The Ultimate Beginner’s Guide
Goods and Services Tax (GST) is a vital part of running a business in India. Filing GST returns is mandatory to remain compliant with tax regulations. However, the process can often seem complex and overwhelming. This guide is designed to simplify GST return filing, helping beginners complete their returns accurately and confidently.
What is GST Return Filing?
GST return filing involves submitting details of your sales, purchases, and tax payments to the government. Every business registered under GST must file returns periodically, based on their registration type and turnover.
Who Must File GST Returns?
If your business holds a GST registration, you are required to file GST returns. This includes:
Regular taxpayers
Composition scheme taxpayers
E-commerce operators
Input service distributors
Non-resident taxable persons
Types of GST Returns
Different businesses must file different types of returns. The most common GST returns are:
GSTR-1 – Monthly/quarterly return for outward supplies
GSTR-2A/2B – Auto-generated return for inward supplies
GSTR-3B – Monthly summary return for tax payments
GSTR-4 – Quarterly return for composition scheme taxpayers
GSTR-9 – Annual return summarizing all transactions
GSTR-10 – Final return after GST registration cancellation
How to File GST Returns: Step-by-Step
| Step | Description |
|---|---|
| Step 1: Collect Information | Gather accurate details of sales, purchases, and taxes paid. Ensure invoices are properly maintained. |
| Step 2: Log in to GST Portal | Access the official GST portal using your registered credentials. Navigate to the return filing section. |
| Step 3: Choose the Correct Return Form | Select the appropriate form based on your business type and filing frequency. |
| Step 4: Enter Transaction Details | Carefully input sales, purchases, and tax data. Cross-check with your invoices. |
| Step 5: Verify and Submit | Review all entered details before submitting to avoid errors and penalties. |
| Step 6: Pay Any Outstanding Tax | Settle any tax liabilities before final submission. |
| Step 7: Download Acknowledgment | After submission, download and save the acknowledgment for future reference. |
Common Mistakes to Avoid
Avoid these common errors when filing your GST returns:
Entering incorrect invoice details
Missing filing deadlines
Mismatched tax payment records
Failing to reconcile sales and purchases
Selecting the wrong return forms
Late Fees and Penalties
Delays in GST return filing can result in penalties:
Rs. 50 per day for normal returns
Rs. 20 per day for nil returns
18% per annum interest on outstanding tax
Why Hire a GST Return Filing Consultant?
Hiring a professional GST consultant can make a huge difference. Here’s why:
Accurate Compliance: Experts ensure all filings meet GST regulations, minimizing errors.
Penalty Prevention: Timely and correct filing reduces the risk of fines.
Saves Time: Focus on your business while professionals handle the paperwork.
Optimized Tax Planning: Consultants help you benefit from exemptions and input tax credits.
Expert Handling of Tax Notices: In case of notices from authorities, consultants provide professional support and resolution.
How to Choose the Right GST Consultant
When selecting a GST return filing consultant, consider:
Experience: Look for consultants with proven experience across industries.
Industry Knowledge: Choose someone familiar with your specific sector’s tax rules.
Reliability: Ensure they have a track record of timely and accurate filings.
Client Feedback: Check reviews and testimonials.
Transparent Pricing: Opt for clear, competitive pricing without hidden fees.
Important GST Return Filing Deadlines
Stay compliant by keeping track of these key deadlines:
GSTR-1: 11th of the next month (for monthly filers)
GSTR-3B: 20th of the next month
GSTR-4: 18th of the month after each quarter
GSTR-9: 31st December of the following financial year
Need Help with GST Return Filing?
At Shah Doshi, we specialize in making GST return filing seamless and stress-free. Our team of experts ensures complete accuracy, timely submissions, and strategic tax planning tailored to your business needs. Let us help you navigate tax complexities with confidence.
✅ Accurate Filing
✅ Timely Submissions
✅ Personalized Solutions
✅ Strategic Tax Planning
Contact Shah Doshi today for professional GST return filing services you can trust!
