Every business that is registered under GST has to file the GST returns monthly, quarterly, and annually based on the type of business.These GSTR filings are done online on the GST portal.
What is a GST Return?
A GST (Goods and Services Tax) return is a document that must be filed with the government
by a registered business that has collected GST on sales or paid GST on purchases. Filing GST
returns accurately and on time is important for businesses to avoid penalties and maintain
compliance with tax laws.
Under GST, a registered dealer has to file GST returns that include:
- Purchases
- Sales
- Output GST (On sales)
- Input tax credit (GST paid on purchases)
Is GST Return filing mandatory?
Yes, GST return filing is mandatory for every business registered under GST. Businesses are required to file their GST returns regularly, usually monthly or quarterly, depending on the turnover of the business and failure to file GST returns on time can result in the imposition of fines and penalties by the GST authorities.
Late fee for GST return filing?
The late fee for GST return filing varies depending on the type of return and the duration of the delay.
The late fee for GSTR-3B (a monthly summary return) is Rs. 20 per day of delay for businesses with nil
filing, and Rs. 50 per day of delay for businesses with tax liability.
How many returns are there under GST?
There are 13 returns under GST. They are the GSTR-1, GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, GSTR-9, GSTR-10, GSTR-11, CMP-08, and ITC-04. However, all returns do not apply to all taxpayers. Taxpayers file returns based on the type of taxpayer/type of registration obtained.
Due date of GST return
| Return Form | Frequency | Due Date |
|---|---|---|
| GSTR-1 | Monthly | 11th of the next month |
| Quarterly | 13th of the month succeeding the quarter | |
| IFF | Monthly | 13th of the next month |
| GSTR-3B | Monthly | 20th of the next month |
| CMP-08 | Quarterly | 18th of the month succeeding the quarter |
| GSTR-4 | Annually | 30th of the month succeeding a financial year |
| GSTR-5 | Monthly | 20th of the next month |
| GSTR-5A | Monthly | 20th of the next month |
| GSTR-6 | Monthly | 13th of the next month |
| GSTR-7 | Monthly | 10th of the next month |
| GSTR-8 | Monthly | 10th of the next month |
| GSTR-9 | Annually | 31st December of the next financial year |
| GSTR-9C | Annually | 31st December of the next financial year |
| GSTR-11 | Monthly | 28th of the month following the month |
How to file the GST returns?
SIMBLE BOOKS is a leading business service platform in India that offers end-to-end GST services. We have helped thousands of business owners to get GST registration, as well as file GST, returns.
Why SIMBLE BOOKS for Filing GST returns?
Filing GST returns takes around 1 to 3 working days subject to the availability of the government portal and the submission
of documents by the client.
Benefits of choosing SIMBLE BOOKS for the GST returns
- Reminder to file GST returns
- All GST reports in client portal
- Standard accounting and cloud records
- Client knows the status of filing and live watch of filing
- Free accounting software
