GST Return Filling

A GST return represents a legally binding document on which a GST-registered taxpayer declares in details all his income, sales, purchases and expenses for a particular period. As per Section 39 of the CGST Act 2017, every taxable person needs to file a return for every tax period, be it monthly or quarterly. The main components of a GST return include:

  • Purchases
  • Sales
  • Output GST (on sales)
  • Input Tax Credit (GST charged on purchases)

New GST return filling system on the GST portal, tax authorities can use the data provided to calculate net tax liability of registered taxpayers. The recurrent GST returns submission is a glaring indicator of the business’s compliance with the GST law that lubricates its smooth operation.

At CompRegi, we have seen the value of on-time and correct filing of the GST returns. Our experts can help you deal with GST complexities and make sure your business meets the rules and does not get fines or other issues. The GST services we provide cover the whole tax compliance range, so you can devote your time to growing your business whilst we do the tax compliance stuff.

Documents required to file a GST return

Following documents are essential to carry on the process of GST return filing:

Documents issued during GST registration process

GSTIN of the company

Purchase invoice

Amount of CGST/SGST/IGST applicable

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Invoice number and date

Taxable value

GST Return Filling Cost

We at Compregi believe in complete transparency in the complete registration process of your company. Below mentioned cost structure includes all the necessary government fees required at multiple stages of registration.

FEATURES BASIC

Rs. 799/-
STARTUP

Rs. 4,999/-
PROFESSIONAL

Rs. 7,999/-
ENTERPRISE

Rs. 13,999/-
GST Return Filing 1 Month 6 Months 12 Months 24 Months
Business Accounting
Bookkeeping x
Amendment in Core/Non Core Field x
Business HSN Code x x
ITR Filing x x
Registered Office Address Change/Update x x x
Add/Removal of Partner or Director x x x
Legal consultancy x x x
CHOOSE PLAN CHOOSE PLAN CHOOSE PLAN CHOOSE PLAN

ADD/REMOVER OF PROPRIETOR/PARTNER/DIRECTOR

799/-
  • Free Consultancy
  • Free Search Check
  • Preview before Filing

GST RETURN FILLING

799/-
  • Free Consultancy
  • Free Search Check
  • Preview before Filing
  • 100% Peace of Mind

GST AMANDMENTS IN CORE AND NON-CORE FIELDS

799/-
  • Free Consultancy
  • Free Search Check
  • Preview before Filing

Types of GST return

These are numerous kinds of GST returns, each catering to particular needs and having specific reporting dates. Some of the main types of GST returns are:

GSTR-1: The filing of a return by registered suppliers, either monthly or quarterly, which is presented to report pertinent information about outward supplies of goods and services.

GSTR-2A: A read-only document that is auto-generated for the recipient, giving details of inward supplies for which they have received a GSTR-1 report from their suppliers.

GSTR-2B: This will result in the auto-generation of static tax credit for the recipient, having details of input credit available for the tax period, based on supplier filed GSTR-1.

GSTR-2: A VAT return of the recipient, including details of inward supplies and input tax claim. Currently suspended.

GSTR-3: A statement of account, which reflects the reconciliation of tax returns from GSTR-1 and GSTR-2. Currently suspended.

GSTR-3B: The monthly or quarterly self-declared summary return which has taken place of GSTR-3 which has been simplified.

GSTR-4: The annual returns submitted by composition taxpayers will be the GST.

GSTR-5: A document submitted by non-resident foreign taxpayers every month.

GSTR-5A: An OIDAR provider preparing a monthly return filed.

GSTR-6: ISDs will be required to make monthly returns to distribute input tax credits.

GSTR-7: TDS filers must submit monthly returns required of them to deduct tax under GST.

GSTR-8: The monthly compliance of the e-commerce operators who are subject to tax at source (TCS).

GSTR-9: As GST started to be introduced, the yearly filing by regular taxpayers became possible.

GSTR-9A: A composition taxpayers’ annual revenue filing. Currently suspended.

GSTR-9C: A reconciliation statement submitted along with the tax return by any person whose income exceeds Rs. 10 lakh per annum. 5 crores.

GSTR-10: This GST filing represents the last return submission by a taxpayer whose GST registration has been cancelled or relinquished.

GSTR-11: The e-return that shall be filed by the persons who have UIN (Unique Identification Number) to claim the refund of GST paid.

Who can file a GST return?

All businesses registered under GST are supposed to file GST returns, and it doesn’t matter whether the said businesses are small or big, whether they are old or new, or have high or low turnover. This includes:

Annual taxpayers (who have an annual turnover above Rs. 5 crores)

Small and medium taxpayers (whose annual turnover is up to Rs.1. 5 crores )

Non-resident taxpayers

Input Service Distributors (ISD)

E-commerce operators

Individuals subject to withholding of tax at source (TDS/TCS)

Procudure to file GST return

It is necessary to check whether your GST identification number of 15 digits is with you based on your state code and PAN before you begin the GST return filing. Register online to get this number if you do not have it. To know how to fill up GST return online, follow the steps:

  1. Visit the GST portal.
  2. Click the ‘Service’ button.
  3. Go to the ‘returns dashboard’ link, and in the drop-down menu, insert the financial year and the return filing period.
  4. Now, choose the return of the type you want to file and click on ‘preparing online’.
  5. Input amounts, including the fee if there is any late payment.
  6. After you have entered all the details mentioned, click on ‘save’ and you will see an affirmative message on your computer screen.
  7. After that, click ‘submit’ button to file the return at the bottom of the page.
  8. At this point, if you check the status of your return and it shows submitted, then scroll down and click on the ‘payment of tax’ tile.
  9. Next, tap on ‘view balance’ to check cash and credit amount. Ensure you have the necessary information before you pay into the various minor heads as tax.
  10. The next thing is to deduct your liabilities, which means you need to write the amount of credit you want to spend from the given credit.
  11. Click on ‘offset liability’ next to make the payment. When the confirmation is shown, the button ‘ok’ must be clicked.
  12. Moreover, tick the box labeled with the declaration and select a signatory from the drop-down list.
  13. Now you can choose ‘file form with DSC’ or ‘file form with EVC’ and click ‘proceed’. Pay the GST in the step that follows for every single one of your GSTs.

At CompRegi, our team of GST experts is available to help with documentation and document maintenance for your GST returns. We can promise you absolutely no hassle in GST compliance, from filing the returns to filing them on time.

What if GST returns are not filed within the specified time limits?

If GST returns are not submitted on time and the timeframe is exceeded, then the problems below may arise:

01
In case of late payment, a CGST and SGST fee of Rs 50 per day will be charged (at max Rs 10,000).
02
The liability will be charged at 18% interest per annum until the tax liability is paid off.
03
Input tax credit may not be available for that relevant tax period.
04
The act of GST registration may be cancelled if, for a continuous period of six months, returns are not filed.

Document required for GST return filing

To fill up GST returns online, the following documents are generally required:

  • List of Invoices (B2B, B2C)
  • Customer GSTIN
  • Type of Invoice
  • Invoice Number
  • Place of Supply
  • GST Rate
  • Taxable Value
  • The amount of CGST, SGST, IGST, and GST Cess is applicable.
  • Consolidated intra-state and inter-state sales.
  • HSN-wise summary details.
  • Summary of requisite documents (Debit and Credit Note)

Related services

Cancel GST Registration

Not falling under GST Rules cancel your Registration.

HSN Code

Add your HSN Code to your GST Registration Certificate and invoices.

GST Amendments in Core and Non-Core Fields

Amend legally with Compregi.