GST RETURN FILING

For Business having turnover less than Rs.1.5 Crores

₹2500

3 Months GST Return Filing Charges (including GSTR-1 & 3B)

₹5000

6 Months GST Return Filing Charges (including GSTR-1 & 3B)

₹10000

1 Year GST Return Filing Charges (including GSTR-1 & 3B)

For Business having turnover more than Rs.1.5 Crores

₹4000

3 Months GST Return Filing Charges (including GSTR-1 & 3B)

₹8000

6 Months GST Return Filing Charges (including GSTR-1 & 3B)

₹15000

1 Year GST Return Filing Charges (including GSTR-1 & 3B)

GST Return Filing

GST is applicable in India from 1st July, 2017. Since then there have been many changes in GST return filing processes, formats, due dates etc.

FOR REGULAR GST REGISTERED PERSONS

Presently, there are two main returns which are to be filed by every regular GST registered person. They are :

GSTR 3B

GSTR-3B is the summary of particular month’s Sales and input tax credit and the GST payment has also to be made alongwith the filing of this return.

This return to be filed monthly on or before the due date (the due date is 20th of next month but the same has been staggered recently based on the demography of the country i.e. it is 20th, 22nd & 24th for different category of taxpayers)
You can know more about it in our knowledge Section.

GSTR-1

GSTR-1 is the detailed report of Sales of particular month/quarter both B2B and B2C wise. On the basis of this return, the input tax credit is allowed to the supplier.

This return is to be filed monthly for large taxpayers i.e. for taxpayers having turnover exceeding Rs. 1.5 Cr. During the Financial year. For taxpayers having turnover less than Rs.1.5 Cr, the GSTR-1 return filing is on quarterly basis.

For the due dates, please refer our knowledge section.

FOR COMPOSITION SCHEME REGISTERED PERSONS

All persons registered under the Composition Scheme are required to file FORM COMP-8 every quarter through the GST Common Portal which is due on 18th of the next month of the quarter end.
At the end of the Financial Year, these composition dealers are also required to file GSTR-4 which is on annual basis.

Penalty for Non-filing/Late Filing GST Return

Failure to file GST returns can lead to penalties and cancellation of GST registration. If GST return is continuously not submitted for six months, then the GST registration can be cancelled.
The penalty for late filing of GST return is different for different persons.
For persons having NIL turnover, the penalty is Rs. 20 per day both for GSTR-3B & GSTR-1. Thus Rs.40 per day penalty is there for Nil turnover return filers if they do not file the return in time.
For persons having turnover, the penalty is Rs. 50 per day both for GSTR-3B & GSTR-1. Thus a person having any turnover and if he does not file GST returns in time, penalty of Rs. 100 per day is applicable.
In addition to the above late filing fees, the person would also have to pay interest at the rate of 18% on GST payment remitted late to the Government.

 

Documents required for GST Return Filing –

  • Complete details of Sales for the particular month i.e. B2B & B2C
  • Complete details of Input tax credit utilized during the month