Doc Summary
Overview
GST Return Filing is a mandatory compliance requirement under the Goods and Services Tax (GST) Act, 2017 for all registered taxpayers. It involves reporting details of sales, purchases, tax collected, and tax paid to the government. Filing returns ensures accurate tax accounting and enables businesses to claim input tax credit (ITC).
Timely and correct return filing helps maintain compliance, avoids penalties, and preserves business credibility.
Eligibility / Who Should File
- Every business registered under GST (including composition dealers and e-commerce sellers)
- Entities with GSTIN irrespective of turnover after registration
- Casual taxable persons, non-resident taxable persons, and input service distributors
Step-by-Step Process
- Data Preparation: Collect sales, purchase, and expense details for the relevant period
- Invoice Reconciliation: Match purchase and sales invoices for input tax credit accuracy
- Return Preparation: Generate GSTR forms based on transaction data
- Online Submission: File returns on the GST portal (gst.gov.in) using DSC or OTP verification
- Acknowledgment: Receive ARN (Acknowledgment Reference Number) confirming successful submission
Documents Required
- GSTIN and Login Credentials
- Sales & Purchase Invoices for the filing period
- Expense details with GST breakup
- Credit/Debit notes
- Bank Statement (for reconciliation, if required)
Timeline
- GSTR-1: 11th of next month (for outward supplies)
- GSTR-3B: 20th of next month (summary return)
- GSTR-9: Annually by 31st December
Kanoons assists in ensuring all returns are filed on time without errors.
Post-Filing Requirements
- Maintain invoice and filing records for minimum 6 years
- Verify auto-populated details on GST portal for correctness
- Regularly reconcile GSTR-2B data for ITC claims
- Track and respond to notices from the GST department, if any
Penalties for Non-Compliance
- Late filing fee: ₹50 per day (₹20 for NIL returns)
- Interest @18% per annum on outstanding tax
- Continuous default may lead to suspension of GSTIN or blocking of e-way bills
Kanoons Service
Kanoons Law & Tax Consultants Pvt. Ltd. offers professional GST return filing and compliance management services to keep your business fully compliant.
Our services include:
- Monthly Return Filing: GSTR-1, 3B, and quarterly composition returns
- Annual Return Filing: Preparation and submission of GSTR-9 and GSTR-9C
- Reconciliation: Cross-verification of ITC, turnover, and tax payments
- Error Rectification: Corrections and clarifications for mismatched data
- Compliance Tracking: Timely reminders and compliance dashboards
With Kanoons, all returns are filed by expert Chartered Accountants, ensuring zero penalties and 100% compliance.
Why Choose Kanoons
- Experienced team of GST specialists
- Monthly and annual filing packages available
- Real-time support and compliance reminders
- Transparent and affordable pricing
- Trusted by businesses across multiple sectors for ongoing GST management
