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News Update

EconomicTimes

Govt. of India cancelled 1.63 Lakh GST Registrations in October-November bi-monthly for not Filing the GST Returns

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Mr. Shashank Mathur

Mr. Shashank Mathur

Founder & CEO, Start ACT India

A visionary entrepreneur who left a well-paid job to build his dream — Start ACT India. With sheer determination, Mr. Mathur transformed a modest beginning into a leading enterprise committed to innovation and excellence.

His journey is an inspiring example of resilience and leadership — proving that success belongs to those who dare to begin. Today, Start ACT India stands as a symbol of progress, passion, and purpose under his guidance.

“Don’t wait for opportunities — create them. Try it.”
– Mr. Shashank Mathur

Media & Achievements

TEDx

Featured Speaker at TEDx Pradhikaran — from ₹2000 salary to a multi-crore company.

Forbes India

Highlighted in Forbes India Showstoppers 2025 for remarkable entrepreneurship.

Asia One

Featured by Asia One Magazine for his transformative business journey.

IIT Delhi

Guest Mentor at IIT Delhi Entrepreneurship Program.

Past Experience

IIT Pearson Educomp

The Process & Documents required

Based on the business type and the annual turnover status, there are categories under which the GST return filing could be carried out:

Monthly GST returns for any business organization operating in India. Based on GSTR-1, all other forms of GST filings can be submitted for the month.
  • The due date of GSTR-1 is the 10th of every month.
GSTR-2 is filed for providing all the details regarding the inward supplies of goods and services.
In this type of GST return, the details related to all kinds of inward deliveries of goods/services from registered suppliers are presented. Here the data are obtained from the GSTR-1 process only.
  • The due date of GSTR-2A is the 15th of every month.
Here the input tax credits and the synopsis of the entire monthly returns of all kinds of inward and outward supplies are needed to be submitted.
  • The due date of GSTR-3B is the 15th of every month.
Synopsis of every outward supply along with the detail of all sorts of paid tax on imported services. This is executed on yearly basis.
  • The due date is the 30th of the month succeeding in the financial year for GSTR-4.
It is a mandatory GST filing for all business personalities. Here the details of the inward-outward supplies and the tax liability are needed to be submitted.
  • The due date of GSTR-5 is the 20th of every month.
This category especially works for the OIDAR (Online Information & Database Access or Retrieval) to showcase the details about the services provided to any individual or organization.
  • The due date of GSTR-5A is the 20th of every month.
It is a system-generated summary report on the inward supplies of a tax-payer.
  • The due date of GSTR-6A is the 13th of every month.
After the verification and acceptance of the furnished documents in GSTR-6A, this particular GST filing can be executed.
  • The due date of GSTR-6 is the 13th of every month.
Here the details of TDS (Tax Deducted at Source) under GST, TDS refund are submitted for further proceedings.
  • The due date of GSTR-7 is the 18th of the subsequent month.
It is better known as TDS Certificate as well. It is generated no sooner than the GSTR-7 form filing is done.
This particular filing is for every e-commerce who gathers Tax at Source (TCS). Here the business personnel hands the details of the suppliers in the particular e-commerce entity.
  • The due date of GSTR-8 is the 10th of every month.
This annual GST filing contains information about all the sales, purchases, refunds, or input tax credit by all tax-payers, Special Economic Zone (SEZ) unit, SEZ developers, and many more.
GST filing 9A is for them who have selected for the Composition Scheme in any part of the same financial year. In this category inwards, outwards, suppliers, input tax credits are included.

For the process of GST return filing, one business entity is obliged to submit the following documents

The purchase invoice

Input/purchase credits

GSTIN of the seller/business identity

Summary of the documents issued during the GST Registration process

Type of invoice

Amount of applicable SGST/CGST/IGST

Invoice number & date

Taxable value/GST rate

Consumer details

Benefits

Abolition of the Cascading Effect

Abolition of the cascading effect

GST filing simplifies the entire tax process by eliminating all the tax-on-tax or the cascading method.

Tax System

An organized tax system

The business identities are allowed here to pay the entire tax amount at a single time. GST return filing has replaced the chaotic older tax system.

Business Opportunities

Business opportunities

By the collaboration of the Indian tax system, the business entities are now enjoying a nationwide market without paying different taxes to the State Governments.

Help

Helping the start-ups

The preceding VAT was compulsory for any company with an annual turnover of INR 5 lacs which acted as troublesome for any start-up entity. GST return filing has replaced the VAT, benefiting the start-ups with all sense.

Points to remember

  • The scheduled date for GST filing can be altered or extended by issuing a notification from Govt. of India.
  • Not filling the GST return by the due date would lead to a late fine and a liable amount with an interest at 18% per annum rate. The fined amount would be-
    • For CGST – INR 100/day
    • For SGST – INR 100/day
  • The small business entities are required to file their GST return quarterly.

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