Registered persons under GST are required to file periodic returns reporting their outward supplies, tax liability and input tax credit. This note explains three returns that most regular taxpayers encounter.
GSTR-1 — outward supplies
GSTR-1 reports the details of outward supplies (sales) made during the period. It is filed monthly or quarterly depending on the turnover and the scheme opted for.
GSTR-3B — summary return
GSTR-3B is a summary return through which a taxpayer declares the summary of outward supplies, input tax credit claimed and the net tax payable for the period.
GSTR-9 — annual return
GSTR-9 is the annual return that consolidates the information reported during the financial year. Its applicability depends on the category of the taxpayer and the turnover.
Why reconciliation matters
Reconciling the returns with the books of account and with the auto-populated statements helps identify mismatches in input tax credit and outward supplies early, reducing the risk of notices and interest.
This article is for general information only and does not constitute professional advice. GST provisions are subject to change.