Good Service Text (GST) Return
Filing GST returns is a statutory obligation for every registered taxpayer under the Goods and Services Tax regime. At CA Shubham Sudhir Gupta & Co., we ensure your GST compliance is timely, accurate, and hassle-free.
Who Needs to File GST Returns?
- Businesses with annual turnover above the GST threshold
- Start-ups and new registrants under GST
- Dealers under the Composition Scheme
- Entities involved in inter-state supply
- E-commerce operators and aggregators
- Exporters and importers
- Non-resident taxable persons operating in India
- Input Service Distributors (ISD)
Types of GST Returns & Their Purpose
- GSTR-1 – Monthly/Quarterly return for outward supplies (sales)
- GSTR-3B – Monthly self-declaration for summary of inward and outward supplies.
- GSTR-4 – Quarterly return for composition scheme taxpayers.
- GSTR-5 – Return for non-resident taxable persons.
- GSTR-6 – Return for Input Service Distributors (ISD).
- GSTR-7 – Return for TDS diductors under GST.
- GSTR-8 – Return for e-commerce operators for TCS collection.
- GSTR-9 – Annual return for regular taxpayers.
- GSTR-9C – GST Audit Reconciliation Statement (for businesses with turnover above threshold)
Documents Required for GST Return Filing
- GSTIN and login credentials
- Purchase and sales invoices (B2B and B2C)
- Debit and credit notes (if any)
- HSN/SAC codes for goods and services
- Details of input tax credit (ITC)
- Bank statements (if applicable)
- Previous return filings and challans
Benefits of Timely & Accurate GST Return Filing
- Claim Full Input Tax Credit (ITC)
- Avoid Late Fees, Penalties & Legal Notices
- Maintain High GST Compliance Rating
- Ensure Smooth Business Operations
- Build Credibility with Vendors & Customers
- Eligibility for Bank Loans & Tenders
Consequences of Non-Compliance
- ₹50/day late fee for NIL returns; ₹100/day for others
- Interest @ 18% p.a. on late tax payment
- Blocking of ITC if returns not filed
- GSTIN suspension or cancellation
- Difficulty in availing ITC and business financing
How We Handle Your GST Return Filing
- Initial Data Collection
We gather all necessary documents and financial records, including sales, purchases, invoices, and input tax credit details. - Detailed Review & Reconciliation
We carefully cross-verify your data with GST portal records (such as GSTR-2A/2B) to identify mismatches or discrepancies. - Accurate Return Preparation
Our team prepares the appropriate GST returns (GSTR-1, 3B, etc.) based on the nature of your business and filing frequency. - Client Review & Approval
Draft returns are shared with you for review and confirmation to ensure everything is accurate before submission. - Timely Online Filing
We file the approved returns promptly on the GST portal, ensuring compliance with due dates and legal requirements. - Post-Filing Monitoring & Support
After filing, we assist in tracking acknowledgments, managing notices (if any), and handling any future clarifications.