Filing Tax Returns Under the GST Law

Last Updated at: Jan 13, 2021
gst returns
In March, 2020, the Union Minister for MSMEs, has announced that MSMEs with GST registration would no longer require Udyog Aadhar Number (UAN) for availing the Interest Subvention Scheme. The Scheme aims to provide incentives to MSMEs for registering under the GST regime.


  • GST (Goods and Service Tax) Law and the returns files

  • Who all has to file the returns?

  • How often should one file their returns?

  • How to file the returns?

  • GST Form 1 – The filling procedure

  • Is there a penalty if one misses filing returns?


GST (Goods and Service Tax) Law and the returns files

Based on the newly imposed GST (Goods and Service Tax) Law, there are various different returns that have to be filed. If you run a business and want to find all the information about GST, then you can get guidance related to the returns to be filed and deadlines for the same from here.

We will be discussing the various returns that are required to file under the new Goods and Services Tax Law. the following piece will tell you what all information is needed, whom all can file these returns and what are the deadlines for filing the same.

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Now, what exactly is a return? It is a document that is required to be filed as per the law with the tax authorities. Under the GST law, a normal taxpayer has to submit three returns on a monthly basis and one such return annually (GSTR. In a similar way, there are different returns for a taxpayer registered under the composition scheme, taxpayer registered under the input service distributor category, a person liable to deduct or collect tax as in TDS/TCS.

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Find below, all you need to know about filing returns under the new GST Law.

Who all has to file the returns?

Everyone registered under GST has to file their returns under the new law. Even if you are a legal entity registered under GST, but with activity, you’re still entitled to file your tax return as ‘nil GST return’ so as to stay on the right side of the law.

Discover the GST rate, HSN code, or SAC code for all goods and services by using our GST rate finder service. This finder service is also known as the HSN code finder. For products and services, GST is calculated on the basis of an item’s HSN or SAC code.


How often should one file their returns?

All those registered as regular taxpayers have to pay it thrice a month: GSTR-1, which would be the details of the outward supplies, has to be filed by 10th of every month; GSTR-2, which is details of inward supplies, would be due by the 15th of each month, GSTR-3, which is the monthly return, would be due by the 20th of every month. All those who are compounding taxpayers will have to file their returns on a quarterly basis, GSTR-4, on the 18th of each month that would be next to the quarter.

In addition to the monthly and quarterly returns, there is an annual return that needs to be filed by the 31st December. requisite GST reconciliation statement has to be duly filled by the appointed chartered accountant.

How to file the returns?

All returns have to file online. The website will have the procedure listed out for anyone who wants to download the application for returns and then upload them back online. There are no provisions for revising the returns. The taxpayer must include all invoices of the previous tax period, that went unreported, in the current month.

GST Form 1 – The filling procedure:

GST Form 1 has 13 different parts in it. This has to be filled completely with all related details to the outward supply of goods and services. 

For GST Form 1, part 1 to 3, the taxpayers must provide details like name, the gross turnover of the previous year and GST identification number (GSTIN). 

For part 4, the taxpayers provide details about the taxable supplies of the organisation. They provide these in three sections such as 4(A), 4(B) and 4(C). 

For part 5, The taxpayers will provide the inter-state supplies details.

Under part 6, the taxpayers will provide the details of the zero-rated supplies.

Under part 7, the taxpayers can file if they have supplied any taxable goods or services to an unregistered person. 

For part 8, the taxpayers can provide details on the exempted, nil-rated and non-GST outward supplies.

For part 9, the taxpayers provide details regarding their amendments with any unregistered individual in the given tax period. This is in regards to the taxable outward supplies. 

The same goes for part 10 of GST Form 1.

For part 11, the taxpayers provide details on the advances received under subsections 11A and 11B. 

For part 12 and 13, the taxpayers will summarise their taxable supplies and the related documents released for the financial year. 

Is there a penalty if one misses filing returns?

Even though there is no strict information about the government’s list of penalties, all defaulters will be tracked by the GST department for requisite follow up and enforcement action.

Basically, you must file your income tax returns under the new law if you are registered under GST. If you are a legal entity required to file for GST, then you will have to file the same on time to adhere to the law. You would get enough clarity from above. If not, you can approach a professional regarding the same.


A lawyer with 14 years' experience, Vikram has worked with several well-known corporate law firms before joining Vakilsearch.