GST Returns, Thresholds & E-Invoicing Slabs
GST rules are highly dynamic, governed by the CBIC under the GST Council notifications. Reconcile returns with e-invoicing data and ledger credits before submitting.
| Compliance item | Current verified position | Key requirement |
|---|---|---|
| GST Annual Return (GSTR-9) | Mandatory for aggregate annual turnover > Rs. 2 Crore (voluntary for turnover <= Rs. 2 Crore). | Due date: Dec 31 of subsequent financial year. |
| GST Reconciliation (GSTR-9C) | Mandatory for aggregate annual turnover > Rs. 5 Crore. Self-certified reconciliation statement. | Due date: Dec 31 of subsequent financial year. |
| GST E-Invoicing Slabs | Mandatory for taxpayers with aggregate turnover exceeding Rs. 5 Crore in any preceding FY. | Required to generate IRN and QR code for B2B transactions. |
| GST Composition Scheme | Turnover limit of Rs. 1.5 Crore (goods) or Rs. 50 Lakh (services). Tax rate is 1% or 6%. | No ITC claim allowed, and no GST collection from customers. |
What a serious tax expert should verify
- Form GST RFD-11 (LUT): For zero-rated exports without tax payment, file RFD-11 before April 1 of each financial year.
- E-Way Bill validity: Mandatory for inter-state movement of goods > Rs. 50,000. Validity is 1 day per 200 km.
- ASMT-10 Notice replies: Scrutiny notice for ITC discrepancies (GSTR-3B vs 2B). Reply in Form ASMT-11 within 30 days.
- Section 17(5) ITC Reversals: Blocked credits (food, motor vehicles, employee perquisites) must be reversed to avoid penalty.
Documents to prepare for GST filings
- Sales registers showing taxable values and tax categories.
- Purchase registers matching GSTR-2B ITC inputs.
- Form GSTR-1 and GSTR-3B prior returns history.
- Active GSTIN portal credentials or authorized access.
GST Registration FAQ - Common Questions Answered: year and source check
Last fact-checked: 18 June 2026.
Direct and indirect tax laws, corporate filings, and compliance rules are subject to change by CBIC, MCA, EPFO, and RBI notifications. Always verify circulars before executing a transaction.
Use official government portals (such as GST portal, MCA V3, e-filing portal, and TRACES) first. Articles and competitor calculators should be treated as guidance, not legal advice.
FAQs
What is the turnover threshold for GST e-invoicing in India?
E-invoicing is mandatory for all taxpayers whose aggregate annual turnover exceeds Rs. 5 Crore in any preceding financial year (from 2017-18 onwards).
Who is required to file GSTR-9 and GSTR-9C?
GSTR-9 (Annual Return) is mandatory for taxpayers with annual aggregate turnover exceeding Rs. 2 Crore. GSTR-9C (Reconciliation Statement) is mandatory for taxpayers with turnover exceeding Rs. 5 Crore.
Can a composition dealer claim Input Tax Credit (ITC)?
No. Taxpayers registered under the GST Composition Scheme are not allowed to claim Input Tax Credit, nor can they issue a tax invoice or collect GST from their customers.
Frequently Asked Questions
1. Is GST registration mandatory for GST Registration FAQ?
GST registration is mandatory for GST Registration FAQ if your aggregate annual turnover exceeds ₹40 lakh for goods or ₹20 lakh for services (₹10 lakh/₹20 lakh for special category states). However, registration is compulsory regardless of turnover for e-commerce sellers, inter-state taxable suppliers, and businesses liable under reverse charge (RCM).
2. What are the key compliance requirements after obtaining GST registration for GST Registration FAQ?
Once registered for GST Registration FAQ, you must issue tax invoices conforming to GST rules, maintain detailed records, and file GSTR-1 (outward supplies) and GSTR-3B (monthly/quarterly summary return) on time. Failure to do so attracts late fees of up to ₹50 per day (₹20 for nil returns) and interest on delayed payments.
3. What documents are required to apply for GST Registration FAQ under GST?
You need to upload standard documents on the GST portal: PAN card of the business/promoter, Aadhaar card, proof of business registration, proof of business place occupancy (like electricity bill, rent agreement, NOC), and bank account details (bank statement/cancelled cheque).
4. Can I opt for the Composition Scheme for GST Registration FAQ?
Small taxpayers with aggregate turnover up to ₹1.5 crore (₹75 lakh for special states) can opt for the Composition Scheme under GST. It reduces tax compliance for GST Registration FAQ by allowing payment of tax at a flat rate (1% for manufacturers/traders, 5% for restaurants, 6% for service providers) without claiming Input Tax Credit (ITC).
5. How does Input Tax Credit (ITC) apply to GST Registration FAQ?
You can claim ITC on GST paid for goods or services purchased for business use under GST Registration FAQ. To claim it, you must possess a tax invoice, the supplier must have uploaded it in GSTR-1 (so it appears in your GSTR-2B), and you must have received the goods or services.
6. What is the due date for GSTR-1 and GSTR-3B filings?
GSTR-1 is due by the 11th of the next month (monthly filers) or the 13th of the month following the quarter (QRMP). GSTR-3B is due by the 20th of the next month (monthly filers) or the 22nd/24th of the month following the quarter (quarterly filers based on state).
7. Is GST applicable on export of services or goods?
Exports are treated as 'zero-rated supplies.' You can export without paying GST by filing a Letter of Undertaking (LUT) in Form GST RFD-11 before the start of the financial year, or pay IGST and claim a refund later.
8. What is a Letter of Undertaking (LUT), and how long is it valid?
An LUT is a document filed online by an exporter to export goods or services without paying tax. It must be filed online on the GST portal and is valid for one entire financial year (from April 1 to March 31).
9. What is the Reverse Charge Mechanism (RCM)?
Under RCM, the liability to pay GST shifts from the supplier to the recipient of goods or services. RCM applies to specific transactions like GTA, legal services by advocates, sponsorship, and import of services.
10. What is the penalty for late filing of GST returns?
The late fee is ₹50 per day (₹25 CGST + ₹25 SGST) up to a maximum cap (usually ₹2,00,000 or ₹5,000 depending on turnover). For nil returns, the late fee is capped at ₹20 per day (₹10 CGST + ₹10 SGST) up to a maximum of ₹500. Interest at 18% p.a. applies to late tax payments.
11. What is the difference between GSTR-2A and GSTR-2B?
GSTR-2A is a dynamic, real-time statement reflecting ITC from your suppliers' GSTR-1 filings. GSTR-2B is a static, month-wise statement generated on the 14th of the next month, which serves as the official document for determining eligible ITC for GSTR-3B.
12. What is GSTR-1A, and when should it be used?
GSTR-1A is an amendment utility introduced to edit or add invoice details in the same tax period before filing GSTR-3B. It helps ensure GSTR-1 and GSTR-3B figures reconcile correctly.
13. Can I amend a filed GST return?
GST returns cannot be revised once filed. However, errors or omissions in a GSTR-1 return can be amended in subsequent tax periods by reporting the changes in the amendment tables of the current month's GSTR-1.
14. What is an E-way Bill, and when is it mandatory?
An E-way Bill is an electronic document required for the movement of goods worth more than ₹50,000 (inter-state) or higher state-specific thresholds (intra-state). It must be generated on the E-way Bill portal before the goods are transported.
15. What is GST e-Invoicing? What is the current turnover limit?
E-invoicing is the reporting of business-to-business (B2B) invoices and export invoices to the government's Invoice Registration Portal (IRP) to generate a unique Invoice Reference Number (IRN) and QR code. It is mandatory for businesses with aggregate turnover exceeding ₹5 crore in any preceding financial year.