What are GST Return Filing Charges in India?

Goods and Services Tax (GST) was introduced in India on 1st July 2017, with an aim to streamline the country's indirect taxation system. GST has replaced all the indirect taxes that were levied by the central and state governments. One of the essential aspects of GST is the GST return filing, which is a mandatory requirement for all businesses registered under GST. In this blog, we will discuss what GST return filing charges in India are.

GST return filing is the process of furnishing the details of all transactions and taxes paid to the government. Every registered business under GST has to file GST returns periodically. The GST return filing charges in India depend upon the type of return filed and the nature of the business.

The GST return filing charges are nominal and reasonable. The charges for filing GSTR-1 (outward supplies) and GSTR-3B (summary of outward and inward supplies) are free of cost. However, there are charges applicable for filing GSTR-4 (composition levy) and GSTR-5 (Non-resident foreign taxpayers). The charges for GSTR-4 filing are Rs. 250 per return, and for GSTR-5 filing, the charges are Rs. 5,000 per return.

Apart from these charges, there is also a late fee charged for the delay in filing the GST returns. The late fee for GSTR-3B is Rs. 50 per day of delay, subject to a maximum of Rs. 5,000. The late fee for GSTR-1 is Rs. 100 per day of delay for businesses with a turnover of up to Rs. 1.5 crores, and Rs. 200 per day of delay for businesses with a turnover of more than Rs. 1.5 crores.

In conclusion, the GST return filing charges in India are nominal and reasonable. The charges for filing GSTR-1 and GSTR-3B are free of cost, and the charges for filing GSTR-4 and GSTR-5 are nominal. However, businesses must file their GST returns on time to avoid any late fee charges. Filing GST returns is crucial for every registered business under GST, as it helps the government in tracking the transactions and taxes paid by businesses.