GST Returns for Regular Registered Dealer
A Regular Registered Dealer has to comply with GST Return requirements on Monthly/Quarterly and Annual Basis. Here, we cover a brief explanation regarding different GST Returns for a Regular Registered Dealer.
| GSTR-1 | |
| Category of tax payer | Regular Registered Dealer |
| Periodicity | Monthly/ Quarterly |
| Due Date | 10th of succeeding month/ end of quarter |
| Details to be Furnished | Details of outward supplies of taxable goods and/or services affected |
| Other Important points |
Taxpayers with sales up to INR 1.5 crore will file quarterly GSTR-1 returns. Taxpayers with sales above INR 1.5 crores will have to file monthly GSTR-1 returns. This will be applicable from July 2018 to March 2019. Late fee: The Late fee for filing GSTR-1 has been reduced to INR 50 per day and INR 20 per day (for nil return taxpayers). |
| GSTR-2 (currently suspended) | |
| Category of tax payer | Regular registered Dealer |
| Periodicity | Monthly |
| Due Date | 15th of succeeding month |
| Details to be Furnished | Details of inward supplies of taxable goods and/or services effected claiming input tax credit. |
| Other Important points |
GSTR- 2A containing Auto-populated details of inward supplies made available on the basis of Form GSTR-1 furnished by the supplier would be generated by GST portal by 11th of every month. Addition (Claims) or modification in Form GSTR-2A should be submitted in Form GSTR-2. Currently GSTR-2 is suspended |
| GSTR-3 (currently suspended) | |
| Category of tax payer | Regular registered Dealer |
| Periodicity | Monthly |
| Due Date | 20th of succeeding month |
| Details to be Furnished | Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax |
| Other Important points | The applicability of GSTR-3 is currently suspended up to March 2019. |
| GSTR-3B | |
| Category of tax payer | Regular registered Dealer |
| Periodicity | Monthly |
| Due Date | 20th of succeeding month |
| Details to be Furnished | Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax |
| Other Important points |
Form GSTR-3B is a temporary replacement of Return Form GSTR-3 which is currently suspended. This will be applicable up to March 2019. GSTR-3B once submitted cannot be revised. Every registered person is required to file NIL GSTR-3B even if there is no transactions during that month. Late fee: The Late fee for filing GSTR-3B has been reduced to INR 50 per day and INR 20 per day (for nil return taxpayers). |
| GSTR-9 | |
| Category of tax payer | Regular registered Dealer |
| Periodicity | Annually - Once in a year |
| Due Date | 31st December of next financial year |
| Details to be Furnished | GST Annual Summary Return. It basically consolidates the information furnished in the monthly/quarterly returns during the year. |
| Other Important points |
Due date for filing GSTR-9 and GSTR-9C is extended till 31st March 2019 by CBIC for FY 2017-18 It was recommended in 31st GST Council Meeting held on 22nd December 2018, to further extend the due date for filing GSTR-9 and GSTR-9C up to 30th June 2019. Late fee: For late filing of GSTR-9, a penalty of ₹ 200 per day containing ₹ 100 each under both CGST and SGST Act. The penalty, however, cannot exceed 0.25% of the total turnover of the taxpayer in the respective state or UT. |
