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Overview
All businesses registered under GST in India must file their returns regularly—monthly, quarterly, or annually—based on their turnover and business structure. Timely and accurate filing is crucial to avoid penalties and loss of Input Tax Credit (ITC). Taxocity simplifies this complex process with expert assistance, timely reminders, and digital tools, ensuring 100% compliance. We handle end-to-end filing, providing real-time tracking and document support so you can focus on growing your business.
Types of GST Returns & Their Purpose
Businesses file different GST returns based on their registration type, annual turnover, and tax liability. Each form serves a specific role in maintaining tax compliance and transparency.
Regular Returns (For Registered Taxpayers):
GSTR-1: Reports outward supplies of goods and services. Filed monthly or quarterly.
IFF (Invoice Furnishing Facility): Optional for QRMP scheme taxpayers, allows monthly invoice uploads for quarterly filers.
GSTR-3B: Monthly summary return for reporting net tax liability, tax paid, and claiming ITC.Returns for Composition Taxpayers:
CMP-08: Quarterly statement for self-assessing and paying tax.
GSTR-4: Annual return consolidating all quarterly CMP-08 filings.Annual and Final Returns:
GSTR-9: Annual return for businesses with turnover above ₹2 crores, requiring CA certification.
GSTR-9C: Reconciliation statement for businesses with turnover above ₹5 crores, certified by a CA.
GSTR-10: Final return for taxpayers whose GST registration is canceled.
Customer GSTIN
GST invoices (properly formatted)
Place of supply
B2B and B2C service invoices
Bill number
Credit or debit notes
HSN summary of goods sold
Amount of IGST, CGST, SGST applicable
Required GST return forms (e.g., GSTR-1, GSTR-3B)
Frequently Asked Questions
Find quick answers to the most common questions about our services
What is GST return filing?
GST return filing is the submission of a business’s sales, purchases, taxes paid, and input tax credits (ITC) in prescribed formats to tax authorities. It ensures proper ITC claims and compliance with GST laws.
What is GST return?
A GST return is a document that details all sales, purchases, tax collected on sales, and tax paid on purchases. Every GST-registered taxpayer (identified by a GSTIN) is required to file these returns with the tax authorities. The tax department determines the taxpayer’s net tax liability with these returns.
What is the composition scheme in GST?
The composition scheme allows small businesses with turnover up to ₹1.5 crores (₹75 lakhs for specific states) to pay a fixed percentage of turnover as tax instead of regular GST rates.
How many returns are there under GST?
There are 22 types of GST returns, but only a few apply to most taxpayers, such as GSTR-1, GSTR-3B, GSTR-9, and GSTR-4 (for composition taxpayers).
What are the consequences of missing GST filing deadlines?
Late filing attracts a penalty of ₹50 per day (₹20 for NIL returns) and 18% annual interest on unpaid tax. Continuous non-filing may lead to GST registration cancellation.
How much does it cost to file GST returns?
Costs vary based on the filing method:
Self-filing: ₹0 (only time cost)
Online platforms: ₹250 – ₹2,000 per month
Professional online CA consultation : ₹500 – ₹5,000 per returnWhat is the process for filing GST returns on the GST portal
Follow these steps to file GST returns on the GST portal:
Log in to www.gst.gov.in
Select the return type (e.g., GSTR-1, GSTR-3B)
Upload invoices and tax details
Preview, validate, and submit the return
Pay the required GST, if applicableCan GST returns be revised after submission?
No, GST returns cannot be revised. Corrections must be made in the next filing by adjusting errors in subsequent returns.
How does the QRMP scheme simplify GST filing?
The Quarterly Return Monthly Payment (QRMP) scheme allows taxpayers with turnover up to ₹5 crores to file GSTR-1 and GSTR-3B quarterly while making monthly tax payments, reducing compliance burden.
Who can opt for the quarterly return monthly payment (QRMP) scheme?
Businesses with an annual turnover of up to ₹5 crores can opt for QRMP to file returns quarterly instead of monthly while paying tax monthly.
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