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<h1>GST Return Filing: Monthly, Quarterly Options, ITC Details, Penalties for Late Submissions, System Under Review</h1> The GST return mechanism involves electronic filing, invoice-level data uploads, and auto-population of input tax credit (ITC) details. Regular taxpayers must file monthly and annual returns, with specific forms for different taxpayer categories, such as composition scheme participants and non-residents. Small taxpayers can file quarterly if their turnover is up to 1.5 Crore. Returns are filed online via the GSTN portal or through ERP systems. Filing deadlines vary, and late submissions incur penalties. ITC matching prevents revenue leakage, with discrepancies requiring rectification. The system is under review by a committee, and some processes are postponed.