Is GST Filing Mandatory Every Month?

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It is a comprehensive, multistage, and destination-based tax that was introduced in 2017. GST has replaced various indirect taxes such as service tax, VAT, and excise duty.

One question that frequently arises among business owners is whether GST filing is mandatory every month. The answer is that it depends on the type of business you are running and the turnover of your business.

If your business turnover exceeds Rs. 1.5 crore, GST filing is mandatory every month. This applies to both regular taxpayers and composition scheme taxpayers. Composition scheme taxpayers have a lower turnover limit of Rs. 75 lakh, and if their turnover exceeds this limit, they must file GST returns every month.

For businesses whose turnover is below Rs. 1.5 crore, GST filing is not mandatory every month. They have the option to file GST returns on a quarterly basis. However, it is important to note that the payment of tax must be made on a monthly basis.

Even if your turnover is below the mandatory threshold, it is still advisable to file GST returns every month. This will help you avoid any penalties that may be levied by the government. Additionally, it will also help you maintain proper records of your transactions and ensure that you are complying with all the relevant regulations.

In conclusion, GST filing is mandatory every month if your business turnover exceeds Rs. 1.5 crore. For businesses with a turnover below this threshold, GST filing is not mandatory every month but is still advisable. By filing your GST returns on time, you can avoid penalties and ensure that your business is complying with all the relevant regulations.