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GST Return

GST return filing process

What is GST Return?

Each person registered below the GST Act has to periodically furnish the details of sales and purchases together with tax amassed and paid thereon, respectively, with the aid of filing online returns. before filing the go back, payment of tax due is obligatory otherwise such return will be invalid.

  • GST registration online is recommended even if turnover is less than 20 lacs because without GST registration you:
  • Cannot claim GST paid on purchase of Goods or Services used for business purposes
  • Cannot perform inter-state sale of goods or services.
  • GST registration online can be taken in just 3-4 working days through from anywhere in India.

Types of returns under GST

There are multiple returns below the GST regime. The most not unusual used return might be GSTR 1, 2, 3, four & 9. GSTR 1, GSTR 2 & GSTR 3 may be submitted with the aid of all agencies on a month-to-month basis together with GSTR 9 on an annual basis. GSTR 4 is submitted through composition taxpayers on a quarterly basis.

Frequently Asked Questions?

GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods and services.
Every registered taxable person, other than an input service distributor/ composition taxpayer/persons liable to deduct tax u/s 51 / persons liable to collect tax u/s 52 is required to file GSTR-1, the details of outward supplies of goods and/or services during a tax period, electronically on the GST Portal.

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.

You can opt for Quarterly filing of GSTR-1 return under following condition: If your turnover during the preceding financial year was upto Rs. 1.5 Crore; or if you are registered during the current financial year and expect your aggregate turnover during FY 2017-2018 to be upto Rs. 1.5 Crores

Facility to change frequency is available if you have not filed any return during the financial year according to the original frequency.

GSTR-1 needs to be filed even if there is no business activity (Nil Return) in the tax period.

If the return is not filed within the due date then the taxpayer is penalized with a late fee of Rs. 100 per day up to a maximum of Rs. 5000/-. Or any other fees prescribed by government time to time.

DSC is mandatory in case of all Public & Private Limited Companies, Limited Liability Partnerships (LLPs), and Foreign Limited Liability Partnerships (FLLPs).

No, the return forms are common for CGST, SGST, and IGST. A separate column is available for each of them in the same form and will be filled depending on Intra-state or Inter-state supply.

No, taxes due have to be paid before filing the return for that period otherwise the return will be invalid.

No, the GST return cannot be revised. Any changes in details can however be made in the amendment section of the Return Form of next period.

Yes. The return provides for the declaration of the details of all taxable Supplies effected through E-Commerce along with the GSTIN of the e-commerce portal in GSTR-1. However, this would be implemented once the relevant provisions of GST law are notified.

It should be reported in a consolidated manner in the nil rated and exempt supply section of the GSTR-1.

Taxpayers can upload invoice details any time during the tax period and not just at the time of filing of GSTR-1.

A normal taxpayer is required to discharge their return related liability at the time of filing of GSTR-3. The current due date for filing GSTR-3 is 20th of the succeeding month. (Presently GSTR 3B is being used for the purposes of monthly filing of returns.

a. Application Reference Number (ARN) gets generated on successful filing of GSTR-1.
b. An SMS and email is also sent to the taxpayer on the Mobile Number and E mail ID of his primary authorised signatory.

No, You cannot file GSTR-1 of August if July GSTR-3 is not filed. However, you can upload the invoices in GSTR-1

20th of the succeeding month, For example Due date for the month of January will be 20th February.