GST Filing & Advisory 

Who Files This?

Every person registered under GST law must file returns, irrespective of turnover (except composition taxpayers, who file quarterly).

Applicability Criteria

• Regular Taxpayers:

  • GSTR-1: Outward supply details.

  • GSTR-3B: Monthly summary return with tax payment.

  • GSTR-9/9C: Annual return & reconciliation (if turnover exceeds ₹5 crore, audit also required).

• Composition Scheme Dealers:

  • CMP-08: Quarterly return.

  • GSTR-4: Annual return.

• Special Cases:

  • GSTR-5 (Non-resident taxable persons).

  • GSTR-6 (Input Service Distributors).

  • GSTR-7 (TDS under GST).

  • GSTR-8 (TCS by e-commerce operators).

Why It Matters

GST filing ensures:

• Seamless flow of Input Tax Credit (ITC).

• Compliance with indirect tax laws.

• Avoidance of interest, penalties, and suspension of GST registration.

Process of Filing

1. Reconcile purchase and sales registers with GSTR-2B/3B.

2. File GSTR-1 (monthly/quarterly).

3. Pay tax and file GSTR-3B.

4. File annual returns (GSTR-9/9C).

Due Dates

• GSTR-1: 11th of following month (monthly), or 13th (quarterly).

• GSTR-3B: 20th/22nd/24th of following month (depending on turnover & state).

• CMP-08: 18th of month following quarter.

• Annual Return (GSTR-9/9C): 31st December following the FY.

Penalty for Non-Compliance

• Late fee: ₹50 per day (₹20 for nil returns) up to maximum ₹5,000.

• Interest: 18% p.a. on delayed tax payment.

• Suspension/cancellation of GST registration in severe cases.

How LTC Helps

• GST registration & compliance advisory.

• Monthly/quarterly filing of GSTR-1, GSTR-3B, CMP-08.

• Annual return preparation and reconciliation (GSTR-9/9C).

• End-to-end GST advisory including ITC optimization & litigation support