GST Return Filing

Key GST returns include GSTR-1 (outward supplies), GSTR-3B (summary return), GSTR-4 (composition dealers), GSTR-5 (non-resident taxpayers), GSTR-6 (ISD), GSTR-9 (annual return), and GSTR-9C (reconciliation statement for taxpayers above ₹5 crore). Each return has specific due dates and applicability.

GSTR-1 is due by the 11th of the following month for monthly filers (quarterly for QRMP scheme). GSTR-3B is due by the 20th of the following month. For quarterly filers under QRMP, GSTR-3B is due by 22nd or 24th of the month following the quarter depending on the state.

Late filing attracts late fees of ₹50 per day (₹25 CGST + ₹25 SGST) for GSTR-3B, capped at ₹10,000. For GSTR-1, late fees are ₹200 per day. Interest at 18% per annum is charged on tax paid late. Persistent non-filing may result in cancellation of GST registration.

No, GST returns cannot be revised once filed. However, corrections can be made in subsequent returns. For example, omissions in GSTR-1 can be included in the next month's return. It is crucial to ensure accuracy before filing to avoid compliance issues.

Quarterly Return Monthly Payment (QRMP) scheme allows taxpayers with turnover up to ₹5 crore to file GSTR-1 and GSTR-3B quarterly instead of monthly. They must pay tax monthly through challan PMT-06. This reduces compliance burden for small taxpayers.

GSTR-9 is the annual return consolidating all monthly/quarterly returns filed during the financial year. All registered taxpayers except casual taxable persons, ISD, non-resident taxpayers, and OIDAR service providers must file GSTR-9. It is due by December 31 following the financial year.

GSTR-9C is the reconciliation statement between audited annual accounts and GST returns. It is required for taxpayers with aggregate turnover exceeding ₹5 crore. It must be certified by a chartered accountant or cost accountant and filed along with GSTR-9.

Yes, taxpayers with no outward supplies, no input tax credit, and no tax liability can file nil returns. This is mandatory even if there are no transactions to maintain compliance and avoid late fees. Nil returns can be filed through a simplified process on the GST portal.

Mismatch between auto-drafted GSTR-2A/2B (inward supplies) and GSTR-3B may result in denial of input tax credit, scrutiny by tax authorities, and reversal of credit with interest. Regular reconciliation and correction of mismatches is essential for proper compliance.

E-invoicing is mandatory for businesses with turnover above ₹5 crore (₹10 crore for certain periods). It involves reporting invoices to the Invoice Registration Portal (IRP) to obtain an Invoice Reference Number (IRN) and QR code. E-invoices are automatically populated in GSTR-1 and recipient's GSTR-2A/2B.