What Is The Procedure Of Filing Gst return?

By Author: Mohit Yadev
Total Articles: 74
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As a GST-registered business owner, you’re supposed to furnish details about your sales and purchases to the government in the GST portal. All these are to be done online. (Learn more about each GST Filing Utility here.)
By the 10th of every month, you have to input details about your outward supplies i.e. sales in the previous month. Your purchases (from the invoices uploaded by your vendors) will be available to you the next day in the GSTR-2A. You can make any corrections, if any, and file your GSTR-2 on the 15th.
Similarly, when your customers upload their GSTR-2, it will be available to you as GSTR-1A where you can make any adjustments, if necessary.
GSTR-3 is an auto-completed form based on your GSTRs 1 and 2. It should be filed on the 20th along with the tax payments.
On the 31 December, you’ll have to file an annual return for the previous year summarizing all your sales and purchases.

If you come under the composition scheme (in case of a small retail business that sells goods without an invoice), you need to file a quarterly return — the GSTR-4, on the 18th of the month in the ...
... next quarter.
Note: Late filing can be penalized with fee of Rs 100 per day upto a maximum of Rs. 5000.
The GST portal provides provisions to enter all these details. If you have large volumes of transactions, then you can consider uploading them as a CSV or XLSX file. If you’re using a GST-compliant accounting software like Zoho Books, you can file all your returns automatically on time.