Every person registered under the GST Act has to periodically furnish the details of sales, purchases, and tax paid (ITC) and collected thereon by filing the return with GST Authorities. Payment of due taxes is required before filing a return, or else it will be considered invalid.

Legal Suvidha Experts will guide you on the applicability and compliances under the new GST regime. GST registration is mandatory for all businesses engaged in buying, selling, or providing services that exceed Rs.10 lakhs annually in north-eastern and hill states, and Rs.20 lakhs for the rest of India. All entities having GST registration would be required to file GST returns. All GST-registered entities must file returns, even if there was no activity or sale in the filing period. Every registered taxpayer will be required to furnish three returns monthly and one annual return. Additionally, separate returns apply to taxpayers registered under the composition scheme, as Input Service Distributors, or individuals responsible for TDS/TCS collection.

These forms are required for regular taxpayers:

• Form GSTR-1 – Details of outward supplies must be submitted monthly by the 10th of the following month.
• Form GSTR-2 – Monthly inward supply details are due by the 15th of the next month (SUSPENDED).
• Form GSTR-3 – Return filing and tax payment are due monthly by the 20th of the next month (SUSPENDED).
• Form GSTR-9 – The yearly return is due by 31st December following the financial year.