All GST-registered individuals must regularly submit details of sales, purchases, and taxes paid (ITC) through filing returns with the GST Authorities. Tax payment must be completed before filing a return; failure to do so will result in the return being 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 GST-registered entities are obligated to file GST returns. GST return filing is compulsory for all GST-registered entities, regardless of whether there was any activity or sales during the return period. Each registered taxpayer must file three monthly returns and one annual return. There are also distinct returns for taxpayers in the composition scheme, Input Service Distributors, or those liable to deduct or collect TDS/TCS.

These forms are required for regular taxpayers:

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