by Raghav Goyal
A Registered Person under Goods & Services Tax Act, 2017 is required to file returns on monthly/quarterly basis depending on the Aggregate turnover of the business.Here is the detailed explanation of returns required to be filed by a Registered Person in the month of September,2020
GSTR-1 :- A Return for Outward Supplies
This return is filed to show all the sale transaction of the business.Taxpayer having Aggregate Turnover of more than 1.5cr is required to file GSTR-1 on monthly basis or a Taxpayer having Aggregate Turnover upto 1.5cr can opt out to file GSTR-1 on monthly basis.
Due Date for filling GSTR-1 for the month of August,2020 is September 11,2020
GSTR-3B :- A Monthly Self Declaration to be Filed by Registered Person
It is a Return filed by a Registered Person to show the Tax Liability for the Tax Period
Due Dates For GSTR-3B for The Month of May To August:-
| Turnover (In Preceding Financial Year) | Tax Period | Due Date |
| Upto 5 Crores (Group-A States) | May,2020 | Sept.12,2020 |
| Upto 5 Crores (Group-A States) | June,2020 | Sept.23,2020 |
| Upto 5 Crores (Group-A States) | July,2020 | Sept.27,2020 |
| Upto 5 Crores (Group-A States) | August,2020 | Oct.1,2020 |
| Upto 5 Crores (Group- B States) | May,2020 | Sept.15,2020 |
| Upto 5 Crores (Group-B States) | June,2020 | Sept.25,2020 |
| Upto 5 Crores (Group-B States) | July,2020 | Sept.29,2020 |
| Upto 5 Crores (Group-B States) | August,2020 | Oct.3,2020 |
| More Than 5 Crores | August,2020 | Sept.20,2020 |
Group-A States :-
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
Group-B States :-
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.
CMP-08 For Composition Dealer
A Registered Person who opted to pay Tax under Section 10 of Goods & Services Act,2017 is required to pay a Fixed rate of tax on the Aggregate Turnover
- For Manufacturers :- 1 percent of Aggregate Turnover
- For Restaurants :- 5 percent of Aggregate Turnover
- For Traders :- 1 percent of Taxable Turnover
A Composition Dealer is required to file return CMP-08 on Quarterly Basis.
Due Date For filing CMP-08 for Quarter of July to September is Oct.18,2020
GSTR-5 & GSTR-5A for The Month Of August
GSTR-5 is a return for the person registered under Goods & Services Tax,2017 as Non-Resident Taxable person
GSTR-5A is a Return to be furnished by Online Information and Database Access or Retrieval (OIDAR) services provider to un-registered person or customers, on the GST Portal for the services provided from a place outside India to a person in India, other than a registered person.
GSTR-5 & GSTR-5A is required to filed on monthly basis by the 20th of month succeeding the Tax Period
Due Date for the month of September for filing GSTR-5 & GSTR-5A is Sept.20,2020
GSTR-6 :- A Return by Input Service Distributor
GSTR-6 is a monthly return that is required to be filed by Input Service Distributor.GSTR-6 contains details of all the documents issued for distribution of Input Tax Credit and the manner of distribution of credit and tax invoice on which credit is received.
Due Date for the month of September for filing GSTR-6 is Sept.13,2020
GSTR-7 :- Return For Tax Deducted at Source
GSTR-7 is a Return for Tax Deducted at Source is Required to be filed by the Tax Deductor
Due Date for the month of September for filing of GSTR-7 is Sept.10,2020
GSTR-8 :- Return of E-commerce Operator Registered under GST liable to collect TCS
GSTR-8 is a Return for E-commerce Operator who is liable to collect TCS under GST
Due Date for the month of September for filing of GSTR-8 is Sept.10,2020
GST Annual Return/GST Audit :-
GSTR-9 is an annual return to be filed yearly by taxpayers registered under GST.
The GSTR-9A is the annual return to be filed once in a year by taxpayers who have opted for the Composition Scheme under GST for a particular financial year. It includes all the information furnished in the quarterly returns filed by the composition taxpayers during that financial year.
Every registered person whose turnover during a financial year exceeds the prescribed limit of rupees Two Crores* shall get his accounts audited by a chartered accountant or a cost accountant.
*The limit is enhanced to Rs 5 crore for the GSTR-9C of FY 2018-19 as per the CBIC notification.
Due Date For GSTR-9/GSTR-9A/GSTR-9C for The Financial Year 2018-19:-
| GST Return | Aggregate Turnover | Due Date |
| GSTR-9 | More than 2 Crores or opted to File Annual Return | Sept.30,2020 |
| GSTR-9A | More than 2 Crores or opted to File Annual Return | Sept.30,2020 |
| GSTR-9C | More than 5 Crores | Sept.30,2020 |
For any further queries or requirements contact
Team
Compliance Arena
info@compliancearena.in
8447773833