Simplify GST Return Filing with India’s Most Reliable Advisors
Never Miss a Deadline! File GST Returns Online Effortlessly
Annual Reconciliation Made Simple: GSTR-1 & GSTR-3B Accuracy Guaranteed
Validate HSN/SAC Codes, Verify GSTIN, and Prepare for Hassle-Free Audits
Avoid Penalties with Timely and Accurate GST Filing Services
Start GST Return Filing
File GST Returns Timely, Stay Compliant Seamlessly
Ensure compliance, reduce tax liability, and improve business credibility.
Stay
Penalty-Free
Filing on time ensures you avoid penalties and interest charges of up to 18% per year.
Late fees ranging from ₹100 to ₹5000 are levied for delayed submissions.
Keep Your Compliance Status Intact
Timely submissions prevent notices from the GST department and ensure a positive compliance record.
Regular filings reduce the risk of inconsistencies that can impact your business reputation.
Maximize Input Tax Credit (ITC)
On-time filing enables businesses to claim ITC without complications.
Deduct payable taxes on sales using taxes already paid on purchases, improving cash flow.
Access Government Benefits
Businesses that file regularly may qualify for government-backed incentives and faster refunds.
Avoid penalties and benefit from smoother processes for tax-related initiatives.
Enhance Business Credibility
Demonstrating compliance builds trust with stakeholders, consumers, and partners.
A strong reputation opens doors for growth and investment opportunities.
Ensure Smooth Business Operations
Timely GST filings help businesses avoid disruptions in operations, such as blocked e-way bills or GST registration cancellations.
Consistent compliance ensures seamless business transactions with vendors and clients.
Who is Eligible for GST Return Filing?
Below are the eligibility criteria for filing GST returns in India. Businesses and individuals registered under the Goods and Services Tax (GST) Act, 2017, must file GST returns based on their business type and transactions:
The checklist for registering a sole proprietorship in India are:
Regular Businesses - All businesses registered under the GST Act, 2017, are required to file GST returns.
Entities Under the Composition Scheme - Businesses registered under the composition scheme must file quarterly returns.
Input Service Distributors (ISD) - Individuals or entities distributing input tax credit (ITC) among branches.
TDS and TCS Deductors - Businesses or entities deducting Tax Deducted at Source (TDS) or Tax Collected at Source (TCS).
Supply Chain Operators - Businesses or individuals involved in running supply chains.
High Revenue Taxpayers - Taxpayers generating annual revenue exceeding ₹1.5 crore.
Non-Resident Businesses - Non-residential Indians conducting business with Indian citizens must file GST returns.
E-Commerce Operators - Online business owners or e-commerce corporations registered under GST.
Unique Identification Number (UIN) Holders - Individuals or entities with a UIN are required to file GST returns.
Mandatory NIL GST Returns - Filing a NIL GST return is compulsory, even if there is no business activity for a particular month.
Essential Documents for GST Return Filing
Note: The mentioned necessary documents might differ from state to state. Make sure to reach out to our experts for clear inputs. Here’s a detailed list of what you’ll need:
Customer GST Identification Number (GSTIN)
Unique GSTIN of your customers for proper filing.
Sales and Purchase Invoices
All GST invoices related to sales and purchases during the filing period.
Location of Supply
Information on where goods or services were supplied (place of supply).
Invoices for B2B and B2C Transactions
Separate invoices for Business-to-Business (B2B) and Business-to-Consumer (B2C) services.
Invoice/Bill Numbers
Sequential bill numbers issued during the filing period.
Issued Credit or Debit Notes
Details of all credit or debit notes linked to transactions.
HSN or SAC Code Summary
Summary of HSN codes for goods or SAC codes for services sold.
Tax Components Breakdown
Split details of IGST, CGST, and SGST for all applicable transactions.
Relevant GST Return Forms
Appropriate return forms like GSTR-1, GSTR-3B, GSTR-9, etc., as required.
GST Return Filing Checklist: Everything You Need to Know
Here’s a comprehensive checklist to ensure a smooth and accurate GST return filing process. Filing your GST returns online requires precise documentation and clarity on ITC (Input Tax Credit) claims.
Supply Bills - Ensure all supply bills related to sales or services are recorded and accurate.
GST Refund Details - Submit information on any refunds claimed under GST during the filing period.
Tax Invoices - Provide a complete list of all tax invoices issued for goods or services.
Pending Input Tax Credit (ITC) -Include details of any unclaimed or pending ITC.
Credit Notes or Cancelled Sales- Submit information on all credit notes issued and cancelled sales invoices.
Returned Goods Details - Provide information on goods returned by customers during the filing period.
Reverse Charge Mechanism (RCM) - Check and claim credit for taxes paid under the reverse charge mechanism.
Purchase Bill Verification - Cross-verify all purchase bills to ensure accuracy and consistency with tax invoices.
Reversed Sales Post-Payment - Record any sales that were reversed after GST payment.
GST Reversal on Purchases - Include information about any GST reversals made on purchases.
Types of GST Returns and Their Due Dates in 2025
Here’s the updated list of GST returns and their due dates for 2025
GSTR-1
Description: Filed to report details of outward supplies of goods or services.
Filing Frequency:
Monthly: Due on the 11th of the following month.
Quarterly: Due on the 13th of the month following the quarter.
Due Dates:
Monthly: January 2025 – December 2025.
Quarterly: October-December 2024 (13th January 2025), January-March 2025 (13th April 2025).
Applicable Period: January 2025 – December 2025 (monthly) or quarters of FY 2024-25 (quarterly).
GSTR-3B
Description: Filed as a summary return of outward supplies, input tax credit, and tax payments.
Filing Frequency:
Monthly: Due on the 20th of the following month.
Quarterly: Due on the 22nd or 24th of the month following the quarter (depending on the state).
Due Dates:
Monthly: January 2025 – December 2025.
Quarterly: October-December 2024 (22nd or 24th January 2025), January-March 2025 (22nd or 24th April 2025).
Applicable Period: January 2025 – December 2025 (monthly) or quarters of FY 2024-25 (quarterly).
CMP-08
Description: Filed by composition taxpayers as a statement-cum-challan for tax payment.
Filing Frequency: Quarterly.
Due Dates:
October-December 2024 (18th January 2025).
January-March 2025 (18th April 2025).
Applicable Period: Quarters of FY 2024-25.
GSTR-4
Description: Filed annually by composition taxpayers to report all their transactions.
Filing Frequency: Annually.
Due Date: 30th April 2025.
Applicable Period: FY 2024-25.
GSTR-5
Description: Filed by non-resident foreign taxpayers to report business transactions in India.
Filing Frequency: Monthly.
Due Dates: January 2025 (13th February 2025), February 2025 (13th March 2025), March 2025 (13th April 2025).
Applicable Period: January 2025 – December 2025.
GSTR-6
Description: Filed by input service distributors (ISD) to report distribution of input tax credit.
Filing Frequency: Monthly.
Due Dates: January 2025 (13th February 2025), February 2025 (13th March 2025), March 2025 (13th April 2025).
Applicable Period: January 2025 – December 2025.
GSTR-7
Description: Filed by entities deducting tax at source (TDS) to report tax deductions.
Filing Frequency: Monthly.
Due Dates: January 2025 (10th February 2025), February 2025 (10th March 2025), March 2025 (10th April 2025).
Applicable Period: January 2025 – December 2025.
GSTR-8
Description: Filed by e-commerce operators collecting tax at source (TCS) to report collections.
Filing Frequency: Monthly.
Due Dates: January 2025 (10th February 2025), February 2025 (10th March 2025), March 2025 (10th April 2025).
Applicable Period: January 2025 – December 2025.
GSTR-9
Description: Filed annually by regular taxpayers to summarize all transactions for the year.
Filing Frequency: Annually.
Due Date: 31st December 2025.
Applicable Period: FY 2024-25.
.
GSTR-9C
Description: Filed by taxpayers with an annual turnover above ₹5 crore as a reconciliation statement with certification.
Filing Frequency: Annually.
Due Date: 31st December 2025.
Applicable Period: FY 2024-25.
GSTR-10
Description: Filed as a final return after GST registration cancellation.
Filing Frequency: Once.
Due Date: Within three months of the cancellation date or order, whichever is later.
Applicable Period: As applicable.
.
GSTR-11
Description: Filed by taxpayers with UIN (e.g., embassies, consulates) to claim refunds on purchases.
Filing Frequency: Monthly.
Due Date: 28th of the following month.
Applicable Period: January 2025 – December 2025..
Step-by-Step Guide to GST Return Filing Process
Here’s how you can file your GST returns in India seamlessly with expert assistance:
Connect with Our Experts
Action: Book a consultation with our GST experts to address your queries.
Tip: If you’re not registered for GST yet, our experts can help you complete the GST registration process on time.
Prepare and Update Invoices
Action: Submit the necessary documents and provide key details, such as:
B2B invoices
B2C invoices
Input Tax Credit (ITC) details
Tip: Ensure accuracy in the provided details to initiate the GST return filing process smoothly.
GST Return Calculation and Filing
Action: Our team calculates the GST returns and files them on your behalf through the official GST portal.
Outcome: Once the filing is complete, you will receive an official acknowledgment for your records.
How Better GST Compliance Ratings Benefit Your Business
The GST compliance rating is a government-assigned score for registered businesses, reflecting their adherence to GST regulations. This score is determined by evaluating factors such as timely filing of monthly and annual returns, accurate tax payments, and proper utilization of input tax credits. A higher GST compliance rating not only demonstrates trustworthiness but also provides several benefits:
Enhanced Business Reputation
Vendors with better compliance ratings are viewed as reliable and trustworthy by their buyers. This improves their standing in the market and attracts more business opportunities.
Easier Vendor Selection for Buyers
Buyers can choose compliant vendors with good ratings to avoid potential issues caused by vendor non-compliance, ensuring smoother transactions.
Improved Input Tax Credit Eligibility
When buyers work with highly compliant vendors, they face fewer complications in claiming input tax credits, as their vendor's compliance score directly impacts the process.
Late GST Filing: Penalties and Financial Impacts Explained
Failure to file GST returns on time can lead to significant penalties and financial burdens, affecting a business's cash flow and profitability. Below are the details of penalties and interest for late GST return filing:
Interest on Outstanding Tax Amount
Interest is levied at 18% per annum on the outstanding tax amount. The interest is calculated from the day following the due date of filing until the date of payment.
Late Filing Fees
A late fee of ₹100 per day per Act applies, totaling ₹200 per day (₹100 under CGST and ₹100 under SGST). The late fees are capped at a maximum of ₹5,000.
Lastmin Advisors are Leading Experts in GST Returns
Filing GST returns is crucial for ensuring tax compliance. Here’s how Lastmin Advisors can make the process effortless for you:
Comprehensive GST
Compliance Support
Staying compliant with GST regulations is essential for your business’s financial health. Lastmin Advisors provides end-to-end support to ensure all your GST requirements are met without hassle.
Full-Service Assistance
from Start to Finish
From gathering documents to filing returns on the GST portal, Lastmin Advisors takes care of the entire process. Our team handles challenges, reduces your workload, and ensures a smooth and stress-free experience.
Transparent and
Clear Communication
Our team keeps you informed with regular updates on your GST return filing status. This ensures you’re always in the loop, empowering you to make well-informed business decisions. We guarantee timely filing to help you avoid penalties.
Expert Guidance and
Advisory Services
Beyond filing returns, our experts provide valuable insights and personalized guidance to optimize your GST compliance. We help you identify areas where you can claim Input Tax Credit and improve your tax strategy.
FAQS
Everything You Need to Know, We’ve Got You Covered