GST Returns And Payment

GST Returns And Payment

GST Returns and Payment Types of Returns under GST (GSTR-1 to GSTR-9) Under the Goods and Services Tax (GST) regime in India, businesses are required to file GST returns to report their sales, purchases, and other relevant transactions to the government. These returns ensure that businesses comply with the tax laws and help the authorities track tax payments. Below are the key types of GST returns (GSTR-1 to GSTR-9): 1. GSTR-1: Details of Outward Supplies Who files it : All GST-registered businesses, except composition scheme taxpayers. When to file : Monthly (due on the 11th of the following month) or quarterly (if opted for the Quarterly Return Monthly Payment (QRMP) scheme). Details reported : Information about outward supplies (sales) of goods and services, including invoices, debit notes, credit notes, and amendments. Details of B2B and export transactions. 2. GSTR-2: Details of Inward Supplies Who files it : Initially, it was meant for all taxpayers to report inward supplies (purchases) but is currently suspended. When to file : Was to be filed monthly, but the government has suspended its filing requirement, and the data is auto-populated from GSTR-1. Details reported : Information about purchases and input tax credit (ITC) claims. 3.

Updated July 15, 2026