Filing GST Returns

In accordance with the regulations of the GST system, all business entities that are registered under the GST system are required to file GST returns. The filing process is determined based on the nature of the business. Registered dealers who engage in activities such as sales, purchase, output goods and services tax (on sales), and input tax credit with GST paid on the purchase are obligated to file a GST return.

Taxpayers, including manufacturers, suppliers, dealers, and consumers, are required to file their tax returns with the GST department annually. Under the new GST regime, the process of filing tax returns has been automated. GST returns can be filed online using the software or apps provided by the Goods and Service Tax Network (GSTN), which will automatically populate the details on each GSTR form.

GST returns online

To file GST returns online, the following steps must be taken:

Step 1:
Visit the GST portal (www.gst.gov.in).
Step 2:
A 15-digit GST identification number will be issued based on the state code and PAN number.
Step 3:
Upload invoices on the GST portal or software, and an invoice reference number will be issued against each invoice.
Step 4:
After uploading invoices, outward return, inward return, and cumulative monthly return must be filed online. If there are any errors, corrections can be made and the returns can be refiled.
Step 5:
File the outward supply returns in GSTR-1 form through the information section at the GST Common Portal (GSTN) on or before the 10th of the following month.
Step 6:
Details of outward supplies furnished by the supplier will be made available in GSTR-2A to the recipient.
Step 7:
The recipient must verify, validate, and modify the details of outward supplies, and also file details of credit or debit notes.
Step 8:
The recipient must furnish the details of inward supplies of taxable goods and services in GSTR-2 form.
Step 9:
The supplier can either accept or reject the modifications of the details of inward supplies made available by the recipient in GSTR-1A.

Eligibility Criteria for GST Return Filing

The obligation to file GST returns in India is based on the following eligibility criteria:

Possession of a Valid GSTIN:
Individuals or entities holding a valid Goods and Services Tax Identification Number (GSTIN) are required to file GST returns as per the regulatory framework.
Annual Turnover Threshold:
Entities with an annual turnover exceeding Rs. 20 lakh are mandated to obtain GST registration and file GST returns regularly. However, in the case of special states, where the threshold is lower, entities with an annual turnover surpassing Rs. 10 lakh must adhere to GST registration and return filing requirements.

Compliance with these eligibility criteria ensures that businesses and individuals fulfill their GST return filing obligations in accordance with the prevailing regulations.

GST Return Filing Process

Step 1:
Visit the GST portal (www.gst.gov.in).
Step 2:
A 15-digit GST identification number will be issued based on the state code and PAN number.
Step 3:
Upload invoices on the GST portal or software, and an invoice reference number will be issued against each invoice.
Step 4:
After uploading invoices, outward return, inward return, and cumulative monthly return must be filed online. If there are any errors, corrections can be made and the returns can be refiled.
Step 5:
File the outward supply returns in GSTR-1 form through the information section at the GST Common Portal (GSTN) on or before the 10th of the following month.
Step 6:
Details of outward supplies furnished by the supplier will be made available in GSTR-2A to the recipient.
Step 7:
The recipient must verify, validate, and modify the details of outward supplies, and also file details of credit or debit notes.
Step 8:
The recipient must furnish the details of inward supplies of taxable goods and services in GSTR-2 form.
Step 9:
The supplier can either accept or reject the modifications of the details of inward supplies made available by the recipient in GSTR-1A.

Due dates for filing the GST returns

GST Return Filing Deadlines:

GSTR 1: 11th of the succeeding month
GSTR 3B: 20th of the succeeding month
CMP 08: 18th of the month following the quarter
GSTR 4: 18th of the month following the quarter
GSTR 5: 20th of the succeeding month
GSTR 6: 13th of the succeeding month
GSTR 7: 10th of the succeeding month
GSTR 8: 10th of the succeeding month
GSTR 9: 31st December of the fiscal year
GSTR 10: Within 3 months of the cancellation date or the cancellation order date, whichever is earlier
GSTR 11: 28th of the month following the statement filing month

Adhering to these deadlines ensures timely and compliant filing of GST returns for various categories.

Filing GST Returns

GST returns online

GST

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Filing GST Returns

GST returns online

GST

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