It is mandatory for every taxpayer registered under GST to file GST returns. It can be done in 3 simple steps with Vakilsearch.
We let you know when the GST Returns are due
We collect the necessary information and documents for Filing GST Returns
Our professionals will file your GST returns on time
The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. Every taxpayer registered under GST has to file GST returns. These returns are used to calculate the tax liability by the government. GST is an evolving system of taxation and the government keeps updating the rules and regulations around it. So, it is important to stay up-to-date to be able to file your returns correctly. Our GST return filing service helps taxpayers to get it done easily. Our professionals will take care of the filings so you don’t have to worry about keeping up with the due dates and staying GST compliant.
|GSTR1||Tax returns for outward supplies are made using this form.|
It contains the details of the interstate as well as intrastate B2B and B2C sales including purchases under reverse charge and inter-state stock transfers made during the tax period. If Form GSTR-1 is filed late, the late fee will be collected in the next open return in Form GSTR-3B. From 1 January 2022, taxpayers will not be permitted to file Form GSTR-1 if they have not filed Form GSTR-3B in the preceding month.
|GSTR1A||It is an amendment form used to correct the GSTR-1 document including any mismatches between the GSTR-1 of a taxpayer and the GSTR-2 of their customers. This can be filed between 15 and 17 of the following month.|
|GSTR2||Monthly GST return for the received inward supplies are filed using this form. It contains taxpayer info, period of return and final invoice-level purchase information related to the tax period listed separately for goods and services.|
|GSTR2A||An auto-generated tax return for purchases and inward supplies made by a taxpayer is automatically compiled by the GSTN based on the information present within the GSTR-1 of their suppliers.|
|GSTR2B||GSTR-2B is an auto-generated document that acts as an Input Tax Credit (ITC) statement for taxpayers. The GST Council states that GSTR-2B will help in cutting down the time taken to file returns, minimise errors, ease reconciliation and simplify compliance.|
|GSTR3||It is used to file consolidated monthly tax returns. It contains The taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, turnover details, final aggregate-level inward and outward supply details, tax liability under CGST, SGST, IGST, and additional tax (+1% tax), details about your ITC, cash, and liability ledgers, details of other payments such as interests, penalties, and fees.|
|GSTR3A||It is a tax notice issued by the tax authority to a defaulter who has failed to file monthly GST returns on time.|
|GSTR3B||Temporary consolidated summary GST returns of inward and outward supplies that the Government of India has introduced as relaxation for businesses that have recently registered to GST.|
|GSTR4||It is the quarterly GST returns filed by compounding vendors. This contains the total value of supply made during the period covered by the return, along with the details of the tax paid at the compounding rate (not more than 1% of aggregate turnover) for the period along with invoice details for inward supplies if they are either imports or purchased from normal taxpayers.|
|GSTR4A||It is the Quarterly purchase-related tax return filed by composition dealers. It’s automatically generated by the GSTN portal based on the information furnished in the GSTR-1, GSTR-5, and GSTR-7 of your suppliers.|
|GSTR5||Variable return for Non-resident foreign taxpayers (It contains the details of the taxpayer, period of return and invoice details of all goods and services sold and purchased. It also includes imports by the taxpayer on Indian soil for the registered period/month.|
|GSTR6||This is the monthly GST return for ISDs. It contains the details of the taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, invoice-level supply details from the GSTR-1 of counter-parties, invoice details, including the GSTIN of the taxpayer receiving the credit, separate ISD ledger containing the opening ITC balance for the period, credit for ITC services received, debit for ITC reversed or distributed, and closing balance|
|GSTR7||It is filed as a monthly return for TDS transactions. It contains the taxpayer’s basic information (name, GSTIN, etc), period to which the return pertains, supplier’s GSTIN, invoices against which the tax has been deducted. It is categorised under the major tax heads - SGST, CGST, and IGST. Details of any other payments such as interests and penalties are also included in the form.|
|GSTR8||It is the monthly return for e-commerce operators.|
It contains the taxpayer’s basic information (name, GSTIN, etc), the period to which the return pertains, details of supplies made to customers through the e-commerce portal by both registered taxable persons and unregistered persons, customers’ basic information (whether or not they are registered taxpayers), the amount of tax collected at source, tax payable, and tax paid).
|GSTR9||This is an annual consolidated tax return|
It contains the taxpayer’s income and expenditure in detail. These are then regrouped according to the monthly GST returns filed by the taxpayer.
|GSTR9A||It is an annual composition return form that has to be filed by every taxpayer who is enrolled in the composition scheme|
|GSTR9B||It is an annual return form that has to be filed by e-commerce operators who collect tax at the source|
|GSTR9C||This Audit form has to be filed by every taxpayer who is liable to get their annual reports audited when their aggregate turnover exceeds ₹2 crores in a financial year.|
|GSTR10||Filing GST returns before cancelling GST registration|
This final GST returns is to be filed when terminating business activities permanently/cancelling GST registration. It will contain the details of all supplies, liabilities, tax collected, tax payable.
|GSTR11||Variable tax return for taxpayers with UIN|
It contains the details of purchases made by foreign embassies and diplomatic missions for self-consumption during a particular month.
The government has been making strides towards innovation and automation and has instituted facilities for the online filing of returns under GST on the government’s GST portal, through the Goods and Service Tax Network (GSTN).
Vakilsearch is well-known for its user-friendly online platform with which you can avail of GST filing services from the comfort of your home. The dedicated representatives of Vakilsearch will be in constant touch with you right from the start. They will collect all the required documents and do the needful.
The status of the Filing GST return application depends upon the performance of the obligation, and the status available would make the taxpayer aware of their filing.. Basically there are four statuses and they are explained below.
There are three easy ways to track GST returns status online
When submitting the tax return, taxpayers are allotted a unique number called an ARN which helps in tracking the status of the tax return which is to be done every month. Steps to view the status through ARN are explained below:
On clicking on the search option, there would be a full display of the return application status which will be having all the relevant details.
Once all of the information is submitted, the page will display all of the relevant information about the company, including the legal name, jurisdiction, date of registration, GSTIN/UIN status, and data from all recent GST returns filed under various sub-headings.
Here is a step by step guide on how to download the GST returns online:
Earlier there were many instances where tax on tax was paid for a single transaction. As GST did away with several other taxes like central excise duty, service tax, customs duty, and state-level value-added tax, you no longer are subjected to paying tax on tax. This saves you money.
The threshold for GST is aggregate turnover exceeding 40 lakhs for sale of goods and aggregate turnover exceeding 20 lakhs for sale of services. This means small businesses falling below this threshold limit are not subject to GST Filing.
The GST system has made it easier for startups and e-commerce companies to manage their taxes. E-commerce particularly suffered from different tax laws across different states which are now eradicated by GST.
Before the GST tax return filing system was disorganised. Now, all taxes are paid online and major hassles that were a part of tax filing have been eliminated in the process of introducing GST.
It is crucial to complete the filing within the due date to file GST. This will help in avoiding late payment charges and interests. The due dates for filing GST returns can be extended as per the issuing order or through notifications. Vakilsearch has gathered a list of due dates to file GST for the financial year 2021- 2022 and 2022 - 2023.
Vakilsearch has a fleet of GST experts to support you in all spheres. We help more than 1000 companies with GST related compliances on an every month basis.
17 December 2022
1 December 2022
The 48 GST Council meeting will be held on Saturday, 17 December 2022, with a lengthy agenda
10 November 2022
GST Payment for Different Taxpayers
The GST payment process is largely the same for all taxpayers. Payment is not required if the electronic cash ledger has a sufficient cash balance. In other words, if the cash balance is insufficient, the taxpayer must utilise a challan to deposit money into the cash ledger using prescribed payment methods. The following is an overview of the payment process for various taxpayer types
Around the time of submitting GSTR-3B, they must use the PMT-06 challan to make any GST payments to the electronic cash ledger. The details will be published in GSTR-3B. They can also generate a challan and pay for it before or after logging in, or while completing GSTR-3B returns.
These are taxpayers who have chosen to participate in the GST QRMP scheme. They must deposit tax directly utilising the PMT-6 in the first two months of a quarter and make payment while filing GSTR-3B in the last month of the quarter.
Taxpayers Filing Nil GST Returns
For the relevant tax period, whether for the month or quarter, these taxpayers have no sales or purchases, and no tax is due. They don't have to use the challan or pay anything.
Composition Taxable Persons
These taxpayers must total up their sales/turnover information for the quarter in challan CMP-08 and pay the tax.
Steps for Online GST Payment
To make the GST payment post-login to the GST Portal once the challan is generated, perform the following steps:
Note: In case you don’t know the CPIN number, you can select the Search By Date option to search the CPIN number by the date on which it was generated.
Steps for Offline GST Payment
In the case of Over the Counter
Steps for GST Payment Through NEFT/RTGS
In the case of NEFT/ RTGS
Penalty On Late Payment Of GST
When you miss the due date for returns, a late fee of ₹50/day (₹25 each for CGST and SGST) is to be paid if you have a tax liability. If you don’t have tax liability the late fee is ₹20/day. ₹5000/- is the cap on the late fee. In case of delay in annual return filing (GSTR-9), the late fee is ₹200/day (₹100 each for CGST and SGST).
GST Return Filing Glossary
It is the tax collected by the central government on intra-state sales.
The tax collected by the state government on intra-state sales.
The tax collected by the central government for an inter-state sale.
Union Territory Goods and Services Tax - A part of GST which is levied by the Union Government.
Goods and Services Tax Identification Number/GST registration number is a unique 15-character identity number given to the businesses that register for GST.
GST Return (GSTR) is a document capturing the details of the income, which a taxpayer is supposed to file with the authorities to calculate his tax liability. There are a total of 11 types of GST returns.
Goods and Services Tax Network (GSTN) is a non-profit, public-private partnership company that provides IT infrastructure and services for the implementation of GST.
Input tax credit [ITC] is the credit a taxable person receives for paying input taxes towards inputs used for his business.
The GST invoice is issued by the person who is supplying goods and services. It includes the details of the sale and the seller’s GSTIN.
HSN code is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide. HSN stands for Harmonized System of Nomenclature.
SAC code is a code used to classify services under GST. Each service has a unique SAC code.
Aggregate turnover is the total value of all taxable supplies and it is used to determine the threshold for GST.
A taxable person is any individual engaged in economic activity in India and who is or is required to be registered under GST.
GST Compliance Rating
GST Compliance Rating is a score between [0 -10] assigned to all the taxpayers, that depicts their GST compliance.