GST law prescribes multiple return types, each serving a different compliance purpose.
- GSTR-1 – Monthly or quarterly return for reporting outward supplies of goods and services.
- GSTR-3B – Monthly self-declaration summarizing sales, input tax credit claims, and tax liability.
- GSTR-4 – Annual return for composition scheme taxpayers.
- GSTR-5 – For non-resident taxable persons to report inward and outward supplies.
- GSTR-6 – Filed by Input Service Distributors to distribute input tax credit.
- GSTR-9 – Annual return for regular taxpayers summarizing yearly transactions.
Each type ensures accurate tax reporting and reconciles transactions between buyers and sellers. Filing the correct form on time is critical to avoiding penalties and ensuring uninterrupted input tax credit flow. Legal Papers India assists in identifying the right return type and filing it with precision
