Indian GST returns

GST registered businesses typically have to file three returns per month (GSTR-1, GSTR-2 and GSTR-3) in each state where they operate.  An annual GST return is also required.  This means a business will have to complete 37 returns per annum in each state where they are trading.

There are 29 states in India – although the state of Jammu and Kashmir has not implemented GST.

GST returns

Important GST return deadlines are listed below:
Indian GST return deadlines

GSTR-1
Sales 10th of the month following reporting month
GSTR-2 Purchases 15th of the month following reporting month
GSTR-3 Reconciled Sales and Purchases, and tax due 20th of the month following reporting month
GSTR-4 Composite suppliers 18th of the month following reporting quarter
GSTR-5 Non-resident taxable persons, sales and purchases 20th of the month following reporting month
GSTR-8 e-Commerce sales 10th of the month following reporting month
GSTR-9 Annual GST return 31st December of following year

Monthly GST returns process

The Indian tax authorities require tax payers to reconcile their GST invoices with their customers and suppliers via the online clearing system.  The monthly process is as follows:

  • Tax payer submits their sales transactions via GSTR-1 on 10th of the month
  • Customers review sales transactions in GSTR-2a and approve
  • Customers files their GSTR-2
  • Any invoices not agreed or modified by the customer may be review by the tax payer in the GSTR-1a
  • When tax payer and customers approve, the GSTR-3 is created and taxes are due on the 20th of the month

Payment of GST

Tax payers should remit any net GST due on the 20th of the month following the reporting month. This is done with the submission of form GSTR-3.


Latest Indian news

India cuts GST on range of supplies

December 28, 2018 

The Indian Goods and Services Tax Council has agreed on  to cut the GST rate on over 20 goods and services. The reductions, mostly from the 28% to 18% rate, will come in on 1 January 2019 

India simplified GST returns April 2019

December 06, 2018 

Following the technical issue on the July 2017 introduction of Goods and Services Tax in India, a new simplified GST return will be launched from April 2019

India confirms e-commerce withholding GST rates

September 26, 2018

India has confirmed the GST withholding rates for online marketplaces handling third party transactions. Tax Collected at Source (TCS) is a means of collecting income...