GST Return Filing

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. Following forms applicable for normal taxpayers: • Form GSTR-1 – Monthly details of outward supplies by the 10th of the next 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 20th of next month (SUSPENDED). • Form GSTR-9 – Annual return by 31st December of the next financial year.

0 +

Businesses Served

0 +

Years Experience

0 /5

Google Rating

Get Started

Best Compliance Firm For Your Company

Free Legal Advice

Experts Team

On-Time Delivery

Overview of GST Return Filing

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 or 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 rest of India. All entities having GST registration would be required to file GST returns. GST return filing would be mandatory for all GST registered entities irrespective of if there was any activity/sale during the return filing period. Every Registered taxpayer will be required to furnish three returns monthly 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, a person liable to deduct or collect the tax (TDS/TCS).

Following forms applicable for normal taxpayers:
• Form GSTR-1 – Monthly details of outward supplies by the 10th of the next 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 20th of next month (SUSPENDED).
• Form GSTR-9 – Annual return by 31st December of the next financial year.

Advantages of GST Return Filing

Single Platform	With the implementation of GST in India, the indirect taxes would be streamlined and standardized. A single GST registration for the respective state(s) in India from where the supply of goods and/or services will be sufficient.
Credibility	Proper compliance with filing returns on time increases your credibility among your customers about the transparency of your transactions.
Input tax credit and refund	The prior condition for claiming a refund & ITC is that the return must be filed by the assessee.
One nation one tax	GST subsumes various other taxes like Central Sales Tax, Additional Customs Duty, Purchase Tax, Luxury Tax, etc., Hence, under GST, many of the taxes in existence today would be subsumed and made into one tax.
Ease of doing business	Currently, many businesses like restaurants, computer sales, and services businesses have to comply with both VAT and Service Tax. This creates a compliance burden on the business, as they have to calculate taxes for the transaction based on different rates for different items.
Increase taxpayers’ volume	GST will work on the value addition concept and it is expected that new registration will come into existence to take benefit of Input Tax in the Transaction chain. GST allows a seamless flow of input tax credits.
Lower taxes	Under the GST regime, GST liability accrues only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hilly states, whereas, for the rest of India, the threshold is set at Rs.20 lakhs which ultimately leads to lower tax payment.

Registration Process

Step 1: Information Collection: A Legal Suvidha Expert will collect the necessary information and documents for preparation of GST return for your business.

Step 2: GST Return Preparation: Based on the documents and information collected, we will prepare your GST return and send for your approval.

Step 3: GST Return Filing: Once the GST return is verified and approved by you, our GST expert will file your GST return.

Required Documents

Return / Form	Details	By Whom?	Due Date
GSTR-1	Details of outward supplies of taxable goods and/or services affected	Registered Taxable Supplier	10th of the next month
GSTR-2	Details of inward supplies of taxable goods and/or services affected claiming the input tax credit.	Registered Taxable Recipient	15th of the next month
GSTR-3	Monthly return based on finalization of details of outward supplies and inward supplies along with the payment of the amount of tax.	Registered Taxable Person	20th of the next month
GSTR-4	Quarterly return for compounding taxable person.	Composition Supplier	18th of the month succeeding quarter
GSTR-5	Return for Non-Resident foreign taxable person	Non-Resident Taxable Person	20th of the next month
GSTR-6	Return for Input Service Distributor.	Input Service Distributor	15th of the next month
GSTR-7	Return for authorities deducting tax at source.	Tax Deductor	10th of the next month
GSTR-8	Details of supplies affected through e-commerce operator and the amount of tax collected.	E-commerce Operator/Tax Collector	10th of the next month
GSTR-9	Annual Return	Registered Taxable Person	31st December of the next financial year
GSTR-10	Final Return	A taxable person whose registration has been surrendered or canceled.	Within three months of the date of cancellation or date of cancellation order, whichever is later.
GSTR-11	Details of inward supplies to be furnished by a person having UIN	A person having UIN and claiming a refund	28th of the month following the month for which the statement is filed

FAQ's GST Return Filing :-

Who has to file GST Return?

Every entity registered under GST will have to file a GST Return. A nil return has to be filed even if no purchase sales activity has been carried out during the return period.

What is the periodicity of filing return?

Depending upon the type of registration and transactions different periods have been specified. Monthly Return has to be filed by Regular, Foreign Non Residents, ISD and Casual Tax Payers whereas compounding taxpayers have to file quarterly returns.

What is the consequence of not filing the return within the prescribed date?

A registered taxable person who files return beyond the prescribed date will have to pay late fees of rupees one hundred for every day of delay subject to a maximum of rupees five thousand.

Do different return forms have to be filed for CGST, SGST, IGST?

No, the return forms are common for CGST, SGST, IGST.

What is GSTR-1 return?

GSTR-1 return will include details of the outward supplies or sales by the taxpayer. This return form would capture the following information: • Basic details like business name along with GSTIN, period for which the return is being filed etc. • Details of invoices issued in the previous month and the corresponding taxes paid. • Details of advances received against a supply which has to be made in future. • Details of revision in relation to outward sales invoices pertaining to previous tax periods

What is GSTR-2 return?

GSTR-2 return will include details of the purchases by the taxpayer. GSTR-2 is prefilled for a taxpayer based on the GSTR-1 filed by his supplier. You just have to validate this prefilled information and make modifications if required. GSTR-2 will include the following details: • The details of purchases auto-populated by the department • Invoices on which partial credit has been availed earlier has to be submitted in a separate table.

Can I pay the taxes due after filing the return?

No taxes due have to be paid before filing the return for that period otherwise the return will be invalid.

How can taxpayers file their returns?

Taxpayers will have various modes to file the statements and returns. Firstly, they can file their statement and returns directly on the Common Portal online. However, this may be tedious and time taking for taxpayers with large number of invoices. For such taxpayers, an offline utility will be provided that can be used for preparing the statements offline after downloading the auto-populated details and uploading them on the Common Portal. GSTN has also developed an ecosystem of GST Suvidha Providers (GSP) that will integrate with the Common Portal.

Is it compulsory for taxpayer to file return by himself?

No. A registered taxpayer person can also get his return filed through a Tax Return Preparer, duly approved by the Central or the State tax administration.

Get Started

1. Application

Fill out the application form & other details.

2. Payment

Make the payment through online mode.

3. Process

We will process your application.

4. Confirmation

A mail will be send on completion.

Why People Choose Our Services ?

Why Trust legal Suvidha?

People Who loved our services and what they feel.

In this Journey of the past 10+ years, we had gained the trust of many startups, businesses, and professionals in India and stand with a 4.9/5 rating in google reviews.

Reno K Subramaniam

22/03/2023

I have recently registered a Private Limited firm and was looking for a CA to take care of the filings, Startup India Certificate, and other formalities. I have received emails from legal Suvidha and a few others. I tried talking to them all. But, Mr. Mayank from Legal Suvidha was very impressive and was patient enough, prompt to answer all the queries. He has a very professional team and after the initial formalities, I started interacting with the team. It's not even 2 weeks but I really feel overwhelmed by their service and professionalism. I received my startup India certificate yesterday and my filings have been done promptly. The team at legal suvidha Ms. Nidhi, Ms. Priyanka, Ms. Koshika, and Ms. Saloni all show the same professionalism and are readily available to take care of the official filings and stuff. Overall a great experience till now and looking forward to a great journey!

pankaj tiwari

22/03/2023

Legal suvidha is a team of genuine and experienced professionals who give you best services according to your profile

Raman Krishnan

21/03/2023

Saloni from legalsuvidha has done a excellent job for filling and geting certificate of DPIIT. Thanks to legalsuvidha.

Prakaash Hari

15/03/2023

Team Legal Suvidha offers a brilliant service. There communication is quite clear and they execute the job meticulously. We are a startup private limited company and their advice is so critical in making my decision. Well done team. Keep it up. Prakaash Hari, Director, ipixela.

Priyanka Rudra

02/03/2023

Dedicated team and fast response

Dr. Vishal Ghag

21/02/2023

Been using their services since 3 years now and I am absolutely happy with Legal Suvidha. They have been supportive, understanding and highly skilled at helping me with my business needs.

Stay Updated With Our Blogs!

Explore more of our blogs to have better clarity and understanding
of the latest corporate & business updates.

Legal Suvidha App

Now all Professional Services in a Single Click !

Now get all the services required for your business in a single app.

Business Registrations

Funding

UAE Company Registration

Manage a Business

Conversion

Corporate Filings

DSC & IEC

Change Services

MCA Filings

Closure of Company

Goods & Service Tax (GST)

Income Tax

Accounting & Bookkeeping

Licenses

Trademark

Design

Patent

Copyright

Legal Services

Online Presence

EIA

E-waste management

Plastic waste management

HAZARDOUS waste management

battery waste management

ENVIRONMENTAL LICENSING

ENVIRONMENTAL ADVISORY

POLLUTION NOC

GST Return Filing

Get Started

Mayank Wadhera