Easy & Fast GST Return Filing using GimBooks

GST return filing is the process of submitting details of your business's sales and purchases made during a particular period to the GST authorities. Registered businesses file their GST returns online through the GST portal on a monthly, quarterly or annual basis, depending on their turnover and the nature of their business. The process involves reporting taxable supplies, tax collected, input tax credit claimed, and tax paid during the return period.

Select GST in the bottom navigation. 1) Log in with your GSTN username and password. 2) Enter the OTP for verification. 3) Let your GimBooks data sync (2–3 minutes based on your data). 4) Select the return type (GSTR-1 or GSTR-3B). 5) Check the data in Table 3.1, Table 3.2 and Table 4, then tap "Start Filing". 6) Tap "Create Challan". 7) Select a payment method and pay. 8) Swipe to file your GSTR. Congratulations — you have successfully filed your GST return!

You can file GSTR-1 and GSTR-3B from GimBooks.

GST returns are required for anyone who has a valid GSTIN. GST registration and filing of GST returns are mandatory for businesses with an annual turnover greater than Rs. 20 lakh. For special category states, the limit for annual turnover is Rs. 10 lakh.

The major GST returns are: GSTR-1 (outward supplies/sales, monthly or quarterly); GSTR-3B (monthly summary of sales and purchases); GSTR-4 (composition scheme taxpayers, quarterly); GSTR-5 (non-resident taxpayers, monthly); GSTR-6 (input service distributors, monthly); GSTR-7 (TDS deductors, monthly); GSTR-9 (annual return for all registered taxpayers); and GSTR-10 (final return, within three months of cancellation of registration).

GSTR-1: 11th of the following month (monthly) or 13th (quarterly filers); GSTR-3B: 20th of the following month; GSTR-4: 18th of the month following the quarter; GSTR-5: 20th of the following month; GSTR-6: 13th of the following month; GSTR-7: 10th of the following month; GSTR-9: 31st December of the following financial year; GSTR-10: within three months of cancellation of registration. Late filing may attract penalties and interest.

Late fee for GSTR-1/5/6/7/8 is Rs. 50 per day of delay (Rs. 25 per day for nil tax liability), up to a maximum of Rs. 5,000. For GSTR-3B it is Rs. 20 per day (Rs. 10 for nil) for turnover up to Rs. 5 crore, and Rs. 50 per day (Rs. 25 for nil) above that. GSTR-9/9C is Rs. 200 per day, capped at 0.25% of turnover. Interest is also charged on unpaid tax liabilities.

If a return is not filed by the due date, a penalty applies — for GSTR-1/5/6/7/8 it is Rs. 200 per day (Rs. 100 for nil), up to Rs. 5,000; for GSTR-3B a late fee of Rs. 20 per day (Rs. 10 for nil), up to Rs. 10,000; for GSTR-9/9C Rs. 200 per day capped at 0.25% of turnover. Interest on the unpaid tax liability also applies. File on time to avoid penalties and interest.

In GST return filing, "details of outward supplies" refers to information about the supplies made by the taxpayer to customers or other businesses, reported in GSTR-1. It includes invoice details (number, date, value); customer details (name and GSTIN); HSN/SAC codes; taxable value and tax amount; and place of supply. Accurate details help the recipient claim input tax credit and let the government verify tax liability.

It depends on the taxpayer type and turnover. Regular taxpayers file monthly (GSTR-3B by the 20th and GSTR-1 by the 11th of the following month). Composition scheme taxpayers file quarterly (GSTR-4 by the 18th after the quarter). Input service distributors, non-resident taxpayers and TDS deductors file monthly. Keep track of due dates to avoid penalties and interest charges.

GimBooks supports GST E-Payment Seva, UPI, NEFT and IMPS.