Information

Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.

Under GST, a regular taxpayer needs to furnish monthly / quarterly returns and one annual return. There are separate returns for a taxpayer registered under the composition scheme, non-resident taxpayer, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/ TCS) and a person granted Unique Identification Number. It is important to note that a taxpayer is NOT required to file all types of returns. In fact, taxpayers are required to file returns depending on the activities they undertake.

Key Features :-

  1. Unified Platform
  2. Subsuming of Taxes
  3. Ease of Doing Business
  4. Larger Tax Base

Type :-

Under GST regime there are numerous returns. Most commonly used return will be GSTR 1, 2, 3, 4 & 9; Cokaco expert team will assist you in filing different GST Return forms depending upon the nature of transaction and your registration.

Return Description Filed By Due Date Periodicity
GSTR 1 Registered persons with aggregate turnover of more than 1.5 crore must file a monthly return. For those with aggregate turnover of less than 1.5 crore, the monthly return is optional. Regular Registered dealer/ seller/ supplier 10th of the following month Monthly
Registered persons with an aggregate turnover up to Rs. 1.5 crore may opt for quarterly return filing 10th of the following quarter Quarterly
GSTR TRAN 1 It is a form where any dealer/ business having a closing stock wishes to claim Input Tax Credit available under Pre- GST regime, irrespective of whether a person was registered or not under pre-GST regime. Persons registered under GST regime who may be registered or unregistered under pre - GST regime Extended for certain tax payer up to 31st March 2019 N. A
GSTR TRAN 2 It is a form where any dealer/ business having a closing stock wishes to claim Input Tax Credit available under Pre- GST regime, and is not registered under pre-GST regime. Also does not possess any documents evidencing tax payment. Persons registered under GST regime who is not registered under pre - GST regime Extended for certain tax payer up to 30th April 2019 N. A
GSTR TRAN 3 It is a statement which contains the details of credit transfer document which is issued by a manufacturer as a proof of his Excise Duty payment on goods, which were manufactured and transacted before the date of GST implemented. Manufacturer who has issued Credit Transfer Document to dealers.
Or
Dealers who have received Credit Transfer Document (CTD) issued by manufacturer
Within 60 days of the appointed date. N. A
GSTR 2A It is an auto-generated read only document with a list of all of the invoices from the various sellers during the month which is for information purpose only. N. A N. A Monthly
GSTR 3B It is a monthly return with the summarized details of sales, purchases, sales during the month along with the amount of GST liability. Taxpayers are allowed to take the input tax credit (ITC) based on the details declared by the taxpayer in Table 4 of Form GSTR – 3B. Regular Registered dealer/ seller/ supplier 20th of the following month Monthly
GSTR 3B - Nil Return Registered persons even with no business transaction or no invoices raised are required to file Nil Return. 20th of the following month Monthly
GSTR 4 Person Registered with a turnover of less than Rs. One crore or 75 lakhs for the specified states can opt for Composition scheme and are required to file only this return, unlike other registered dealers. Registered Person under Composition scheme 18th of the following month Quarterly
GSTR-5 It is a summarized form furnishes with details of inward and outward supplies and transaction details of a particular business for a non-resident foreign taxpayer. Non-resident Taxable Person 20th of the following month Monthly
GSTR 6 It contains details of Input Tax Credit received by an Input Service Distributor and provides details of input credit distributed. Input Service Distributor 13th of the following month Monthly
GSTR 6 A It is a read only - system generated form based on the details provided by the suppliers of an Input Service Distributor. N. A N. A Monthly
GSTR 7 It is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received under GST.
  1. a department or establishment of the Central Government or State Government;
  2. local authority;
  3. Governmental agencies;
  4. Public sector undertakings;
  5. A society established by the Central Govt or State Govt or a local authority;
  6. An authority or board set up by the parliament or the Central or State Government with equity holding of 51% or more.
  7. such persons or category of persons as may be notified by the Government on the recommendations of the Council.
10th of the next month Monthly
GSTR 8 It is a Statement of TCS (Tax Collected at Source) to be filed by E Commerce Operators Ecommerce Operators 10th of the following month Monthly
GSTR 9 Annual Return All dealers except dealer registered under composition scheme **31st December of the Next Financial Year Annually
GSTR 9 A Annual Return Ecommerce Operators **31st December of the Next Financial Year Annually
GSTR 9 C Annual Return Taxpayers whose annual turnover exceeds Rs. 2 Crores during the financial year. **31st December of the Next Financial Year Annually
** CBIC as per Order No.03/2018-Central Tax, dated 31st December 2018 has extended Filing of GSTR 9/ 9A /9C till 30th June 2019.
GSTR 10 This is statement of stocks held by such taxpayer on day immediately preceding the date from which cancellation is made effective. A taxable person whose GST registration is cancelled or surrendered Within three months of the date of cancellation or date of order of cancellation, whichever is later.
GSTR 11 It is a statement of inward supply of goods or services or both received by an UIN holder and claiming refund. Filed by persons who have been assigned a Unique Identity Number (UIN) 28th of the following month Quarterly
Interest on Late Payment of GST :-

According to the GST regulations, an interest will be charged at the rate of 18 percent per annum from the taxpayers who fail to pay their taxes on time. The interest will be levied for the days after the due date.

An Interest will be charged at the rate of 24 percent per annum incase of excess ITC claimed or excess reduction in Output Tax

Late Fees on Non Filing of GST Return
Return Particulars Late Fees (Per Day)
ALL GST RETURNS EXCEPT GST ANNUAL RETURNS(GSTR-9) In case of Nil Return Rs. 100* CGST - Rs.50 & SGST - Rs.50 or IGST - Rs. 100/-
In Other Cases Rs. 200* CGST - Rs.100 & SGST - Rs.100 or IGST - Rs. 200/-
*Subject to the Maximum Late fees charge is Rs. 5000/-
Return Late Fees (Per Day)
GSTR 9 Rs. 200* CGST - Rs.100 & SGST / UGST - Rs. 100/-
*subject to the maximum late fees of an amount calculated at 0.25% of the Turnover for the financial year.
CBIC has notified reduced amount of late fees for a delay in filing some GST returns for a temporary period as a relief measure for businesses having difficulties
Return Particulars Late Fees (Per Day)
GSTR 1 & GSTR 3B In case of Nil Return Rs. 20 CGST - Rs.10 & SGST - Rs.10 or IGST - Rs. 20/-
In Other Cases Rs. 50 CGST - Rs.25 & SGST - Rs.25 or IGST - Rs. 50/-

FAQ :-

Who has to file GST Return?

Every entity registered under GST will have to file a GST Return. A Nil return has to be filed even if no purchase-sales activities have been carried out during the return period.

What is the periodicity of filing return?

Depending on the type of registration and transactions different periods have been specified. Monthly Return has to be filed by Regular taxpayers, Foreign Non-Residents, Input Service Distributor, Tax Deductors and E-commerce Operators whereas Composition taxpayers will have to file a quarterly return. There is also an additional Annual GST Return apart from this.

What if I do not file the return on time?

If the return is not filed within the due date then the taxpayer is penalized with a late fee of Rs. 100 per day up to a maximum of Rs. 5000/-.

Do different return forms have to be filed for CGST, SGST, IGST?

No, the return forms are common for CGST, SGST, and IGST. A separate column is available for each of them in the same form and will be filled depending on Intra-state or Inter-state supply.

What is GSTR-1 return?

GSTR-1 return will include details of the outward supplies or sales of goods and/or services by the taxpayer. This return form would capture the following information:

  • Basic details like Business Name along with GSTIN, period for which the return is being filed etc.
  • Details of invoices issued in the previous month and the corresponding taxes to be paid.
  • Details of advances received against a supply which has to be made in future.
  • Details of revision in relation to outward sales invoices pertaining to previous tax periods.
What is GSTR-2 return?

GSTR-2 return will include details of the inward supplies or purchases of goods and/or services by the taxpayer. GSTR-2 is prefilled for a buyer based on the GSTR-1 filed by his supplier. You just have to validate this prefilled information and make modifications if required. For example, if you are buying goods from company B, then the company B would have filed its GSTR-1 and included your name as the buyer. Now the same information will be reflected in your GSTR-2 as purchases which you need to validate. GSTR-2 will thus include the details of auto-populated purchases.

What is GSTR-3 return?

One can say that GSTR 3 is a combined version of GSTR 1 and GSTR 2. As in the case of GSTR-2, GSTR-3 is also prefilled for a taxpayer based on the GSTR-1 and GSTR-2. You just have to validate this prefilled information and make modifications if required. GSTR-3 return will include the following details:

  • Information about Input Tax Credit ledger, Cash ledger, and Liability ledger
  • Details of payment of tax under various tax heads of CGST, SGST, and IGST
  • Taxpayer will have the option of claiming a refund of excess payment or to carry forward the credit.
What is GST quarterly Return (GSTR-4)?

A small taxpayer with a turnover of up to Rs. 75 Lakhs has the option to opt for the composition scheme. In such a case he would be required to pay taxes at a fixed rate depending on the type of his business (2% for manufacturers, 5% for restaurant service sector and 1% for other suppliers). Although no input tax credit facility would be available. A taxpayer opting for the composition scheme would be required to file a simplified quarterly return that is GSTR-4. He is required to provide only the following details:

  • The total value of consolidated supply made during the period of return
  • Details of payment of tax in the return
  • Declare invoice-level purchase information.
What is GST Annual Return (GSTR-9)?

All the normal taxpayers would be required to submit annual return under GST. This is intended to provide complete visibility about the activities of the taxpayer.

  • It will be a detailed return and will capture details of all the income and expenditure of the taxpayer and will regroup them in accordance with the monthly returns.
  • A major advantage of this return will be that it will provide the opportunity to correct any short reporting of activities undertaken.
  • The due date for the return is 31st December following the end of the financial year for which it is filed. And the same has to be filed along with the audited copies of the Annual Accounts.
Can I pay the taxes due after filing the return?

No, taxes due have to be paid before filing the return for that period otherwise the return will be invalid.

Can the return be revised?

No, the GST return cannot be revised. Any changes in details can however be made in the amendment section of the Return Form of next period.

What is Form GSTR-7?

Form GSTR-7 is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received. Tax deductor has a legal obligation:

  • To declare his TDS liability for a given period (monthly) in Form GSTR-7;
  • Furnish details of the TDS deducted under three major heads viz., Central tax, State/UT tax and Integrated tax in accordance with that return;
  • File correct and complete return within stipulated time frame, given the fact that the TDS credit will be available to the counter party taxpayer (supplier) upon filing of TDS return in Form GSTR-7
  • By the Deductor (i.e., person liable to deduct TDS); and Issue TDS certificate to the deductee.
What are the pre-conditions for filing Form GSTR-7?

Pre-conditions for filing of Form GSTR-7 are:

  • Tax Deductor should be registered as Tax Deductor and should have a valid/active GSTIN.
  • Tax Deductor should have valid User ID and password.
  • Tax Deductor should have active & non-expired/ revoked digital signature (DSC) in case return is filed through DSC.
  • Tax Deductor has made payment or credited the amount to the supplier’s account.
What is TDS Certificate?

A TDS certificate is a certificate generated in Form GSTR-7A on the basis of information furnished in return by Deductor in his Form GSTR-7.

Why do I need to file transition Form GST TRAN - 1?

Every registered person who is eligible to take credit of eligible duties and taxes paid under existing laws in respect of input or input services or capital goods in his/her Electronic Credit Ledger, needs to file a declaration in Form GST TRAN - 1 within 90 days + extended days of the appointed day (1st July 2017).

After successful filing of transition Form GST TRAN - 1 online, the credit will be credited/posted to their Electronic Credit Ledger and can be utilized for discharge of liabilities under GST regime.

Why do I need to file transition Form GST TRAN - 2?

Every registered person who is eligible to take credit in his/her Electronic Credit Ledger of eligible duties and taxes paid under existing laws in respect of inputs, in respect of which he is not in possession of invoice or any other documents evidencing payment of duty or tax, needs to declare such stock in Form GST TRAN - 1. Subsequently he is required to file Form GST TRAN – 2, at the end of each six tax period from the appointed date in which such stock is sold and central/state tax is paid by the taxpayer and claim ITC as applicable percentage of the tax paid under GST.

Information

Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.

Under GST, a regular taxpayer needs to furnish monthly / quarterly returns and one annual return. There are separate returns for a taxpayer registered under the composition scheme, non-resident taxpayer, taxpayer registered as an Input Service Distributor, a person liable to deduct or collect the tax (TDS/ TCS) and a person granted Unique Identification Number. It is important to note that a taxpayer is NOT required to file all types of returns. In fact, taxpayers are required to file returns depending on the activities they undertake.

  1. Unified Platform
  2. Subsuming of Taxes
  3. Ease of Doing Business
  4. Larger Tax Base

Under GST regime there are numerous returns. Most commonly used return will be GSTR 1, 2, 3, 4 & 9; Cokaco expert team will assist you in filing different GST Return forms depending upon the nature of transaction and your registration.

Return Description Filed By Due Date Periodicity
GSTR 1 Registered persons with aggregate turnover of more than 1.5 crore must file a monthly return. For those with aggregate turnover of less than 1.5 crore, the monthly return is optional. Regular Registered dealer/ seller/ supplier 10th of the following month Monthly
Registered persons with an aggregate turnover up to Rs. 1.5 crore may opt for quarterly return filing 10th of the following quarter Quarterly
GSTR TRAN 1 It is a form where any dealer/ business having a closing stock wishes to claim Input Tax Credit available under Pre- GST regime, irrespective of whether a person was registered or not under pre-GST regime. Persons registered under GST regime who may be registered or unregistered under pre - GST regime Extended for certain tax payer up to 31st March 2019 N. A
GSTR TRAN 2 It is a form where any dealer/ business having a closing stock wishes to claim Input Tax Credit available under Pre- GST regime, and is not registered under pre-GST regime. Also does not possess any documents evidencing tax payment. Persons registered under GST regime who is not registered under pre - GST regime Extended for certain tax payer up to 30th April 2019 N. A
GSTR TRAN 3 It is a statement which contains the details of credit transfer document which is issued by a manufacturer as a proof of his Excise Duty payment on goods, which were manufactured and transacted before the date of GST implemented. Manufacturer who has issued Credit Transfer Document to dealers.
Or
Dealers who have received Credit Transfer Document (CTD) issued by manufacturer
Within 60 days of the appointed date. N. A
GSTR 2A It is an auto-generated read only document with a list of all of the invoices from the various sellers during the month which is for information purpose only. N. A N. A Monthly
GSTR 3B It is a monthly return with the summarized details of sales, purchases, sales during the month along with the amount of GST liability. Taxpayers are allowed to take the input tax credit (ITC) based on the details declared by the taxpayer in Table 4 of Form GSTR – 3B. Regular Registered dealer/ seller/ supplier 20th of the following month Monthly
GSTR 3B - Nil Return Registered persons even with no business transaction or no invoices raised are required to file Nil Return. 20th of the following month Monthly
GSTR 4 Person Registered with a turnover of less than Rs. One crore or 75 lakhs for the specified states can opt for Composition scheme and are required to file only this return, unlike other registered dealers. Registered Person under Composition scheme 18th of the following month Quarterly
GSTR-5 It is a summarized form furnishes with details of inward and outward supplies and transaction details of a particular business for a non-resident foreign taxpayer. Non-resident Taxable Person 20th of the following month Monthly
GSTR 6 It contains details of Input Tax Credit received by an Input Service Distributor and provides details of input credit distributed. Input Service Distributor 13th of the following month Monthly
GSTR 6 A It is a read only - system generated form based on the details provided by the suppliers of an Input Service Distributor. N. A N. A Monthly
GSTR 7 It is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received under GST.
  1. a department or establishment of the Central Government or State Government;
  2. local authority;
  3. Governmental agencies;
  4. Public sector undertakings;
  5. A society established by the Central Govt or State Govt or a local authority;
  6. An authority or board set up by the parliament or the Central or State Government with equity holding of 51% or more.
  7. such persons or category of persons as may be notified by the Government on the recommendations of the Council.
10th of the next month Monthly
GSTR 8 It is a Statement of TCS (Tax Collected at Source) to be filed by E Commerce Operators Ecommerce Operators 10th of the following month Monthly
GSTR 9 Annual Return All dealers except dealer registered under composition scheme **31st December of the Next Financial Year Annually
GSTR 9 A Annual Return Ecommerce Operators **31st December of the Next Financial Year Annually
GSTR 9 C Annual Return Taxpayers whose annual turnover exceeds Rs. 2 Crores during the financial year. **31st December of the Next Financial Year Annually
** CBIC as per Order No.03/2018-Central Tax, dated 31st December 2018 has extended Filing of GSTR 9/ 9A /9C till 30th June 2019.
GSTR 10 This is statement of stocks held by such taxpayer on day immediately preceding the date from which cancellation is made effective. A taxable person whose GST registration is cancelled or surrendered Within three months of the date of cancellation or date of order of cancellation, whichever is later.
GSTR 11 It is a statement of inward supply of goods or services or both received by an UIN holder and claiming refund. Filed by persons who have been assigned a Unique Identity Number (UIN) 28th of the following month Quarterly
Interest on Late Payment of GST :-

According to the GST regulations, an interest will be charged at the rate of 18 percent per annum from the taxpayers who fail to pay their taxes on time. The interest will be levied for the days after the due date.

An Interest will be charged at the rate of 24 percent per annum incase of excess ITC claimed or excess reduction in Output Tax

Late Fees on Non Filing of GST Return
Return Particulars Late Fees (Per Day)
ALL GST RETURNS EXCEPT GST ANNUAL RETURNS(GSTR-9) In case of Nil Return Rs. 100* CGST - Rs.50 & SGST - Rs.50 or IGST - Rs. 100/-
In Other Cases Rs. 200* CGST - Rs.100 & SGST - Rs.100 or IGST - Rs. 200/-
*Subject to the Maximum Late fees charge is Rs. 5000/-
Return Late Fees (Per Day)
GSTR 9 Rs. 200* CGST - Rs.100 & SGST / UGST - Rs. 100/-
*subject to the maximum late fees of an amount calculated at 0.25% of the Turnover for the financial year.
CBIC has notified reduced amount of late fees for a delay in filing some GST returns for a temporary period as a relief measure for businesses having difficulties
Return Particulars Late Fees (Per Day)
GSTR 1 & GSTR 3B In case of Nil Return Rs. 20 CGST - Rs.10 & SGST - Rs.10 or IGST - Rs. 20/-
In Other Cases Rs. 50 CGST - Rs.25 & SGST - Rs.25 or IGST - Rs. 50/-
Who has to file GST Return?

Every entity registered under GST will have to file a GST Return. A Nil return has to be filed even if no purchase-sales activities have been carried out during the return period.

What is the periodicity of filing return?

Depending on the type of registration and transactions different periods have been specified. Monthly Return has to be filed by Regular taxpayers, Foreign Non-Residents, Input Service Distributor, Tax Deductors and E-commerce Operators whereas Composition taxpayers will have to file a quarterly return. There is also an additional Annual GST Return apart from this.

What if I do not file the return on time?

If the return is not filed within the due date then the taxpayer is penalized with a late fee of Rs. 100 per day up to a maximum of Rs. 5000/-.

Do different return forms have to be filed for CGST, SGST, IGST?

No, the return forms are common for CGST, SGST, and IGST. A separate column is available for each of them in the same form and will be filled depending on Intra-state or Inter-state supply.

What is GSTR-1 return?

GSTR-1 return will include details of the outward supplies or sales of goods and/or services by the taxpayer. This return form would capture the following information:

  • Basic details like Business Name along with GSTIN, period for which the return is being filed etc.
  • Details of invoices issued in the previous month and the corresponding taxes to be paid.
  • Details of advances received against a supply which has to be made in future.
  • Details of revision in relation to outward sales invoices pertaining to previous tax periods.
What is GSTR-2 return?

GSTR-2 return will include details of the inward supplies or purchases of goods and/or services by the taxpayer. GSTR-2 is prefilled for a buyer based on the GSTR-1 filed by his supplier. You just have to validate this prefilled information and make modifications if required. For example, if you are buying goods from company B, then the company B would have filed its GSTR-1 and included your name as the buyer. Now the same information will be reflected in your GSTR-2 as purchases which you need to validate. GSTR-2 will thus include the details of auto-populated purchases.

What is GSTR-3 return?

One can say that GSTR 3 is a combined version of GSTR 1 and GSTR 2. As in the case of GSTR-2, GSTR-3 is also prefilled for a taxpayer based on the GSTR-1 and GSTR-2. You just have to validate this prefilled information and make modifications if required. GSTR-3 return will include the following details:

  • Information about Input Tax Credit ledger, Cash ledger, and Liability ledger
  • Details of payment of tax under various tax heads of CGST, SGST, and IGST
  • Taxpayer will have the option of claiming a refund of excess payment or to carry forward the credit.
What is GST quarterly Return (GSTR-4)?

A small taxpayer with a turnover of up to Rs. 75 Lakhs has the option to opt for the composition scheme. In such a case he would be required to pay taxes at a fixed rate depending on the type of his business (2% for manufacturers, 5% for restaurant service sector and 1% for other suppliers). Although no input tax credit facility would be available. A taxpayer opting for the composition scheme would be required to file a simplified quarterly return that is GSTR-4. He is required to provide only the following details:

  • The total value of consolidated supply made during the period of return
  • Details of payment of tax in the return
  • Declare invoice-level purchase information.
What is GST Annual Return (GSTR-9)?

All the normal taxpayers would be required to submit annual return under GST. This is intended to provide complete visibility about the activities of the taxpayer.

  • It will be a detailed return and will capture details of all the income and expenditure of the taxpayer and will regroup them in accordance with the monthly returns.
  • A major advantage of this return will be that it will provide the opportunity to correct any short reporting of activities undertaken.
  • The due date for the return is 31st December following the end of the financial year for which it is filed. And the same has to be filed along with the audited copies of the Annual Accounts.
Can I pay the taxes due after filing the return?

No, taxes due have to be paid before filing the return for that period otherwise the return will be invalid.

Can the return be revised?

No, the GST return cannot be revised. Any changes in details can however be made in the amendment section of the Return Form of next period.

What is Form GSTR-7?

Form GSTR-7 is a return which is required to be filed by the persons who deduct tax at the time of making/crediting payment to suppliers towards the inward supplies received. Tax deductor has a legal obligation:

  • To declare his TDS liability for a given period (monthly) in Form GSTR-7;
  • Furnish details of the TDS deducted under three major heads viz., Central tax, State/UT tax and Integrated tax in accordance with that return;
  • File correct and complete return within stipulated time frame, given the fact that the TDS credit will be available to the counter party taxpayer (supplier) upon filing of TDS return in Form GSTR-7
  • By the Deductor (i.e., person liable to deduct TDS); and Issue TDS certificate to the deductee.
What are the pre-conditions for filing Form GSTR-7?

Pre-conditions for filing of Form GSTR-7 are:

  • Tax Deductor should be registered as Tax Deductor and should have a valid/active GSTIN.
  • Tax Deductor should have valid User ID and password.
  • Tax Deductor should have active & non-expired/ revoked digital signature (DSC) in case return is filed through DSC.
  • Tax Deductor has made payment or credited the amount to the supplier’s account.
What is TDS Certificate?

A TDS certificate is a certificate generated in Form GSTR-7A on the basis of information furnished in return by Deductor in his Form GSTR-7.

Why do I need to file transition Form GST TRAN - 1?

Every registered person who is eligible to take credit of eligible duties and taxes paid under existing laws in respect of input or input services or capital goods in his/her Electronic Credit Ledger, needs to file a declaration in Form GST TRAN - 1 within 90 days + extended days of the appointed day (1st July 2017).

After successful filing of transition Form GST TRAN - 1 online, the credit will be credited/posted to their Electronic Credit Ledger and can be utilized for discharge of liabilities under GST regime.

Why do I need to file transition Form GST TRAN - 2?

Every registered person who is eligible to take credit in his/her Electronic Credit Ledger of eligible duties and taxes paid under existing laws in respect of inputs, in respect of which he is not in possession of invoice or any other documents evidencing payment of duty or tax, needs to declare such stock in Form GST TRAN - 1. Subsequently he is required to file Form GST TRAN – 2, at the end of each six tax period from the appointed date in which such stock is sold and central/state tax is paid by the taxpayer and claim ITC as applicable percentage of the tax paid under GST.