GST Return Filing
| BY WHOM GST RETURN IS TO BE FILLED | All the GST return is to be mandatorily filled by all the registered GST persons |
| TYPES OF FORM AND FREQUENCY FOR FILING | GSTR-3B – to be filled monthly GSTR-1 – To be filled Quarterly/Monthly GSTR-9 – To be filled Annually GSTR-2 – To be reviewed Monthly GSTR-2A –ITC reflected GSTR-4 - Quarterly(composition levy) |
| PROCEDURE OF FILLING GSTR-3B AND DUE DATES | 20th of the next month Procedure is as follows • Outward taxable supplies their taxes • ITC available and reflected • (can be claimed 10% of the ITC reflected; ITC to be claimed in the same head of CGST and SGST) • The liability need to be set off and GSTR-3B data to be saved and then return to be submitted through DSC /EVC. |
| PROCEDURE OF FILLING GSTR-1 AND DUE DATES | 30th of next month to the Quarter Procedure is as follows • Outward taxable supplies need to be classified into B2B,B2C and details are to be disclosed and another is bulk customer entry with rates • HSN code wise item summary need to be submitted • Compare with GSTR-3B reconcile and submit with DSC/EVC |
| PENALTY | In case of GSTR-3B • Late fees for GSTR-3B is Rs. 20 (Rs. 10 for CGST and Rs. 10 for SGST) per day for NIL returns • Rs. 50 (Rs. 25 for CGST and Rs. 25 for SGST) in other cases. • Maximum amount of penalty will be Rs. 10,000 (Rs. 5,000 for CGST and Rs. 5,000 for SGST)for every return. In case of GSTR-1 • Late fees for GSTR-1 is Rs. 100 (Rs. 50 for CGST and Rs. 50 for SGST) per day for NIL returns. • Rs. 200 (Rs. 100 for CGST and Rs. 100 for SGST) in other cases. • Maximum amount of penalty will be Rs. 10,000 (Rs. 5,000 for CGST and Rs. 5,000 for SGST)f or every return |
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