Asktrix

GST Return Filing Guide (Types, Eligibility, and Compliance)

This comprehensive guide covers all aspects of GST return filing, including types of returns, eligibility criteria, compliance requirements, and step-by-step filing process to simplify your GST compliance experience.

Governing Act and Rules

GST return filing is governed by the following acts and rules:

  • Central Goods and Services Tax (CGST) Act, 2017: Governs CGST levy and collection
  • Integrated Goods and Services Tax (IGST) Act, 2017: Governs IGST levy and collection
  • State Goods and Services Tax (SGST) Act, 2017: Governs SGST levy and collection
  • GST Rules, 2017: Detailed procedures for return filing and compliance

Types of GST Returns

Return Type Who Should File Frequency Purpose
GSTR-1 Regular taxpayers Monthly/Quarterly Outward supplies
GSTR-2A/2B Auto-populated Monthly Inward supplies
GSTR-3B Regular taxpayers Monthly/Quarterly Summary of outward supplies, ITC, and tax liability
GSTR-4 Composition dealers Annually Summary of outward supplies
GSTR-5 Non-resident foreign taxpayers Monthly Outward supplies and tax liability
GSTR-6 Input Service Distributors Monthly ITC distribution
GSTR-7 TDS deductors Monthly TDS details
GSTR-8 E-commerce operators Monthly TCS details
GSTR-9 Regular taxpayers Annually Annual return
GSTR-10 Taxpayers whose registration is cancelled One-time Final return
GSTR-11 UIN holders Monthly Inward supplies

Who Should Mandatorily File GST Returns?

  • Regular Taxpayers: Businesses with turnover exceeding ₹40 lakh (₹20 lakh for special category states)
  • Composition Scheme Holders: Businesses opting for composition scheme
  • Casual Taxable Persons: Persons making occasional taxable supplies
  • Non-resident Foreign Taxpayers: Foreign entities making taxable supplies in India
  • Input Service Distributors: Entities distributing ITC to branches
  • TDS/TCS Deductors: Entities required to deduct/collect tax at source
  • E-commerce Operators: Online platforms facilitating supplies

Who Is Exempt from GST Filing?

  • Small Businesses: Businesses with annual turnover below ₹20 lakh (₹10 lakh for special category states)
  • Agriculturalists: Farmers engaged in agricultural activities
  • Exempt Supplies: Businesses dealing only in exempt goods/services
  • Non-taxable Supplies: Businesses dealing only in non-taxable supplies

Step-by-Step Filing Process for GST Returns

Our streamlined process ensures quick and hassle-free GST return filing:

1

Log in to the GST Portal

Access the official GST portal (www.gst.gov.in) using your GSTIN and password. Ensure you have valid credentials and updated contact information.

2

Select the Appropriate Return Type

Choose the correct return form based on your business type and filing frequency. Common returns include GSTR-1, GSTR-3B, GSTR-4, etc.

3

Enter Required Details

Fill in all mandatory fields including sales details, purchase information, tax calculations, and input tax credit claims. Ensure accuracy in all entries.

4

Review Auto-Populated Information

Verify auto-populated data from GSTR-2A/2B against your purchase records. Reconcile any discrepancies and make necessary corrections.

5

Payment of GST Liability

Calculate and pay any outstanding GST liability using available payment methods. Ensure sufficient balance in electronic cash ledger.

6

File and Submit

Review all information one final time, generate the return summary, and submit the return. Download the acknowledgment for your records.

Due Dates for GST Return Filing

Return Type Due Date Frequency
GSTR-1 11th of next month Monthly
GSTR-3B 20th of next month Monthly
GSTR-4 18th of month succeeding quarter Quarterly
GSTR-5 20th of next month Monthly
GSTR-6 13th of next month Monthly
GSTR-7 10th of next month Monthly
GSTR-8 10th of next month Monthly
GSTR-9 31st December of next financial year Annually
GSTR-10 Within 3 months of cancellation One-time

Penalties for Non-Compliance

  • Late Fees: ₹200 per day (₹100 for CGST + ₹100 for SGST) with maximum penalty of ₹5,000 per return
  • Interest: 18% per annum on outstanding tax amount from due date to payment date
  • Legal Actions: Prosecution proceedings for willful non-compliance or tax evasion
  • Registration Cancellation: GST registration may be cancelled for persistent non-compliance
  • Input Tax Credit Blocking: ITC may be blocked for non-filing of returns

Benefits of GST Return Filing with Asktrix

  • Easy-to-Use Platform: User-friendly interface for seamless return filing
  • Timely Reminders: Automated alerts for due dates and compliance requirements
  • Detailed ITC Calculations: Accurate input tax credit calculations and reconciliation
  • Expert Support: Professional guidance from GST experts throughout the process
  • Error Prevention: Built-in validation to minimize filing errors
  • Document Management: Secure storage and management of all GST-related documents
  • Compliance Tracking: Real-time tracking of filing status and compliance history
FAQ

Frequently Asked Questions

Find answers to common questions about GST return filing, types, eligibility, compliance, penalties, and benefits.

What is GSTR-3B?

GSTR-3B is a monthly summary return that contains details of outward supplies, input tax credit claimed, and tax liability. It's filed by regular taxpayers on a monthly basis.

Who must file GSTR-1?

All regular taxpayers registered under GST must file GSTR-1, which contains details of outward supplies made during the tax period.

Can GST returns be revised once filed?

No, GST returns cannot be revised once filed. However, errors can be corrected in subsequent returns or through amendment procedures.

Is GSTR-4 mandatory for composition taxpayers?

Yes, GSTR-4 is mandatory for taxpayers registered under the composition scheme. It's filed quarterly and contains summary details of supplies.

What if my turnover is below ₹20 lakh?

If your turnover is below ₹20 lakh (₹10 lakh for special category states), GST registration is optional. However, voluntary registration provides benefits like input tax credit.

How can I claim ITC under GST?

ITC can be claimed in GSTR-3B based on invoices uploaded by suppliers in GSTR-1. The credit is auto-populated from GSTR-2A/2B.

What is the penalty for late filing of GSTR-1?

Late filing of GSTR-1 attracts a penalty of ₹200 per day (₹100 for CGST + ₹100 for SGST) with a maximum penalty of ₹5,000 per return.

Is GSTIN mandatory for all businesses?

GSTIN is mandatory for businesses with turnover above ₹20 lakh (₹10 lakh for special category states). Below this threshold, registration is optional.

What is the process to cancel GST registration?

GST registration can be cancelled by filing Form GST REG-16. The process involves filing final returns and clearing all dues before cancellation.

What are GSTR 2A and GSTR 2B?

GSTR-2A is auto-populated from supplier returns, while GSTR-2B is a static return with ITC details. Both help in reconciling input tax credit.

Who files GSTR-5?

GSTR-5 is filed by non-resident foreign taxpayers who make taxable supplies in India but don't have a fixed place of business.

Do I need to file nil returns under GST?

Yes, even if you have no business activity during a tax period, you must file nil returns to maintain compliance and avoid penalties.

How often do I need to pay GST?

GST payment is due monthly along with return filing. The due date for payment is the same as the return filing due date.

Is professional help necessary for GST filing?

While not mandatory, professional help ensures accurate filing, compliance, and helps avoid penalties. Asktrix provides expert assistance for all GST needs.

Can ITC be claimed for all purchases?

ITC can be claimed only for business-related purchases. Personal expenses, exempt supplies, and blocked credits are not eligible for ITC.

How does GSTR-7 apply?

GSTR-7 is filed by entities required to deduct TDS under GST. It contains details of TDS deducted and deposited during the tax period.

What is the due date for GSTR-8?

GSTR-8 is due on the 10th of the month following the tax period. It's filed by e-commerce operators for TCS details.

Can errors in GST returns be corrected?

Errors can be corrected in subsequent returns or through amendment procedures. Major errors may require filing of revised returns in certain cases.

What are the benefits of timely GST filing?

Timely filing ensures compliance, avoids penalties, maintains good standing, enables ITC claims, and prevents registration cancellation.

How does Asktrix assist in GST filing?

Asktrix provides complete GST compliance services including registration, monthly return filing, reconciliation, annual return preparation, and expert guidance throughout the process.

Ensuring smooth GST compliance with Asktrix provides not only legal adherence but also ongoing support for business growth and success. Our comprehensive approach ensures your business meets all GST requirements efficiently and accurately.

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