{"id":1784,"date":"2023-05-25T03:22:12","date_gmt":"2023-05-25T03:22:12","guid":{"rendered":"https:\/\/dev.taxadwise.com\/?p=1784"},"modified":"2023-05-31T07:16:41","modified_gmt":"2023-05-31T07:16:41","slug":"gst-return-filing","status":"publish","type":"post","link":"https:\/\/dev.taxadwise.com\/gst-return-filing\/","title":{"rendered":"GST Return Filing"},"content":{"rendered":"\n<p>GST Return Filing in India is mandatory for all entities that have a valid GST registration, irrespective of business activity or sales. This document contains details of all income or expenses that a taxpayer must file with tax administrative authorities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Incorporation<\/h2>\n\n\n\n<p>A person with a valid GSTIN must file GST returns.<\/p>\n\n\n\n<p>Anyone whose annual turnover exceeds Rs. 20 lahks must obtain GST registration and file GST returns.<\/p>\n\n\n\n<p>In special states, the turnover limit for annual turnover is Rs. 10 lahks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Process<\/h2>\n\n\n\n<p>Businesses registered under GST must file monthly, quarterly, or annual GST returns based on their business.<\/p>\n\n\n\n<p>Four forms must be filed for GST returns: returns for supplies returns for purchases, monthly returns, and annual returns.<\/p>\n\n\n\n<p>Taxpayers must provide details of sales or purchases of goods and services, along with taxes collected and paid.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The due dates for filing the GST returns are as follows:<\/h2>\n\n\n\n<ul>\n<li>GSTR 1: The 11th of Subsequent of that month<\/li>\n\n\n\n<li>GSTR 3B: The 20th of that subsequent month<\/li>\n\n\n\n<li>CMP 08: 18th of the month succeeding the quarter of the specific fiscal year.<\/li>\n\n\n\n<li>GSTR 4: 18th of the month succeeding the quarter.<\/li>\n\n\n\n<li>GSTR 5: 20th of the subsequent month<\/li>\n\n\n\n<li>GSTR 6: 13th of the subsequent month<\/li>\n\n\n\n<li>GSTR 7: 10th of the subsequent month<\/li>\n\n\n\n<li>GSTR 8: 10th of the subsequent month<\/li>\n\n\n\n<li>GSTR 9: 31st December of the Fiscal year.<\/li>\n\n\n\n<li>GSTR 10: Within 3 months of the date of cancellation or the date of cancellation order whichever is earlier.<\/li>\n\n\n\n<li>GSTR 11: 28th of the month that is following the month for which the statement was filed.<\/li>\n\n\n\n<li>Documentation and Other Considerations<\/li>\n<\/ul>\n\n\n\n<p>GST return filing is necessary for even dormant businesses with valid GST registration.<\/p>\n\n\n\n<p>Implementation of GST in India has ensured taxpayer services like registration, returns, and compliance are aligned and accessible.<\/p>\n\n\n\n<p>Return Filing under the Composition Scheme:<\/p>\n\n\n\n<p>All persons registered under the Composition Scheme are required to pay taxes using CMP-08 every quarter and GSTR 4 to be filled annually through the GST Common Portal or a GST Facilitation Centre.<\/p>\n\n\n\n<p>GST return for those enrolled under Composition Scheme is due on the 18th of the month, succeeding a quarter.<\/p>\n\n\n\n<p>The GST return filed by a Composition Scheme supplier must include details of invoice-wise inter-State and intra-State inward supplies received from registered and unregistered persons and consolidated details of outward supplies made.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits of choosing&nbsp; for the GST returns:<\/h2>\n\n\n\n<ul>\n<li>Dedicated GST Advisor<\/li>\n\n\n\n<li>Reminder to file GST returns<\/li>\n\n\n\n<li>Monthly GST Status reports<\/li>\n\n\n\n<li>GST returns by LEDGERS<\/li>\n\n\n\n<li>GSTR- 1 and GSTR- 3B filing<\/li>\n\n\n\n<li>Input Tax Credit Reconciliation<\/li>\n\n\n\n<li>Standard accounting and cloud records<\/li>\n\n\n\n<li>LEDGERS GST Software<\/li>\n<\/ul>\n\n\n\n<p>Some of the features of LEDGERS are:<\/p>\n\n\n\n<ul>\n<li>GST Invoicing<\/li>\n\n\n\n<li>Payments<\/li>\n\n\n\n<li>Returns Filing<\/li>\n\n\n\n<li>Accounting<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Documents Required:<\/h2>\n\n\n\n<ul>\n<li>Invoice<\/li>\n\n\n\n<li>Purchase Invoices<\/li>\n\n\n\n<li>Bank Statement<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Pricing: Rs 500 onwards<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>GST Return Filing in India is mandatory for all entities that have a valid GST registration, irrespective of business activity or sales. This document contains details of all income or expenses that a taxpayer must file with tax administrative authorities. Incorporation A person with a valid GSTIN must file GST returns. Anyone whose annual turnover&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1784"}],"collection":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/comments?post=1784"}],"version-history":[{"count":3,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1784\/revisions"}],"predecessor-version":[{"id":2169,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/posts\/1784\/revisions\/2169"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/media\/2167"}],"wp:attachment":[{"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/media?parent=1784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/categories?post=1784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.taxadwise.com\/wp-json\/wp\/v2\/tags?post=1784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}