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.
How to Track GST Registration Status: 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.