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GST return filing is a mandatory process for all registered taxpayers to report their sales, purchases, tax collected, and tax paid. Filing GST returns ensures compliance with tax laws and helps claim input tax credit (ITC) effectively.
Even businesses with no activity must file ‘Nil GST Returns’ to avoid penalties and compliance issues.
Monthly & Quarterly GST Returns:
GSTR-1: For reporting outward supplies (sales).
GSTR-3B: Summary return for tax liability & ITC claims.
CMP-08: For composition scheme taxpayers (quarterly filing).
Annual GST Returns:
GSTR-4: For composition taxpayers.
GSTR-9: Consolidated yearly filing for regular taxpayers.
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