Introduction

The QRMP Scheme (Quarterly Return Monthly Payment) was introduced under GST to ease the compliance burden of small and medium businesses. Under this scheme, eligible taxpayers can file GST returns quarterly while paying taxes monthly using PMT-06, and optionally report invoices through IFF.

This Saving Mantra guide explains what the QRMP scheme is, how PMT-06 and IFF function, who can opt for it, due dates, benefits, and key compliance points.

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What Is the QRMP Scheme?

The QRMP Scheme allows eligible GST-registered taxpayers to:

• File GSTR-1 and GSTR-3B quarterly
• Pay GST tax monthly
• Reduce return filing frequency without delaying tax payments

The scheme is designed to simplify GST compliance while ensuring steady tax collection for the government.

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Eligibility for QRMP Scheme

You can opt for the QRMP scheme if:

• Aggregate annual turnover is up to ₹5 crore
• You are a regular GST taxpayer
• Previous GSTR-3B has been filed

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Who Cannot Opt for QRMP Scheme?

• Composition scheme taxpayers
• Non-resident taxable persons
• Casual taxable persons
• Input Service Distributors (ISD)

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What Is PMT-06?

PMT-06 is a monthly challan-cum-statement used to pay GST tax under the QRMP scheme for the first two months of a quarter.

Purpose of PMT-06

• Deposit monthly GST liability
• Avoid interest and late fees
• Ensure timely tax payment

PMT-06 Due Date

• 25th of the following month
  • Example: April tax → Pay by 25th May

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Methods of Tax Payment Under PMT-06

1. Fixed Sum Method

• Auto-generated challan based on last GSTR-3B
• Suitable for businesses with stable turnover

2. Self-Assessment Method

• Taxpayer calculates actual liability
• Ideal for fluctuating sales businesses

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What Is IFF (Invoice Furnishing Facility)?

IFF allows QRMP taxpayers to upload B2B invoices monthly, even though GSTR-1 is filed quarterly.

Key Features of IFF

• Optional facility
• Helps buyers claim Input Tax Credit (ITC) on time
• Available for the first two months of the quarter

IFF Due Date

• 13th of the following month

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How QRMP, PMT-06 & IFF Work Together

Component	Purpose	Frequency
QRMP Scheme	Quarterly GST returns	Quarterly
PMT-06	Monthly tax payment	Monthly
IFF	Monthly B2B invoice upload	Optional

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Step-by-Step Working of QRMP Scheme

Step 1: Opt for QRMP Scheme

Login to GST portal → Services → Returns → Opt-in for QRMP.

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Step 2: Pay Monthly Tax via PMT-06

Pay tax for Month 1 and Month 2 of the quarter by the 25th.

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Step 3: Upload Invoices via IFF (Optional)

Upload B2B invoices by the 13th to pass ITC to customers.

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Step 4: File Quarterly Returns

• File GSTR-1 quarterly
• File GSTR-3B quarterly

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Benefits of the QRMP Scheme

• Reduced compliance burden
• Fewer return filings
• Better cash flow planning
• Timely ITC for customers
• Suitable for small businesses

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Common Mistakes to Avoid

• Missing PMT-06 payment deadlines
• Assuming IFF is mandatory
• Not filing quarterly GSTR-3B on time
• Incorrect tax calculation
• Ignoring GST notices under QRMP

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Why Choose Saving Mantra for QRMP Compliance?

• Expert GST compliance professionals
• PMT-06 calculation & filing support
• IFF invoice management
• Quarterly return accuracy
• GST notice handling & advisory

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Frequently Asked Questions (FAQs)

Is QRMP Scheme compulsory?

No, it is optional for eligible taxpayers.

Is PMT-06 mandatory?

Yes, monthly tax payment through PMT-06 is compulsory under QRMP.

Is IFF mandatory?

No, IFF is optional and mainly used to enable timely ITC for buyers.

Can I opt out of QRMP Scheme?

Yes, eligible taxpayers can switch back to monthly filing as per GST rules.

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Conclusion

The QRMP Scheme is a taxpayer-friendly GST initiative that balances compliance ease with timely tax payments. Understanding PMT-06 and IFF is essential to avoid interest, penalties, and ITC issues.

With proper planning and professional support, QRMP can significantly simplify GST compliance for small businesses.

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Disclaimer

This article is for informational purposes only and does not constitute legal or tax advice. GST laws and procedures are subject to change. Readers are advised to consult qualified GST professionals or contact Saving Mantra before taking any compliance-related decisions.

Introduction

The QRMP Scheme (Quarterly Return Monthly Payment) was introduced under GST to reduce compliance burden for small taxpayers. It allows eligible businesses to file GST returns quarterly while paying tax monthly using PMT-06 and optionally reporting invoices through IFF.

This Saving Mantra guide explains what the QRMP scheme is, how PMT-06 and IFF work, eligibility, due dates, benefits, and compliance best practices.

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What Is the QRMP Scheme?

The QRMP Scheme allows eligible GST-registered taxpayers to:

• File GSTR-1 and GSTR-3B quarterly
• Pay tax monthly using PMT-06
• Upload B2B invoices monthly through IFF (optional)

This scheme is designed for small businesses to reduce return filing frequency while maintaining regular tax payments.

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Who Is Eligible for the QRMP Scheme?

You can opt for the QRMP scheme if:

• Aggregate annual turnover is up to ₹5 crore
• You are a regular GST taxpayer
• GSTR-3B for the previous tax period has been filed

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Who Is Not Eligible?

• Composition scheme taxpayers
• Non-resident taxable persons
• Input Service Distributors (ISD)
• Casual taxable persons

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What Is PMT-06?

PMT-06 is a monthly challan-cum-statement used to pay GST tax under the QRMP scheme.

Purpose of PMT-06

• Deposit GST liability for the first two months of the quarter
• Avoid interest and late fees
• Maintain tax payment discipline

PMT-06 Due Date

• 25th of the following month
  • Example: April tax → Pay by 25th May

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Methods of Tax Payment Under PMT-06

1. Fixed Sum Method

• Auto-generated challan based on last filed GSTR-3B
• Ideal for businesses with stable turnover

2. Self-Assessment Method

• Taxpayer calculates actual tax liability
• Suitable for variable turnover businesses

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What Is IFF (Invoice Furnishing Facility)?

IFF allows QRMP taxpayers to upload B2B invoices monthly instead of waiting for quarterly GSTR-1.

Key Features of IFF

• Optional facility
• Helps recipients claim Input Tax Credit (ITC) on time
• Available for first two months of the quarter

IFF Due Date

• 13th of the following month
  • Example: April invoices → Upload by 13th May

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Relationship Between QRMP, PMT-06 & IFF

Component	Purpose	Frequency
QRMP Scheme	Quarterly returns	Quarterly
PMT-06	Monthly tax payment	Monthly
IFF	Monthly B2B invoice reporting	Optional

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Step-by-Step Working of QRMP Scheme

Step 1: Opt for QRMP Scheme

Login to GST portal → Services → Returns → Opt-in for QRMP.

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Step 2: Pay Monthly Tax via PMT-06

Pay tax for Month 1 and Month 2 using PMT-06 by the 25th.

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Step 3: Upload B2B Invoices via IFF (Optional)

Upload invoices by the 13th of next month to enable ITC for buyers.

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Step 4: File Quarterly Returns

• File GSTR-1 quarterly
• File GSTR-3B quarterly

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Benefits of QRMP Scheme

• Reduced return filing frequency
• Better cash flow management
• Lower compliance burden
• Timely ITC for customers using IFF
• Ideal for small and medium businesses

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Common Mistakes to Avoid

• Missing PMT-06 payment deadline
• Assuming IFF is mandatory
• Not filing quarterly GSTR-3B on time
• Incorrect tax calculation under self-assessment
• Ignoring GST notices under QRMP

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Why Choose Saving Mantra for QRMP Compliance?

• Expert GST advisory & compliance support
• PMT-06 tax calculation & filing
• IFF invoice management
• Quarterly return filing accuracy
• Notice handling & reconciliation support

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Frequently Asked Questions (FAQs)

Is QRMP scheme mandatory?

No, it is optional for eligible taxpayers.

Is PMT-06 compulsory under QRMP?

Yes, monthly tax payment using PMT-06 is mandatory.

Is IFF compulsory?

No, IFF is optional and used mainly to pass ITC to buyers.

Can I switch back to monthly filing?

Yes, eligible taxpayers can opt out as per GST rules.

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Conclusion

The QRMP scheme simplifies GST compliance for small businesses by reducing return filing frequency while ensuring regular tax payments through PMT-06 and flexible invoice reporting through IFF. Proper understanding and timely compliance are essential to avoid interest, penalties, and ITC issues.

Professional support ensures smooth implementation and stress-free GST compliance.

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Disclaimer

This article is for informational purposes only and does not constitute legal or tax advice. GST provisions and procedures are subject to change. Readers are advised to consult qualified GST professionals or contact Saving Mantra before taking any compliance-related decisions.

Introduction

GSTR-4 is a mandatory annual GST return for taxpayers registered under the Composition Scheme. Filing GSTR-4 correctly and on time is essential to remain compliant, avoid penalties, and continue enjoying the benefits of reduced tax rates under the scheme.

This Saving Mantra guide explains the step-by-step GSTR-4 filing process, eligibility, due dates, documents required, and practical tips to ensure smooth GST compliance.

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What Is GSTR-4?

GSTR-4 is an annual GST return filed by composition dealers declaring:

• Summary of outward supplies
• Tax payable and paid
• Inward supplies attracting reverse charge
• Import of services, if any

It replaces the earlier quarterly GSTR-4 return and is now filed once every financial year.

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Who Is Required to File GSTR-4?

GSTR-4 must be filed by:

• Taxpayers registered under the GST Composition Scheme
• Businesses opting for fixed tax rates under GST
• Eligible traders, manufacturers, and restaurants (non-alcohol)

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Who Is Not Required to File GSTR-4?

• Normal GST taxpayers
• Input Service Distributors (ISD)
• Casual taxable persons
• Non-resident taxable persons
• Taxpayers who opted out of the composition scheme during the year

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Due Date for GSTR-4 Filing

• 30th April following the end of the financial year
  (Example: FY 2024–25 → Due date 30 April 2025)

Late filing attracts penalties.

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Documents Required for GSTR-4 Filing

• GSTIN and GST portal login credentials
• Summary of outward supplies
• Purchase details under reverse charge
• Import of service details (if applicable)
• Tax payment details
• Bank statements (for reconciliation)

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Step-by-Step Process for Filing GSTR-4

Step 1: Login to GST Portal

Visit https://www.gst.gov.in and log in using your GST credentials.

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Step 2: Navigate to GSTR-4

Go to:
Services → Returns → Annual Return → GSTR-4

Select the relevant financial year.

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Step 3: Review Auto-Populated Details

Check details auto-filled from:

• CMP-08 statements
• GST payment records
• Registration profile

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Step 4: Enter Outward Supply Details

Declare:

• Total turnover
• Taxable outward supplies
• Exempt supplies (if any)

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Step 5: Declare Reverse Charge & Imports

Provide details of:

• Inward supplies under reverse charge
• Import of services (if applicable)

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Step 6: Tax Calculation & Payment

Verify tax liability:

• Composition tax payable
• Interest or late fees (if applicable)

Pay any pending dues through electronic cash ledger.

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Step 7: File GSTR-4

Submit the return using:

• DSC (for companies/LLPs)
• EVC (for proprietors/partnerships)

Once filed, an ARN is generated.

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Late Fees & Penalty for GSTR-4

• ₹200 per day (₹100 CGST + ₹100 SGST)
• Maximum late fee capped as per GST rules
• Interest applicable on delayed tax payment

Timely filing helps avoid unnecessary costs.

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Common Mistakes to Avoid

• Missing the annual due date
• Incorrect turnover declaration
• Ignoring reverse charge transactions
• Filing without reconciling CMP-08
• Not clearing tax dues before filing

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Benefits of Timely GSTR-4 Filing

• Continued eligibility for composition scheme
• Avoidance of penalties and notices
• Clean GST compliance record
• Smooth business operations
• Reduced scrutiny from GST authorities

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Why Choose Saving Mantra for GSTR-4 Filing?

• Expert GST compliance professionals
• Accurate annual return preparation
• CMP-08 and tax reconciliation support
• Notice handling assistance
• Affordable and transparent pricing

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Frequently Asked Questions (FAQs)

Is GSTR-4 mandatory for composition dealers?

Yes, all composition taxpayers must file GSTR-4 annually.

Can GSTR-4 be revised?

No, GSTR-4 cannot be revised once filed.

Is CMP-08 different from GSTR-4?

Yes, CMP-08 is a quarterly statement, while GSTR-4 is an annual return.

What happens if GSTR-4 is not filed?

Late fees, interest, and GST notices may be issued.

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Conclusion

GSTR-4 filing is a critical annual compliance for composition scheme taxpayers. Accurate reporting, timely filing, and proper reconciliation ensure continued benefits under the scheme and protect your business from penalties.

Professional assistance can simplify the process and ensure full compliance.

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Disclaimer

This article is for informational purposes only and does not constitute legal or tax advice. GST laws and compliance requirements may change from time to time. Readers are advised to consult qualified GST professionals or contact Saving Mantra before taking any action.

Introduction

Letter of Undertaking (LUT) is a crucial compliance requirement for exporters under GST. Filing an Annual LUT Bond allows eligible taxpayers to export goods or services without payment of IGST, ensuring smooth cash flow and compliance with GST laws.

This Saving Mantra guide explains the step-by-step LUT bond annual filing process, eligibility conditions, documents required, validity period, and common mistakes to help exporters remain fully compliant.

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What Is LUT Bond Under GST?

A Letter of Undertaking (LUT) is a declaration filed by exporters stating that they will comply with GST laws while exporting goods or services without paying IGST.

LUT is filed annually and is valid for the entire financial year.

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Who Is Eligible to File LUT?

You are eligible to file LUT if:

• You export goods or services without payment of IGST
• You supply to SEZ units or developers
• You have not been prosecuted for tax evasion exceeding ₹2.5 crore
• You are a regular GST registered taxpayer

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Who Is Not Eligible for LUT?

• Taxpayers prosecuted for serious GST offences
• Businesses with repeated non-compliance
• Taxpayers opting for export without LUT or bond approval

Such taxpayers must file a GST Bond with bank guarantee instead.

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Validity of LUT Bond

• Valid for one financial year
• Must be filed every year before making exports
• New LUT required even if previous year LUT was approved

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Documents Required for LUT Filing

• GST login credentials
• Valid GSTIN
• Authorized signatory details
• IEC (Import Export Code)
• Previous LUT details (if any)
• Digital Signature (DSC) or EVC access

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Step-by-Step Process for Annual LUT Bond Filing

Step 1: Login to GST Portal

Visit https://www.gst.gov.in and log in using your GST credentials.

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Step 2: Navigate to LUT Application

Go to:
Services → User Services → Furnish Letter of Undertaking (LUT)

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Step 3: Select Financial Year

Choose the relevant financial year for which LUT is being filed.

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Step 4: Fill LUT Declaration

Confirm the declaration stating:

• Exports will be completed within prescribed time
• GST laws will be complied with
• Tax liability will be paid if conditions are violated

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Step 5: Enter Witness Details

Provide:

• Name and address of two witnesses
• Place of filing

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Step 6: Verification & Submission

Submit the application using:

• DSC (mandatory for companies/LLPs)
• EVC (for proprietors/partnerships)

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Step 7: LUT Acknowledgement

Once submitted successfully:

• LUT is approved instantly
• ARN is generated
• LUT certificate can be downloaded from the portal

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Time Limit for Filing LUT

• Should be filed before making any export
• Recommended to file at the start of the financial year
• Delay may result in IGST payment requirement

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Post-LUT Compliance Requirements

After filing LUT, exporters must:

• File GST returns on time (GSTR-1, GSTR-3B)
• Realize export proceeds within allowed time
• Maintain export documentation
• Avoid GST defaults during the year

Failure may result in LUT withdrawal.

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Common Mistakes to Avoid

• Not filing LUT at the beginning of the year
• Entering incorrect financial year
• Using expired DSC
• Ignoring pending GST returns
• Proceeding with exports before LUT approval

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Benefits of Filing LUT Bond

• Export without IGST payment
• Improved cash flow
• Faster refunds
• Reduced compliance burden
• Smooth international trade operations

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Why Choose Saving Mantra for LUT Filing?

• Expert GST compliance team
• Error-free annual LUT filing
• Export advisory support
• DSC & portal handling
• End-to-end GST compliance assistance

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Frequently Asked Questions (FAQs)

Is LUT required every year?

Yes, LUT must be filed separately for each financial year.

Is LUT filing online or offline?

LUT filing is completely online through the GST portal.

Is bank guarantee required for LUT?

No, LUT does not require a bank guarantee.

Can LUT be filed after export?

No, LUT should be filed before making exports.

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Conclusion

Annual LUT bond filing is a mandatory compliance for exporters under GST to continue exporting without IGST payment. Timely and accurate LUT filing ensures uninterrupted exports, better liquidity, and legal compliance.

Professional handling helps avoid errors, rejections, and unnecessary tax payments.

Introduction

GST registration cancellation is required when a taxpayer is no longer liable to remain registered under GST law. Whether your business is closed, turnover falls below the threshold, or you have opted for a different tax structure, cancelling GST registration correctly is critical to avoid penalties, notices, and future compliance issues.

This Saving Mantra guide explains the step-by-step GST registration cancellation process, eligibility, documents required, timelines, and post-cancellation compliance in simple language.

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What Is GST Registration Cancellation?

GST registration cancellation means the taxpayer is no longer registered under GST and is not required to:

• Collect GST
• File GST returns
• Claim Input Tax Credit (ITC)

Once cancelled, the GSTIN becomes inactive.

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Who Can Apply for GST Cancellation?

You can apply for cancellation if:

• Business has been closed or discontinued
• Turnover is below GST threshold limit
• Business constitution has changed
• Registration obtained voluntarily but no longer required
• Migration from earlier tax regime not required
• Death of proprietor
• Business merged or transferred

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Types of GST Registration Cancellation

1. Voluntary Cancellation

Applied by the taxpayer via GST portal.

2. Cancellation by GST Officer

Due to non-filing of returns, fake invoices, or non-operation.

3. Legal Cancellation

Due to death, merger, or business transfer.

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Documents Required for GST Cancellation

• GSTIN
• Login credentials of GST portal
• Reason for cancellation
• Stock details (raw material, finished goods)
• Liability details (if any)
• Bank account details
• Authorization letter (if filed by consultant)

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Step-by-Step Process for GST Registration Cancellation

Step 1: Login to GST Portal

Visit https://www.gst.gov.in and log in using your GST credentials.

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Step 2: Navigate to Cancellation Application

Go to:
Services → Registration → Application for Cancellation of Registration

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Step 3: Fill Basic Details

Enter:

• Reason for cancellation
• Date from which cancellation is required
• Whether tax payable on stock

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Step 4: Provide Stock & Liability Details

Mention:

• Stock value held on cancellation date
• ITC reversal if applicable
• Outstanding tax, interest, or penalty

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Step 5: Update Bank Account Details

Enter correct bank details for any refund or adjustment.

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Step 6: Verification & Submission

Verify the application using:

• DSC (Companies/LLPs)
• EVC (Proprietorship/Firms)

Submit the application.

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Step 7: Acknowledgement & Tracking

You will receive an ARN (Application Reference Number) to track the status.

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GST Officer Review & Approval

• Officer may approve directly
• Or issue Show Cause Notice (SCN)
• Reply must be filed within 7 working days

Upon approval, GST cancellation order (FORM GST REG-19) is issued.

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Time Limit for GST Cancellation

• Application should be filed within 30 days of becoming liable
• Officer usually approves within 7–15 working days

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Post-Cancellation Compliance

Even after cancellation, you must:

• File Final Return (GSTR-10) within 3 months
• Clear pending tax liabilities
• Reverse ITC on closing stock (if applicable)

Failure may result in penalties.

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Common Mistakes to Avoid

• Not filing pending GST returns before cancellation
• Incorrect stock or ITC declaration
• Missing GSTR-10 filing
• Selecting wrong cancellation date
• Ignoring GST notices

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Why Choose Saving Mantra for GST Cancellation?

• Expert GST professionals
• End-to-end documentation handling
• Notice & compliance support
• Fast processing with accuracy
• Affordable professional fees

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Frequently Asked Questions (FAQs)

Is GST cancellation mandatory after business closure?

Yes, GST registration must be cancelled to avoid future penalties.

Can GST be cancelled online?

Yes, cancellation is fully online through the GST portal.

Is GST cancellation reversible?

Once cancelled, fresh registration is required to restart.

Is GSTR-10 compulsory?

Yes, final return filing is mandatory after cancellation.

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Conclusion

GST registration cancellation is a legally sensitive process that must be completed correctly to avoid penalties and future compliance issues. Filing accurate details, clearing dues, and completing post-cancellation returns are crucial.

For a smooth and error-free GST cancellation, professional support can save time, money, and legal stress.

Step-by-Step Guide for GSTR-1 Quarterly Filing

Small and medium businesses with lower turnover can opt for quarterly GSTR-1 return filing under the QRMP (Quarterly Return Monthly Payment) Scheme.
This reduces compliance frequency while maintaining regular GST payments.

This blog explains the complete step-by-step process for GSTR-1 quarterly return filing, including eligibility, due dates, and best practices.

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What Is GSTR-1?

GSTR-1 is a GST return that reports:

• Outward supplies (sales)
• B2B & B2C invoices
• Debit & credit notes
• Export and SEZ supplies (if applicable)

The data filed in GSTR-1 reflects in the buyer’s GSTR-2A / GSTR-2B.

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Who Can File GSTR-1 Quarterly?

You can file GSTR-1 quarterly if:

• Aggregate turnover is up to ₹1.5 crore
• You are a regular GST taxpayer
• You are enrolled under QRMP scheme
• You are not under composition scheme

Applicable to:

• Proprietorships
• Small traders
• Service providers
• MSMEs

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GSTR-1 Quarterly Due Dates

Quarter	Due Date
Apr – Jun	13th July
Jul – Sep	13th October
Oct – Dec	13th January
Jan – Mar	13th April

Late filing attracts penalties.

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Invoice Furnishing Facility (IFF)

Under QRMP:

• B2B invoices can be uploaded monthly using IFF
• Limit: ₹50 lakh per month
• IFF due date: 13th of next month

This allows buyers to claim ITC without waiting for quarterly filing.

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Documents Required for GSTR-1 Quarterly Filing

• Sales register (quarterly)
• B2B & B2C invoices
• Credit & debit notes
• Export invoices (if any)
• Accounting or billing software data

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Step-by-Step Process for GSTR-1 Quarterly Return Filing

Step 1: Login to GST Portal

• Login using:
  • GSTIN
  • Username
  • Password
  • Captcha

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Step 2: Select GSTR-1 Quarterly Return

• Go to Returns → Returns Dashboard
• Choose Financial Year & Quarter
• Click Prepare Online under GSTR-1

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Step 3: Enter Outward Supply Details

Fill in relevant tables:

• Table 4 – B2B invoices
• Table 5 – B2C (Large) invoices
• Table 7 – B2C (Others)
• Table 9B – Credit/Debit notes
• Table 6A – Export invoices (if applicable)

Ensure accuracy in invoice values and tax rates.

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Step 4: Review Summary

• Verify taxable value and tax amounts
• Match data with books of accounts
• Correct any errors before submission

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Step 5: Submit GSTR-1

• Click Submit
• File using:
  • DSC (Companies & LLPs)
  • EVC (Proprietors / Individuals)

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Step 6: Download Acknowledgement

• Download ARN & filed return
• Save for compliance and audit purposes

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Common Mistakes in GSTR-1 Quarterly Filing

• ❌ Missing IFF uploads for B2B invoices
• ❌ Incorrect GSTIN of customers
• ❌ Mismatch with GSTR-3B
• ❌ Wrong tax rate application
• ❌ Late filing of quarterly return

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Late Fee for GSTR-1 Quarterly Filing

Type	Amount
Late Fee	₹50 per day
Nil Return	₹20 per day
Maximum	₹10,000

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Benefits of Quarterly GSTR-1 Filing

• Reduced compliance burden
• Lower filing frequency
• Suitable for small businesses
• Simplified documentation

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How Saving Mantra Helps with GSTR-1 Quarterly Filing

Saving Mantra provides complete GST compliance support, including:

• Quarterly GSTR-1 filing
• IFF monthly uploads
• Invoice validation & reconciliation
• GSTR-1 vs GSTR-3B matching
• Compliance reminders & dashboards

✔ Accurate reporting
✔ Timely filing
✔ Expert GST review

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Frequently Asked Questions (FAQs)

Q1. Is GSTR-1 quarterly filing mandatory under QRMP?
Yes, for eligible taxpayers opting for QRMP.

Q2. Can I switch from quarterly to monthly filing?
Yes, option can be changed at the beginning of the financial year.

Q3. Is GSTR-1 required if there are no sales?
Yes, a Nil GSTR-1 must be filed.

Q4. Does quarterly GSTR-1 delay ITC for buyers?
No, if B2B invoices are uploaded monthly using IFF.

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Disclaimer

This article is for informational purposes only. GST laws, QRMP rules, due dates, and return filing procedures are subject to change based on government notifications. Always verify details from the official GST portal or consult a qualified GST professional before filing returns. Saving Mantra shall not be responsible for actions taken based on this content without professional advice.

Step-by-Step Guide for GSTR-1 Monthly Filing (Above ₹1.5 Cr)

Taxpayers with annual turnover exceeding ₹1.5 crore are required to file GSTR-1 on a monthly basis.
GSTR-1 is a critical GST return that reports outward supplies (sales) and directly impacts customers’ Input Tax Credit (ITC).

This guide explains the complete step-by-step process for GSTR-1 monthly return filing, along with due dates, required data, and common mistakes.

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What Is GSTR-1?

GSTR-1 is a GST return used to declare:

• B2B sales invoices
• B2C sales (large & small)
• Debit & credit notes
• Export & SEZ supplies (if applicable)

The data filed flows into the buyer’s GSTR-2A / GSTR-2B.

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Who Must File GSTR-1 Monthly?

You must file GSTR-1 monthly if:

• Aggregate turnover is above ₹1.5 crore
• You are a regular GST taxpayer
• You are not under the composition scheme

Applicable to:

• Companies
• Large traders
• Manufacturers
• Service providers
• Growing MSMEs

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GSTR-1 Monthly Due Date

Return	Due Date
GSTR-1 (Monthly)	11th of the next month

Late filing attracts penalties and may block buyers’ ITC.

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Documents Required for GSTR-1 Monthly Filing

• Sales invoices (B2B & B2C)
• GSTIN of customers (for B2B)
• Debit & credit notes
• Export / SEZ invoice details (if any)
• Accounting or billing software reports

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Step-by-Step Process for GSTR-1 Monthly Return Filing

Step 1: Login to GST Portal

• Login using:
  • GSTIN
  • Username
  • Password
  • Captcha

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Step 2: Open GSTR-1 Return

• Go to Returns → Returns Dashboard
• Select Financial Year & Month
• Click Prepare Online under GSTR-1

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Step 3: Enter Outward Supply Details

Fill relevant tables:

• Table 4 – B2B invoices
• Table 5 – B2C (Large) invoices
• Table 7 – B2C (Others)
• Table 9B – Credit/Debit notes
• Table 6A – Export invoices (if applicable)

Ensure invoice values and tax rates are accurate.

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Step 4: Review Auto-Generated Summary

• Check taxable value & GST amounts
• Match with sales register
• Correct errors before submission

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Step 5: Submit GSTR-1

• Click Submit
• File return using:
  • DSC (Companies & LLPs)
  • EVC (Proprietors / Individuals)

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Step 6: Download Acknowledgement

• Download ARN & filed return
• Save for compliance and audit records

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Common Mistakes in Monthly GSTR-1 Filing

• ❌ Incorrect customer GSTIN
• ❌ Duplicate or missing invoices
• ❌ Wrong tax rate application
• ❌ Mismatch with GSTR-3B
• ❌ Late filing affecting customer ITC

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Late Fee for GSTR-1

Type	Amount
Late Fee	₹50 per day
Nil Return	₹20 per day
Maximum	₹10,000

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Importance of Timely GSTR-1 Filing

• Ensures smooth ITC for customers
• Prevents GST notices
• Avoids late fees
• Maintains strong GST compliance record
• Mandatory for uninterrupted GST operations

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How Saving Mantra Helps with GSTR-1 Monthly Filing

Saving Mantra provides end-to-end GST compliance services, including:

• Monthly GSTR-1 preparation & filing
• Invoice validation & reconciliation
• GSTR-1 vs GSTR-3B matching
• Error rectification & amendments
• Compliance reminders & dashboards

✔ Accurate invoice reporting
✔ On-time filing
✔ Expert GST review

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Frequently Asked Questions (FAQs)

Q1. Is monthly GSTR-1 mandatory above ₹1.5 crore?
Yes. Quarterly filing is not permitted above this threshold.

Q2. Can GSTR-1 be revised after filing?
No. Errors must be corrected in subsequent returns.

Q3. Is GSTR-1 mandatory even if there are no sales?
Yes. A Nil GSTR-1 must be filed.

Q4. Does late GSTR-1 affect buyers?
Yes. Buyers may not receive ITC until GSTR-1 is filed.

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Disclaimer

This article is for informational purposes only. GST laws, thresholds, due dates, and return filing procedures are subject to change based on government notifications. Always verify details from the official GST portal or consult a qualified GST professional before filing returns. Saving Mantra shall not be responsible for actions taken based on this content without professional advice.

Step-by-Step Guide for GSTR-9C Return Filing

GSTR-9C is a GST reconciliation statement and audit certification that bridges the gap between annual GST returns (GSTR-9) and audited financial statements.

It is a critical compliance document that ensures accuracy, transparency, and audit readiness under GST law.

This blog explains the complete step-by-step process for GSTR-9C return filing, including applicability, reconciliation process, and common mistakes.

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What Is GSTR-9C?

GSTR-9C is:

• A reconciliation statement
• Certified by a Chartered Accountant or Cost Accountant
• Filed along with GSTR-9 (Annual Return)

It reconciles:

• Turnover
• Tax paid
• Input Tax Credit (ITC)

as per GST returns vs books of accounts.

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Who Is Required to File GSTR-9C?

GSTR-9C is mandatory if:

• Aggregate annual turnover exceeds the prescribed threshold (as notified for the relevant financial year)
• You are a regular GST taxpayer

Not Applicable To:

• Composition taxpayers
• Casual taxable persons
• Non-resident taxable persons

Threshold limits are subject to government notifications.

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GSTR-9C Due Date

Return	Due Date
GSTR-9C	31st December of next financial year

Late filing may invite notices and scrutiny.

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Documents Required for GSTR-9C Filing

• Audited financial statements
• GSTR-9 (Annual Return)
• GSTR-1 & GSTR-3B returns
• GSTR-2A / GSTR-2B
• Trial balance
• Profit & Loss account
• Balance sheet
• GST payment challans

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Key Parts of GSTR-9C

Part	Description
Part A	Reconciliation Statement
Part B	Certification by CA / CMA

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Step-by-Step Process for GSTR-9C Return Filing

Step 1: Complete GST Annual Return (GSTR-9)

• Ensure GSTR-9 is filed or finalized
• All amendments and corrections should be completed beforehand

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Step 2: Audit Financial Statements

• Finalize and audit:
  • Balance Sheet
  • P&L Account
• Ensure figures match accounting records

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Step 3: Reconcile Turnover

• Compare:
  • Turnover as per books
  • Turnover as per GSTR-9
• Identify differences due to:
  • Unbilled revenue
  • Credit notes
  • GST adjustments

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Step 4: Reconcile ITC

• Match ITC from:
  • Books of accounts
  • GSTR-3B
  • GSTR-2B
• Identify ineligible or reversed ITC

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Step 5: Reconcile Tax Paid

• Verify:
  • IGST, CGST, SGST paid
  • Differences between books & GST returns
• Pay additional tax (if any) via DRC-03

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Step 6: Prepare GSTR-9C

• Fill reconciliation tables
• Attach audited financials
• Provide explanations for differences

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Step 7: Certification by CA / CMA

• Obtain digital certification
• Ensure correctness of reconciled data

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Step 8: Upload & File GSTR-9C

• Login to GST portal
• Upload GSTR-9C
• File using DSC

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Step 9: Download Acknowledgement

• Download ARN
• Preserve for audit and departmental scrutiny

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Common Mistakes in GSTR-9C Filing

• ❌ Filing without full reconciliation
• ❌ Ignoring ITC reversals
• ❌ Incorrect turnover adjustments
• ❌ Mismatch between GSTR-9 and books
• ❌ Filing without professional review

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Penalty & Consequences of Non-Filing

Non-Compliance	Impact
Non-filing	GST notice & scrutiny
Wrong data	Penalty & audit risk
ITC mismatch	Recovery with interest

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Importance of Accurate GSTR-9C Filing

• Ensures audit-level GST compliance
• Reduces risk of departmental scrutiny
• Builds strong GST compliance history
• Mandatory for large taxpayers
• Protects against future litigation

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How Saving Mantra Helps with GSTR-9C Filing

Saving Mantra offers end-to-end GSTR-9C compliance and reconciliation services, including:

• Annual GST reconciliation
• ITC validation with GSTR-2B
• Turnover & tax variance analysis
• CA/CMA coordination
• Audit-ready documentation
• GST notice support

✔ Accuracy-driven approach
✔ Audit-focused compliance
✔ Expert GST professionals

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Frequently Asked Questions (FAQs)

Q1. Is GSTR-9C mandatory every year?
Yes, if turnover crosses the prescribed threshold for that year.

Q2. Can GSTR-9C be revised after filing?
No. Once filed, it cannot be revised.

Q3. Is GSTR-9C required if there is no difference?
Yes. Even nil differences require filing if applicable.

Q4. Can additional tax be paid through GSTR-9C?
No. Additional liability must be paid via DRC-03.

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Disclaimer

This article is for informational purposes only. GST laws, audit requirements, and return filing procedures are subject to change based on government notifications and judicial rulings. Always consult a qualified GST professional, Chartered Accountant, or Cost Accountant before filing GSTR-9C. Saving Mantra shall not be responsible for actions taken based on this content without professional consultation.

What Is GST Transitional Support? Explained Clearly

GST laws in India evolve through rate changes, procedural updates, return format revisions, and judicial rulings.
Whenever businesses move from an old GST process to a new one, or adjust to major GST changes, they require GST Transitional Support to stay compliant and protect Input Tax Credit (ITC).

This guide explains what GST Transitional Support is, why it matters, and how it safeguards businesses during change.

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What Is GST Transitional Support?

GST Transitional Support is professional assistance provided to businesses during:

• Changes in GST laws or rules
• Migration from one GST scheme/process to another
• Adoption of new return systems or compliance frameworks
• ITC transition and reconciliation during system updates

The goal is to ensure zero compliance disruption, no ITC loss, and smooth continuity.

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Why Is GST Transitional Support Important?

During GST transitions, businesses often face:

• ITC mismatches
• Data migration errors
• Missed deadlines
• Wrong interpretations
• Increased GST notices

Transitional support helps identify risks early and implement corrections correctly.

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Common Situations Requiring GST Transitional Support

Businesses typically need transitional support during:

• Migration to QRMP Scheme
• Shift between Composition and Regular Scheme
• Introduction of GSTR-2B-based ITC rules
• Changes in GST rates or HSN/SAC codes
• Amendments in return formats or due dates
• Implementation of new GST portal functionalities
• Business restructuring, merger, or turnover changes

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Key Areas Covered Under GST Transitional Support

1. ITC Transition & Reconciliation

• ITC carry-forward validation
• GSTR-2B vs books reconciliation
• Identification of blocked or ineligible ITC

2. Return & Process Transition

• Monthly to quarterly return transition
• New compliance workflows
• Correct reporting during transition periods

3. Data Cleanup & Rectification

• Correction of historical errors
• Amendment strategy planning
• Avoiding cascading mismatches

4. Risk Assessment & Advisory

• Impact analysis of new GST rules
• Compliance gap identification
• Preventive advisory to avoid penalties

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Who Needs GST Transitional Support?

GST Transitional Support is ideal for:

• MSMEs and growing businesses
• Companies undergoing compliance changes
• E-commerce sellers
• Businesses with multiple GST registrations
• Entities receiving GST notices after rule changes
• Accounts teams facing frequent reconciliation issues

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Benefits of GST Transitional Support

• ✔ Protects eligible ITC
• ✔ Prevents GST notices & penalties
• ✔ Ensures smooth compliance continuity
• ✔ Reduces operational disruption
• ✔ Builds clarity during regulatory changes
• ✔ Improves long-term GST compliance health

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Difference Between GST Advisory and GST Transitional Support

Aspect	GST Advisory	GST Transitional Support
Purpose	Ongoing guidance	Change-specific support
Trigger	Routine compliance	Law/process change
Focus	Strategy & interpretation	Migration & correction
Duration	Continuous	Short-term but critical

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How Saving Mantra Provides GST Transitional Support

Saving Mantra delivers structured, practical GST Transitional Support, including:

• GST change impact analysis
• ITC transition & reconciliation
• Process migration planning
• Return & data realignment
• Compliance SOP updates
• Post-transition monitoring

✔ Practical, business-focused
✔ Updated with latest GST changes
✔ Designed to prevent future issues

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GST Transitional Support: A Preventive Investment

Most GST penalties and notices arise not from intent, but from transition errors.
GST Transitional Support acts as a preventive shield, ensuring businesses adapt correctly and confidently to GST changes.

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Frequently Asked Questions (FAQs)

Q1. Is GST Transitional Support required for small businesses?
Yes. Small businesses are more vulnerable to ITC loss during changes.

Q2. Does transitional support include return filing?
It includes review, correction, and alignment of returns during transition.

Q3. Is transitional support a one-time service?
It is usually change-specific but may include short-term monitoring.

Q4. Can GST Transitional Support reduce notices?
Yes. Proper transition reduces mismatches and compliance gaps.

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Disclaimer

This article is for informational purposes only. GST laws, procedures, and compliance requirements are subject to change based on government notifications and judicial decisions. Always consult a qualified GST professional before implementing compliance actions. Saving Mantra shall not be responsible for decisions taken based on this content without professional consultation.

What Is GST Advisory and Training? Explained Simply

GST laws in India are dynamic, detailed, and continuously evolving. For businesses, merely filing returns is not enough—correct interpretation, planning, and internal knowledge are equally important.

This is where GST Advisory and Training plays a critical role. It helps businesses understand GST practically, stay compliant, reduce risks, and build in-house capability.

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What Is GST Advisory?

GST Advisory is a professional service where GST experts guide businesses on:

• GST applicability & classification
• Tax rate determination
• Input Tax Credit (ITC) eligibility
• Compliance planning
• GST notices & litigation support
• Structuring transactions tax-efficiently

GST advisory is proactive, not reactive—it helps avoid errors before they become penalties.

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What Is GST Training?

GST Training focuses on educating:

• Business owners
• Accounts teams
• Finance managers
• Compliance staff

Training programs cover:

• Practical GST concepts
• Return filing workflows
• ITC reconciliation
• GST portal usage
• Common mistakes & real-case scenarios

The goal is to make teams GST-ready and confident.

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Difference Between GST Advisory and GST Training

Aspect	GST Advisory	GST Training
Focus	Expert guidance	Knowledge transfer
Audience	Management / Decision-makers	Accounts & finance teams
Nature	Ongoing / need-based	Structured sessions
Outcome	Compliance accuracy	Internal capability

👉 Best results come from combining both.

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Who Needs GST Advisory and Training?

GST advisory and training is ideal for:

• Startups & MSMEs
• Growing businesses
• E-commerce sellers
• Manufacturers & traders
• Service providers
• Accounts & finance teams

Especially important if:

• Business operations are complex
• Multiple GST registrations exist
• ITC mismatches occur frequently
• GST notices are received

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Key Areas Covered Under GST Advisory

• GST registration & amendments
• GST return strategy (monthly / quarterly)
• GSTR-1, 3B, 2B reconciliation
• ITC optimization & reversals
• GST audit & annual return planning
• Handling GST notices & assessments
• Cross-border & e-commerce GST issues

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Key Topics Covered in GST Training Programs

• GST basics & legal framework
• Practical return filing (GSTR-1, 3B, CMP-08, GSTR-9)
• ITC rules & GSTR-2B usage
• GST portal live demos
• Industry-specific GST cases
• Compliance calendars & checklists

Training can be:

• Online or offline
• Beginner to advanced
• Customized to business needs

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Benefits of GST Advisory and Training

• ✔ Reduced GST errors
• ✔ Lower risk of penalties & notices
• ✔ Better ITC utilization
• ✔ Faster return filing
• ✔ Strong internal controls
• ✔ Improved compliance confidence

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Common GST Issues Solved Through Advisory & Training

• ITC blocked due to wrong interpretation
• Mismatch between GSTR-1 & GSTR-3B
• Incorrect tax rate application
• Missed compliance deadlines
• Poor GST documentation

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How Saving Mantra Delivers GST Advisory and Training

Saving Mantra provides practical, business-focused GST advisory and training, including:

• One-on-one GST advisory sessions
• Customized GST training workshops
• Industry-specific GST guidance
• Compliance dashboards & SOPs
• Live case-based learning
• Ongoing expert support

✔ Practical, not theoretical
✔ Updated with latest GST changes
✔ Designed for real business use

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GST Advisory + Training = Long-Term Compliance Success

Businesses that invest in GST advisory and training:

• Spend less on penalties
• Face fewer notices
• Build stronger finance teams
• Scale faster with confidence

GST compliance is no longer just a statutory task—it’s a business discipline.

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Frequently Asked Questions (FAQs)

Q1. Is GST advisory required if returns are already filed?
Yes. Filing alone does not ensure correct compliance or ITC optimization.

Q2. Is GST training useful for small businesses?
Absolutely. It helps avoid costly mistakes early.

Q3. Can GST training be customized for my business?
Yes. Training can be tailored to industry and team roles.

Q4. How often should GST advisory be taken?
Ideally on an ongoing or quarterly review basis.

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Disclaimer

This article is for informational purposes only. GST laws, interpretations, and compliance requirements are subject to change based on government notifications and judicial rulings. Always consult a qualified GST professional before making compliance or tax-related decisions. Saving Mantra shall not be responsible for actions taken based on this content without professional advice.