🧾 GST Toolkit — FY 2025-26
Registration, composition, late fees and s.50 interest — the checks a practice runs daily.
1 · Do you need registration?
Registration REQUIRED
- • Aggregate turnover exceeds the ₹20L threshold for services in Maharashtra.
2 · Composition scheme — worth it?
Eligible — s.10(2A) services composition: 6% ≈ ₹1,80,000 tax/yr on this turnover.
- • 6% (3% CGST + 3% SGST) on turnover; no ITC; bill of supply only.
3 · Filed late? Fee + interest
Late fee (per return)
₹1,500
s.50 interest @18% p.a.
₹1,479
- • ₹50/day (split equally CGST+SGST), capped at ₹2,000 for your turnover band.
- • Late fee applies per return (GSTR-3B and GSTR-1 separately).
- • 18% p.a. u/s 50(1), computed on the tax paid through the CASH ledger only (Rule 88B) — the ITC-set-off portion carries no interest for delayed filing.
- • 24% applies only to excess ITC claimed and utilised u/s 50(3).
4 · The calendar
| 11th of next month | GSTR-1 (outward supplies) | Monthly filers |
| 20th of next month | GSTR-3B + tax payment | Monthly filers |
| 18th after quarter | CMP-08 (composition payment) | Composition dealers |
| 30 April | GSTR-4 annual return | Composition dealers |
| 31 December | GSTR-9/9C annual return | Turnover > ₹2cr (9C > ₹5cr) |
Thresholds and rates as amended to FY 2025-26. Filing itself happens on the GST portal — this toolkit prepares the numbers and the decisions. Income-tax side of your business? The workspace handles 44AD/44ADA end to end.