GST Return Filing
Everyone registered with GST act has to periodically supply the information of sales, purchases and tax paid and gathered thereon through submitting the return with GST authorities. Before submitting any return fee of tax due is pre-considered necessary otherwise such return will be invalid.
Process for Filing Returns
• Filing Form GSTR-1 for Monthly details of inwards supplies by 10th of the subsequent month
• Filing Form GSTR-2 for Monthly details of outward supplies by 15th of the subsequent month.
• Filing Form GSTR-3 for Monthly Filing of Return on 20th of the subsequent month
• Filing Form GSTR-8 for Annual Filing of Return on 31st December of next financial year.
Yes, it possible to revise the return.
GST Return must be filed by the entity registered under GST will have to file a. A NIL return has to be filed even if no purchase sales activity has been carried out during the return period.
In case tax payer has not filed the return within the due date in that case the taxpayer will be penalized with late fee of Rs.100 per day upto Rs.5000 which the maximum amount.
Can,I pay the due taxes after filing the return.