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 would be required for all enterprises involved in the buying, selling, or delivery of services exceeding Rs.10 lakhs a year in north-eastern and hill states, while the limit is Rs.20 lakhs for the rest of India. All entities having GST registration would be required to file GST returns. GST return filing would be mandatory for all GST registered entities, irrespective of whether there was any activity/sale during the return filing period. All registered taxpayers are obligated to submit three returns each month and one annual return. Similarly, there are separate returns for a taxpayer registered under the composition scheme, the taxpayer registered as an Input Service Distributor, or a person liable to deduct or collect tax (TDS/TCS).

The following forms are applicable for normal taxpayers:

• Form GSTR-1 – Details of outward supplies must be submitted monthly by the 10th of the following month.
• Form GSTR-2 – Inward supply details should be filed monthly by the 15th of the next month (SUSPENDED).
• Form GSTR-3 – The monthly return, along with the payment of due tax, is required by the 20th of the following month (SUSPENDED).
• Form GSTR-9 – The yearly return is due by 31st December following the financial year.