GST Return Filing

Ensuring Compliance and Accuracy in Your GST Returns

A GST return is an official document that every GST-registered taxpayer ( every GSTIN) must file with the tax administration authorities. It includes information on all income, sales, and/or costs, purchases. Tax authorities use this to determine the net tax liability.

GST Return Filing

All GST-registered organisations in India are required to file their GST returns on a monthly, quarterly, or annual basis, depending on how their business is run. Although this requirement may appear overwhelming, it can be easy to navigate through the required processes with the online help of GST professionals from Taxhint Advisors. The Indian government uses these to determine the country's tax responsibilities, thus taxpayers have to make sure they file their GST returns by the timeframes specified.
With Taxhint Advisors, you may easily maintain compliance while streamlining the filing of your GST returns. Take advantage of the ease with which you may view your business financials in real-time from any place with the LEDGERS GST platform. Additionally, LEDGERS seamlessly connects with the apps you currently use, guaranteeing a smooth workflow.

With Taxhint Advisors, file your GST returns right away to easily maintain your business's progress!

What is GST Return?

A GST Return is an elaborate document that documents every financial transaction made by an individual who is registered for GST, including both income and expenses. Every owner of a GSTIN is required to submit it to the tax authorities so that they can accurately calculate their net tax liability.

The filing of the GST return includes a number of essential components:

  • Purchases: It keeps a thorough record of all the things the taxpayer has bought.

  • Sales: It offers a thorough record of all sales activity made by the taxpayer.

  • Output GST: It notes the GST charged on the taxpayer's sales.

  • Input Tax Credit: The GST paid on purchases is listed on the input tax credit, which can be subtracted from the GST due on sales.

Taxhint Advisors provides GST software that is intended to simplify the process for individuals looking for advice on submitting GST returns or assistance with managing their GST compliance.

How many GST Returns are there?

13 returns under the Goods and Services Tax (GST) system address various aspects of a taxpayer's financial transactions. Recognising that not all taxpayers must file every kind of return is crucial. Depending on the taxpayer's category and the specifics of their GST registration, several types of returns must be filed.

A listing of the 13 GST returns may be seen below:

  • GSTR-1: filed to reveal information about external supply, mainly the sales.

  • GSTR-3B: a condensed return that lists all purchases and sales, including tax payments..

  • GSTR-4: Relevant to individuals covered by the Composition Scheme, providing an overview of turnover and associated taxes.

  • GSTR-5: for foreign taxpayers doing business in India that is subject to taxation.

  • GSTR-5A: for companies that offer database access or retrieval services and online information.

  • GSTR-6: Used by Input Service Providers to provide distribution details for input tax credits.

  • GSTR-7: for organisations mandated by GST to deduct TDS.

  • GSTR-8: to be submitted by online retailers who record sales through their network.

  • GSTR-9: a thorough yearly return that summarises each periodical filing made during the fiscal year.

  • GSTR-10: the final return following GST registration cancellation or surrender.

  • GSTR-11: requesting refunds for their purchases if they have a Unique Identity Number.

  • CMP-08: a quarterly tax due statement for taxpayers under the Composition Scheme.

  • ITC-04: for manufacturers to disclose information regarding products that are shipped to and received by job workers.

  • The Invoice Furnishing Facility (IFF) allows small taxpayers registered in the Quarterly Return Monthly Payment (QRMP) program to declare their business-to-business (B2B) sales for the first two months of each quarter. However, these taxpayers must use Form PMT-06 to remit taxes on a monthly basis.

GSTR-1 (Return for Outward Supplies):

Businesses must file the GSTR-1 form, which includes information on their out-of-country supply of goods and services. This includes all invoices and adjustment notes pertaining to sales for the specified tax period. GSTR-1 must be filed by all regular taxpayers under GST, including those who are deemed casual taxable persons.

GSTR-2A (Dynamic Read-Only Return)

For recipients or buyers of goods and services, GSTR-2A is a dynamic, read-only return that records information about all incoming supply from registered GST vendors within a tax period. The data in GSTR-2A is automatically completed based on supplier GSTR-1 reports and, for those participating in the QRMP program, information from the Invoice Furnishing Facility (IFF).

GSTR-2B (Static Read-Only Return)

GSTR-2B, a static read-only return that was first introduced in August 2020, offers standardised ITC data derived from GSTR-1 filings from the prior month. In addition to offering advice on the appropriate measures for each listed invoice, such as any reversals, ineligibility, or application of the reverse charge, it helps consumers match their ITC claims for each tax period.

GSTR-2 (Deferred Return)

GSTR-2 is an editable return designed to allow registered purchasers to report their inward supply of goods and services for a certain tax period. It was supposed to be automatically filled in from GSTR-2A, but since September 2017, filing has been suspended.

GSTR-3 (Deferred Return)

For normal taxpayers, the GSTR-3 suspended monthly summary return provided clear data on inbound and outgoing supplies, input tax credits, tax liabilities, and tax payments. Deferred since September 2017, it was automatically generated from GSTR-1 and GSTR-2 filings.

GSTR-3B (Consolidated Return)

For regular taxpayers, the monthly summary declaration GSTR-3B lists all of the outgoing supply, input tax credits, and tax obligations. It is essential to reconcile sales and ITC information with GSTR-1 and GSTR-2B records prior to filing GSTR-3B.

GSTR-4 (Return for Composition Scheme Taxpayers)

For those covered by the Composition Scheme, the annual return is GSTR-4, and it must be submitted by April 30 of the following fiscal year. The previous quarterly filings were superseded by GSTR-4, and taxpayers are now required to submit a simple challan via Form CMP-08 by the 18th of the following month.
Businesses with goods turnover up to Rs. 1.5 crores are eligible to pay tax at a preset rate on their sales under the Composition Scheme. An analogous benefit is available to service providers with up to Rs. 50 lakh in annual revenue.

GSTR-5 (Return for Non-Resident Foreign Taxpayers)

Non-resident foreign taxpayers conducting business in India are obliged to file GSTR-5, which provides information on their inward and outward transactions, adjustments, tax liabilities, and payments. Submissions must be made by the 20th of every month.

GSTR-5A (Return for OIDAR Service Providers)

Due on the 20th of each month, GSTR-5A is the monthly summary required of suppliers of online information and database access or retrieval services.

GSTR-6 (Return for Input Service Distributors)

By the 13th of every month, Input Service Distributors are required to submit a GSTR-6 form detailing the ITC that they have been awarded and received, along with comprehensive records pertaining to the credit distribution process.

GSTR-7 (TDS Return)

For an entity to deduct TDS under GST, entities must file GSTR-7 monthly, which must be completed by the 10th of the next month and documents TDS deducted, amounts owed and paid, and any TDS refunds.

GSTR-8 (Return for E-commerce Operators)

Under the GST, e-commerce businesses are required to report GSTR-8 monthly by the 10th of the next month, which documents the supplies made and the tax received at source.

GSTR-9 (Annual Return)

Each year, all GST-registered taxpayers are required to file GSTR-9, which summarises their inward and outbound supply information, taxes owed, and amounts paid. Due on December 31st of the year following the

Due Dates for various types of GST Returns


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

Penalty for Late Filing GST Returns

Penalties and interest costs may be incurred for late submission of GST returns. To prevent these expenses, businesses should submit on time. The following information pertains to late GST returns:

  • Return Filing Is Needed:

    GST returns must be filed on a regular basis by all registered taxpayers, even in the absence of any economic activity.

  • Delays Cause More Delays:

    You cannot file for the following period until you have filed for the preceding one if you miss the filing date. An accumulation of late returns may result from this.

  • Penalties for Late Filing:

    For example, you will incur a penalty while filing GSTR-3B if you file GSTR-1 after the deadline.

  • Interest on Late Tax Payments:

    From the day following the deadline until you make your payment, you will be assessed 18% interest on the amount you owe if you are in arrears on your taxes.

  • Late Filing Fees:

    The late filing cost for each CGST and SGST is fixed by law at Rs. 100 per day, up to 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.

GST Penalties
GST Advantages

Advantages of submitting your GST returns with Taxhint Advisors

Dedicated GST Advisor

The GST registration and filing process will be walked through by a relationship manager who has worked in the industry you are in. They will guarantee that your filing is completed on time and assist with specific chores like uploading invoices.

Reminder to file GST returns

Our system makes sure you receive timely notifications far in advance of the cutoff point, beyond which there will be penalties. Furthermore, to ensure that you don't forget any deadlines, your GST advisor will remind you on a regular basis.

Monthly GST Status reports

The GST advisors will share with the clients monthly reports that include GSTR-3B and the status of filing GST returns, along with recommendations for moving forward.

GST returns by LEDGERS

The GST software, LEDGERS, prepares GST returns to ensure that they are error-free and filed on time and without difficulty.

Standard accounting and cloud records

Accountants will keep track of all of your invoices and financial activities in LEDGERS to ensure a smooth and economical filing process for all of your returns, including GST, TDS, and ITR.

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LEDGERS GST Software

The client will receive LEDGERS GST Software for GST invoicing, payments, return filing, and accounting in addition to support from the GST advisor.

Some of the features of LEDGERS are:

  • Customer management
  • Supplier management
  • GST Invoicing
  • Estimate issuance & tracking
  • Accounts receivables tracking
  • Purchase register
  • Payments tracking
  • Payables management
  • Automated GST return filing (GSTR-1, GSTR-3B)
  • Automatic Input Tax credit reconciliation
  • GST E-way bill generation & management
  • ICICI bank integration

Make sure your company files its GST returns with Taxhint Advisors on time to maintain compliance and avoid fines. To begin and enjoy hassle-free filing with knowledgeable support at every stage, speak with our professionals right now.