Step 8 A:- GST Return Filing

ST Return Filing

As discussed in Step no 5 (Get your registration required) Goods and Service Tax is a form of Indirect Tax imposed on specified services called “Taxable Services

Who needs to file the return?

Every registered Assessee (Who has taken ST Registration) required to File Goods and Service Tax Return Compulsorily for Goods and Service  Tax collected on “Taxable Services”

The assessee is required to submit the details of Services Provided, CENVAT Credit availed and Goods and Service  Tax paid to the Government, in the Return (Form ST-3). Bills raised by an assessee for Services provided, inclusive of Goods and Service Tax is the basis for Goods and Service Tax Return

In selected services, Like Insurance agents, Mutual fund companies or import of services even the Service Receiver is also liable to pay Goods and Service  tax and accordingly file the return

Input Credit

Services received or consumed in order to render the services are eligible for Input Credit. The Credit is taken as set off (deducted) from the Goods and Service Tax liability.

Due date to pa service tax

The assessee is required to pay the Net Goods and Service Tax liability within due date

The due date for Goods and Service payment is:
For April to Feb
5th of Next month or
6th of Next month (E-Payment)
For March 31st Mar

A penalty for Late payment

In case, assess fails to pay Goods and Service  Tax within due date, he will be paying penal interest @ 18% p.a. In case turnover is less than 50 Lakhs than interest rate will be 15%.

Due date to file Return

Then the Goods and Service  Tax Return is to be filled twice in a financial year (i.e. Half-year ending 30th September and 31st March)

The due date for filing return is as follows:-

For Half-year ending 30th September 25th October
For Half-year ending 31st March 25th April


In case of late filing of Return, a penalty will be applicable as explained below :
Period of delay from the due date Penalty
15 days Rs.500/-
Beyond 15 days but not later than 30 days Rs.1000/-
Beyond 30 days
Rs.1000/- plus Rs.100 for every day from 31st day till return is filed
Subject to a maximum of Rs.20,000/-