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About This service

    All registered businesses have to file monthly, quarterly and/or annual GST Returns based on the type of business. A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. A registered person has to file GST returns that include: Purchases, Sales, Output GST (On sales), Input tax credit (GST paid on purchases). To file GST returns, GST compliant sales and purchase invoices are required. All registered businesses have to file monthly, quarterly and annually returns under GST. Consult MyTax has explained various types of GST Returns, format and process of filing GST Returns and much more.

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Includes/exclude

in service

  • Return filling under the GST law and type of return to be filled will be depend upon the plan you selected.
  • Preparation and summarised of data for the filling of return.
  • Accounting of business transactions is not included in this plan
  • charges may vary as per the types of returns to be filled
  • consult the charges with us before you make the payment

Whom

it’s beneficial

  • Wholesale Traders
  • ECommerce Suppliers
  • Retailers
  • Manufacturers
  • Goods Distributors
  • Freelancers
  • Service Providers
  • Business registered under GST

Process

  • Purchase Plan
  • Provide details and information
  • Get the draft computation
  • approve the draft computation
  • get the return filled

Information/Documents

needed

  • Purchase and sales register
  • Payment challan for GST

Other Information

With the mismatch input tax credit on account of excess claims or duplication claims will be communicated in Form GST MIS-1. Discrepancies not ratified will be added as output tax liability along with interest. However, within the prescribed time, if it is ratified, the recipient will be eligible to reduce this output tax liability.

What are the Conditions for filing GST Return?

  • For filing a return for a period it is necessary that valid returns for all previous period have been already filed.
  • Also, a person cannot file returns unless all the payment regarding GST had been made.

When to file GST Returns ?

The personalized GST return (Form GST34-2) will show the due date at the top of the form. The due date of your return is determined by your reporting period. We can charge penalties and interest on any returns or amounts we have not received by the due date. If you are closing a GST/HST account, you need to file a final return.

You have to file a GST/HST return even if you have:

  • no business transaction
  • no net tax to remit
  • When a due date falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, your payment is on time if we receive it on the next business day.

What are the consequences for filing a GST return late?

If you do not file your return on time, the CRA may charge a penalty. If you have an overdue amount, we will charge interest.

We will hold any GST/HST refund or rebate you are entitled to until we receive all outstanding returns and amounts.  This includes all amounts payable and returns required under other programs administered by the CRA. We can also use any GST/HST refund or rebate that you are entitled to receive to pay that outstanding amount.

What are the  different Types of Returns under GST?

1. GSTR 3B:

To ease the process of migration of taxpayers to the new tax regime from the previous ones, Government introduced an interim return form of GSTR 3B for the month of July and August. It was more in line of self-declaration where taxpayers can list out the invoice details for the first two months.

2. GSTR 1:

This form is to provide the details of the outward supplies of goods and services to the Department. It has to be filed by the 10th of every following month. This forms the base of the further submission of forms in the month.

3. GSTR 2A:

This is an auto-populated form which allows the recipients to see and check the details filed by the supplier.

4. GSTR 2:

This form provides the details of the inward supplies of good and services as approved and ratified by the recipient of the goods or services. This has to be filed by 15th of the following month.

5. GSTR 1A:

This is an auto-populated form that gets generated after the filing of GSTR 2 on every 15th of the following month. It reflects the changes made by the recipient and goes to the supplier who either accepts or rejects those changes.

6. GSTR 3:

This is the auto-populated form which contains all the details filed under GSTR 1 & GSTR 2. This would allow the department to calculate the tax payable after taking into consideration of Input Tax Credit availability.

7. GSTR 4A:

This form is for those taxpayers who have opted for Composition Scheme. It is generated on a quarterly basis and contains the details of the inward supplies as reported in GSTR 1.

8. GSTR 4:

This form contains the details furnished in the auto-populated form of outward details. It has to be filed by the 18th of the following month after each quarter.

9. GSTR 5:

This form has to be filed by the Foreign Non-Resident Taxpayer providing the details of outward supplies, imports, tax paid, input tax availed, if any, and if there is any remaining stock. This is a monthly submission form which needs to be filed by 20th of the following month.

10. GSTR 6A:

This form is generated on 11th of the following month after supplier has filed its GSTR 1. This is an auto-populated form generated for the Input Service Provider.

11. GSTR 6:

Once the details mentioned in GSTR 6A are accepted and ratified, GSTR 6 is generated and filed by the Input Service Provider on 13th of the month.

12. GSTR 7:

It is the form for submission of details of Tax deductions made in the month. It needs to be filed on 10th of the following month.

13. GSTR 7A:

It is a TDS certificate generated once GSTR 7 is filed by the Tax Deductor. It is for record keeping purpose by the assesse.

14. GSTR 8:

This return contains all the supplies made by the e-commerce seller. It also contains details of the Tax deducted at source. This form need to e filed at 10th of the following month.

15. GSTR 9:

This is an annual return which needs filing by every taxpayer by 31st of the following financial year. It contains the details of all 12 GSTR 3 filed through the financial year.

16. GSTR 9A:

This is the annual return to be filed the taxpayers who have opted for composition of tax. It also has to be filed by 31st December of the coming financial year and comprises of details filed under the quarterly returns.  

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