GST Return Filing Guide for Small Businesses
Running a small business in Singrauli or Madhya Pradesh? Understanding GST returns is crucial for compliance and avoiding penalties.
Types of GST Returns
| Return | Who Files | Due Date | Frequency |
|---|---|---|---|
| GSTR-1 | All registered businesses | 11th of next month | Monthly |
| GSTR-3B | All registered businesses | 20th of next month | Monthly |
| GSTR-9 | Annual return | 31st December | Yearly |
| CMP-08 | Composition dealers | 18th of next month | Quarterly |
Monthly Filing Calendar
For regular taxpayers in MP:
Composition Scheme — Best for Small Businesses
If your turnover is below ₹1.5 crores, consider the Composition Scheme:
Benefits:
- Quarterly returns instead of monthly
- Lower tax rate (1-6% depending on business type)
- Simpler compliance
Limitations:
- Cannot claim input tax credit
- Cannot do interstate sales
- Cannot sell on e-commerce platforms
Penalties for Late Filing
| Delay | Late Fee |
|---|---|
| Per day (CGST) | ₹25 |
| Per day (SGST) | ₹25 |
| Maximum per return | ₹5,000 |
| Interest on tax due | 18% p.a. |
How HCS Helps with GST Returns
Monthly GST Return Filing Plans
| Plan | Price/Month | Includes |
|---|---|---|
| Basic | ₹499 | GSTR-3B only |
| Standard | ₹999 | GSTR-1 + GSTR-3B |
| Premium | ₹1,499 | All returns + reconciliation |