Gst Registration & Accounting
GST registration is mandatory if turnover exceeds ₹40L (goods) or ₹20L (services); lower limits apply in special states. Businesses can opt for Composition Scheme (Section 10) if turnover is within limits, but input credit is not allowed.
GST Regular Monthly Returns
Registered businesses must file GSTR-1 (outward supplies) and GSTR-3B (summary return) every month.
GST Composite Returns
Composition taxpayers file CMP-08 quarterly and GSTR-4 annually. CMP-08 (tax payment) is due by the 18th of the month following each quarter.
GST Others Services
GST Amendment (like address, business details, etc.) must be updated online within 15 days of change. Apply for GST Cancellation if business closes or turnover falls below threshold—must file final return GSTR-10.