Due Dates based on Latest Orders and Notifications

GSTR-1

Quarterly Returns (Taxpayers with Annual Turnover up to Rs. 1.5 Crore can opt for quarterly return filing)

 

 

Period (Quarterly)Due dates

July- Sept                                                                                                   10th Jan 2018

Oct-Dec                                                                                                      15th Feb 2018

Jan- Mar                                                                                                     30th April 2018

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For turnover of more than Rs 1.5 cr

Period Dates

July to Nov                                                                                                  10th Jan 2018

Dec                                                                                                            10th Feb 2018

Jan                                                                                                             10th Mar 2018

Feb                                                                                                            10th Apr 2018

March                                                                                                         10th May 2018

 

 

 

 

 

GSTR-2 and GSTR-3

GSTR-2 and GSTR-3 filing dates for July 2017 to March 2018 will be worked out later by a Committee of Officers

GSTR-3B

• GSTR-3B has been extended to March 2018

• All businesses have to file GSTR-3B by 20th of next month until March 2018.

Due date for the month February 2018 is 20th March 2018

Due date for the month January 2018 is 20th February 2018

Due date for the month December 2017 was extended to 22nd January 2018

 

GSTR-4

Due date  for the quarter January 2018 to March 2018 is 18th April 2018

The Due date for the period October -December 2017 is 18th January 2018

 

 

 

The due date for the period July-September 2017 is 24th December 2017

 

GSTR-5

Due date for February 2018 is 20th March 2018

Due date for January 2018 is 20th February 2018

The due date for the period July-December 2017 is 31st January 2018

 

GSTR-5A

Due date for February 2018 is 20th March 2018

Due date for January 2018 is 20th February 2018

The due date for the period July-December 2017 is 31st January 2018

 

GSTR-6

Latest Update

Due date of GSTR-6 for the months from July 2017 to February 2018 is extended to 31st March 2018

Other Due Dates

TRAN-01 – 27th December 2017

TRAN-02 – 31st March 2018

ITC-01 – 31st January 2017

 

1. What is GST Return?

A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability.

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)

To file GST returns, GST compliant sales and purchase invoices are required. You can generate GST compliant invoices for free on ClearTax BillBook.

 

2. Who should file GST Returns?

In the GST regime, any regular business has to file three monthly returns and one annual return. This amounts to 37 returns in a year.

The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.

There are separate returns required to be filed by special cases such as composition dealers.

 

3. What are the types of GST Returns?

Here is a list of all the returns to be filed under the GST Law along with the due dates.

 

3.1. Any regular business:

As per the CGST Act ( Note : subject to change by Notifications /orders)

 

Return FormParticularsIntervalDue Date

GSTR-1Details of outward supplies of taxable goods and/or services effectedMonthly*10th of the next month

GSTR-2Details of inward supplies of taxable goods and/or services effected claiming input tax credit.Monthly*15th of the next month

GSTR-3Monthly return on the basis of finalization of details of outward supplies and inward supplies along with the payment of amount of tax.Monthly*20th of the next month

GSTR-9Annual ReturnAnnually31st December of next financial year

GSTR-3BProvisional return for the months of July 2017 to March 2018Monthly20th of the next month

 

3.2. A dealer opting for composition scheme :

A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:

Return FormParticularsIntervalDue Date

GSTR-4Return for compounding taxable personQuarterly18th of the month succeeding quarter**

GSTR-9AAnnual ReturnMonthly31st December of next financial year

3.3. Returns to be filed by specific registered dealers:

Return FormParticularsIntervalDue Date

GSTR-5Return for Non-Resident foreign taxable personMonthly20th of the next month***

GSTR-6Return for Input Service DistributorMonthly13th of the next month***

GSTR-7Return for authorities deducting tax at source.Monthly10th of the next month

GSTR-8Details of supplies effected through e-commerce operator and the amount of tax collectedMonthly10th of the next month

GSTR-10Final ReturnOnce. When registration is cancelled or surrenderedWithin three months of the date of cancellation or date of cancellation order, whichever is later.

GSTR-11Details of inward supplies to be furnished by a person having UIN and claiming refundMonthly28th of the month following the month for which statement is filed

Here is a video to understand who should file GST Return and why should it be filed –

 

 

4. Late Fees for not Filing Return on Time

If GST Returns are not filed within time, you will be liable to pay interest and a late fee.

Interest is 18% per annum. It has to be calculated by the taxpayer on the amount of outstanding tax to be paid. The time period will be from the next day of filing (26th/ 29th Aug) to the date of payment.

Late fee is Rs. 100 per day per Act. So it is 100 under CGST & 100 under SGST. Total will be Rs. 200/day. Maximum is Rs. 5,000. There is no late fee on IGST.