GST Returns

Goods and Services Tax is a single indirect tax levied on the supply of goods and services from the manufacturer to the consumer. GST Returns are the Goods and Services Tax Return forms that taxpayers of all types have to file with the income tax authorities of India under the new GST rules. Registration Karwalo offers an easy process to file your GST returns.
GST Returns

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Posted In : GST News(06 Jul, 2018)

Posted In : GST News(31 Aug, 2018)

Posted In : GST News(31 Aug, 2018)

Posted In : GST News(31 Aug, 2018)

Posted In : GST News(31 Aug, 2018)


  • 1. What is GST Return?
    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.

    Under GST, a registered dealer has to file GST returns that include:

    Output GST (On sales)
    Input tax credit (GST paid on purchases)
  • 2. Who should file GST Returns?
    In the GST regime, any regular business has to file three monthly returns and one annual return. This amounts to 37 returns in a year.

    The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
  • 3. What are the types of GST Returns?
    Return Form Particulars Interval Due Date
    GSTR-1 Details of outward supplies of taxable goods and/or services affected from July 2018 to March 2019 ( Taxpayers whose turnover is more than Rs. 1.5 Crores in previous year) Monthly* 11th of the next month**
    GSTR-2 Details of inward supplies of taxable goods and/or services effected claiming input tax credit. Monthly* 15th of the next month
    GSTR-3 Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax. Monthly* 20th of the next month
    GSTR-9 Annual Return Annually 31st December of next financial year
    GSTR-3B Return for the months of up to March 2019 Monthly 20th of the next month
    ** Details of outward supplies of taxable goods and/or services affected till June 2018 will be 10th of the next month.

    ** Taxpayers whose turnover was less than Rs. 1.5 Crores in the previous financial year has the option to file a quarterly GSTR-1 by end of the next month affected July 2018 to March 2019.
  • 4. Late Fees for not Filing Return on Time
    If GST Returns are not filed within time, you will be liable to pay interest and a late fee.

    Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment.

    Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. There is no late fee on IGST.
  • Whether trader of country liquor is required to migrate to GST from VAT as liquor is out of GST law?
    If the person is involved in 100% supply of goods which are not liable for GST, then no registration is required.


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