GST Return Filing involves the preparation and electronic submission of the prescribed returns under the GST law, including outward supply returns, summary returns and annual returns, after appropriate reconciliation of books and portal data.
Returns Covered
Services cover:
GSTR-1 (outward supplies)
GSTR-3B (summary return and tax payment)
GSTR-9 and GSTR-9C (annual return and reconciliation statement) where applicable
Other returns as prescribed for specific categories of taxpayers
Reconciliation Process
Key steps include:
Matching of outward supplies with books of account
Reconciliation of input tax credit with GSTR-2B
Identification and correction of mismatches
Computation of tax liability and interest where payable
Compliance Aspects
Timely and accurate filing supports continuity of input tax credit and reduces the risk of notices arising from data mismatches.