File monthly/quarterly and one annual return
Avail GST Input Tax Credit
GSTR 1 Filing sales records by seller
GSTR 1A Rectification of mismatch in sales figures
GSTR 2 Filing purchase records by buyer
GSTR 2A Rectification of mismatch in purchase figures
GSTR 3 Final monthly net tax liability
GSTR 4 Filing quarterly return under composite scheme
GST Return Filing
All businesses registered under GST are mandatorily required to file periodical return based on turnover & type of registration.
Online GST Return can be filed through Goods & Services Tax Network portal which facilitates & auto populates many items in return form.
Return under GST ensures all details of purchase & sales of a registered business is not missed by the department.
Even, if transaction is exempt from GST or entered with a unregistered party, its need to be reported.
In case the due date to file GST return is missed, interest, late fee & penalty is the consequence.
Advantages & Benefits of GST Return Filing
Claim Input Tax Credit
Avoid late fee and penalty
|CATEGORY||GST RETURN TYPE||FREQUENCY||DUE DATE||DESCRIPTION|
|Regular Tax Payer||Form GSTR-1||Monthly||10th of succeeding month||Details of outward supplies of taxable goods and/or services effected|
|Form GSTR-2A||Monthly||On 11th of succeeding Month||Auto-populated details of inward supplies made available to the recipient on the basis of Form GSTR-1 furnished by the supplier|
|Form GSTR-2||Monthly||15th of succeeding month||Details of inward supplies of taxable goods and/or services for claiming input tax credit. Addition (Claims) or modification in Form GSTR-2A should be submitted in Form GSTR-2.|
|Form GSTR-1A||Monthly||17th of succeeding month||Details of outward supplies as added, corrected or deleted by the recipient in Form GSTR-2 will be made available to supplier|
|Form GSTR-3||Monthly||20th of succeeding month||Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax|
|Form GST MIS-1||Monthly||—||Communication of acceptance, discrepancy or duplication of input tax credit claim|
|Form GSTR-3A||—||15 Days from Default||Notice to a registered taxable person who fails to furnish returns|
|Form GSTR-9||Annually||31st Dec of next fiscal||Annual Return – furnish the details of ITC availed and GST paid which includes local, interstate and import/exports|
|Composite Tax Payer||Form GSTR-4A||Quarterly||—||Details of inward supplies made available to the recipient registered under composition scheme on the basis of Form GSTR-1 furnished by the supplier|
|Form GSTR-4||Quarterly||18th of succeeding month||Furnish all outward supply of goods and services. This includes auto-populated details from Form GSTR-4A, tax payable and payment of tax|
|Form GSTR-9A||Annual||31st Dec of next fiscal||Furnish the consolidated details of quarterly returns filed along with tax payment details.|
|Foreign Non-Resident Taxpayer||Form GSTR-5||Monthly||20th of succeeding month or within 7 days after the expiry of registration||Furnish details of imports, outward supplies, ITC availed, tax paid, and closing stock|
|Persons providing online information and database access or retrieval services||Form GSTR-5A||Monthly||20th of succeeding month||Details of outward supplies of online information and database access or retrieval services by a person located outside India made to non-taxable persons in India|
|Input Service Distributor||Form GSTR-6A||Monthly||0n 11th of succeeding month||Details of inward supplies made available to the ISD recipient on the basis of Form GSTR-1 furnished by the supplier|
|Form GSTR-6||Monthly||13th of succeeding month||Furnish the details of input credit distributed|
|Tax Deductor||Form GSTR-7||Monthly||10th of succeeding month||Furnish the details of TDS deducted|
|Form GSTR-7A||Monthly||TDS certificate to be made available for download||TDS Certificate – capture details of value on which TDS is deducted and deposit on TDS deducted into appropriate Govt.|
|E-commerce||Form GSTR-8||Monthly||10th of succeeding month||Details of supplies effected through e-commerce operator and the amount of tax collected on supplies|
|Form GSTR-9B||Annually||31th Dec of next fiscal||Annual statemen containing the details of outward supplies of goods or services or both effected through an e-commerce operator, including the supplies of goods or services or both returned and the amount collected under|
|Aggregate Turnover Exceeds INR 2 Crores||Form GSTR-9C||Annually||Annual, 31st Dec of next fiscal||Reconciliation Statement – audited annual accounts and a reconciliation statement, duly certified.|
|“Final Return (for taxable persons whose registration has been surrendered or cancelled)”||Form GSTR-10||Monthly||Within 3 months from the date of cancellation of registration or date of cancellation Order, whichever is later||Furnish details of inputs and capital goods held, tax paid and payable.|
|Specialised agency of the United Nations Organisation or any multilateral Financial Institution and notified United Nations Bodies, Consulate or Embassy of foreign countries||Form GSTR-11||Monthly||28th of succeeding month||Details of inward supplies to be furnished by a person having UIN|
Late Fee in GST
- GST Return forms are mandatorily required to be filed on or before prescribed due date even if there is nil transaction.
- Failure to file return on due date attracts late fee which is upto a maximum of Rs. 5,000/- per return for a period.
- As per latest notification of GST council, late fee for normal return is Rs. 50/- per day of delay (Rs. 25/- for CGST & Rs. 25/- for SGST)
- And, in case of NIL return, late fee is Rs. 20/- per day of delay (Rs. 10/- for CGST & Rs. 10/- for SGST)
- There is no late fee for IGST.
Interest in GST
- Interest under GST act is required to be paid if tax is not deposited before due or output liability is reduced in excess or input credit is excessively claimed.
- For, deposit of GST after due date rate of interest liability is 18% per annum.
- And, for excess input credit claimed or reduction of excess output, rate of interest is 24% per annum.
- Interest is calculated from due date of payment till actual date of payment.
How It Works
Package & Pricing
Private Limited Company
- MOA & AOA
- PAN & TAN
- DSC – 2
- DIN – 2
- SHARE CERTIFICATES
- FIRST BOARD RESOLUTION
GST , MSME & TM
- GST Invoice Format
- GST e-way bill Registration
- Free GST Consultancy
- MSME Registration
Startup Annual Compliance
- Financial Statement
- Audit Report
- GST Return
- ROC Annual Return
- ITR for 2 Promoters
- *Package subject to Turnover
ITR for small business
- Financial Statement
- Refund Tracking Status
- House Property Income Covered
- Capita Gain Income Covered
- Interest Income Covered
- *Package subject to Turnover