GST Returns

GST Return Filing in India

Every business registered under GST must file periodic returns reporting their sales, purchases, tax collected, and input tax credit claimed. These returns are filed on the GST portal and serve as the basis for your tax liability, ITC reconciliation, and government audits. Non-filing or late filing attracts penalties, interest, and eventually cancellation of your GST registration.

Verslas Guru’s in-house CA and compliance team manages your GST return filings end-to-end — from collecting and reconciling your sales and purchase data to filing on the portal and confirming compliance — so you can focus entirely on running your business.

Key GST Returns You Need to File

GSTR-1 — Outward Supplies Return. Reports all sales invoices, debit/credit notes, and advance receipts issued during the tax period. Filed monthly by the 11th of the following month, or quarterly under the QRMP scheme.

GSTR-3B — Monthly Summary Return. Covers outward supplies, ITC claimed, and net tax payable. All regular taxpayers must file this by the 20th of the following month (22nd/24th for certain states under QRMP).

GSTR-4 / CMP-08 — For businesses under the Composition Scheme. Quarterly return due by the 18th of the month following the quarter.

GSTR-9 — Annual Return consolidating the full year’s GSTR-1 and GSTR-3B data. Mandatory for taxpayers with annual turnover above ₹2 crore; optional below. Due by 31 December following the financial year.

GSTR-9C — Annual Reconciliation Statement required for taxpayers with turnover above ₹5 crore, certified by a Chartered Accountant or Cost Accountant.

GSTR-7 / GSTR-8 — Filed by entities deducting TDS under GST (GSTR-7) and by e-commerce operators collecting TCS (GSTR-8).

Penalty for Late or Non-Filing

Failing to file GST returns on time has direct financial consequences:

• Late fee: ₹50 per day (₹25 CGST + ₹25 SGST), capped at ₹5,000 per return
• Nil return late fee: ₹20 per day
• Interest on unpaid tax: 18% per annum from the original due date
• Registration cancellation: Sustained non-compliance can lead to GST registration being cancelled by the authorities
• E-way bill blockage: Businesses with pending returns cannot generate e-way bills, disrupting logistics

How Verslas Guru Handles Your GST Returns

• Collect and reconcile your monthly sales and purchase data
• Prepare and review GSTR-1 and GSTR-3B before filing
• Identify and maximise eligible Input Tax Credit via GSTR-2B reconciliation
• File all returns on the GST portal before the due date
• Provide monthly confirmation and tax liability summary
• Handle annual GSTR-9 and GSTR-9C filing
• Respond to GST notices and departmental queries on your behalf