GST Return Filing is a mandatory compliance requirement for businesses registered under the Goods and Services Tax regime. Our expert chartered accountants ensure accurate and timely filing of all GST returns including GSTR-1, GSTR-3B, and annual returns. We handle complex calculations, input tax credit reconciliation, and maintain complete documentation to avoid penalties. With our comprehensive GST services, businesses can focus on growth while staying fully compliant with tax regulations and deadlines.
| RETURN TYPE | WHO SHOULD FILE THIS | MONTHLY /QUARTERLY/ANNUAL | INFORMATION TO BE REPORTED | TIME LIMIT | PENALTY OR LATE FEES FOR NON FILING |
|---|---|---|---|---|---|
| GSTR 4 | A dealer opting for the composition scheme is required to furnish only 1 return which is GSTR-4. | ANNUAL | All the invoices of sales pertaing to relevant year. | 30th of April following the relevant financial year. | A late fee of Rs. 200 per day is levied if the GSTR-4 is not filed within the due date. The maximum late fee that can be charged cannot exceed Rs. 5,000. |
| GSTR 5 | a return form that has to be filed by a non-resident foreign taxpayer who is registered under GST for the period during which they carry out businesses transactions in India. | MONTHLY | The taxpayer must file information and details of outward supplies and inward supplies. GSTR 5 return form includes expenses and incomes details. | GSTR 5 due date is 20th of every month | It is Rs. 100 under CGST & Rs. 100 under SGST. GSTR 5 penalty total will be Rs. 200/day. The maximum penalty will be Rs. 5,000 |
| GSTR 6 | The GSTR-6 form is a monthly return form required to be furnished by an input service distributor. | MONTHLY | ITC details (Input Tax Credit) received for distribution. Eligible/Ineligible ITC. | 13TH of the following month | The late fees have been reduced to Rs. 50 per day and Rs 20 per day (for nil return) |
| GSTR-7 | GSTR 7 is the return that has to be filed by the tax deductor about tax deducted at source. | MONTHLY | one needs to mention the details in respect of TDS deducted such as GSTIN of the deductee, total amount and TDS amount (CGST / SGST / IGST) | 10TH OF THE FOLLOWING MONTH | On late filing of GSTR-7, a late fee of Rs. 200 (100/- CGST + Rs. 100 SGST)/- per day (Maximum Rs. 5000/-) will be applicable. |
| GSTR-8 | A statement that must be filed e-commerce operators (those who build and operate online marketplaces that allow other vendors to sell their wares to customers) every month. | MONTHLY | In this section, one needs to mention the gross value of supplies made to registered persons and unregistered persons and value of supplies returned by such registered and unregistered persons. | 10TH OF THE FOLLOWING MONTH | On late filing of GSTR-7, a late fee of Rs. 200 (100/- CGST + Rs. 100 SGST)/- per day (Maximum Rs. 5000/-) will be applicable. |
