GST Filing Charges

GST Filing Charges – Cost Considerations for Businesses

Complete Guide to GST Filing Charges in India

Introduction

Goods and Services Tax (GST) is an indirect tax system that was introduced in India on July 1, 2017. It has revolutionized the taxation structure by replacing various state-level taxes with a single tax regime. Under the GST system, businesses are required to file timely returns and adhere to specific rules and procedures. However, it is essential for businesses to be aware of the GST filing charges levied by the government to avoid any penalties or compliance issues. In this article, we will provide a comprehensive guide on GST filing charges in India.

Types of GST Returns and Charges

1. GSTR-1: GSTR-1 is a monthly or quarterly return filed by registered businesses to furnish details of their outward supplies of goods or services. The due date for GSTR-1 is the 10th of the following month, and the filing charges for each return range from ?50 to ?200 based on the number of transactions.

2. GSTR-3B: GSTR-3B is a summary return filed by businesses to declare their monthly or quarterly summary of inward and outward supplies, input tax credit claimed, and the tax payable. The charges for filing GSTR-3B are ?20 for NIL returns, and for businesses with tax liability, it is ?50 per return.

3. GSTR-9: GSTR-9 is an annual return filed by registered businesses to provide a summarized account of their annual transactions. The filing charges for GSTR-9 are ?200 for each return.

Late Filing Charges

Late filing of GST returns invites penalties, which are generally calculated on a daily basis from the due date until the date of actual filing. The late filing charges for GSTR-1, GSTR-3B, and GSTR-9 are ?200 per day (maximum ?5,000) for businesses having tax liability. For businesses with no tax liability, a late fee of ?100 per day (maximum ?5,000) is imposed.

Annual Aggregate Turnover and Composition Levy

The annual aggregate turnover is an important factor in determining the applicable GST filing charges. For businesses with an annual aggregate turnover of up to ?1.5 crores, nil charges are levied for GSTR-1 and GSTR-3B returns. However, the late filing charges mentioned above are still applicable.

For small taxpayers under the composition scheme, who are liable to file GSTR-4, the filing fees are ?200 per return. Late filing charges for composition taxpayers are ?20 per day, up to a maximum of ?2,000.

Reduced Filing Charges under Special Cases

The government has introduced certain measures to encourage timely compliance and reduce GST filing charges for specific scenarios. Some of these cases include:

1. Nil filing charges for businesses filing NIL returns under GSTR-3B.

2. Reduced fees of ?50 per return for GSTR-3B filed through self-declared logistics and facilities.

3. For filing NIL returns under GSTR-9 or GSTR-9A, no charges are applicable.

4. Businesses with ‘Nil’ GSTR-1, month-on-month, do not have to pay any filing charges.

Voluntary vs. Mandatory Compliance

While filing GST returns is mandatory for registered businesses, voluntary compliance offers numerous benefits. Businesses who voluntarily file their returns in GSTR-1 and GSTR-3B on time can avoid penalties and late filing charges. By maintaining consistent compliance, businesses can also build a positive reputation among customers and suppliers.

Conclusion

GST filing charges play a crucial role in ensuring the timely and accurate filing of returns by businesses in India. It is important for businesses to understand the various types of returns, the associated charges, and the consequences of late filing to avoid penalties. By complying with the GST filing requirements and paying the necessary charges, businesses can contribute to India’s vision of a transparent and efficient taxation system.,
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