TMI BlogReturns in GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... yer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/TCS), a person granted Unique Identification Number. It is important to note that a taxpayer is NOT required to file all the types of returns. In fact, taxpayers are required to file returns depending on the activities they undertake. The GST Council has however recommended to ease the compliance requirements for small tax payers by allowing taxpayers with annual aggregate turnover up to ₹ 1.5 Crore to file details of outward supplies in FORM GSTR-1 on a quarterly basis and on monthly basis by taxpayers with annual aggregate turnover greater than ₹ 1.5 Crore. Further, GST Council has recommended to postpone the date of filing of For ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Taxable Person opting for Composition Levy 18th of the month succeeding the quarter GSTR-5 Monthly return for a non-resident taxpayer Non-resident taxpayer 20th of the month succeeding tax period within 7 days after expiry of registration GSTR-5A Monthly return for a person supplying OIDAR services from a place outside India to a non-taxable online recipient Supplier of OIDAR Services 20th of the next month GSTR-6 Monthly return for an Input Service Distributor (ISD) Input Service Distributor 13th of the nex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tered persons having aggregate turnover of more than 1.5 Crore rupees shall furnish these returns on a monthly basis. Filing of GSTR-2 and GSTR-3 has been postponed till a further announcement in this regard is made. Calendar for Return filing The due dates for filing various GST returns may vary from the Standard dates mentioned in the table above. Various notifications are issued from time to time in this regard and as per the notifications issued till 29/12/2017. Return Category of Taxpayer Time Period Due Date GSTR-3B All taxpayers to file along with payment of tax Every month till March 2018 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Note: Due dates have not been notified for GSTR-2 and GSTR-3 for any of the months. That is, a taxpayer need not file GSTR-2 and GSTR-3 for any of the months from July 2017 until a notification is issued in this regard mentioning the due dates. Till such time, Form GSTR-3B is required to be filed by tax payers instead of Form GSTR-3. Revision of Returns: The mechanism of filing of revised returns for any correction of errors/omissions has been done away with. The rectification of errors/omissions is allowed in the return for subsequent month(s). However, no rectification is allowed after furnishing of the return for the month of September following the end of the financial year to which such details pertain, or furnish ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and Auto-Reversal: 1. It is a mechanism to prevent revenue leakage and to facilitate availment of eligible and rightful ITC by taxpayers. 2. The process of ITC Matching begins after the due date for filing of the return (20th). This is carried out by GSTN. 3. The details of every inward supply furnished by the taxable person (i.e. the recipient of goods and/or services) in form GSTR-2 shall be matched with the corresponding details of outward supply furnished by the corresponding taxable person (i.e. the supplier of goods and / or services) in his valid return. A return may be considered to be a valid return only when the appropriate GST has been paid in full by the taxable person as shown in such return for a given tax period ..... X X X X Extracts X X X X X X X X Extracts X X X X
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