GST Return Filing in Kerala

GST Return Filing

Current due dates for filing during transition period are as follows.

Return Qtr Jul-Sep 2017 Qtr Oct-Dec 2017 Qtr Jan-Mar 2018
GSTR-1 (return for outward supplies – aggregate turnover upto Rs 1.5 Crore) 31-Dec-17 15-Feb-18 30-Apr-18

  

Return Jul-Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018
GSTR-1 (return for outward supplies – aggregate turnover more than Rs 1.5 Crore) 31-Dec-17 10-Jan-18 10-Feb-18 10-Mar-18 10-Apr-18 10-May-18
GSTR-2 (return for inward supplies) To be notified To be notified To be notified To be

notified

To be

notified

To be

notified

GSTR-3 (monthly return) To be notified To be notified To be notified To be

notified

To be

notified

To be

notified

GSTR-3B (provisional monthly return) 20-Nov-17 20-Dec-17 20-Jan-18 20-Feb-18 20-Mar-18 20-Apr-18
GSTR-4 (return for composition persons) – Jul 17 to Sep 17 15-Nov-17
GSTR-5 (Non-Resident Taxable Person) Jul 17 20-Aug-17
GSTR 6 (return for ISD) – made quarterly Jul 17 – Sep 17 15-Nov-17
GSTR-7 (TDS deductors) To be notified
GSTR-8 (TCS deductors) To be notified

 

Implications for delay in filing or non-filing

Late Fee

Jul-Sep 2017: Waived (Already paid fees will be refunded to Electronic Cash Ledger)

From Oct 2017:

  • Tax payers with Nil liability: Rs 20/- per day
  • Other tax payers: Rs 50/- per day
  • Delay in payment of taxes – Interest will be payable at the rate of 18% pa for the period of delay.
  • Undue or excess claim of input tax credit/Undue or excess reduction of output tax liability – Interest will be payable at the rate of 24% pa
  • Delay in filing of returns and/or payment of taxes could impact ‘compliance rating of the taxable person’.

GSTR-1

Monthly Statement of outward supplies
Due Date:  10th of the following month

  • GSTR-1 has to be filed online by every registered taxable person except:
    • Taxpayers under the Composition Scheme (Return to be filed by them in GSTR 4)
    • Non-resident foreign tax payers (Return to be filed by them in GSTR 5)
    • Online information database and access retrieval service provider (Return to be filed by them in GSTR 5A)
    • Input Service Distributors (ISD) (Return to be filed by them in GSTR-6)
    • Tax Deducted at Source (TDS) deductors (Return to be filed by them in GSTR 7)
    • E-commerce operators deducting TCS (Return to be filed by them in GSTR 8)
  • It needs to be filed even if there is no business activity (Nil Return) in the tax period.
  • If any details are added/modified/rejected by the counterparty taxpayer in their Form GSTR- 2/4/6, then GSTR-1A has to be filed. This is an addendum to Form GSTR-1.  You can file GSTR-1A only on 16th and 17th of the month succeeding the tax period or between any other notified dates after filing dates of GSTR 2.

GSTR-2

Monthly Statement of inward supplies received by a taxpayer
Due Date: 15th of the next month

  • GSTR-2has to be filed online by every registered taxable person except:
    • Input Service Distributors
    • Taxpayers under the Composition Scheme
    • Non-resident Taxable Persons
    • Online information database and access retrieval service provider
    • Tax Deducted at Source (TDS) deductors
    • E-commerce operators deducting TCS
  • The registered taxpayer can avail Input Tax Credit (ITC) for eligible inward supplies. (ITC can be claimed up to either the due date of filing of the Return of the tax period ending September of the subsequent financial year in which the original invoice/debit note was issued or date when the annual return of the subsequent financial year is filed, whichever is earlier. If the invoice date is after this limitation period, credit is not allowed.)
  • Form GSTR-2 needs to be filed even if there is no business activity (Nil Return) during a given tax period.
  • Once the supplier taxpayers file their Form GSTR-1/5 and due date of furnishing Form GSTR-1 is over, you can prepare Form GSTR 2 by accepting/deleting/modifying each and every invoice received from the supplier. You can also add missed invoices to Form GSTR-2 (after the due date of Form GSTR-1 till the actual date of filing of Form GSTR-2). You can also choose to keep an invoice pending for action.  (Pending invoices will be rolled over to next tax period Return.)
  • GSTR-2A is created for a receiver taxpayer when GSTR-1, 5, 6, 7 or 8 is filed by the supplier. It will remain available for view till a taxpayer submits/files his GSTR-2.

GSTR-3

Monthly summary return
Due Date: 20th of the next month

  • Purpose of the Return is for taxpayers to declare their summary GST liabilities and pay these liabilities in a timely manner.
  • Every registered person is required to file GSTR-3 except:
    • Input Service Distributor
    • Non-residential taxable person
    • Person required to deduct the TDS or E-commerce operator person deducting TCS
  • Tax liability will be calculated after adjusting input tax credit.
  • Payment of liability can be made online Payment by debiting the electronic cash ledger.
  • It is mandatory even if there is no business activity.
  • GSTR-3B: A provision Return, GSTR-3B has to be filed every time there is an extension of due dates for filing of GSTR-1 and GSTR-2.

GSTR-4

Quarterly Return for Composition Supplier
Due Date: 18th of the month following end of quarter

  • GSTR-4 has to be filed by a Composition tax payer to discharge his liability towards tax, interest, penalty, fees or any other amount payable.
  • Payment of liability can be made online Payment by debiting the electronic cash ledger.
  • GSTR-4A: GSTR-4 is prepared on the basis of details provided in GSTR-4A which contains details of inward supplies received by the recipient registered under composition scheme. GSTR-4A details are based on Form GSTR-1 filed by the supplier.
  • The Return furnished will include:
    • Invoice wise inter-State and intra-State inward supplies received
    • Consolidated details of outward supplies made
  • In case of withdrawal from composition scheme, he has to file Form GSTR-4 with details relating to the period prior to his opting for payment of tax till either the due date of furnishing the Return for the quarter ending September of the succeeding financial year or date of furnishing Annual Return of the preceding financial year, whichever is earlier.

GSTR-5

Periodic Return by Non-resident Taxpayer
Due Date: Within 20 days following end of tax period or within 7 days after last day of registration validity, whichever is earlier

  • This return has to be filed by every registered non-resident taxable person.
  • Form will include details of outward and inward supplies.
  • Payment of tax, interest, penalty, fees or any other amount payable will be done online while filing this Return.
  • GSTR-5A: This has to be filed by every registered person providing online information and data base access or retrieval services from a place outside India to a person in India other than a registered person. Due date is on or before 20th of the next month.

 

GSTR-6

Monthly Return by Input Service Distributor (ISD)
Due Date: 13th of the next month

  • Every Input Service Distributor has to file Form GSTR-6.
  • GSTR-6A: Form GSTR-6 is prepared on the basis of details provided in Form GSTR-6A containing details of tax invoices on which credit has been received.

GSTR-7

Monthly Return by Tax Deducted at Source (TDS) Deductor
Due Date: 10th of the next month

  • Every registered person required to deduct tax at source has to file Form GSTR-7.
  • GSTR-7A: The deductor will furnish to the deductee a certificate in Form GSTR-7A. It will contain contract value, rate of deduction, amount deducted, amount paid to the Government and any other details

GSTR-8

Return by E-Commerce Operator (tax collected at source)
Due Date: 10th of the next month

  • Every electronic commerce operator required to collect tax at source needs to file Form GSTR-8.
  • It will contain details of supplies through the operator and amount of tax collected.
  • The details furnished by the operator will be made available online to each of the suppliers after the due date for filing of Form GSTR-8.