What is GSTR 1, GSTR 2, GSTR 3B & GSTR 9 | Must know GST Return | Easy Explanation | myBooks

What is GSTR 1, GSTR 2, GSTR 3B & GSTR 9 | Must know GST Return | Easy Explanation | myBooks

In this video, you are going to learn and gain knowledge regarding the basic type of GSTR that every business owner must know.

To get more knowledge regarding GST return, visit

The GST was launched by the government of India and the Indian president on July 1, 2017. In simple words, we can describe GST as an indirect tax on the supply of goods and services.

There are as many GST return starting from GSTR 1 to GSTR 11 (GSTR 1, GSTR 2, GSTR 3, GSTR 3B, GSTR 4, GSTR 5, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 9A, GSTR 10 and GSTR 11)

Though we have more GSTR filing types, it is not mandatory to file all the types of GST return.

Atleast every business should know about GST return filing on GSTR 1, GSTR 2, GSTR 3B, and GSTR 9.

GSTR 1: GSTR 1 is the return of reporting. It represents the return of outward supplies i.e., return of sales. The transactions you made on the previous month of your business under your sales will be filed here.
The due date to file your GSTR 1 is 11th of every month.
If you are a small business owner and your aggregated turnover is less than 1.5 crore, then you can file GSTR 1 on a quarterly basis.

GSTR 2: GSTR 2 represents the return of inward supplies i.e., return of purchases made by you. It is also a return of reporting. GSTR 2 filing involves all your purchase made in your previous month will be filed here.
The due date to file GSTR 2 is 15th of every month.
If you are a small business owner, and your aggregated turnover is less than 1.5 crore, you can file GSTR 2 on a quarterly basis.

GSTR 3B: GSTR 3B is the return of tax payment. If any taxpayer tends to file GST, then he/she must file GSTR 3B.
The due date to file GSTR 3B is 20th of every month

GSTR 9: GSTR 9 is the annual report. This is not an easy filing process. Since GSTR 9 is the annual report, you are required to file your whole transactions report made in the respective year. GSTR 9 will be filled once a year.
The due date to file GSTR 9 is December 31st of every year.

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[mnandakumar]

Thankyou for such a wonderful presentation