GST payments and refunds deal with the most sensitive part of GST compliance. Money. Businesses must pay GST after adjusting input tax credit and claim refunds where tax is paid in excess or credit accumulates. While the process is largely automated on the GST portal, mistakes in payment or refund claims are still common.Key TakeawaysGST payment is usually made while filing GSTR-3BNet GST payable is calculated after adjusting input tax creditInterest at 18% per year applies if GST is paid lateGST refunds must usually be claimed within two yearsRefund applications are filed online through Form GST RFD-01What is GST Payment and Refund?GST payment is the settlement of tax liability by a registered taxpayer under the GST law. A business collects GST from customers on sales.

To prevent tax evasion and corruption, the GST law has introduced Indian enterprises to strict provisions around offences such as penalties, prosecution, and arrest. The GST law has clearly defined descriptions of offences and the penalties levied in each scenario. This is important information for all businesses and tax professionals as an inadvertent mistake can cause severe consequences. This article explains all about offences, penalties, search, seizure, compounding of offences, arrest, appeals under GST.Key takeaways21 offenses are given under the GST law as per the CGST Section 122(1).If any of the offenses are committed, then a penalty will have to be paid under GST. The principles on which these penalties are based are also mentioned by law.The Joint Commissioner of SGST/CGST (or a higher officer) may have reasons to believe that in order to evade tax, a person has suppressed any transaction or claimed excess input tax credit etc. Offences and penalties under GSTOffencesThere are 21 offenses are given under the GST law as per the CGST Section 122(1), of which a few are listed below. The major offenses under GST are:Not registering under GST, even though required by law.

When a business doesn't file a GST (Goods and Services Tax) return or pay tax liability on time, the department will charge late fees and interest. Hence, understanding these aspects is important for businesses. This article covers all about interest and late fees under GST.Taxpayer Due Dates Under GSTThe due dates for GST returns depends on the type of taxpayer and return forms.Return Form under GSTDue DateGSTR-1 (Monthly)11th of the next monthGSTR-1 (Quarterly)13th of the month succeeding the quarterGSTR-3B (Monthly)20th of the next monthGSTR-3B (Quarterly)22nd or 24th of the month succeeding the quarter**CMP-08 (Quarterly)18th of the month succeeding the quarterGSTR-4 (Annual)30th of June succeeding the financial year for FY 2024-25(Previously 30th of April succeeding the financial year)GSTR-5 (Monthly)13th of the next monthGSTR-5A (Monthly)20th of the next monthGSTR-6 (Monthly)13th of the next monthGSTR-7 (Monthly)10th of the next monthGSTR-8 (Monthly)10th of the next monthGSTR-9 (Annual)31st December of the next financial yearGSTR-9B (Annual)31st December of the next financial yearGSTR-9C (Annual)31st December of the next financial yearGSTR-10 (One time)Within three months of the date of cancellation of the GST registration / date of cancellation order, whichever is later.ITC-04 (Annual/Half-yearly)25th April of the next FY, where AATO is up to Rs.5 crore, and 25th October of the same FY for Apr-Sep and 25th April of the next FY for Oct-Mar, where AATO exceeds Rs.5 crore**For the taxpayers with aggregate turnover equal to or below Rs 5 crore, eligible and remain opted into the QRMP scheme, 22nd of month next to the quarter for taxpayers in category X states/UTs and 24th of month next to the quarter for taxpayers in category Y states/UTs Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi.Please note: GST filings as per the CGST Act are subject to changes by CBIC notifications/orders.Interest on Late Payment of GSTInterest is applicable on late payment of GST liability on the net tax liability after reducing the input tax credit claims. Interest charges apply when a taxpayer does not pay the GST amount by the respective due date. (You can find the list of GST due dates in the section above).  The interest has to be paid by every taxpayer who:Makes a delayed GST payment i.e.

GSTR-9C is a form for annual GST reconciliation statement filed by applicable taxpayers. Every registered person whose aggregate turnover during a financial year (FY) exceeds Rs.5 crore rupees must file this form. They shall also furnish a copy of the audited annual accounts. Continue reading this article to learn all about the reconciliation statement in form GSTR-9C.Key TakeawaysGSTR-9C reconciles audited financials with GSTR-9 for turnover >₹5 crore taxpayers, filed per GSTIN by 31 Dec post-FYGSTR-9C reconciles audited financials (PAN-level) with GSTR-9 turnover, tax, and ITC per GSTIN for taxpayers >₹5 crore.​Self-certify discrepancies in Parts II-IV with reasons; pay additional liability via DRC-03.​Part V captures unreconciled tax/ITC shortfalls; due 31 Dec post-FY with audited accounts.​Exemptions apply to foreign airlines and OIDAR providers to unregistered persons.What is GSTR-9C?GSTR-9C is a statement of reconciliation between:The annual returns in form GSTR-9 filed for a FY, andThe figures as per the audited annual financial statements of the taxpayer.GSTR-9C consists of gross and taxable turnover as per the books reconciled with the respective figures as per the consolidation of all the GST returns for a FY. Hence, any differences arising from this reconciliation exercise will be reported in this statement, along with the reasons for the same and then certified by the taxpayer themselves. The certified statement shall be issued for every GSTIN.

Under GST, registered taxpayers including those registered under composition scheme have to file annual returns once a year. Accordingly, CBIC notified the GSTR-9 (for regular taxpayers) and GSTR-9A (for composition taxpayers) formats along with requisite instructions.However, department has scrapped GSTR-9A w.e.f FY 2019-20 and replaced it with revised GSTR-4. Hence, if you are a composition taxpayer, you must file GSTR-4 as a annual return.Key takeawaysGSTR-9A was the annual return for composition taxable persons. It was suspended replaced by GSTR-4 as the annual return.The deadline to file GSTR-9A is 31st December 2026 for FY 2025-26.What is GSTR-9A?GSTR-9A was the annual return that was filed once in a year by taxpayers who opted for the composition scheme under GST for a particular financial year up to FY 2018-19. It includes all the information furnished in the quarterly returns filed by the composition taxpayers during that financial year.GSTR-9A ApplicabilityAll taxpayers registered under the composition levy scheme under GST had to file GSTR-9A.

GSTR-6 is a monthly GST return that every Input Service Distributor must file for furnishing details of input service invoices on which credit has been received and needs to be distributed. Continue reading this article to know more about the GSTR-6 filing, due date to file GSTR-6, and its contents.Key takeawaysGSTR-6 is a monthly return for input service distributors under GST.File GSTR-6 by 13th of the month following the tax period.GSTR-6 contains details of input tax credit received by the ISD and distribution of the same.GSTR-6A is auto-generated for units/branches of such ISD containing details as provided by the suppliers of an Input Service Distributor in their GSTR 1.What is GSTR 6?GSTR 6 is a special monthly return that has to be filed by an Input Service Distributor. It contains details of ITC received by an Input Service Distributor and distribution of ITC. There are a total of 11 sections in this return.Why is GSTR 6 important?GSTR 6 contains details of all the documents issued for distribution of Input Tax Credit and the manner of distribution of credit and tax invoice on which credit is received. GSTR 6 has to be filed by every ISD even if it is a nil return.GSTR 6 Due DateGSTR-6 filing due date is the 13th of the month following the relevant tax period.

In April 2019, a new tax payment process was laid down for composition dealers to simplify compliance for them. Form CMP-08 was introduced in April 2019 and was made applicable from FY 2019-2020 onwards. It replaces the erstwhile quarterly GSTR-4 filed by composition dealers.What is Form CMP-08?A composition dealer will use the Form CMP-08, which is a special statement-cum-challan to declare the details or summary of their self-assessed tax payable for a given quarter. It also acts as a challan for making payment of tax. A composition dealer is a dealer who has been registered under the composition scheme laid down for both supply of goods and services. In addition to Form CMP-08, a composition dealer will also need to file his/her annual return via the revised format of Form GSTR-4 by the 30th of April following the end of a financial year.Who should file CMP-08?A taxpayer who has opted for the composition scheme has to file CMP-08 in order to deposit payments every quarter.

GSTR-2B is a new static month-wise auto-drafted statement for regular taxpayers (whether or not opted into the QRMP scheme) introduced on the GST portal. The statement was launched from the August 2020 tax period onwards.Latest Updates Union Budget 2025Amendments in Section 38 of the CGST Act, 2017*Section 38(1) is being amended to omit the expression "autogenerated" indicating that the ITC statement i.e. GSTR-2B may no longer be entirely system-generated. Businesses now might need to validate and reconcile invoices and ITC through Invoice Management System (IMS) rather than relying solely on system-generated data.*The decision will apply once the relevant notification is issued.Introduction to GSTR-2BGSTR-2B provides eligible and ineligible Input Tax Credit (ITC) for each month, similar to GSTR-2A but remains constant or unchanged for a period. In other words, whenever a GSTR-2B for a month is accessed on the GST portal, the data in it remains the same without being changed for subsequent changes by their suppliers in later months. GSTR-2B is available to all normal, SEZ and casual taxpayers.

GSTR-2A is a purchase-related tax return automatically generated for every business registered under the Goods and Services Tax (GST). It is a statement that captures details of all your purchases for a particular month. GSTR-2A is an automatic return generated for a taxpayer from the seller’s/counterparty's GSTR-1, GSTR-5, GSTR-6, GSTR-7, and GSTR-8.What is GSTR 2A?GSTR-2A is a purchase-related dynamic tax return that is automatically generated for each business by the GST portal. When a seller files his GSTR-1, the information is captured in GSTR 2A. It takes the information of goods and/or services that have been purchased in a given month from the seller’s GSTR-1.As a GST registered buyer, you may refer to the GSTR-2A for input tax credit details while filing GSTR-3B and GSTR-9.

GSTR-2 is a monthly return that allows the taxpayer to declare and summarise the details of inward purchases of taxable goods and/or services. However, the GSTR-2 form is currently suspended since September 2017 through amendment to the CGST Rules. In its place, GSTR-3B which is a return in a combined version of GSTR-2 and GSTR-3, is in use. For details about GSTR-3B, read our article “All about GSTR-3B return”. In this article, we discuss the various aspects of the erstwhile form GSTR-2.About GSTR-2 and its importanceUntil August 2017, every registered taxable person under GST was required to give details of inward supplies, i.e., purchases and Input Tax Credit (ITC) for every tax period in the form GSTR-2.GSTR-2 contains details of all the purchases transactions of a registered dealer for a month.