GST
GST Return Filing
Timely and accurate filing of GST returns including GSTR-1, GSTR-3B and other periodic returns.
Overview
Every GST-registered business must file periodic returns reporting outward supplies, inward supplies, tax liability and input tax credit. The two primary returns for regular taxpayers are GSTR-1 (details of outward supplies) and GSTR-3B (summary return with tax payment).
Key Returns
- GSTR-1: Details of all outward supplies (sales) — due by 11th of the following month (monthly) or 13th of the month following the quarter (quarterly under QRMP)
- GSTR-3B: Summary return with tax payment — due by 20th of the following month (monthly) or 22nd/24th of the month following the quarter (quarterly)
- IFF: Invoice Furnishing Facility for quarterly filers to report B2B invoices monthly
What We Handle
- Sales data compilation and verification
- Purchase data reconciliation with GSTR-2B
- Input tax credit matching and eligibility review
- Tax liability computation
- Return preparation and filing on the GST portal
- Payment challan generation
Why Choose VSB Consultants?
We ensure your returns are filed accurately and on time, with proper reconciliation of sales, purchases and input tax credit. Our team flags discrepancies before filing to avoid future notices.
Requirements, documents, government fees, professional fees and timelines may vary depending on the applicant, jurisdiction, portal status and applicable law. The final scope will be confirmed after reviewing the specific case.
FAQ
Frequently Asked Questions
Late filing attracts a late fee of Rs 50 per day (Rs 25 CGST + Rs 25 SGST) for GSTR-3B and Rs 50 per day for GSTR-1, subject to maximum limits. Interest at 18% per annum is also applicable on outstanding tax.
The Quarterly Return Monthly Payment (QRMP) scheme allows taxpayers with turnover up to Rs 5 crores to file GSTR-1 and GSTR-3B quarterly instead of monthly, while paying tax monthly.
No, GST returns cannot be revised once filed. Corrections must be made in subsequent period returns. GSTR-1 amendments are made in the next period's return.
Input tax credit is reconciled by matching purchase data with the auto-populated GSTR-2B statement generated from suppliers' GSTR-1 filings. Discrepancies should be resolved with suppliers.
Get in Touch
Discuss Your Requirement
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