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GST Return filing to stay simple

Days before the rollout of the the goods and services tax (GST), the government today sought to dispel the notion that the new levy will be cumbersome and compliance-heavy, saying taxpayers need to file only one return every month, similar to what they do at present.


Revenue secretary Hasmukh Adhia said the notion that assessees will have to file three returns every month is unfounded and retailers or B2C (business to consumer) dealers need not give invoice-wise details every month.

“Eighty per cent of the businesses will have to simply file total turnover detail in return because they are all B2C dealers or retailers. Return filing is very easy, people need not worry about filing process, it is very transparent and is done by machine,” Adhia said.

Explaining the filing of returns, he said when a supplier uploads details of sale invoices, a GST Return-1 is generated by the 10th of next month.

The details from suppliers in GSTR-1 automatically gets updated in GST Return-2 (GSTR-2) of the purchaser. GSTR-2 is to be filed by the 15th of next month and is just a few clicks on the computer. GSTR-2 doesn’t need full filing of return.

“GSTR 2 is not to be filed by anybody. It will be appearing in the computer on its own account and they can confirm it. If there is any transaction missing in the purchase which the computer is not showing because the person from whom you bought has forgotten to put it, then you can add it. It is an auto-populated return. Click it and accept it online,” he said.

While only B2B dealers have to file both GSTR-1 and GSTR-2, retailers do not need to file GSTR-2 as they have to only match with what the dealer has uploaded on the GST Network.

By the 17th of the month, both the supplier and the recipient will have to reconcile the invoice details and file the third return (GSTR-3) by the 20th of the month.

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