Overview
GST compliance has become stricter, with auto-populated and increasingly locked GSTR-3B values, input tax credit allowed only as reflected in GSTR-2B, and a three-year time bar on filing old returns. A single mistake can lead to blocked credit, notices or interest. TaxBucket handles monthly and quarterly GST returns, reconciles purchases with GSTR-2B, tracks vendor compliance and responds to GST notices.
Who needs it?
- All GST-registered regular taxpayers
- Small taxpayers under the QRMP scheme
- Composition dealers
- E-commerce sellers and exporters
Key benefits
- Timely filing with no late fees or interest
- Maximum eligible input tax credit through reconciliation
- Fewer notices and mismatches
- Expert handling of amendments and GSTR-1A
- Clear monthly tax liability reports
Documents required
Checklist: keep these ready
- Sales invoices, credit and debit notes
- Purchase invoices and expense bills
- GSTR-2B and vendor details
- E-way bills and e-invoices (if applicable)
- Bank statements (for reconciliation)
- GST portal login access
Step-by-step process
- 1
Step 1
Collect sales and purchase data
- 2
Step 2
Reconcile purchases with GSTR-2B
- 3
Step 3
File GSTR-1 / IFF with invoice details
- 4
Step 4
Compute tax liability and ITC
- 5
Step 5
Pay tax and file GSTR-3B
- 6
Step 6
Monthly reports and annual return GSTR-9
Key facts: fees, timelines, due dates and penalties
- 1GSTR-1: 11th of the next month (monthly) or 13th of the month after the quarter (QRMP)
- 2GSTR-3B: 20th of the next month (monthly) or 22nd/24th after the quarter (QRMP, state-wise)
- 3Late fee: Rs 50 per day (Rs 20 per day for nil returns), capped by turnover slab; interest at 18% per annum on late tax
- 4Returns cannot be filed after three years from their due date
Why choose TaxBucket for GST Return Filing?
- 14+ years of experience in tax, GST, MCA and legal compliance
- ISO 9001:2015 certified company with a team of tax and compliance professionals
- Transparent pricing with no hidden charges
- End-to-end online process with a dedicated expert and regular status updates
- Office in South West Delhi; serving clients across India
Frequently asked questions
What happens if I miss a GST return?
Late fees and interest apply, the next return cannot be filed until the previous one is filed, and continuous default can lead to cancellation of registration.
Do I need to file GST returns if there is no business?
Yes. Nil returns must be filed for every period while the registration is active.
What is the QRMP scheme?
It allows taxpayers with turnover up to Rs 5 crore to file GSTR-1 and GSTR-3B quarterly while paying tax monthly through PMT-06.
Why is ITC reconciliation with GSTR-2B important?
Input tax credit can be claimed only for invoices reflected in GSTR-2B, so reconciliation ensures you claim the full eligible credit and avoid notices.
Get expert help with GST Return Filing today
Call +91 7838-000-475 or send your enquiry and our expert will get back to you.