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 entities having GST registration would be required 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. 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 – The outward supply details should be filed monthly by the 10th of the next 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 – Annual return by 31st December of the next financial year.