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. Tax payment must be completed before filing a return; failure to do so will result in the return being invalid.

Legal Suvidha Experts will help you navigate the GST regime and ensure compliance with its rules. 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. All entities having GST registration would be required to file GST returns. All GST-registered entities must file returns, even if there was no activity or sale in the 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).

Normal taxpayers must file the following forms:

• Form GSTR-1 – Details of outward supplies must be submitted monthly by the 10th of the following month.
• Form GSTR-2 – Monthly details of inward supplies by 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.