The purpose of filing a GST return is to keep track of financial accounts throughout the year. This form must be submitted to the GST authorities.
Regardless of their business activity, sales, or profitability during the reporting period, all organizations having a valid GST registration must file a GST return. As a result, even if a company is inactive but has a valid GST registration, it must file GST returns.
A GST return is a document that details all of a taxpayer's inward and outward supply (i.e. purchases and sales) that must be reported to the GST authorities.
The 11th of the following month
The following month, on the 20th.
The 18th of the month after the quarter in question in the fiscal year.
The 18th of the month following the end of the quarter.
the 20th of the following month
The 13th of the following month
10th of the following month
The 10th of the following month
The financial year ends on December 31st
Within three months of the cancellation date
The statement is due on the 28th day of the month following the month in which it was filed.
Every month on the 11th,Taxpayers with monthly revenue of more than Rs.1.5 crores must file GSTR 1 returns on the 11th of each month.
Every quarter on the 13th Quarterly returns are due on the 13th of each quarter for taxpayers with a revenue of less than Rs.1.5 crore.
On the 18th of each quarter, taxpayers registered under the GST composition scheme with a turnover of up to 1 crore must file Form CMP-08.
April 30th GSTR 4 is due on the 30th of the month following the end of the financial year for which the composite taxpayer is filing the annual return.
December 31st The annual GST return for the financial year must be filed by December 31st. All entities must comply with this rule.
|GST Act||Normal Return||Nil Return|
|CGST Act||Rs 25 per day||Rs 10 per day|
|SGST/UTGST Act||Rs 25 per day||Rs 10 per day|
|IGST Act||Rs 50 per day||Rs 20 per day|
Every individual or company that is GST registered is obliged to file a GST return for the specified time. To comply with GST requirements, even those organizations with a GST registration but no activity must file a GST Nil Return.
The GST Department will track down all non-filers of GST returns and forward a list of non-filers to the relevant GST authorities for further investigation and action. Non-filers and late filers of GST returns would be subject to an automatic late fee under the GST statute.
All taxpayers must file a GSTR1 return under the GST, except an input service distributor, a non-resident taxable individual, a casual taxable individual, and an individual paying tax under the GST composition system.