GST Return Filing In Vasai – CA Ashwinee Joshi & Associates

Types Of GST Returns
Navigating the array of GST returns can be daunting, but understanding their purpose and deadlines is essential for compliance. Here’s an overview of key GST returns and their requirements:

GSTR 1: Filed by normal taxpayers to report sales transactions, GSTR 1 must be submitted by specified due dates to avoid penalties.
GSTR 2 and Related Forms: GSTR 2 captures purchase details, while GSTR 2A and GSTR 2B provide additional insights. Understanding these forms is crucial for input tax credit (ITC) claims.
GSTR 3 and GSTR 3B: These returns summarize outward supplies, input tax credits, and tax liabilities, with GSTR 3B requiring monthly payment by specified deadlines.