GST Return Filing

In India, Every Organizations registered under GST must file their GST returns with a frequency that aligns with their business operations - monthly, quarterly, or yearly. This requirement might seem daunting, but with the online assistance of GST professionals from Tax Parivaar, navigating through the necessary processes can be straightforward. Taxpayers must adhere to the designated deadlines for their GST submissions, as these returns are crucial for the Indian government to ascertain the nation's tax obligations.

GST Return	Type of Taxpayer	Due Date
GSTR-1	Regular Taxpayer	Monthly: 11th of the following month Quarterly: 13th of the month following the quarter
GSTR-2A (Auto-generated)	All Taxpayers	Auto-generated, utilized for reconciliation purposes
GSTR-3B	Regular Taxpayer	Monthly: 20th of the following month
GSTR-4	Composition Scheme Dealer	Annually: 30th of April following the end of the financial year
GSTR-5	Non-Resident Foreign Taxpayer	20th of the following month
GSTR-6	Input Service Distributor	13th of the following month
GSTR-7	Tax Deducted at Source (TDS)	10th of the following month
GSTR-8	E-commerce Operator	10th of the following month
GSTR-9	Regular Taxpayer (Annual)	31st December of the following financial year
GSTR-9C	Regular Taxpayer (Annual)	Filed along with GSTR-9, by 31st December of the following financial year

Advantage

Dedicated GST Advisor
Reminder to file GST returns
Standard accounting and cloud records
GST returns by LEDGERS
Monthly GST Status reports

Penalty for Late Filing GST Returns

If you submit GST returns late, you could face penalties and interest charges. Businesses should submit on time to avoid these costs. Here's what you need to know about late GST returns:

Filing Returns is Required: Every registered taxpayer has to file GST returns regularly, even if there's no business activity.
Delays Lead to More Delays: If you miss a filing deadline, you can't file for the next period until you've filed for the previous one. This can lead to a pile-up of late returns.
Penalties for Late Filing: If you file GSTR-1 late, for example, you'll get a penalty that shows up when you file GSTR-3B.
Interest on Late Tax Payments: If you owe taxes and pay late, you'll be charged 18% interest per year on the amount you owe, starting from the day after the due date until you pay
Late Filing Fees: The law sets the late filing fee at Rs. 100 per day for each CGST and SGST, with a maximum of Rs. 5,000.
Annual Return Late Fees: For yearly returns like GSTR-9 and GSTR-9C, the late fee is capped at 0.25% of your turnover in your state or UT unless the government provides relief or changes the fees.

Documents

Purchase Invoice
Sales Invoices
Credit Note
Debit Note
Bank Statement
Accounting Data
Amended Invoices

Steps involved

Step One

Documentation

Step Two

Data processing and Tax Analysis

Step Three

Tax Payment

Step Four

Return Upload

Step Five

Signing of Return

Step Six

Acknowledgement

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