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. Before filing any return, payment of tax due is a prerequisite; otherwise, such return will be 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. 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).

These forms are required for regular 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 – Return filing and tax payment are due monthly by the 20th of the next month (SUSPENDED).
• Form GSTR-9 – The annual return must be filed by December 31st of the next financial year.