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 would be required for all enterprises involved in the buying, selling, or delivery of services exceeding Rs.10 lakhs a year in north-eastern and hill states, while the limit is Rs.20 lakhs for the rest of India. All GST-registered entities are obligated to file GST returns. All GST-registered entities must file returns, even if there was no activity or sale in the filing period. Every registered taxpayer will be required to furnish three returns monthly and one annual return. Additionally, separate returns apply to taxpayers registered under the composition scheme, as Input Service Distributors, or individuals responsible for TDS/TCS collection.

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 – Monthly return along with payment of due tax 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.