GST Return Compliances

At VETRI AUDIT SERVICES PRIVATE LIMITED, we specialize in ensuring accurate and timely GST return filings to help your business stay compliant, avoid penalties, and maximize your input tax credit (ITC). Whether you're a regular taxpayer, composition dealer, or an e-commerce operator, our expert team provides comprehensive assistance for all your GST compliance needs..

What Are GST Returns?

GST returns are periodic filings that every GST-registered business must submit to the government. These returns contain detailed records of:

• Outward supplies (Sales)
• Inward supplies (Purchases)
• Output GST collected and paid
• Input Tax Credit (ITC) claimed

Timely filing of GST returns is crucial to:

• Remain compliant with tax laws
• Claim eligible ITC
• Avoid interest, penalties, and legal scrutiny

Types of GST Returns & Their Due Dates

Return Form	Applicable To	Frequency	Due Date
GSTR-1	All regular taxpayers	Monthly/Quarterly	11th of next month (monthly) or 13th after quarter
GSTR-3B	All regular taxpayers	Monthly	20th of next month (QRMP varies)
GSTR-4	Composition scheme taxpayers	Annually	30th April of following FY
GSTR-5	Non-resident taxable persons	Monthly	13th of next month
GSTR-5A	OIDAR service providers	Monthly	20th of next month
GSTR-6	Input Service Distributors (ISD)	Monthly	13th of next month
GSTR-7	Tax Deductors (TDS)	Monthly	10th of next month
GSTR-8	E-commerce operators (TCS)	Monthly	10th of next month
GSTR-9	Annual return (Turnover > ₹2 Cr)	Annually	31st December of following FY
GSTR-9C	Reconciliation (Audit cases)	Annually	31st December of following FY

Key Compliance Requirements

1. GSTR-1 – Statement of Outward Supplies

• Discloses B2B, B2C, and export invoices, along with credit/debit notes.
• Must reconcile with GSTR-3B and auto-populated GSTR-2A/2B.

2. GSTR-3B – Summary Return

• Monthly summary of sales, purchases, tax liability, and ITC
• Mandatory for tax payment and reporting.

3. GSTR-2A & GSTR-2B – ITC Statements

• GSTR-2A is dynamic; GSTR-2B is a static monthly statement
• Used for matching supplier data and claiming accurate ITC.

4. QRMP Scheme (Quarterly Return Monthly Payment)

• For businesses with turnover up to ₹5 crore.
• GSTR-1 and GSTR-3B filed quarterly, with monthly tax payments via challan.

Penalties & Interest for Non-Compliance

Default	Penalty
Late GSTR-1 or GSTR-3B	₹50/day (₹20/day for NIL returns)
Late GSTR-9	Late GSTR-9 ₹100/day (₹100 CGST + ₹100 SGST)
Interest on tax delay	18% p.a. on unpaid tax
Wrong ITC claim	24% p.a. + full recovery of ITC

Best Practices for GST Compliance

• Reconcile GSTR-2B with purchase register every month.
• Match invoices with suppliers to avoid ITC mismatch and rejection.
• File NIL returns even with no activity to prevent default notices.
• Use offline utilities or GSP APIs for bulk uploads and validations.
• Monitor GST portal for notices, mismatches, or pending actions.

Upcoming Enhancements: Auto-Generated Returns

The Government is working on a simplified GST return filing system:

• GSTR-3B will be auto-drafted from GSTR-1
• Enhanced invoice-wise ITC matching
• Proposed compliance ratings for taxpayers

This will reduce errors and manual efforts but require real-time and accurate data maintenance.

How VETRI AUDIT SERVICES Helps You Stay Compliant

Our GST return services include:

• Monthly/quarterly filing of all GST returns
• Purchase register and GSTR-2B reconciliation
• ITC optimization and mismatch resolution
• Guidance for QRMP scheme and composition scheme compliance
• Handling GST notices and rectification of past errors
• Timely reminders and updates on GST changes

Contact VETRI AUDIT SERVICES PRIVATE LIMITED today to ensure stress-free and penalty-proof GST compliance.

• Email: eesuresh9@gmail.com
• Call: 7708484400
• Website: www.vetriauditservices.com

Stay Compliant. Stay Confident. Trust Vetri Audit.