GST Filing
What a GST invoice has to say, and what happens when it does not
Sixteen required fields, a time limit most businesses miss, and a numbering rule that quietly invalidates a year of invoices…
The monthly cycle
Outward supplies go into GSTR-1. The summary and the payment go into GSTR-3B. Credit available for the period is fixed by GSTR-2B, generated from what your suppliers filed. Filing 3B without first checking 2B is how businesses claim credit they are later asked to reverse with interest.
QRMP and small taxpayers #
Taxpayers under the prescribed turnover limit can opt for quarterly returns with monthly payment. It reduces filings but not record-keeping: the invoice furnishing facility still needs uploading if your customers want their credit on time.
Late filing compounds #
Late fees run per day per return, interest runs on the tax paid late, and a return cannot be filed until the previous period is filed. Two missed months quickly become a blocked e-way bill facility and an unhappy customer.
What you will need
- Sales invoices with GSTIN, HSN and place of supply
- Credit and debit notes for the period
- Purchase register reconciled to GSTR-2B
- Details of exports, SEZ and reverse-charge supplies
- Cash and credit ledger balances on the portal
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GST Filing
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GST Filing
What a GST invoice has to say, and what happens when it does not
Sixteen required fields, a time limit most businesses miss, and a numbering rule that quietly invalidates a year of invoices…