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Since the implementation of the Goods and Services Tax (GST) on July 1, 2017, compliance has become essential for all registered businesses. GST Registration applies to various entities meeting specific criteria. Once registered, timely filing of GST Returns is mandatory to adhere to government regulations.
A GST return is a document submitted by every registered dealer detailing their transactions as prescribed by the GST Act. It includes vital information such as total turnover, purchases, output tax (tax collected on sales), and input tax (tax paid on purchases).
Filing GST returns accurately and within the stipulated time is crucial. It not only helps mitigate the cascading effect of taxes but also ensures that tax authorities can reconcile transactions effectively and provide timely GST credits to authorized dealers.
At Track Tax, we offer dedicated assistance in filing GST Returns for all types of suppliers and entities. Our commitment to timely delivery and customer satisfaction guarantees a hassle-free experience. For support, contact our team at 072407-51000 or email us at admin@tracktax.in.
Timely and accurate filing of GST Returns enables suppliers to easily claim Input Tax Credit (ITC). This means that when paying tax on their output, suppliers can deduct the tax they previously paid on inputs, effectively reducing their overall tax liability.
By filing GST Returns on time, suppliers can steer clear of late fees and penalties imposed by the tax authorities. Staying compliant helps maintain good standing and avoids unnecessary financial burdens.
The GST Network has implemented a rating system for registered entities based on their consistency in filing returns and documents. This rating is publicly displayed, enhancing the reputation of compliant entities and potentially improving business opportunities.
S. No. | Type of Dealer | Applicable GST Return | Particulars |
1 | Regular Dealer | GSTR-1 | Provides details of outward supplies of taxable goods and/or services or sales transactions in a tax period to both registered and unregistered dealers. Taxpayers with an annual turnover above ₹1.5 crores must file this return monthly, while others can file quarterly. |
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| GSTR-2A | Auto-populated return showing inward supplies of taxable goods and/or services from registered dealers. This is automatically filled based on GSTR-1 filings from respective dealers. |
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| GSTR-2 | Return for reporting purchases during the tax period. Data is taken from GSTR-2A but can be modified for purchase returns. However, this return is currently suspended. |
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| GSTR-3B | A summarized self-declaration return. It includes details of outward supplies along with input tax credit (ITC) and is used to pay the tax liability. It is filed monthly. |
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| GSTR-9 | Annual GST return consolidating all transactions for the year, including sales, purchases, and adjustments, categorized under IGST, CGST, and SGST. |
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| GSTR-9C | Applicable for entities with a turnover exceeding ₹2 crores, requiring an audit. This return reconciles turnover filed under the GST and Income Tax Acts. |
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| GSTR-10 | Final return required to be filed within 3 months from the date of GST cancellation. It includes the closing stock held on the GSTN, with tax calculations and CA certification. |
2 | Composition Dealer | GSTR-4/CMP-08 | Quarterly return for taxpayers registered under the composition scheme with a turnover of less than ₹1.5 crores. |
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| GSTR-9A | Annual return for composition dealers summarizing the quarterly filings for the year. |
3 | Tax Deductors | GSTR-7 | Monthly return for taxpayers who are required to deduct TDS. Primarily used by government departments to deduct TDS on suppliers and issue TDS certificates (Form 7A). |
4 | Input Service Distributors | GSTR-6 | Monthly return filed by Input Service Distributors (ISD) detailing the distribution of credits received. |
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| GSTR-8 | Monthly return for e-commerce operators who deduct TCS (1%) from dealers selling on their platforms. |
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| GSTR-9B | Annual return for e-commerce operators detailing total outward supplies, returns, and TCS collected from dealers. |
6 | UN Bodies/Embassies | GSTR-11 | Special return for diplomats and foreign embassies. These entities are assigned a Unique Identification Number (UIN) and can claim GST refunds. |
7 | Non-Resident Taxpayers | GSTR-5 | Filed by foreign nationals conducting business in India with a temporary GST registration. It includes details of supplies made and received during their business tenure in India. |
Start by filling out a simple questionnaire provided by our expert team. This step helps us assess your GST return filing status and understand your specific requirements.
Once the form is submitted, you’ll need to provide the necessary documents based on the information in the questionnaire. We will review and organize these documents for the next steps of the filing process.
Our team will process your purchase and sale bills for the relevant month/quarter, ensuring all transactions are accounted for. Afterward, we will prepare the appropriate GST return forms required for submission.
After reviewing all data with you, and once you approve, our professionals will submit your GST return on the official GST Portal.
Upon successful submission, we will send an acknowledgment receipt to you via email for your records.
This streamlined process ensures a hassle-free experience while filing your GST return online.
S.No | GST Return | Due Date | Penalties |
1 | GSTR-1 | 11th of the next month (for turnover above ₹1.5 crores) | ₹200 per day (₹100 per day for CGST and ₹100 per day for SGST) |
2 | GSTR-2A | Auto Populated (No need to file) | Nil |
3 | GSTR-3B | 20th, 22nd, or 24th of the next month (based on the state) | ₹100 per day (₹50 per day for CGST and ₹50 per day for SGST), max ₹10,000 per month |
4 | GSTR-4/CMP-08 | 18th of the month following the quarter | ₹100 per day (₹50 per day for CGST and ₹50 per day for SGST), max ₹10,000 per month |
5 | GSTR-5 | 20th of the next month | ₹200 per day (₹100 per day for CGST and ₹100 per day for SGST) |
6 | GSTR-6 | 13th of the succeeding month | ₹100 per day (₹50 per day for CGST and ₹50 per day for SGST), max ₹10,000 per month |
7 | GSTR-7 | 10th of the succeeding month | ₹200 per day (₹100 per day for CGST and ₹100 per day for SGST) |
8 | GSTR-8 | 10th of the succeeding month | ₹200 per day (₹100 per day for CGST and ₹100 per day for SGST) |
9 | GSTR-9 | 31st December of the next financial year | ₹200 per day (₹100 per day for CGST and ₹100 per day for SGST), max 0.50% of total turnover |
10 | GSTR-9A | 31st December of the next financial year | ₹200 per day (₹100 per day for CGST and ₹100 per day for SGST), max 0.50% of total turnover |
11 | GSTR-10 | Within 3 months of the date of cancellation or order, whichever is earlier | ₹100 per day (₹50 per day for CGST and ₹50 per day for SGST), max ₹10,000 |
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