Home > GST
GST Return is a document that has all the details regarding the sales, purchases, output tax, i.e. the tax collected on sales, and input tax i.e. the tax paid on purchases. The businesses must file the GST Return to pay the net tax liability.
All the businesses registered under GST have to do GST Return Filing either quarterly, monthly or annually based on the type of business.
GST registered Businesses typically have to file two returns per month (GSTR-1, GSTR-3B) in each State where they operate. Annual GST returns (GSTR 9 & 9C) also required. This means a Business will have to complete 26 returns per annum in each State where they are operating.
Please note that there is no provision for revising the returns. All invoices for the previous Tax period that went unreported must be included in the current month.
Reminder for All due dates, GST payments.
Filing return before the due date.
Experts filing your return and ensure to get proper input Tax Credit.
100% Accurate filing.
Establishing Communication between Tax payers through GST portal for any mismatch of invoices or ITC.
Draft GST computation send to client for confirmation.
Filing GST only after your confirmation.
For Businesses Having No Sales Transactions during the Tax Period
Service Includes Filings of:
For Businesses Having Transactions Upto 25 Per Month
Service Includes Filings of:
For Businesses Having 25-50 Transactions Per Month
Service Includes Filings of:
For Businesses Having 50-100 Transactions Per Month
Service Includes Filings of:
For Businesses Having more than 100 Transactions Per Month
Service Includes Filings of:
GST Plans - Composition Dealer
Service Includes Filings of:
GST Consultations
Service Includes Filings of:
Businesses Required to File GSTR-9
Service Includes Filings of:
Businesses Required to File GSTR-9 & GSTR-9C
Service Includes Filings of:
| Return type | Particulars | Frequency of Filling | Due Date |
|---|---|---|---|
| GSTR – 1 | Details of Sale of Goods/services during the month | Monthly | 11th of the next month |
| GSTR – 2 | Details of Purchase of Goods/services during the month | Monthly | 15th of the next month |
| GSTR – 3 | Summary of finalisation Sales and Purchase during the month along with payment of tax. | Monthly | 20th of the next month |
| GSTR – 3B | It’s a simple return summary of sales with Input tax credit and payment of tax. | Monthly | 20th of the next month |
| GSTR – 4 | Composition supplier | Quarterly | 18th of the next month next quarter |
| GSTR – 5 | Non-resident foreign taxable person returns | Monthly | 20th of the next month |
| GSTR – 6 | Returns for an input service distributor | Monthly | 13th of the next month |
| GSTR – 7 | Returns for authorities deducting TDS | Monthly | 10th of the next month |
| GSTR – 8 | Sales/Services made through e-commerce operator and the tax amount collected | Monthly | 10th of the next month |
| GSTR – 9 | Annual return for a normal taxpayer | Annually | 31st December of next financial year |
| GSTR – 9A | Annual return of a taxpayer registered under the composition levy anytime during the year | Annually | 31st December of next financial year |
| GSTR – 10 | Final return | When GST Registration cancelled or surrendered | Within 3 months of the date of cancellation or the date of cancellation of an order, whichever is later |
| GSTR – 11 | Details of inward supplies to be furnished by a person having UIN and claiming a refund | Monthly | 28th of the following month for which the statement is filed |
Under the GST regime, regular businesses having more than Rs.5 crore as annual aggregate turnover (and taxpayers who have not opted for the QRMP scheme) have to file two monthly returns and one annual return. This amounts to 25 returns each year.
Taxpayers with a turnover of up to Rs.5 crore have the option to file returns under the QRMP scheme. The number of GSTR filings for QRMP filers is 9 each year, which include 4 GSTR-1 and GSTR-3B returns each and an annual return. Note that QRMP filers have to pay tax on a monthly basis even though they are filing returns quarterly.
There are also separate statements/returns required to be filed in special cases such as composition dealers where the number of GSTR filings is 5 each year (4 statement-cum-challans in CMP-08 and 1 annual return GSTR-4).
Sale Invoices issued to persons with GSTIN or B2B invoices
Sale Invoices issued to persons without GSTIN or B2C invoices
A consolidation of inter-state sales and
HSN/SAC-wise summary of all goods/Services sold
Any other debit (Purchase Returns) or credit notes (Sales Returns) or advance receipts.
Bank Account Statements for the Tax period
GST Eliminates Cascading Effect: Earlier there were many instances where tax on tax was paid for a single transaction. As GST did away with several other taxes like central excise duty, service tax, customs duty, and state-level value-added tax, you no longer are subjected to paying tax on tax. This saves you money.
Higher Threshold: The threshold for GST is aggregate turnover exceeding 40 lakhs for sale of goods and aggregate turnover exceeding 20 lakhs for sale of services. This means small businesses falling below this threshold limit are not subject to GST Filing.
Easier for Startups and E-commerce Businesses: The GST system has made it easier for startups and e-commerce companies to manage their taxes. E-commerce particularly suffered from different tax laws across different states which are now eradicated by GST.
More Organised System: Before the GST tax return filing system was disorganised. Now, all taxes are paid online and major hassles that were a part of tax filing have been eliminated in the process of introducing GST.
GST Return filing is a detailed filing process that includes the following steps to be followed by every GST Taxpayer:
Step 1: Collecting the Documents and Invoices: All registered taxpayers must collect the requisite documents and invoices for GST Return Filing
Step 2: Filing the Application with the Necessary Documents: All the information and documents are required to be filed by the applicant
Step 3: Major Pre-Compliances before Filing the GST Return:
Before filing the GST return, the initial step is to review the GST filing and records before submission.
The second step is the confirmation that the records, invoices, and documents are correct.
Step 4:Completing the GST Return Filing: The applicant can final complete the GST return Filing after cross checking all the documents
There are three easy ways to track GST returns status online
When submitting the tax return, taxpayers are allotted a unique number called an ARN which helps in tracking the status of the tax return which is to be done every month. Steps to view the status through ARN are explained below:
Step 1: Visit the official GST portal and log in to your user portal by filing down the required credentials or entering the valid details
Step 2: Click of the Services > Returns > Track Return status
Step 3: Enter the ARN number which has been sent to the registered email address of the taxpayer and click on the search key.
On clicking on the search option, there would be a full display of the return application status which will be having all the relevant details.
Step 1: Visit the official GST portal and log in to your user portal by filing down the required credentials or entering the valid details
Step 2: Click of the Services > Returns > Track Return status
Step 3: Click on the GST Return Filing period and enter the dates with the help of the calendar available
Step 4: On clicking on the search option all the relevant details would be displayed on the screen.
Step 1: Visit the official GST portal and select the search taxpayer option
Step 2: You will see the GSTIN/UIN option, enter your GSTIN ID and fill in the exact captcha code and then click on the search command. Captcha Code will appear only when you enter your GSTIN ID
Once all of the information is submitted, the page will display all of the relevant information about the company, including the legal name, jurisdiction, date of registration, GSTIN/UIN status, and data from all recent GST returns filed under various sub-headings.
Here is a step by step guide on how to download the GST returns online:
Step 1: Enter your login details and click on ‘Login’
Step 2: Click on ‘File GST Returns’
Step 3: Select year and month, then click on ‘Search’
Step 4: Click on ‘View GSTR 1’
Step 5: Next click on ‘Preview’
Step 6: Save in folder and right-click to show in folder.
If GST returns are not filed within the specified time limits, you will be liable to pay interest and a late fee.
Interest is charged at 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing to the date of payment.
Late fees are charged at Rs.100 per day per Act. Hence, it will be Rs.100 under CGST and Rs.100 under SGST. The total will be Rs.200 per day, subject to a maximum of Rs.5,000.
GSTIN means GST identification number assigned to every person registered under GST.
GSTIN is a 15-digit number assigned to every taxpayer registered under GST.
Where the location of the supplier and place of supply of goods or services are in the same state/union territory, it is treated as intra state supply of goods or services.
Where the location of the supplier and place of supply of goods or services are in two different states or two different union territories or a state and union territory, it is treated as inter-state supply of goods or services.
Exempt supply means supply of any goods or services or both which attracts nil rate of tax or which may be exempt from tax and includes non-taxable supply.
Taxable event under GST is supply of goods or services or both. CGST and SGST/UTGST will be levied on intra state supplies. IGST will be levied on inter- state supplies.
Reverse charge means liability to pay taxes is on the recipient of goods or services instead of supplier of goods or services in notified transactions.
If the receipt of supply is from an unregistered person, then the registered person who is receiving goods or services is liable to pay tax under reverse charge.
No, a person without GST registration can neither claim ITC nor collect GST from his customers.
Any registered person who fails to furnish the returns within the due dates shall be liable to pay a penalty of Rs 100 per day subject to a maximum of Rs 5000.
All taxpayers filing return in GSTR 1 to GSTR 3 are required to file an annual return. However, the following persons are not required to file annual return
Annual return needs to be filed by the 31st December of next financial year.
Payment should be made on or before 20th of every month.
Electronic cash ledger means a summary of all the deposits or payments made by a taxpayer. It is maintained on GST portal.
Manual or physical challans are not allowed under GST regime. It is mandatory to pay the challan online.