Goods and Services Tax (GST) is a comprehensive indirect tax applicable to the supply of goods and services in India. Every registered business under GST must comply with statutory requirements to maintain legal standing and avoid penalties.

GST compliance primarily includes timely registration, accurate invoicing, monthly/quarterly return filing, payment of taxes, and annual reconciliation. Key returns include GSTR-1 (sales), GSTR-3B (summary return), GSTR-9 (annual return), and GSTR-9C (audit reconciliation). Taxpayers also need to ensure input tax credit (ITC) is claimed correctly, matching it with suppliers’ returns.

Compliance extends to issuing GST-compliant invoices, maintaining records for at least six years, and adhering to e-invoicing and e-way bill regulations where applicable. Non-compliance may result in penalties, interest, or suspension/cancellation of GST registration.

Timely GST compliance not only avoids penalties but also builds trust with suppliers, customers, and regulatory authorities. It ensures smooth flow of ITC, better cash flow management, and a transparent tax structure for businesses.