GST RETURNS (EXISTING SYSTEM)

Presently there are 3 main types of GST returns filed under existing system of GST by the regular and composition dealers

Type of GST returnWho will fileTime & Frequency
GSTR 3B ( Summary Information for all sales and purchase )Regular Dealers20th of next month (Monthly for all)
GSTR 1 (For Outward Supplies) Regular Dealers It is to be filed monthly, except in the case of small taxpayers with turnover up to Rs.1.5 crore in the previous financial year, who can file the same on a quarterly basis.
Monthly : 11th of next month
Quarterly : 31st of the month succeeding quarter.
CMP 08 (Sale & Purchase and payment of Tax)Composition DealersThe CMP-08 return is to be filed on a quarterly basis.
18th of the month succeeding quarter.

Apart form the monthly and quarterly, there is also an annual return and a reconciliation statement

Type of GST return Who will file Time & Frequency
GSTR 9– It is the annual return to be filed by taxpayers who have registered under the Composition Scheme in a financial yearRegular DealerThe 37th GST Council meeting took the decision to make GSTR-9 filing optional for businesses with turnover up to Rs.2 crore in FY 17-18 and FY 18-19.
GSTR 9A– It is the annual return to be filed by taxpayers who have registered under the Composition Scheme in a financial year. It is a consolidation of all the quarterly returns filed during that financial year. Composition DealerGSTR-9A filing for Composition taxpayers has been waived off for FY 2017-18 and FY 2018-19 as per the decision taken in the 27th GST Council meeting.
GSTR 9C– It is the reconciliation statement to be filed by all taxpayers registered under GST whose turnover exceeds Rs.2 crore in a financial year. The registered person has to get their books of accounts audited by a Chartered/Cost Accountant. The statement of reconciliation is between these audited financial statements of the taxpayer and the annual return GSTR-9 that has been filed.Regular DealerThe due date for GSTR-9 and GSTR-9C has been extended to 31st December 2019 and 31st March 2020 for FY 2017-18 and FY 2018-19 respectively.