GST has been implemented from July 1, 2017 in India. Under the new GST regime, more than 1.3 million businesses have been registered in India and GST registrations have been issued. For GST registration, all institutions are required to file GST annual returns, as per the GST return, the due date schedule is outlined below. GST annual return filing is mandatory for all GST registrations, even if the business activity or sale or profitability during the return filing period. Therefore, a dormant business receiving GST registration will also have to file a GST return.
GST registration holder who receives registration before 1 April 2018 is required to file GST annual return on or before June 30, 2019 for the financial year 2017-18. Before filing GST annual returns, the taxpayer will have to register all GST-1 or STS. Refund for 3B or GSTR-4 July to March 2018 period. If there are overdue GST returns for the above period, then GST registration holder will not be allowed to file GST annual returns.
GST Annual Return Type
GST annual return filing can be divided into the following types, which can be recorded as follows:
GSTR-9: All institutes with GST registration are required to file GST annual returns in the form of GSTR-9.
GSTR-9A: GST registered taxpayer who has opted for GST composition scheme under Goods and Services Tax (GST), it is necessary to file GSTR-9A.
GSTR-9C: Form GSTR 9C is for registering reconciliation statements of taxpayers relating to a particular financial year. Form GST-9 is a statement of reconciliation between the annual returns and the data outlined in the audited financial statements of the taxpayer.
GSTR 9C applies to taxpayers who are required to receive annual GST audit of their accounts. GSTR-9C should be prepared and certified by a chartered accountant or cost accountant. GST audit applies to a person who has a GST registration with a total annual turnover. 2 million in a particular financial year
GST Annual Returns Due Date
FORM GSTR-9, FORM GSTR-9A and FY 2017 – 2018 FORM GSTR-9C In the reconciliation details, the deadline for filing GST annual returns has been extended to 30 June 2019.
eMindsCA.com is the leading business service platform in India, which offers to eliminate GST services from registration to return filing. eMindsCA.com can help you to register GST annual returns for your business at an affordable price. The average time taken for filing GST returns is approximately 5 – 10 business days, subject to submission of government processing time and customer documents is. Get free consultation on GST annual return filing by scheduling an appointment with eMindsCA.com Advisor.
All institutes with GST registration are required to submit GST annual return form GSTR-9.
GST registered taxpayers need to register GSTR-9A for GST registered scheme.
GSTR 9C applies to taxpayers who are required to receive annual GST audit of their accounts.
Outsource GST Compliance
Outsource your GST compliance for eMindsCA.com to focus on efforts to reduce your compliance burden and increase your business.
GST Returns Due Dates
GSTR-3B (February 19)
GSTR-3B returns must be filed by all registered persons under GST. The GSTR-3B return for the month of February 19 is due on March 20th.
Payable on 20th March 19th
GSTR-1 Feb 19 (Monthly)
GST-1 returns for the month of February 19 are due on March 11, 19th. Monthly GSTR 1 returns should be filed by taxpayers with turnover of more than 1.5 million rupees.
March 11, 19
GSTR-1 (January – March 19) (quarterly)
GST-1 returns for the quarter of January 19 to March 19 are due on 30 April 19th. For the quarterly GST1 return taxpayers, a turnover of less than Rs 1.5 crore should be filed.
On 30th of April 19th
GSTR-4 (Jan – Mar 19) quarterly-structure scheme
GST-4 returns for January 19 to March 19 are due on 18 April 19th. Quarterly GST 4 Returns should be registered by taxpayers with turnover of upto Rs. 1 crore under GST composition scheme.
On 18 April 19
GSTR-9 annual GST return filing for the financial year 2017-18 (from 1 July 2017 to 31 March 2018)
On 30th June 19th
- GSTR-1 Returns
- GSTR-2 Returns
- GST-3 Returns
- GSTR-4 Returns
- GSTR-5 Returns
- GST-6 Returns
- GSTR-7 Returns
- GSTR-8 Returns
- GST-9 Returns
- GSTR-10 Returns
- GST-11 Returns
GST 1 or return of an external supply must be filed by all taxpayers with regular GST registrations. GSTR 1 The due date for filing returns is 10th of every month. For July, September and October, the due dates of GST are different from the general schedule.
Return of GSTR2 or inward supply should be recorded by all taxpayers on regular GST registration. The due date for returning GSTR 2 returns is 15th of every month. For July, September and October, GSTR2 due dates are different from the general schedule.
After filing GSTR 1 or GSTR 2, GSTR3 or monthly GST return should be filed by a taxpayer. GSTR3 happens on the 20th of every month. For July, September and October, GSTR2 due dates are different from the general schedule.
GSTR 4 returns must be filed by registered taxpayer under GST composition scheme. GSTR 4 is a quarterly return which takes place in October 18, January, April and July.
GSTR5 returns must be registered as a non-resident taxable person by persons registered under GST. GSTR5 is due on every 20th of every month.
GSTR6 returns must be filed as an input service distributor by the persons registered under the GST. GSTR 6 returns are due on every 13th of every month.
GST7 returns must be filed by all taxpayers required for tax deduction on Source (GST TDS). Under GST, only certain government agencies have to cut tax on the source after receiving the registration. Therefore, GSTR7 is for organizations that have GST TDS registration. GSTR7 is payable on 10th of every month.
GSTR8 returns must be filed by the taxpayers required to deposit tax on the source. E-commerce operators are required to collect tax at source. Therefore, anyone who manages an e-commerce enterprise will have to register for TCS, deposit tax on the source and file a GSTR8 return before 10th of every month.
GSTR9 is the annual return on GST which should be filed by all regular taxpayers. The details furnished with GSTR9 should be audited if the business of the unit is more than 2 crores rupees. GSTR9 is due on or before December 31.
GSTR 10 returns should be filed by any person whose GST registration has been canceled or surrendered. GSTR10 should be filed within 3 months of the cancellation order or surrender date.
GSTR11 should be filed by persons with a specific identification number. GST specific identification number is allocated to the Consulates, Embassies and UN bodies to claim return on incoming supply.
How will the service be given?
You will have a dedicated GST accountant who will be assigned to your business. Each month, the accountant will collect all the information and submit your GST return.
How will information or documents be collected?
You can send information or upload information via email to any platform. We also accept soft copy of invoices and purchase data.
Do you have to file returns?
We will file GST-3B returns and GST-1 returns for regular taxpayers registered under the GST. For composition dealers, we will assist in filing GST-4 returns.
What will be my responsibility?
You will only be responsible for providing the necessary information or documents to prepare your GST Returns. Once we have completed the filing, you can verify the calculation and confirm the filing.
Will you provide support for GST Input Tax Credit?
Yes, we will provide you input tax credit reconciliation. You can use the same to verify receivable input tax credits for your business.
Will you provide support for GST refund?
Yes, the customers who subscribe to our annual package of GST returns, we provide support for GST refund processing.
Will you provide support for GST payments?
Yes, the customers who subscribe to our GST Return Filing package, we provide support for GST payment invoice generation.
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Frequently Asked Questions
Using this section, get all the clarifications for your questions and doubts about outsourcing, finance, and investments. We love to clarify your doubts and get you back to your business real quick with more confidence.
Outsourcing allows you to focus on your main business, not your support departments. Outsourcing gives your company access to a high level of expertise, where you will be able to spend normally.
Cost effectiveness– The salary of professionals is significantly lower than in North America and Europe. This wage turns into difference cost savings.
24/7 operation – Offshore development facilities located in India are in the perfect time zone to help you operate 24/7.
Large pool of talent– Retraining experienced staff becomes difficult when they are given boring and repetitive work. India offers you a cost effective talent pool that you can tap for reliable service delivery.
Best Practices– High focus on improvement in quality and continuous process, offshore development centers work on high level efficiency, forecast and reliability. High level maturity reduces risk and provides significant benefits while managing service level agreements.
Bookkeeping & Accounting
AR follow-up – Aging analysis and reports
Bank/credit card reconciliations
P&L, Balance sheet and other regular reports
Preparation of Tax returns
Insurance Accounting Services