GST Monthly Filing

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    GST Monthly Filing

    A document which furnishes all the purchases, sales, tax paid on purchases, and tax collected on sales and other related details is called the GST Return. The GST Return is required to be filed with the tax authorities following which the taxpayer has to pay off the tax liability. There are various types of GST Returns varying from monthly to quarterly and further to annually depending upon various schemes and conditions. Let us further know about GST monthly return filing.

    Eligibility

    All the taxpayers registered under GST laws are required to file GSTR-monthly except the following:

    • Taxpayers who have a Turnover up to Rs. 5 Crore in last financial year and have opted quarterly. – Composition Dealer – Input Service Distributor – Non- Resident Registered person – Person liable to deduct or collect tax under the CGST Act