What is GST Return Filing?

GST Return Filing is a legal obligation for businesses registered under the Goods and Services Tax (GST) regime in India. It involves submitting detailed statements of sales, purchases, tax collected on sales (output tax), and tax paid on purchases (input tax credit) to the tax authorities. Filing GST returns accurately and on time ensures compliance, avoids penalties, and maintains a smooth business operation.

Why is GST Return Filing Important?

Legal Compliance: Filing GST returns is mandatory for all GST-registered businesses.
Avoid Penalties: Late or incorrect filings can result in heavy fines and interest charges.
Claim Input Tax Credit (ITC): Only filed returns allow businesses to claim ITC on purchases.
Build Business Credibility: Timely GST return filing enhances your business’s credibility with clients and suppliers.

Who Needs to File GST Returns?

Businesses with an annual turnover exceeding the GST threshold.
Individuals and businesses registered under GST.
E-commerce operators.
Non-resident taxable persons conducting business in India.
Taxpayers under the Composition Scheme.

Types of GST Returns

GST Return Filing includes various forms tailored for different business types:

GSTR-1: Outward supplies of goods and services.
GSTR-2A & GSTR-2B: Auto-generated returns showing inward supplies.
GSTR-3B: Monthly summary of sales and purchases.
GSTR-4: For Composition Scheme taxpayers.
GSTR-5 & GSTR-5A: For non-resident taxpayers and OIDAR service providers.
GSTR-6: Input Service Distributors.
GSTR-7: TDS deductions.
GSTR-8: E-commerce operators.
GSTR-9 & GSTR-9C: Annual returns.
CMP-08: Quarterly return for Composition Scheme taxpayers.
ITC-04: Job work details.

Documents Required for GST Return Filing

Owner’s PAN card
Owner’s Aadhaar card
Owner’s photograph
Proof of address
Bank account details
Customers GSTIN
Type of Invoice
Place of Supply
Invoice Number
Invoice Date
Taxable Value
GST Rate
Amount of IGST applicable
Amount of CGST applicable
Amount of SGST applicable
Amount of GST cess applicable
If GST Reverse Charge is applicable

GST Return Filing Deadlines

GST Return	Due Date
GSTR-1	11th of the following month (Monthly) / 13th (Quarterly)
GSTR-3B	20th of the following month
GSTR-4	30th April (Annually)
GSTR-5/5A	20th of the following month
GSTR-6	13th of the following month
GSTR-7/8	10th of the following month
GSTR-9/9C	31st December of the following year
CMP-08	18th of the month following the quarter

Penalties for Late GST Return Filing

Late Fee: ₹100 per day for both CGST and SGST (₹200 total), capped at ₹5,000.
Interest: 18% per annum on outstanding tax.
Blocked Filings: Delayed returns can block future filings, leading to compliance issues.

How Tax Consultant Noida Simplifies GST Return Filing

Tax Consultant Noida makes GST Return Filing hassle-free with professional expertise and reliable services.

Our Key Services:

Dedicated GST Advisor: Personalized support throughout the filing process.
Automated GST Software: Error-free GST invoicing, tax computation, and return filing.
Input Tax Credit Reconciliation: Accurate ITC matching with GSTR-2A & 2B.
Real-Time Financial Access: Cloud accounting with real-time data.
E-Way Bill Generation: Simplified logistics compliance.
Timely Reminders: Never miss a GST filing deadline.
Monthly GST Status Reports: Detailed insights on your GST filings.

Steps to File GST Returns with Tax Consultant Noida

Consultation: Discuss your GST needs with our experts.
Document Collection: Share necessary documents and invoices.
Data Processing: We prepare accurate GST returns.
Review & Approval: Verify and approve returns before submission.
Return Filing: We file your returns on time.
Post-Filing Support: Get assistance on any GST queries.

Benefits of Choosing Tax Consultant Noida

Expert GST Advisors.
Seamless and error-free GST Return Filing.
Real-time data access.
Cost-effective and reliable services.
Full compliance with GST laws.

FAQs for GST Return Filing

What is GST Return Filing?

GST Return Filing is the process of submitting details of sales, purchases, taxes collected, and taxes paid to the tax authorities under the GST regime.

Who needs to file GST Returns?

All businesses and individuals registered under GST, including e-commerce operators and those under the Composition Scheme, must file GST returns.

Can I claim Input Tax Credit (ITC) without filing GST returns?

No, ITC can only be claimed if you file your GST returns on time.