Returns & Refunds | Taxation for CA Intermediate PDF Download

 Page 1


Returns & Refunds 
 
For properly updating the invoices, Indian taxpayers and businesses have to file certain 
returns with the Government.  
Different tax return forms have been prescribed under GST law for different kinds of 
taxpayers. Every statute requires the registered person to file the return in such format and 
within such time as may be prescribed in the specific statute. In the same line, the GST 
Act makes the provisions for furnishing of information by taxable person through filing of 
returns. In GST, returns are self-assessed by the registered persons. 
These returns have to be mandatorily filed as any non-compliance towards the same may lead 
to disallowance of input tax credit, apart from attracting penalties and interests etc. Proper filing 
of information and passing the same in the returns is a mandatory process for smooth flow of 
credit to the last recipient. The returns have been designed so that all transactions are in sync 
with each other and that no transaction is left unattended between the buyer and seller.  
 
What is GST Return? 
A return is a document containing details of income which a taxpayer is required to file with 
the tax administrative authorities. This is used by tax authorities to calculate tax liability. 
Under GST, a registered dealer has to file GST returns that include: 
• Purchases 
• Sales 
• Output GST (On sales) 
• Input tax credit (GST paid on purchases) 
To file GST returns, GST compliant sales and purchase invoices are required.  
 
Key Features of GST Returns 
• GST returns can only be filed online. 
• You will be able to generate & prepare forms offline but they need to be filed online. 
• A common return will be required for CGST, IGST, SGST & additional tax. 
• At GST common portal, you will be able to file return yourself or authorize someone to 
do it on your behalf. 
• Revision of returns once filed will not be allowed. You will be required to accommodate 
changes in next return. 
 
Who Needs to File Return under GST? 
Page 2


Returns & Refunds 
 
For properly updating the invoices, Indian taxpayers and businesses have to file certain 
returns with the Government.  
Different tax return forms have been prescribed under GST law for different kinds of 
taxpayers. Every statute requires the registered person to file the return in such format and 
within such time as may be prescribed in the specific statute. In the same line, the GST 
Act makes the provisions for furnishing of information by taxable person through filing of 
returns. In GST, returns are self-assessed by the registered persons. 
These returns have to be mandatorily filed as any non-compliance towards the same may lead 
to disallowance of input tax credit, apart from attracting penalties and interests etc. Proper filing 
of information and passing the same in the returns is a mandatory process for smooth flow of 
credit to the last recipient. The returns have been designed so that all transactions are in sync 
with each other and that no transaction is left unattended between the buyer and seller.  
 
What is GST Return? 
A return is a document containing details of income which a taxpayer is required to file with 
the tax administrative authorities. This is used by tax authorities to calculate tax liability. 
Under GST, a registered dealer has to file GST returns that include: 
• Purchases 
• Sales 
• Output GST (On sales) 
• Input tax credit (GST paid on purchases) 
To file GST returns, GST compliant sales and purchase invoices are required.  
 
Key Features of GST Returns 
• GST returns can only be filed online. 
• You will be able to generate & prepare forms offline but they need to be filed online. 
• A common return will be required for CGST, IGST, SGST & additional tax. 
• At GST common portal, you will be able to file return yourself or authorize someone to 
do it on your behalf. 
• Revision of returns once filed will not be allowed. You will be required to accommodate 
changes in next return. 
 
Who Needs to File Return under GST? 
• All the registered dealers irrespective of whether they do any business activity or not. A 
nil return will be required in case of no business activity. 
• Those PSUs or government entities which are not dealing in GST supplies. (they have 
separate filing procedure and are assigned separate departme ntal ID’s)
• Those persons who deal with nil-rated or non-GST or exempted goods. 
• UN agencies, etc. will file return but only for the month in which they make purchases. 
In the GST regime, any regular business has to file three monthly returns and one annual return. 
This amounts to 37 returns in a year. There are separate returns required to be filed by special 
cases such as composition dealers. 
 
What are the types of GST Returns? (With form, interval and due date) 
List of all the returns to be filed under the GST Law along with the due dates 
 
3.1. Any regular business: As per the CGST Act  
Return 
Form 
Particulars Interval Due Date 
GSTR-1 Details of outward supplies of taxable 
goods and/or services effected 
Monthly 10th of the next month 
GSTR-2 Details of inward supplies of taxable 
goods and/or services effected claiming 
input tax credit 
Monthly 15th of the next month 
GSTR-3 Monthly return on the basis of 
finalization of details of outward 
supplies and inward supplies along with 
the payment of amount of tax 
Monthly 20th of the next month 
GSTR-9 Annual Return Annually 31st December of next 
financial year 
  
3.2. A dealer opting for composition scheme: 
A composition dealer will enjoy the benefits of lesser returns & compliance along with 
payment of taxes at nominal rates. A composition dealer will file only 2 returns: 
Return 
Form 
Particulars Interval Due Date 
GSTR-4 Return for compounding 
taxable person 
Quarterly 18th of the month succeeding quarter 
GSTR-9A Annual Return Annually 31st December of next financial year 
Page 3


Returns & Refunds 
 
For properly updating the invoices, Indian taxpayers and businesses have to file certain 
returns with the Government.  
Different tax return forms have been prescribed under GST law for different kinds of 
taxpayers. Every statute requires the registered person to file the return in such format and 
within such time as may be prescribed in the specific statute. In the same line, the GST 
Act makes the provisions for furnishing of information by taxable person through filing of 
returns. In GST, returns are self-assessed by the registered persons. 
These returns have to be mandatorily filed as any non-compliance towards the same may lead 
to disallowance of input tax credit, apart from attracting penalties and interests etc. Proper filing 
of information and passing the same in the returns is a mandatory process for smooth flow of 
credit to the last recipient. The returns have been designed so that all transactions are in sync 
with each other and that no transaction is left unattended between the buyer and seller.  
 
What is GST Return? 
A return is a document containing details of income which a taxpayer is required to file with 
the tax administrative authorities. This is used by tax authorities to calculate tax liability. 
Under GST, a registered dealer has to file GST returns that include: 
• Purchases 
• Sales 
• Output GST (On sales) 
• Input tax credit (GST paid on purchases) 
To file GST returns, GST compliant sales and purchase invoices are required.  
 
Key Features of GST Returns 
• GST returns can only be filed online. 
• You will be able to generate & prepare forms offline but they need to be filed online. 
• A common return will be required for CGST, IGST, SGST & additional tax. 
• At GST common portal, you will be able to file return yourself or authorize someone to 
do it on your behalf. 
• Revision of returns once filed will not be allowed. You will be required to accommodate 
changes in next return. 
 
Who Needs to File Return under GST? 
• All the registered dealers irrespective of whether they do any business activity or not. A 
nil return will be required in case of no business activity. 
• Those PSUs or government entities which are not dealing in GST supplies. (they have 
separate filing procedure and are assigned separate departme ntal ID’s)
• Those persons who deal with nil-rated or non-GST or exempted goods. 
• UN agencies, etc. will file return but only for the month in which they make purchases. 
In the GST regime, any regular business has to file three monthly returns and one annual return. 
This amounts to 37 returns in a year. There are separate returns required to be filed by special 
cases such as composition dealers. 
 
What are the types of GST Returns? (With form, interval and due date) 
List of all the returns to be filed under the GST Law along with the due dates 
 
3.1. Any regular business: As per the CGST Act  
Return 
Form 
Particulars Interval Due Date 
GSTR-1 Details of outward supplies of taxable 
goods and/or services effected 
Monthly 10th of the next month 
GSTR-2 Details of inward supplies of taxable 
goods and/or services effected claiming 
input tax credit 
Monthly 15th of the next month 
GSTR-3 Monthly return on the basis of 
finalization of details of outward 
supplies and inward supplies along with 
the payment of amount of tax 
Monthly 20th of the next month 
GSTR-9 Annual Return Annually 31st December of next 
financial year 
  
3.2. A dealer opting for composition scheme: 
A composition dealer will enjoy the benefits of lesser returns & compliance along with 
payment of taxes at nominal rates. A composition dealer will file only 2 returns: 
Return 
Form 
Particulars Interval Due Date 
GSTR-4 Return for compounding 
taxable person 
Quarterly 18th of the month succeeding quarter 
GSTR-9A Annual Return Annually 31st December of next financial year 
 
3.3. Returns to be filed by specific registered dealers: 
Return 
Form 
Particulars Interval Due Date 
GSTR-5 Return for Non-Resident 
foreign taxable person 
Monthly 20th of the next month 
GSTR-6 Return for Input Service 
Distributor 
Monthly 13th of the next month 
GSTR-7 Return for authorities 
deducting tax at source. 
Monthly 10th of the next month 
GSTR-8 Details of supplies effected 
through e-commerce operator 
and the amount of tax collected 
Monthly 10th of the next month 
GSTR-10 Final Return Once. When 
registration is 
cancelled or 
surrendered 
Within three months of the date of 
cancellation or date of cancellation 
order, whichever is later 
GSTR-11 Details of inward supplies to 
be furnished by a person 
having UIN and claiming 
refund 
Monthly 28th of the month following the 
month for which statement is filed 
Different Types of Returns applicable under the new GST Law 
 
GST return can be filed using different forms depending on the type of transaction and 
registration of the taxpayer. Return forms for normal taxpayers are: 
 
GSTR-1 
GSTR-1 return form has to be filed by a registered taxable supplier with details of the outward 
supplies of goods and services. This form is filled by the supplier. The buyer has to validate the 
auto-populated purchase information on the form and make modifications if required. The form 
will contain the following details: 
Business name, period for which the return is filed, Goods and Services Taxpayer Identification 
Number (GSTIN) 
Invoices issued in the previous month and the corresponding taxes collected 
Advances received against a supply order that has to be delivered in the future 
Revision in outward sales invoices from the previous tax periods 
GSTR-1 has to be filed by 10th of the following month. 
Page 4


Returns & Refunds 
 
For properly updating the invoices, Indian taxpayers and businesses have to file certain 
returns with the Government.  
Different tax return forms have been prescribed under GST law for different kinds of 
taxpayers. Every statute requires the registered person to file the return in such format and 
within such time as may be prescribed in the specific statute. In the same line, the GST 
Act makes the provisions for furnishing of information by taxable person through filing of 
returns. In GST, returns are self-assessed by the registered persons. 
These returns have to be mandatorily filed as any non-compliance towards the same may lead 
to disallowance of input tax credit, apart from attracting penalties and interests etc. Proper filing 
of information and passing the same in the returns is a mandatory process for smooth flow of 
credit to the last recipient. The returns have been designed so that all transactions are in sync 
with each other and that no transaction is left unattended between the buyer and seller.  
 
What is GST Return? 
A return is a document containing details of income which a taxpayer is required to file with 
the tax administrative authorities. This is used by tax authorities to calculate tax liability. 
Under GST, a registered dealer has to file GST returns that include: 
• Purchases 
• Sales 
• Output GST (On sales) 
• Input tax credit (GST paid on purchases) 
To file GST returns, GST compliant sales and purchase invoices are required.  
 
Key Features of GST Returns 
• GST returns can only be filed online. 
• You will be able to generate & prepare forms offline but they need to be filed online. 
• A common return will be required for CGST, IGST, SGST & additional tax. 
• At GST common portal, you will be able to file return yourself or authorize someone to 
do it on your behalf. 
• Revision of returns once filed will not be allowed. You will be required to accommodate 
changes in next return. 
 
Who Needs to File Return under GST? 
• All the registered dealers irrespective of whether they do any business activity or not. A 
nil return will be required in case of no business activity. 
• Those PSUs or government entities which are not dealing in GST supplies. (they have 
separate filing procedure and are assigned separate departme ntal ID’s)
• Those persons who deal with nil-rated or non-GST or exempted goods. 
• UN agencies, etc. will file return but only for the month in which they make purchases. 
In the GST regime, any regular business has to file three monthly returns and one annual return. 
This amounts to 37 returns in a year. There are separate returns required to be filed by special 
cases such as composition dealers. 
 
What are the types of GST Returns? (With form, interval and due date) 
List of all the returns to be filed under the GST Law along with the due dates 
 
3.1. Any regular business: As per the CGST Act  
Return 
Form 
Particulars Interval Due Date 
GSTR-1 Details of outward supplies of taxable 
goods and/or services effected 
Monthly 10th of the next month 
GSTR-2 Details of inward supplies of taxable 
goods and/or services effected claiming 
input tax credit 
Monthly 15th of the next month 
GSTR-3 Monthly return on the basis of 
finalization of details of outward 
supplies and inward supplies along with 
the payment of amount of tax 
Monthly 20th of the next month 
GSTR-9 Annual Return Annually 31st December of next 
financial year 
  
3.2. A dealer opting for composition scheme: 
A composition dealer will enjoy the benefits of lesser returns & compliance along with 
payment of taxes at nominal rates. A composition dealer will file only 2 returns: 
Return 
Form 
Particulars Interval Due Date 
GSTR-4 Return for compounding 
taxable person 
Quarterly 18th of the month succeeding quarter 
GSTR-9A Annual Return Annually 31st December of next financial year 
 
3.3. Returns to be filed by specific registered dealers: 
Return 
Form 
Particulars Interval Due Date 
GSTR-5 Return for Non-Resident 
foreign taxable person 
Monthly 20th of the next month 
GSTR-6 Return for Input Service 
Distributor 
Monthly 13th of the next month 
GSTR-7 Return for authorities 
deducting tax at source. 
Monthly 10th of the next month 
GSTR-8 Details of supplies effected 
through e-commerce operator 
and the amount of tax collected 
Monthly 10th of the next month 
GSTR-10 Final Return Once. When 
registration is 
cancelled or 
surrendered 
Within three months of the date of 
cancellation or date of cancellation 
order, whichever is later 
GSTR-11 Details of inward supplies to 
be furnished by a person 
having UIN and claiming 
refund 
Monthly 28th of the month following the 
month for which statement is filed 
Different Types of Returns applicable under the new GST Law 
 
GST return can be filed using different forms depending on the type of transaction and 
registration of the taxpayer. Return forms for normal taxpayers are: 
 
GSTR-1 
GSTR-1 return form has to be filed by a registered taxable supplier with details of the outward 
supplies of goods and services. This form is filled by the supplier. The buyer has to validate the 
auto-populated purchase information on the form and make modifications if required. The form 
will contain the following details: 
Business name, period for which the return is filed, Goods and Services Taxpayer Identification 
Number (GSTIN) 
Invoices issued in the previous month and the corresponding taxes collected 
Advances received against a supply order that has to be delivered in the future 
Revision in outward sales invoices from the previous tax periods 
GSTR-1 has to be filed by 10th of the following month. 
 
GSTR-2A 
This form is available to the recipients. It is available on the 11 of next month for the recipients 
th
to see and validate the information therein. Recipients have time from 11 to 15
th th
 of next month 
to change any information, delete or add based on their books of accounts.  
 
GSTR-2 
GSTR-2 return form has to be filed by a registered taxable recipient with details of the inward 
supplies of goods and services. The form will contain the following details: 
Business name, period for which the return is filed, Goods and Services Tax Identification 
Number (GSTIN) 
Invoices issued in the previous month and the corresponding taxes collected 
Advances received against a supply order that has to be delivered in the future 
Revision in outward sales invoices from the previous tax periods 
GSTR-2 has to be filed by 15th of the following month. 
 
GSTR-1A 
GSTR-1A form shall be auto populated after filing of GSTR-2 on the 15
th
 of next month, having 
all the correct or changed information. The supplier shall have the choice to accept or reject the 
changes made by the recipient. Following such acceptance, the GSTR-1 shall be revised to such 
extent.  
GSTR-3 
GSTR-3 return form has to be filed by a registered taxpayer with details that are automatically 
populated by from GSTR-1 and GSTR-2 returns forms. The taxpayer has to verify and make 
modifications, if any. GSTR-3 return form will contain the following details: 
Details about Input Tax Credit, liability, and cash ledger 
Details of tax paid under CGST, SGST, and IGST 
Claim a refund of excess payment or request to carry forward the credit 
GSTR-3 has to be filed by 20th of the following month. 
 
GSTR-4 
GSTR-4 return form has to be filed by taxpayers who have opted for the Composition Scheme. 
Taxpayers with small business or a turnover of up to 75 lakhs can opt for the Composition `
Scheme wherein he or she have to pay tax at a fixed rate based on the type of business. 
Taxpayers under this scheme will not have input tax credit facility. GSTR-4 quarterly return 
form will contain the following details: 
The total value of consolidated supply made during the period of return 
Page 5


Returns & Refunds 
 
For properly updating the invoices, Indian taxpayers and businesses have to file certain 
returns with the Government.  
Different tax return forms have been prescribed under GST law for different kinds of 
taxpayers. Every statute requires the registered person to file the return in such format and 
within such time as may be prescribed in the specific statute. In the same line, the GST 
Act makes the provisions for furnishing of information by taxable person through filing of 
returns. In GST, returns are self-assessed by the registered persons. 
These returns have to be mandatorily filed as any non-compliance towards the same may lead 
to disallowance of input tax credit, apart from attracting penalties and interests etc. Proper filing 
of information and passing the same in the returns is a mandatory process for smooth flow of 
credit to the last recipient. The returns have been designed so that all transactions are in sync 
with each other and that no transaction is left unattended between the buyer and seller.  
 
What is GST Return? 
A return is a document containing details of income which a taxpayer is required to file with 
the tax administrative authorities. This is used by tax authorities to calculate tax liability. 
Under GST, a registered dealer has to file GST returns that include: 
• Purchases 
• Sales 
• Output GST (On sales) 
• Input tax credit (GST paid on purchases) 
To file GST returns, GST compliant sales and purchase invoices are required.  
 
Key Features of GST Returns 
• GST returns can only be filed online. 
• You will be able to generate & prepare forms offline but they need to be filed online. 
• A common return will be required for CGST, IGST, SGST & additional tax. 
• At GST common portal, you will be able to file return yourself or authorize someone to 
do it on your behalf. 
• Revision of returns once filed will not be allowed. You will be required to accommodate 
changes in next return. 
 
Who Needs to File Return under GST? 
• All the registered dealers irrespective of whether they do any business activity or not. A 
nil return will be required in case of no business activity. 
• Those PSUs or government entities which are not dealing in GST supplies. (they have 
separate filing procedure and are assigned separate departme ntal ID’s)
• Those persons who deal with nil-rated or non-GST or exempted goods. 
• UN agencies, etc. will file return but only for the month in which they make purchases. 
In the GST regime, any regular business has to file three monthly returns and one annual return. 
This amounts to 37 returns in a year. There are separate returns required to be filed by special 
cases such as composition dealers. 
 
What are the types of GST Returns? (With form, interval and due date) 
List of all the returns to be filed under the GST Law along with the due dates 
 
3.1. Any regular business: As per the CGST Act  
Return 
Form 
Particulars Interval Due Date 
GSTR-1 Details of outward supplies of taxable 
goods and/or services effected 
Monthly 10th of the next month 
GSTR-2 Details of inward supplies of taxable 
goods and/or services effected claiming 
input tax credit 
Monthly 15th of the next month 
GSTR-3 Monthly return on the basis of 
finalization of details of outward 
supplies and inward supplies along with 
the payment of amount of tax 
Monthly 20th of the next month 
GSTR-9 Annual Return Annually 31st December of next 
financial year 
  
3.2. A dealer opting for composition scheme: 
A composition dealer will enjoy the benefits of lesser returns & compliance along with 
payment of taxes at nominal rates. A composition dealer will file only 2 returns: 
Return 
Form 
Particulars Interval Due Date 
GSTR-4 Return for compounding 
taxable person 
Quarterly 18th of the month succeeding quarter 
GSTR-9A Annual Return Annually 31st December of next financial year 
 
3.3. Returns to be filed by specific registered dealers: 
Return 
Form 
Particulars Interval Due Date 
GSTR-5 Return for Non-Resident 
foreign taxable person 
Monthly 20th of the next month 
GSTR-6 Return for Input Service 
Distributor 
Monthly 13th of the next month 
GSTR-7 Return for authorities 
deducting tax at source. 
Monthly 10th of the next month 
GSTR-8 Details of supplies effected 
through e-commerce operator 
and the amount of tax collected 
Monthly 10th of the next month 
GSTR-10 Final Return Once. When 
registration is 
cancelled or 
surrendered 
Within three months of the date of 
cancellation or date of cancellation 
order, whichever is later 
GSTR-11 Details of inward supplies to 
be furnished by a person 
having UIN and claiming 
refund 
Monthly 28th of the month following the 
month for which statement is filed 
Different Types of Returns applicable under the new GST Law 
 
GST return can be filed using different forms depending on the type of transaction and 
registration of the taxpayer. Return forms for normal taxpayers are: 
 
GSTR-1 
GSTR-1 return form has to be filed by a registered taxable supplier with details of the outward 
supplies of goods and services. This form is filled by the supplier. The buyer has to validate the 
auto-populated purchase information on the form and make modifications if required. The form 
will contain the following details: 
Business name, period for which the return is filed, Goods and Services Taxpayer Identification 
Number (GSTIN) 
Invoices issued in the previous month and the corresponding taxes collected 
Advances received against a supply order that has to be delivered in the future 
Revision in outward sales invoices from the previous tax periods 
GSTR-1 has to be filed by 10th of the following month. 
 
GSTR-2A 
This form is available to the recipients. It is available on the 11 of next month for the recipients 
th
to see and validate the information therein. Recipients have time from 11 to 15
th th
 of next month 
to change any information, delete or add based on their books of accounts.  
 
GSTR-2 
GSTR-2 return form has to be filed by a registered taxable recipient with details of the inward 
supplies of goods and services. The form will contain the following details: 
Business name, period for which the return is filed, Goods and Services Tax Identification 
Number (GSTIN) 
Invoices issued in the previous month and the corresponding taxes collected 
Advances received against a supply order that has to be delivered in the future 
Revision in outward sales invoices from the previous tax periods 
GSTR-2 has to be filed by 15th of the following month. 
 
GSTR-1A 
GSTR-1A form shall be auto populated after filing of GSTR-2 on the 15
th
 of next month, having 
all the correct or changed information. The supplier shall have the choice to accept or reject the 
changes made by the recipient. Following such acceptance, the GSTR-1 shall be revised to such 
extent.  
GSTR-3 
GSTR-3 return form has to be filed by a registered taxpayer with details that are automatically 
populated by from GSTR-1 and GSTR-2 returns forms. The taxpayer has to verify and make 
modifications, if any. GSTR-3 return form will contain the following details: 
Details about Input Tax Credit, liability, and cash ledger 
Details of tax paid under CGST, SGST, and IGST 
Claim a refund of excess payment or request to carry forward the credit 
GSTR-3 has to be filed by 20th of the following month. 
 
GSTR-4 
GSTR-4 return form has to be filed by taxpayers who have opted for the Composition Scheme. 
Taxpayers with small business or a turnover of up to 75 lakhs can opt for the Composition `
Scheme wherein he or she have to pay tax at a fixed rate based on the type of business. 
Taxpayers under this scheme will not have input tax credit facility. GSTR-4 quarterly return 
form will contain the following details: 
The total value of consolidated supply made during the period of return 
Details of tax paid 
Invoice-level purchase information 
GSTR-4 has to be filed by 18th of the following month. 
 
GSTR-5 
GSTR-5 return form has to be filed by all registered non-resident taxpayers. This form will 
contain the following: 
Name and address of the taxpayer, GSTIN, and period of retu rn
Details of outward supplies and inward supplies 
Details of goods imported, any amendments in goods imported during the previous tax periods 
Import of services, amendments in import of services 
Details of credit or debit notes, closing stock of goods, and refund claimed from cash ledger 
GSTR-5 has to be filed by 20th of the following month. 
 
GSTR-6 
GSTR-6 return form has to be filed by all taxpayers who are registered as an Input Service 
Distributor. This form will contain the following: 
Name and address of the taxpayer, GSTIN, and period of return 
Details of input credit distributed 
Supplies received from registered persons 
The amount of input credit availed under the current tax period 
Details of inward supplies will be auto-populated from GSTR-1 and GSTR-5 return forms 
Details of the receiver of input credit corresponding to his or her GSTIN 
Details of credit or debit notes 
Input tax credit received, input tax credit reverted, and input tax credit distributed as SGST, 
CGST, and IGST 
GSTR-6 has to be filed by 13th of the following month. 
 
GSTR-7 
GSTR-7 return form has to be filed by all registered taxpayers who are required to deduct tax 
at source under the GST rule. This form will contain the following: 
Name and address of the taxpayer, GSTIN, and period of return 
TDS details and amendments in invoice amount, TDS amount or contract details 
TDS liability will be auto-populated. Details of fees for late filing of return and interest on 
delayed payment of TDS 
Refund received from Electronic Cash Ledger will be auto-populated 
GSTR-7 has to be filed by 10th of the following month.