GSTTaxCompliance
Understanding GST Filing in India: A Beginner's Guide
By Fintax Administrator
July 7, 2026
5 min read
Understanding GST Filing in India: A Beginner's Guide
Goods and Services Tax (GST) is a multi-stage, destination-based tax that is levied on every value addition in India. For startups and small businesses, staying compliant is non-negotiable.
Who needs to register?
Any business making an aggregate turnover exceeding ₹40 Lakhs (₹20 Lakhs for North-Eastern states) for supply of goods, or ₹20 Lakhs (₹10 Lakhs for North-Eastern states) for supply of services.
Key Filing Requirements:
- GSTR-1: Details of outward supplies of goods or services (filed monthly or quarterly).
- GSTR-3B: Monthly self-declaration summarizing tax liabilities and input tax credit claims.
- GSTR-9: Annual consolidated return.
Consequences of Late Filing:
Failing to submit on time results in a late fee of ₹50 per day (₹20 for nil returns) and interest at 18% per annum on unpaid tax liabilities.
Fintax handles complete end-to-end GST registrations, filings, and audit representation. Get in touch with us to automate your compliance.
