Difference between GST Challan and GST Return

              GST Challan                   GST Return
It is a one page form used to pay tax It contains details of tax paid (more than one page)
It is done first It is done later

Challan is deposited with Bank along with cash/cheque/net banking (either offline or online)

Return is deposited with concerned Tax Dept.

(either offline or online)

It is to be filed only if there is tax payable

(not in cas of GST Credit)

It is to be filed in case of both GST Payable and GST Credit
No need to pay this in case of Nil Return It is to be deposited in case of Nil Return also

(We have to deposit Challan).jpg

Difference between GST Challan and GST Return


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NORMAL  DEALER

COMPOSITION DEALER

They calculate GST Payable by deducting

OUTPUT GST

-INPUT GST

They calculate GST Payable by Paying

OUTPUT GST

At lower rate

(No Input taken)

They file Monthly Returns(GSTR3B, GSTR1, 2,3 )

+

Annual Returns

(12*2 +1=25 Returns in One Year)

They file Quarterly Returns(GSTR4)

+

Annual Returns

(1*4 +1=5 Returns in One Year)

They can make Interstate Sales as well as local Sales

They cannot make Interstate Sales. 

They can only sell within state

Higher Rate of tax is applicable

(5%,12%,18%,28%)

Rates of tax are lower

For Traders 1%

For Manufacturers  2% 1% from 1 jan 2018

For Restaurants 5%

For Other Services N/A0

It is applicable for large assesses having turnover > 75  1.5 CRORE

If turnover less than 1.5 crores,still Normal scheme can be chosen

It is applicable for small assesses having turnover upto 75    1.5 CRORE in Previous Year

 

Return to be filed.jpg

Returns to be filed by Normal Dealer


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GSTR 1

  • It contains details of All types of Sales
  • It is normally to be filed by 10th of next month


GSTR2

  • It contains details of Purchase(both Normal Charge and Reverse Charge)
  • It is normally to be filed by 15th of next month
  • Currently this return is not filed


GSTR 3

  • It contains details of Payable and Credit
  • It is normally to be filed by 20th of next month
  • Currently this return is not filed


GSTR3B

  • Since Gst was new and people were not aware how to file normal returns,GSTR1,2,3,governemnt has till March introduced simple returns called GSTR3B
  • It contains only total figures of sales and purchase
  • It is also normally to be filed by 20th of next month
  • Earlier GSTR3B was to be filed only from July 2017 to Dec 2017, Now,it has been extended to June 2018  March 2019


Annual Return

  • It is to be filed after end of year when books of accounts )Profit and loss/Balance sheet) are finalized
  • It is to be filed by 31 December of next year


Whether these Return is to be filed Quarterly or Monthly?

Monthly for Large Tax payers

  • If turnover last year was more than 1.5 crore or in current year is likely to exceed 1.5 crore it is monthly


Optional(Monthly/Quarterly) for Small Tax Payers

  • If turnover last year was upto 1.5 crore or in current year is likely to be upto 1.5 crore it is monthly

Return to be filed GSTR 1,2,3.jpg

Note:-  These are only for GSTR 1,2,3

  • GSTR 3B is to be filed monthly only
  • Also GSTR 1 was monthly for all tax payers as the amendment came later

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Returns for Composition Dealer

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Returns for Composition Dealer

  • These Dealers do not get any input
  • They pay tax directly on their sales

 

Return to be filed

  • They have to file Quarterly Return GSTR 4
  • (No need to file normal returns GSTR1,2,3,3B)

They also would have to file Quarterly Return and challan

 

Due Date for Composition Scheme

  • It is normally 18th of next Quarter
  • However Due date of Return for July-September has been extended to 24 Dec 2017

 

Period Due Date
July-Sep 2017  24 Dec 2017
Oct-Dec 2017 18-Jan-18
Jan-March 2018 18-Apr-18
April-June 2018 18-Jul-18
July-Sep 2018 18-Oct-18

Due Date for GSTR3B Return

  • Tax Along with Form GSTR3B to be filed till 20th of next month, 
  • Earlier GSTR3B was to be filed only from July 2017 to Dec 2017, Now,it has been extended to June 2018    March 2019

 

for GSTR-6

Period  Due Date
July 2017 to April 2018 31st  may 2018

 

Other Due Dates

  Dates
TRAN-02  30th June 2018
ITC-01   31st January 2017

 

Download in PDF

 

  1. GST - Goods and Services Tax, India
  2. GST Return, Challan and Invoice Format
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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 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .