GST Compliance Services

Every registered person under GST will have to file returns. A registered person will have to file GSTR-3B monthly and GSTR-1 on monthly or quarterly basis depending upon the turnover of the person An ISD will have to file monthly returns showing details of credit distributed during the particular month. A person required to deduct tax (TDS) and persons required to collect tax (TCS) will also have to file monthly returns showing the amount deducted/collected and other details as may be prescribed. A non-resident taxable person will also have to file returns for the period of activity undertaken.

A registered person who files return beyond the prescribed date will have to pay late fees of rupees Twenty (Nil Return) and rupees fifty (having transaction) for every day of delay subject to a maximum of rupees five thousand. For failure to furnish Annual returns by due date, a late fee of Rupees One hundred for every day during which such failure continues subject to a maximum of an amount calculated at a quarter percent [0.25%] of his turnover in a state, will be levied.

Due date for filing GSTR-3B is 20th of every month after closing of month while GSTR-1 due date is 11th after closing of month for monthly return filer and 31st is the last date for quarterly return filer.

A normal registered taxpayer has to file the outward supply details in GSTR-1 in relation to various types of supplies made in a month, namely outward supplies to registered persons, zero rated, outward supplies to unregistered persons (consumers), details of Credit/Debit Notes, exempted and non-GST supplies, exports, and advances received in relation to future supply.