File Your GST Return
GST return registration involves enrolling under GST, filing periodic returns, reporting sales, purchases, tax collected, and claiming input tax credit.
- Free Expert Guidance
- Easy EMI options available
- Complete Online Process
- Free Expert Assistance for Lifetime
File Your GST Return Today
Today's Offer
GST Return Filling Overview
GST return filing is the process of submitting tax details under the Goods and Services Tax (GST) regime. Registered taxpayers must periodically file returns online via the GST portal, detailing their sales, purchases, output GST (tax collected on sales), and input tax credit (tax paid on purchases). Common returns include GSTR-1 (outward supplies), GSTR-3B (summary return), and GSTR-9 (annual return). Filing on time ensures compliance and avoids penalties. Late filing attracts a fee and interest. Businesses use input-output data to calculate tax liability. Proper documentation and timely filing are crucial for availing input tax credit and maintaining compliance.
Who should file GST Returns?
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.
Tenure of Filing GST 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.
What is GSTR-1 Return?
GSTR-1 return will include details of the outward supplies or sales of goods and 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.
What is GSTR-2 Return?
GSTR-2 return will include details of the inward supplies or purchases of goods and 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-3B 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 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.
GST - Return Fees
- Number of Invoice
- NIL/ Upto 10 Invoices
- 10-25 Invoices
- 25-50 Invoices
- Above 50 Invoices
- Fees
- ₹ 500
- ₹ 750
- ₹ 1,000
FAQ ON GST RETURN FILLING REGISTRATION
A GST return is a document containing details of sales, purchases, tax collected, and tax paid, filed by GST-registered taxpayers.
All registered businesses, including regular taxpayers, composition dealers, and e-commerce operators, must file GST returns.
Common returns include GSTR-1 (sales), GSTR-3B (summary), GSTR-9 (annual), and GSTR-4 (composition scheme).
GSTR-1 is due monthly or quarterly, while GSTR-3B is filed monthly. Dates may vary based on turnover or scheme.
Late filing incurs a penalty of ₹50/day (₹20 for NIL returns) and interest on unpaid tax.
No, GST returns cannot be revised. Errors can be rectified in subsequent returns.
GST returns can be filed online via the GST portal or through GST-compliant accounting software.
