What is GST Return Filing?
GST return filing is the process of reporting your business’s monthly or quarterly transactions to the GST portal. It includes sales, purchases, output tax liability, and input tax credit claims.
Types of GST Returns
- GSTR-1 – Monthly/Quarterly sales data
- GSTR-3B – Summary return for tax payment
- GSTR-9 – Annual return
- GSTR-4 – Composition scheme return
- GSTR-7/8 – For TDS/TCS deductors
Who Needs to File GST Returns?
- Regular taxpayers
- Composition scheme dealers
- E-commerce sellers
- Input Service Distributors
- TDS/TCS deductors under GST
Consequences of Late Filing
- Late fees of ₹50 to ₹200 per day
- Interest @18% on late payment
- ITC mismatch & loss of credit
- Departmental notices & penalties
