GST Return Filing has to be done by each person who already has their GST Registration
GST is the system that simplifies indirect tax system India.GST Return Filing is mandatory GST Compliance need to be under GST regime. GST Return Filing must be filed by the taxperson registered under GST.GST return must be filed even if the zero has taken place.
Note: GSTR-10 Annual GST return must be filed by all GST registered entities on/before the 31st of December. (Other GSTR-5,6,7,8 and 9 required to be filed by different vendors)
|GSTR-1||Outward sales by business||Monthly||10th of the subsequent month|
|GSTR-2||Purchases made by Business||Monthly||15th of the subsequent month|
|GSTR-3||GST monthly return along with the payment of amount of tax||Monthly||20th of the subsequent month|
|GSTR-4||Quarterly return for GST||Quaterly||18th of the month quarterly|
|GSTR-5||Periodic return by Non-Resident foreign taxpayer.||Monthly||20th of the subsequent month|
|GSTR-6||Return for Input Service Distributor (ISD).||Monthly||15th of the subsequent month|
|GSTR-7||GST Return for TDS||Monthly||10th of the subsequent month|
|GSTR-8||GST return for e-Commerce suppliers||Monthly||10th of the subsequent month|
|GSTR-9||GST Annual Return||Monthly||31st December of next Financial year|
Yes, it possible to revise the return.
In case tax payer has not filed the return within the due date in that case the taxpayer will be penalized with late fee of Rs.100 per day upto Rs.5000 which the maximum amount.