GST Return Filing is compulsory for every registered GST business, even if there's no transaction in a month.

“Common Types of Returns:”

  • GSTR-1: For outward supplies (sales), filed monthly or quarterly.
  • GSTR-3B: Summary return with tax payment.
  • GSTR-9/9C: Annual returns and reconciliation.
  • GSTR-4/5/7/8: For composition dealers, non-residents, TDS/TCS deductors, etc.

“Why Timely Filing Matters:”

  • Avoids late fees and penalties.
  • Maintains ITC (Input Tax Credit) flow.
  • Keeps business GST compliant

“Common Mistakes to Avoid:”

  • Ignoring NIL returns
  • Wrong HSN/SAC codes.
  • Delayed reconciliation with GSTR-2A/2B