Return
Filing.
Stay compliant and stress-free. Whether you’re a business owner or freelancer, we make filing quick, accurate, and hassle-free to avoid severe penalties.
Who Should File?
All business owners and dealers who are registered under the GST system must file GST returns according to the nature of their operations.
Regular Businesses
Standard businesses with regular inward and outward supplies. Must file GSTR-1, GSTR-3B, and annual returns.
Composition Scheme
Small taxpayers opted for a simplified scheme. They enjoy reduced compliance and file quarterly and annual returns.
E-Commerce & ISDs
Specialized entities like Input Service Distributors or E-Commerce operators collecting TCS must file specific monthly returns.
Non-Resident Taxpayers
Foreign entities supplying goods or services within India are required to file GSTR-5.
Late Fees & Interest.
Late filing of GSTR-1 and GSTR-3B is allowed but subject to strict daily penalties. To reduce the burden, there is an upper limit based on your turnover.
Upper Limits on Late Fees
| Turnover Criteria | Maximum Late Fee Cap |
|---|---|
| NIL Tax Liability | ₹500 (₹250 CGST + ₹250 SGST) |
| Up to ₹1.5 Crores | ₹2000 (₹1000 CGST + ₹1000 SGST) |
| Between ₹1.5 Crores - ₹5 Crores | ₹5000 (₹2500 CGST + ₹2500 SGST) |
| Exceeding ₹5 Crores | ₹10000 (₹5000 CGST + ₹5000 SGST) |
Interest on Delay in Payment
GST is the main source of revenue for the states and the union of India. Taxes must be paid monthly. Any delay in payment of the GST imposes a strict interest rate of 18% per annum on the outstanding tax liability.
Types of GST Returns.
Explore the specific forms required based on your business classification.
Tax return for outward supplies made (contains details of interstate and intrastate B2B and B2C sales). From Jan 2022, taxpayers cannot file GSTR-1 if GSTR-3B of the previous month is not filed.
Temporary consolidated summary return of inward and outward supplies introduced as a relaxation during GST transition.
Annual combined tax return detailing the taxpayer’s income and expenses, consolidated based on monthly GST returns.
Audit form required to be filed by taxpayers whose aggregate turnover exceeds Rs. 2 crores in a financial year.
GSTR-9 Annual Filing Rules
GSTR-9 provides taxpayers with a final opportunity to reconcile their tax filings for a particular financial year and take corrective action.
| Taxpayer Category (Turnover) | Certification Required |
|---|---|
| Less than ₹2 Crore | Not Required (Optional) |
| Between ₹2 Crore - ₹5 Crore | Self Certification |
| Above ₹5 Crore | CA Certification Required |
Questions?
Deadline approaching?
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