Month Original Due date No Late fees if file by
Jan-20 11-Feb-20  
Feb-20 11-Mar-20  
Mar-20 11-Apr-20 30-Jun-20
Apr-20 11-May-20 30-Jun-20
May-20 11-Jun-20 30-Jun-20
Jun-20 11-Jul-20  
Jul-20 11-Aug-20  
Aug-20 11-Sep-20  
Sep-20 11-Oct-20  

 

GSTR1 Quarterly Due dates for 2020

Month Original Due date No late fees if filed by
Jan-Mar 2020 30-Apr-20 30-Jun-20
Apr-june 2020 31-Jul-20  
July-Sep 2020 31-Oct-20  

 

Extension of GSTR3B Due dates because of lockdown

(Notification 32/2020)
Due to lockdown,No Late fees will be paid if GSTR3B is filed as per following due dates

If filed late,then late fees from original date will be applicable

 

If turnover more than 5 crores in last year

Month Original Due date No Late fees if filed by
Jan-20 20-Feb-20  
Feb-20 20-Mar-20  
Mar-20 20-Apr-20 24-Jun-20
Apr-20 20-May-20 24-Jun-20
May-20 20-Jun-20 24-Jun-20
Jun-20 20-Jul-20  
Jul-20 20-Aug-20  
Aug-20 20-Sep-20  
Sep-20 20-Oct-20  

If turnover between 1.5 to 5 crore in last year

Month Original Due date No Late fees if filed by
Jan-20 22 Feb/24 Feb  
Feb-20 22 mar/24 Mar 29-Jun-20
Mar-20 22 Apr/24 Apr 29-Jun-20
Apr-20 22 May/24 May 30-Jun-20
May-20 22 June/24 June  
Jun-20 22 July/24 July  
Jul-20 22 Aug/24 Aug  
Aug-20 22 Sep/24 Sep  
Sep-20 22 Oct/24 Oct  

 

If turnover is upto 1.5 Crore in last year

Month Original Due date No Late fees if filed by
Jan-20 22 Feb/24 Feb  
Feb-20 22 mar/24 Mar 30-Jun-20
Mar-20 22 Apr/24 Apr 03-Jul-20
Apr-20 22 May/24 May 06-Jul-20
May-20 22 June/24 June  
Jun-20 22 July/24 July  
Jul-20 22 Aug/24 Aug  
Aug-20 22 Sep/24 Sep  
Sep-20 22 Oct/24 Oct  
  1. Taxation for CA, CS, CMA Exams May - June 2019
  2. GST for Exams

Transcript

Now Quarterly GSTR3B Returns if Turnover Upto 5 Crores EARLIER NOW Till Dec 2020 from 1 Jan 2021 Monthly GSTR3B Return If Turnover upto 5 Cr Quarterly GSTR3B Return or Monthly GSTR3B (as per Choice) GSTR3B DUE DATES If Turnover more than 5 Cr (In Last Year) If Turnover upto 5 Cr Diff Dates State Wise Type 1 Central, West and South India Type 2 North and East India 20th of Next Month If Monthly Scheme 22nd of next Month 24th of next Month If Quarterly Scheme 22nd of next Quarter 24th of next Quarter How is Challan to Be Paid in QRMP Scheme? QRMP =QUARTERLY RETURN MONTHLY PAYMENT GSTR Return to be filed Quarterly By 22/24th of Next Month Period GSTR3B Date Jan-Mar 22 April/24 April Challan is to be paid Monthly By 25th of Next Month for Month 1 and Month 2 Month Challan Date Jan 25-Feb Feb 25-Mar Mar GSTR3B Due Date (22 Apr/24 Apr How is Challan Amt Determined? Fixed Sum Method Self Assessment Method 35% of Tax of Last Quarter (If Last GSTR3B Quarterly) or 100% of Tax of Last Month (If Last GSTR3B Monthly) Normal Procedure of Calculating Input and Output (after checking GSTR2A) Challan Amount for First 2 Months (If Last GSTR3B Monthly) 100% of Tax of Last Month Example In Dec, we file GSTR3B Monthly Now we file GSTR3B Quarterly for Jan-Mar Dec Output 5000 Input 4000 GST Payable 1000 Tax to be Paid in Jan-Mar Jan 1000 Feb 1000 march (Actual Calculation) Jan-Mar Suppose, Output 10000 Suppose, Input 6000 GST Payable 4000 Less Chalan already paid Jan 1000 Feb 1000 Bal Challan in March 2000 Challan Amt for First 2 Months (If Last GSTR3B Quarterly) 35% of Tax of Last Quarter Jan-Mar Output 10000 Input 6000 GST Payable 4000 Tax to be Paid in Apr-June Apr 1400 (4000*35%) May 1400 (4000*35%) June (Actual Calculation) Apr-June Suppose, Output 12000 Suppose, Input 7000 GST Payable 5000 Less Challan already paid ANNUAL RETURN (GSTR9) DUE DATE To be filed by Next Year December end 2017-18 2018-19 2019-20 Due Date (Original) 31-Dec-18 31-Dec-19 31-Dec-20 Due Date (Extended) 05 Feb 2020 Or 07 Feb 2020 30-Jun-2020 28-Feb-2021 Not compulsory if Turnover upto 2 Crores

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.