GST Return Compliance
GST return filing is a periodic statutory obligation reflecting outward supplies, inward supplies, tax liability, and input tax credit claims.
Key returns include:
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GSTR-1 (Outward supplies)
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GSTR-3B (Summary return)
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CMP-08 (Composition dealers)
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GSTR-4 (Composition annual return)
Accurate return filing requires reconciliation between:
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Sales register and GSTR-1
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Purchase register and GSTR-2B
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Tax liability and books of accounts
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E-way bill data and invoice records
Mismatch between returns and books may trigger notices. Late filing results in late fees and interest liability. A systematic reconciliation process ensures compliance accuracy and reduces scrutiny risk.