📌 GST (Goods and Services Tax)

Goods and Services Tax (GST) is a unified indirect tax system implemented across India to replace multiple cascading taxes. Every business crossing the registration threshold must comply with GST norms for invoicing, filing, and payment.

📋 Why GST Compliance is Important?

• Mandatory for businesses over ₹40 lakh turnover (₹20 lakh for services)

• Required to claim Input Tax Credit (ITC)

• Enables legal business operation across states

• Avoid hefty penalties and notices

• Improves business credibility with clients and vendors

📅 GST Return Filing Due Dates (Regular)

Return Type

Frequency

Due Date

GSTR-1

Monthly

11th of next month

GSTR-3B

Monthly

20th of next month

CMP-08

Quarterly

18th of next month after quarter

GSTR-4

Annually

30th April

GSTR-9/9C

Annually

31st December (for FY ending Mar 31)

💼 Who Should File GST Returns?

• Businesses & Startups with GST Registration

• Freelancers, Service Providers, Online Sellers

• E-commerce vendors (Amazon, Flipkart, Shopify, etc.)

• Composition scheme dealers

• Exporters & Importers