GST Returns and Filings

As compared with VAT, GST demands a periodic and robust filing. Businesses are required to file the returns not only on time but Also in a most accurate way as there is no option to revise returns.

GSTR - 1 : Return For Outward Supply

GSTR - 1 : Return For Outward Supply

Filed Montly / Quarterly

Due Date :- 11th of next month for Monthly Filers
30th of Every Quarter for Quarterly Filers. Late Fees Applicable

Details Given :- Bill Wise details of Sales Made to Businesses and Customers including Debit Notes and Credit Notes, Advances Received. Details of your Sales Transactions.

This return helps the other suppliers claim GST Input credit and once you file this return, credit would be shown in customers portal.

GSTR - 3B : Summary Return For Purchases and Supplies

GSTR - 3B : Summary Return For Purchases and Supplies

Filed Montly

Due Date :- 20th of next month for Filers having turnover beyond 5 cr. State specific due dates for others.

Details Given :- Summary of Sales made net of all sales transactions, Payment of Reverse Charge and Claiming of Input Tax Credits.

This return helps you to pay taxes to the government on monthly basis. No supplier wise information given.