Under GST return filing, there are three types of details that have to be provided in the returns and statement filed on the portal.
- GSTR-1 i.e. details of sales/outward supply
- GSTR-2 i.e. details of purchases/inward supply
- Summary of outward supply, inward supply and the tax payable
Here are the returns under GST:
GSTR-1 contains the outward supply details for a month.
Form GSTR-1 includes:
- Taxable supply to the person who has registered under GSTN
- Invoice issued to an unregistered person of any other state
- Invoice to the consumer and any unregistered person who does not have GSTN
- Export supplies
- A credit note or debit note or refund vouchers which are issued to the registered taxpayer
- Debit note/credit note issued to an unregistered person
- Tax liabilities
- Adjustment of tax liability for tax which is already paid
- HSN summary
GSTR-2 contains the inward supply details for a month.
Form GSTR-2 includes:
- Details of invoices of taxable supplies which is received from other registered taxpayers
- Details of import
- Details of import of inputs/capital goods from overseas
- Details of inward supplies received from an unregistered supplier
- Details of credit/ debit notes/refund vouchers issued by the registered supplier
- Credit/ debit notes/refund vouchers issued to an unregistered supplier
- Adjustment of tax paid on advance receipt of consideration and invoices issued currently
- Details of supplies received from the composition taxable person
A tax-payer who has registered has to file a monthly return with form GSTR-3.
Form GSTR-3 has to be filed on the GST portal even if the business has not been active.
This has details of tax liability and tax paid for a particular month.
A registered person under GST who has opted for the composition scheme needs to file only a single return quarterly in form GSTR-4.
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