GST Filing in India
At Pioneer One, we offer comprehensive GST filing services in India. Our team of experienced professionals assists businesses with their GST compliance requirements, ensuring that all returns are accurately filed and in a timely manner. We provide end-to-end solutions for all your GST needs, from registration to return filing and everything in between. With our expertise in GST laws and regulations, we ensure that your business remains compliant and avoids any penalties or fines. Whether you are a small business or a large corporation, we tailor our services to meet your unique needs and ensure seamless and hassle-free GST compliance. Let us help you simplify the complex GST return filing process and focus on growing your business while we take care of the compliance requirements.
GST – India
Under the GST system in India, businesses that are registered must file their GST returns either monthly, quarterly, or annually, depending on their specific business needs. It is mandatory for businesses to provide details on sales or purchases of goods and services, as well as tax collection and payment. With the implementation of the GST system, taxpayer services such as registration, returns, and compliance have been streamlined to ensure that they are in line and perfectly aligned.
Individual taxpayers are required to file four forms when filing their GST returns, including returns for supplies, returns for purchases, monthly returns, and annual returns. GST filing is mandatory for all entities with valid GST registration, regardless of their business activity or sales during the filing period. Even a dormant business with a valid GST registration must file GST returns.
A GST return is a document that contains all the details of a taxpayer’s income or expenses, which must be filed with the tax administrative authorities. The GST system ensures that all businesses are held accountable for their taxes, and the returns provide a comprehensive snapshot of the company’s financial status. By implementing such a comprehensive Income Tax System like GST in India, the tax collection process has become more streamlined and efficient, benefiting both businesses and the government.
Eligibility Criteria for GST Filing
The process of GST filing in India applies to the following:
Different types of GST registration in India
| GSTR 1: Details of the outward supplies of the taxable goods and or services |
Monthly | The 11th of Subsequent of that month |
| Quarterly (If opted under the QRMP scheme) | ||
| GSTR 3B: Simple returns in which a summary of the outward supplies along with the input tax credit that is declared and the payment of the tax is affected by the taxpayer. |
Monthly | The 20th of that subsequent month |
| Quarterly | ||
| CMP 08: Statement cum challan to make a tax payment by a taxpayer registered under the composition scheme under Section 10 of the CGST Act. |
Quarterly | 18th of the month succeeding the quarter of the specific fiscal year. |
| GSTR 4: Returns to be filed by the taxpayer that is registered under the composition scheme under Section 10 of the CGST Act |
Annually | 18th of the month succeeding the quarter. |
| GSTR 5: Returns to be filed by a Non-resident taxable person |
Monthly | 20th of the subsequent month |
| GSTR 6: To be filed by the input service distributor to distribute the eligible input tax credit |
Monthly | 13th of the subsequent month |
| GSTR 7: Is filed by the government authorities |
Monthly | 10th of the subsequent month |
| GSTR 8: Details of supplies that are affected through the e-commerce operators and the amount of tax that is collected at the source by them. |
Monthly | 10th of the subsequent month |
| GSTR 9: Annual return for a normal taxpayer |
Annually | 31st December of the Fiscal year. |
| GSTR 9C: Certified reconciliation statement |
Annually | 31st December of the Fiscal year. |
| GSTR 10: Is filed by the taxpayer whose GST registration is canceled |
Once the GST registration is canceled or surrendered | Within 3 months of the date of cancellation or the date of cancellation order whichever is earlier. |
| GSTR 11: Details of the inward supplies are furnished by a person who has UIN and also claims a refund. |
Monthly | 28th of the month that is following the month for which the statement was filed. |
Composition Scheme GST Filing
All persons registered under the Composition Scheme are required to pay taxes using CMP-08 every quarter and GSTR 4 to be filled annually through the GST Common Portal or a GST Facilitation Centre. GST return for those enrolled under Composition Scheme is due on the 18th of the month, succeeding a quarter. Hence, the GST return for the composition scheme would be due on April 18th, July 18th, October 18th, and January 18th. The GST return filed by a Composition Scheme supplier must include details of:
If a registered person opted to pay tax under composition scheme from the beginning of a financial year, then the taxpayer must file monthly GST returns on the 10th, 15th, and 20th of each month and monthly returns till the due date of furnishing the return for September of the succeeding financial year or furnishing of annual return of the preceding financial year, whichever is earlier. Hence, even if a taxable person under GST opted for a composition scheme from April onwards, the taxpayer must continue filing monthly GST returns until September.
Staggered Return of GSTR-3B
| Turnover | Due dates | Applicable to |
|---|---|---|
| More than 5 crores | 20th of Every month | All the states and UTs |
| Less than 5 crores | 22nd of Every month for Group A States | Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh |
| Less than 5 crores | 24th of Every month for Group B States | Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha |
Penalties
If there are any offenses committed then a penalty has to be paid under GST
Late filing of the GST returns can attract a penalty called a late fee. And according to the Goods and Service Tax can attract a penalty which is Rs. 100 under CGST and Rs.100 under SGST that accounts for Rs.200 a day.
With the late fee, an interest of 18% has to be paid per annum. It is calculated on the tax to be paid.
In case if the taxpayer is not filing the GST returns then the subsequent returns cannot be filed. Hence, to avoid heavy fines and penalties it is better to file the GST returns on time as it will lead to a cascading effect.
An offender who is not paying taxes or is making short payments must pay a penalty of 10% of the amount of tax due subject to a minimum of Rs.10,000.
An offender is subject to a penalty amount of tax evasion or short deducted.
Even in case if there is no business the taxpayer is required to file the Nil GST returns.