GST Returns


GSTR 1

The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government, such as Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc.

GST offers benefits to the government, the industry, as well as the citizens of India. The price of goods and services is expected to reduce under the new reform, while the economy will receive a healthy boost. It is also expected to make Indian products and services internationally competitive.

Periodicity :

GSTR-1 is a monthly or quarterly return that should be filed by every registered dealer. It contains details of all outward supplies i.e sales. A dealer whose turnover for the preceding F.Y is more than 1.5 cr has to file their GSTR-1 on monthly basis, others shall file their GSTR-1 on quarterly basis.

Who should file GSTR-1?

Every registered person is required to file GSTR-1 irrespective of whether there are any transactions during the month or not.

The following registered persons are exempt from filing the return :

  • Input Service Distributors
  • Composition Dealers
  • Suppliers of online information and database access or retrieval services (OIDAR),
    who have to pay tax themselves (as per Section 14 of the IGST Act)
  • Non-resident taxable person
  • Taxpayer liable to collect TCS
  • Taxpayer liable to deduct TDS


GSTR 3B

Intro :

GSTR 3B is a simple return form introduced by the Government. A separate GSTR 3Bform has to be filed for each GSTIN. GSTR 3B form does not require invoice levelinformation. It only requires total values for each field, like a summary, for the month for which filing is done.Since taxpayers are not required to list invoice details on GSTR-3B, there is no process for matching invoices.However, if the total values of purchases and sales reported on GSTR-3B don’t match the values later reported on forms GSTR-1 for the corresponding months, taxpayers will be required to pay the additional GST, as well as penalties and interest.

Due date :

GSTR-3B must be filed by the 20th of the following month. For example, the due date for the December 2017 GSTR-3B is 20 January 2018.

Who should file GSTR 3B?

Every person who has registered for GST must file the return GSTR-3B on monthly basis including nil returns.

However, the following registrants do not have to file GSTR-3B:-

  • Input Service Distributors & Composition Dealers
  • Suppliers of OIDAR
  • Non-resident taxable person

Process :


GSTR1 :

  1. Send us details of sale (invoice wise to be given in excel format provided on site( link should be given))
  2. Provide us user id and password of your GSTN Portal
  3. After submission of details and while filling return you will receive OTP on registered email id and mobile no.
  4. Provide us the above said OTP and then your return will be filed.


GSTR 3B :

  1. Send us details of sale and purchase (invoice wise to be given in excel format provided on site(link should be given)
  2. Provide us user id and password of your GSTN Portal
  3. After submission of details and while filling return you will receive OTP on registered email id and mobile no.
  4. Provide us the above said OTP and then your return will be filed.

Advantages :

  • Uniformity in Taxation
  • Helping Government Revenue Find Buoyancy
  • Prevent Cascading of Taxes
  • Lowered Tax Burden
  • Higher efficiency with regards to the neutralisation of taxes so that exports are globally cmpetitive

What can go wrong :

The Joint Commissioner of SGST/CGST (or a higher officer) may have reasons to believe that in order to evade tax, a person has suppressed any transaction or claimed excess input tax credit etc. Then the Joint Commissioner can authorize any other officer of CGST/SGST (in writing) to inspect places of business of the suspected evader.

  • Customer will not be to claim input tax credit
  • Best judgement assessment can be initiated
  • Intrest and penalty will be leived on taxpayer.

Why KALOTI & LATHIYA ?

  • +400 return monthly and still counting
  • Specialised team of highly qualified professionals
  • A majestic and specifically dedicated team of +20 including FCA and ACA’s for timely completion of Audit..
  • +15 years experience in same filed.