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 professionals will assist you with understanding the applicability and compliance requirements under the new GST framework. For businesses engaged in buying, selling, or providing services, GST registration is required if the annual turnover exceeds Rs.10 lakhs in north-eastern and hill states, and Rs.20 lakhs elsewhere in India. Every entity with GST registration must 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. Every registered taxpayer will be required to furnish three returns monthly 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.

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 – Return filing and tax payment are due monthly by the 20th of the next month (SUSPENDED).
• Form GSTR-9 – Annual return by 31st December of the next financial year.