GST Return Filing
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File your GST Return
The Goods and Service Tax (GST), an indirect tax or consumption tax, is used in India to tax the supply of goods. It is a multistage, comprehensive, destination-based tax. Comprehensive because it includes almost all indirect taxes, except for a few state taxes. It is multi-staged and imposes GST at each stage of the production process. However, it is intended to be refunded all parties involved in the different stages of production, other than the final consumers. As a destination-based tax it is collected at point of consumption, not point of origin as previous taxes.Under GST framework, a registered business owner has to file GST returns that includes:
- Sales
- Purchases
- Input tax credit (GST paid on purchases)
- Output GST (on sales)
frequently asked questions
What documents are required for GST Registration?
1) For Individual/Sole Proprietor:
- Pan Card
- Aadhaar Card
- 1 Photograph
- Address Proof
- Bank account details
2) For Partnership firms/LLP’s
- Pan Card(of partners)
- Aadhaar Card(of partners)
- Partnership Deed
- Photograph(of partners)
- Address Proof
- Bank account details
3) For Hindu Undivided Family(HUFs)
- HUFs Pan Card
- Karta’s PAN Card
- Owner Photograph
- Address Proof
- Bank account details
4) For Companies
- Company Pan Card
- Memorandum/Articles of Association
- Ministry of Corporate Affairs incorporation certificate
- PAN Card(of directors)
- Address Proof(of directors)
- Bank account details
5) For Society
- Company Pan Card
- Memorandum/Articles of Association
- Ministry of Corporate Affairs incorporation certificate
- PAN Card(of directors)
- Address Proof(of directors)
- Bank account details
Who need to file GST returns?
Regular businesses with an annual turnover of more than Rs.5 million (and taxpayers not opting for the QRMP scheme), must file two monthly and one annual returns under the GST regime. This amounts to 25 annual returns(amount is subject to change, as per govt. guidelines).The QRMP scheme allows taxpayers with turnovers up to Rs.5 million to file returns. QRMP filers can file 9 GSTR returns per year. This includes 4 GSTR-1 and GSTR-3B return each, and an annual return. QRMP filers must pay tax monthly even though they file quarterly returns.
How many types of GST returns?
GSTR-1 – GSTR-1 is the return that must be submitted to report details of all outward deliveries of goods or services. It contains all invoices and debit-credit notes relating to sales transactions during a tax period. GSTR-1 must be filed by all taxpayers, even casual taxable persons, who are GST-registered.GSTR-2A – GSTR-2A, a dynamic and view-only GST return that is relevant to the buyer or recipient of goods and/or services, is available. It includes details about all inward supplies of goods or services, i.e. purchases made from GST registered sellers during a tax period.GSTR-2B – GSTR-2B, a static view-only GST return that is important for buyers and recipients of goods or services, is once again available. It is available each month starting in August 2020. It contains constant ITC data and can be retrieved at any time.GSTR-2 – GSTR-2, currently suspended, is a GST return that allows registered buyers to report inward supplies of goods or services. The purchases made within a tax period.
GSTR-3 – GSTR-3 is a suspended GST return. This was a monthly summary return that provided detailed information about all outward supplies made, received inward supplies, and input tax credit claimed. It also included details about the tax liability, taxes paid, and tax liabilities.
GSTR-3B – GSTR-3B is a monthly self declaration to be filed. It provides summarised information on all outward supplies made, input credit claimed, tax liability ascertained, and taxes paid.
GSTR-4 – GSTR-4 was the annual return to GST that was due to be filed by composition taxable persons by the 30th April following the relevant financial years. The GSTR-4 (annual return) has been replaced by the GSTR-9A (annual return) starting in FY 2019-20.GSTR-5 – GSTR-5 is the return that must be filed by non-resident foreign taxpayers who are GST-registered and conduct business transactions in India.GSTR-5A – GSTR-5A is a summary return to report the outward taxable supplies and tax due by Online Information and Database Access (OIDAR).
GSTR-6 – GSTR-6 is a monthly return that must be filed by an Input Service Distributor.
GSTR-7 – GSTR-7 is a monthly return that must be filed by those who are required to deduct TDS under GST (Tax deducted from source).GSTR-8 – GSTR-8 is a monthly return, which is filed by e-commerce operator who are required to collect tax at the source (TCS). GSTR-9 – GST taxpayers must file GSTR-9 every year. It must be filed by 31 December of each year, following the relevant financial years, according to the GST law.GSTR-9A – GSTR-9A, a suspended annual return that was previously required to be filed earlier by composition taxpayers, is currently being used. It was a consolidation of all quarterly returns that were filed during the financial year.GSTR-9C – GSTR-9C refers to the reconciliation statement that all GST-registered taxpayers must file if their turnover exceeds Rs.2 crore in a fiscal year.GSTR-10 – GSTR-10 must be filed by any taxable person whose registration was cancelled or surrendered. This is also known as a final return. It must be filed within three months of the cancellation or cancellation order.GSTR-11 – GSTR-11 is the form to be filled by individuals who have received a Unique Identity Number (UIN), in order to claim a GST refund for goods and services they purchased in India. UIN is used to identify foreign diplomatic missions and embassies that are not subject to Indian tax. It can be used for purposes of obtaining a refund of taxes. GSTR-11 will include details about inward supplies received, and the refund claimed.
Do i need to file GST every month?
Registered GST taxpayer has to file return mandatory. Even if there are no single transaction, you must file a Nil return.
Process to Register for GST Registration
- Fill up our online application form
- Mail documents at info@indiataxhub.in
- Choose payment option from list
- Our team will reach you soon to conduct GST Audit.