GST return filing is completely an online process in India.GST filing is a quick and simple process. To ensure that the GST credit can move on to the next phase, returns must be submitted accurately and without mistakes. To begin, all you need are your login credentials for the GST website. Once your GST registration has been completed, filing your GST return is required. Heavy fines are imposed for failure to file the same.

All GST-registered individuals are obliged to file a number of returns. The two most important returns to file are GSTR-3B (a monthly summary) and GSTR 1.

Every month by the 20th, GSTR 3B must be filed. However, the government has recently launched the QRMP Scheme, under which you can pay your GST on a monthly basis and submit your GSTR 3B quarterly provided your business’s previous year’s revenue was up to 5 crores.

Suggested read:A program for small taxpayers called QRMP—Quarterly Return Filing and Monthly Tax Payment—are available.

Finally, on or before December 31st, all GST registered firms are required to file an annual GST return, GSTR 9.

If you chose the composition scheme, GSTR 4 must be filed. Even if the registered entity hasn’t conducted any business for any period, it must nevertheless file GST returns.

In addition, a GSTR 9C, or GST Annual Audit, must be filed annually. It is a reconciliation statement, and a licensed Chartered Accountant must certify it.

GSTR 1 Filing

Tax return for made outside purchases The late fee will be automatically generated and collected in the following open return in Form GSTR-3B if Form GSTR-1 is filed after the due date.

GSTR1A

An amendment form is utilized to fix any discrepancies between a taxpayer’s GSTR-1 and the GSTR-2 of his or her clients on the GSTR-1 document. Between the 15th and the 17th of the next month, you can file this.

GSTR2

Return for incoming supplies received each month (contains taxpayer info, period of return and final invoice-level purchase information related to the tax period, listed separately for goods and services).

GSTR2A

Based on the data in the GSTR-1 of the taxpayer’s suppliers, the GSTN immediately creates an auto-drafted tax return for any purchases and inward supplies made by the taxpayer.

GSTR2B

For taxpayers, GSTR 2B serves as an automatic statement of Input Tax Credits (ITC). According to the GST Council, GSTR 2B will reduce the amount of time required to file returns, reduce errors, make reconciliation easier, and streamline compliance.

GSTR3

Consolidated monthly tax return (includes the taxpayer’s name, GSTIN, and other basic information), the period to which the return relates, turnover information, final aggregate-level inward and outward supply information, tax liability under CGST, SGST, IGST, and additional tax (+1% tax), information about your ITC, cash, and liability ledgers, and information about other payments like interest, penalties, and fees.

GSTR3A

The tax authorities issue a tax notice to a defaulter who has not timely filed their monthly GST filings.

GSTR 3B

The Government of India has created a temporary consolidated summary return of inward and outbound supply as a relief for companies that have just switched to GST. As a result, for the months of July and August 2017, the tax payments will be based on the GSTR-3B, a straightforward return.

GSTR4

Return for compounding vendors every quarter (It includes the entire amount of supplies produced during the reporting period, details of tax paid at the compounding rate (not more than 1% of total turnover), and invoice-level information for inward supplies, including whether they are imports or bought from regular taxpayers.)

GSTR4A

Quarterly tax report for purchases made by composition dealers. Based on the data provided in the GSTR-1, GSTR-5, and GSTR-7 of your suppliers, the GSTN portal automatically generates it.

GSTR5

Variable return for non-resident foreign taxpayers (It contains the taxpayer’s information, the return period, and invoice information for all products and services the taxpayer sold and purchased on Indian land during the registered period/month, including imports).

GSTR6

The opening ITC balance for the period, credit for ITC services received, debit for ITC reversed or distributed, and closing balance are all included in the monthly return for ISDs. It also contains details about the period to which the return relates invoice-level supply details from the GSTR-1 of counterparties, and invoice details, including the GSTIN of the taxpayer receiving the credit.

GSTR7

Monthly TDS return (This return includes the taxpayer’s name, GSTIN, and other basic information), the period for which the return is relevant, the GSTIN of the supplier, the invoices from which the tax has been subtracted (grouped under the three main tax heads: SGST, CGST, and IGST), and information on any additional payments made, such as interest and penalties.

GSTR8

Monthly return for e-commerce operators (It contains the taxpayer’s basic information, such as name and GSTIN, the period to which the return relates, details of supplies made to customers through the e-commerce portal by both registered taxable persons and unregistered persons, basic information about customers, including whether or not they are registered taxpayers, and the amount of tax collected at source, tax payable, and tax paid).

GSTR 9 Filing

All GST-registered taxpayers are expected to submit their yearly returns in a specific format. The GSTR 9 is the name of that form. The GSTR 9 filing deadline is on December 31st of each year. It is a compilation of all the quarterly and monthly returns submitted throughout that year.

GSTR 9A Filing

The yearly return GSTR 9A is required of dealers who have chosen the composition plan. It contains all the data provided in the quarterly returns submitted by the composition taxpayers during the course of that fiscal year. It must be submitted annually by December 31st at the latest.

GSTR9B

Operators of e-commerce who collect tax at the source are required to complete an annual return form.

GSTR 9C

Every taxpayer who is required to have their yearly reports audited must submit an audit form when their combined revenue reaches Rs. 2 crores in a fiscal year. The GSTR-9C must be submitted no later than December 31st of the following year.

GSTR10

Final GST returns must be filed before GST registration is cancelled (This final return must be made when permanently ceasing business operations/cancelling GST registration). It will detail all purchases, liabilities, taxes paid and collected, and other information.

GSTR11

Taxpayers with UINs and variable returns (It contains the details of purchases made by foreign embassies and diplomatic missions for self-consumption during a particular month).

Fill a Simple Checklist

A Compliance Manager will contact you to remind you of your GST filing deadline and to request your paperwork in addition to a brief checklist. This checklist must be completed and submitted with your supporting documents for processing.

Return Preparation

Our knowledgeable team will check all paperwork before starting the tax return process. Your committed Compliance Manager will keep you informed of the status of the GST Return filing procedure at all times.