GST Online Return Filing Forms in India from GSTR-1 to 8

As the GST Bill is about to come into action by this year, the government of India is taking necessary steps to make sure that the GST regime works fine. The Government will introduce eight forms namely GSTR-1 to GSTR-8 that will be required to file the GST Tax returns in India. These forms will be collectively used to take the assesses details and offer multiple options to file online return.

 

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Call 9934785575 or mail us sale@cbstech.in.

 

1. GSTR-1 (Sales Register)

This is a sales register of goods and services, here we can enter the details data of of sales . If a persons sells his goods and services to a register person within the state in that case he is liable to charge CGST and SGST on the transaction. At the same point of time if the person sells his goods and services to other state he is liable for IGST charge on him.

Here of each transaction it is important to classify the goods or services with his SAC or HSN code because these codes will identify the nature of the transaction.

Again for avoidance of the black money or hawala transaction in GST returns, there is a  need to identify  some important transaction like inter state transaction worth Rs. 250000/- or more.

See the preview of GSTR-1 Return Filing Form

GSTR- 2 (Purchase Register)

This is a comprehensive purchase register. Here we can enter the data of both purchase of service and goods.

In GSTR-2 the data of the goods purchase from register dealer including debit/credit note will automatically populated as the respective dealers upload there sales register on due date. Due to this we can match our purchases against the sales register and the impact of this in current scenario where tax credit mismatch is hard to match and a time taking process, in GST there we will check our data as per seller return so mismatch issue resolve will solve easily.

As well as here we will amend our purchase bill too as we received in earlier periods

Here a separate details information will be required for input service distributors.

Due date of filling the return is 15th of the next month. But we can upload our data on daily, fortnight, weekly too. Soon the last date of return filing the workload should be lesser than before

See the preview of GSTR-2 Return Filing Form

GSTR-3 (Monthly Return Form)

Now the time taking process of return filling is over now. In GST return maximum data of this return is auto populated from purchase and sales registers. Only adjustment entries and challan information will enter after these entries

Here cash ledger (tax deposit in cash and TDS/ TCS) will made separately for CGST , SGST and IGST

See the preview of GSTR-3 Return Filing Form

GSTR-4 (Quarterly return for compounding dealers)

This return is a quarterly return filled by the compounding dealer (as per draft GST law the assesses whose turnover is less than Rs. 50 lacs and there is no interstate transaction ) is liable to file return on and before 18th of the month after the quarter

In this return, data will be automatically populated after filing of GSTR-1

See the preview of GSTR-4 Return Filing Form

GSTR-5 (Return file by the Non-Resident)

This will be a monthly return filed by the non –resident within 18th day after end of the month and within the 7 days after expiry of registration

In this return HSN/SAC code should be mention because these are classify the transaction as a sales and purchase of goods and services

See the preview of GSTR-5 Return Filing Form

GSTR-6 (Return for Input Service Distributor)

This return will be filed by the Input Service Distributors within 15 days after end of the month.

In this return form input service distribution ledger will be maintained. In this ledger credit of CGST, SGST, IGST  will maintain separately of each tax amount

See the preview of GSTR-6 Return Filing Form

GSTR-7 (TDS Return)

Tax deductor will be liable to file this TDS return within the 10 days after end of the month.

This return form is almost similar to TDS return of income tax (26Q/24Q etc) as in this return deductee information and transaction information is mention with the related challan in which the TDS amount is paid to department.

See the preview of GSTR-7 Return Filing Form

GSTR-8 (Annual Return)

This return form will be filed on or before 31st December of the next financial year.

In this return the total annual returns information will be matched by the department with the monthly /quarterly return filled by the assesse.

In this return auditors information will submitted.

In this return all the transaction will bifurcated within goods and services. This bifurcation should be match with the HSN/SAC code given by the assessee in his monthly/ quarterly return.

See the preview of GSTR-8 Return Filing Form