All GST no. Holder have to file monthly, quarterly and annual GST Returns based on the type of business. Under GST, a registered dealer has to file GST returns that include:
• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST paid on purchases)
• In the GST regime, any regular business has to file two monthly returns and one annual return. This amounts to 26 returns in a year.
• The Specialisation of the system is that one has to manually enter details of one monthly return – GSTR-1. The other return GSTR 3B will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.
NOTE :
In the interim budget announcement, Finance minister has clearly stated, that now the returns will be filed on quarterly basis. Though no official notification has come till march 31st 2019.