Download GSTR-2B
Extract monthly GSTR-2B data from portal
From GST registration to return filing, reconciliation to planning — we handle every aspect of your GST compliance so you can focus on growing your business.
Goods and Services Tax - India's unified indirect tax system
GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India. It replaced multiple cascading taxes like Excise Duty, VAT, Service Tax, and CST with a single unified tax system.
Implemented on July 1, 2017, GST follows the principle of "One Nation, One Tax, One Market" making India a unified market with seamless flow of goods and services.
GST registration is mandatory for:
• Turnover Threshold: Businesses with aggregate turnover exceeding ₹40 Lakhs (₹20 Lakhs for services, ₹10 Lakhs for special category states)
• Mandatory Categories: Inter-state suppliers, E-commerce operators, Casual taxable persons, Non-resident taxable persons, Agents of suppliers, Input Service Distributors, TDS/TCS deductors
• Voluntary Registration: Available for businesses below threshold for ITC benefits
Central GST collected by Central Government on intra-state supplies
State/UT GST collected by State Government on intra-state supplies
Integrated GST collected by Central Government on inter-state supplies
Additional cess on luxury and demerit goods like tobacco, automobiles
Complete guide to all GST return forms and their applicability
Details of all outward supplies (sales) made during the month/quarter.
Monthly summary return with payment of tax liability.
Consolidated annual return covering entire financial year.
Self-certified reconciliation statement (earlier audited by CA).
Annual return for composition scheme taxpayers.
Other GST returns for specific situations.
Never miss a deadline with our comprehensive due date calendar
| Return | Due Date | Description |
|---|---|---|
| GSTR-1 | 11th of next month | Outward supplies |
| GSTR-3B | 20th of next month | Summary & payment |
| GSTR-5 | 20th of next month | Non-resident person |
| GSTR-6 | 13th of next month | ISD return |
| GSTR-7 | 10th of next month | TDS return |
| GSTR-8 | 10th of next month | E-commerce TCS |
| Return | Due Date | Description |
|---|---|---|
| GSTR-1 (QRMP) | 13th after quarter | Quarterly outward |
| GSTR-3B (QRMP) | 22nd/24th after quarter | Quarterly summary |
| CMP-08 | 18th after quarter | Composition challan |
| GSTR-4 | 30th April | Composition annual |
| GSTR-9 | 31st December | Annual return |
| GSTR-9C | 31st December | Reconciliation (>₹5 Cr) |
Export goods & services without paying IGST
Letter of Undertaking (LUT) is a document filed by exporters to export goods or services without payment of IGST. Instead of paying IGST and claiming refund later, exporters can simply file LUT and export at zero tax.
LUT must be filed on the GST portal before the commencement of export and is valid for the entire financial year. A fresh LUT must be filed every year.
No need to pay IGST upfront and wait for refund
Export goods/services at 0% tax rate
One LUT covers all exports for the financial year
Accumulated ITC on inputs can be claimed as refund
Access www.gst.gov.in with your credentials
Services → User Services → Furnish LUT
Choose the year for which LUT is to be filed
Name, address, occupation of two witnesses
Sign and submit the LUT application
Save the LUT acceptance for records
Electronic waybill for movement of goods worth more than ₹50,000
Generate e-waybill before movement of goods on ewaybillgst.gov.in portal
Part-A contains invoice details, Part-B contains vehicle/transporter details
Extend validity if goods not delivered, cancel within 24 hours if not moved
Single e-waybill for multiple consignments in one vehicle
E-waybill is mandatory when:
E-waybill validity based on distance:
E-waybill not required for:
Match your purchase data with supplier's GSTR-1 to maximize ITC
GSTR-2B is an auto-generated statement available on 14th of each month showing ITC available based on supplier's GSTR-1 and IFF filings. Reconciling your purchase register with GSTR-2B ensures you claim correct ITC and avoid notices.
Ensure all eligible ITC is claimed without missing any
Prevent ITC mismatch notices from department
Find invoices not uploaded by suppliers
Ensure ITC claimed doesn't exceed GSTR-2B limit
Extract monthly GSTR-2B data from portal
Compare with your purchase register/books
Find missing, excess, and duplicate invoices
Contact suppliers, rectify errors, claim correct ITC
Strategic GST planning within the ambit of law to minimize tax burden
Correct HSN/SAC classification can significantly impact your tax liability.
Maximize legitimate Input Tax Credit while ensuring compliance.
Evaluate if composition scheme benefits your business structure.
Optimize GST through legitimate business restructuring.
Special provisions for international trade transactions.
Strategic handling of Reverse Charge Mechanism supplies.
Stay compliant to avoid heavy penalties and legal issues
Late filing of returns attracts late fee of ₹50/day (₹20 for Nil) per return, subject to maximum limits.
₹50/day CGST + ₹50/day SGSTInterest @18% per annum on tax payable for delayed payment. Interest @24% on undue ITC claimed.
18% - 24% per annumPenalty for tax evasion, fraud or suppression - 100% of tax amount or ₹10,000, whichever is higher.
100% of Tax / ₹10,000Non-filing of returns for 6 consecutive months can lead to suo-moto cancellation of GST registration.
Registration CancelledYour buyers cannot claim ITC if you don't file GSTR-1. Non-filers are also blocked from generating e-waybill.
Business ImpactPersistent non-compliance triggers departmental audit and scrutiny of past 5 years.
Scrutiny NoticeE-waybill generation blocked if GSTR-3B not filed for 2+ consecutive months.
Operations HaltSerious offences like fake invoices, tax evasion above ₹5 Cr attract imprisonment up to 5 years.
Up to 5 Years PrisonComprehensive GST compliance and advisory services
New registration, amendment, and cancellation of GSTIN for all types of taxpayers.
Timely filing of GSTR-1 and GSTR-3B with accurate data entry and reconciliation.
GSTR-9 annual return and GSTR-9C reconciliation statement preparation.
Annual LUT filing for exporters to export without IGST payment.
E-waybill generation, extension, cancellation and consolidated e-waybill.
Monthly reconciliation of purchases with GSTR-2B to ensure correct ITC claim.
Refund application for exports, inverted duty, excess cash balance and more.
Expert handling of GST notices, SCNs, demands and department communications.
Strategic GST planning, classification opinions, and compliance review.
Keep these documents ready for smooth GST compliance
Simple 5-step process for hassle-free GST compliance
Send invoices via WhatsApp or email
We verify and reconcile data
Calculate tax liability
Submit on GST portal
Share ARN & acknowledgment
Affordable GST compliance packages for every business
For small businesses with minimal transactions
Billed monthly
For growing businesses with regular compliance
Billed monthly
For large businesses with complex compliance
Billed monthly
Complete yearly compliance package
Including GSTR-9/9C
Find answers to common GST queries
GSTR-3B is due on the 20th of the following month for regular taxpayers with turnover above ₹5 crore. For taxpayers under QRMP scheme (turnover up to ₹5 crore), GSTR-3B is filed quarterly - due on 22nd or 24th of the month following the quarter depending on the state.
LUT (Letter of Undertaking) is filed by exporters to export goods or services without paying IGST. Any GST registered person who wants to make zero-rated supplies (exports or supplies to SEZ) without payment of tax needs to file LUT. It must be filed before the start of each financial year and is valid for the entire year.
E-Waybill is mandatory when goods worth more than ₹50,000 are being transported. For inter-state movement of goods, e-waybill may be required even for smaller values as per state-specific rules. E-waybill must be generated before the movement of goods begins on the e-waybill portal.
GSTR-2B is an auto-generated statement available on 14th of each month showing eligible and ineligible Input Tax Credit (ITC) based on your supplier's GSTR-1 filings. Reconciliation is crucial because under Rule 36(4), you can only claim ITC that reflects in GSTR-2B. Mismatches can lead to ITC reversal and notices.
Late filing attracts a late fee of ₹50 per day (₹25 CGST + ₹25 SGST) subject to a maximum of ₹5,000 per return. For Nil returns, the late fee is ₹20 per day (₹10 CGST + ₹10 SGST). Additionally, interest @18% per annum is charged on the tax amount payable for delayed filing.
GSTR-9 (Annual Return) must be filed by all regular GST registered taxpayers. However, it is optional for taxpayers with turnover up to ₹2 crore. GSTR-9C (Reconciliation Statement) is mandatory for taxpayers with turnover exceeding ₹5 crore. It is a self-certified reconciliation between GSTR-9 and audited financial statements.
QRMP (Quarterly Return Monthly Payment) scheme allows taxpayers with turnover up to ₹5 crore to file GSTR-1 and GSTR-3B quarterly instead of monthly. However, tax must be paid monthly using PMT-06. Taxpayers can also file Invoice Furnishing Facility (IFF) in the first two months of quarter for B2B invoices.
GST refund can be claimed through Form RFD-01 on the GST portal for various situations: export of goods/services with IGST payment, accumulated ITC due to inverted duty structure, excess cash balance in electronic cash ledger, or deemed exports. The application must be filed within 2 years from the relevant date.
Government portals and useful resources
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Disclaimer: The information provided on this page is for general informational purposes only and is based on the GST laws and rules as applicable in India. GST rates, due dates, and compliance requirements are subject to change based on government notifications. Users are advised to verify the latest provisions from official sources (www.gst.gov.in) and consult qualified tax professionals for specific advice. Wealth4India is not affiliated with the Government of India or any GST authorities.