Due Dates for GST Returns

4 January 2023

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Due Dates for GST Returns

In India, the due dates for filing Goods and Services Tax (GST) returns vary based on the type of return and the taxpayer's GST registration status. Below are the important due dates for filing various GST returns:

1. GSTR-1

GSTR-1 is a sales return filed by regular taxpayers.

For taxpayers with turnover up to Rs. 5 Crore, and those who have opted for the Quarterly Return Monthly Payment (QRMP) scheme, the due date is 13th of the month following the quarter. Example: For the quarter January-March 2023, the due date is April 13, 2023.
For taxpayers with turnover up to Rs. 5 Crore who have not opted for QRMP, or for those with a turnover above Rs. 5 Crore, the due date for filing GSTR-1 is the 11th of the month following the month. Example: For January 2023, the due date is February 11, 2023.

2. GSTR-3B

GSTR-3B is a monthly return for taxpayers with turnover greater than Rs. 5 Crore or those not opting for QRMP.

For taxpayers with turnover above Rs. 5 Crore or those not opting for QRMP, the due date for GSTR-3B is 20th of the month following the tax period. Example: For the month of January 2021, the due date is February 20, 2021.
For taxpayers with turnover up to Rs. 5 Crore who have opted for QRMP, the due date for filing GSTR-3B is 22nd or 24th of the month following the quarter. Example: For the quarter ending March 2023, the due date is April 22, 2023.

3. GSTR-5

GSTR-5 is for non-resident taxable persons.

The due date for filing GSTR-5 is the 20th of the month following the tax period. Example: For January 2023, the due date is February 20, 2023.

4. GSTR-6

GSTR-6 is filed by Input Service Distributors.

The due date for filing GSTR-6 is the 13th of the month following the tax period. Example: For January 2023, the due date is February 13, 2023.

5. GSTR-7

GSTR-7 is filed by authorities deducting tax at source (TDS).

The due date for filing GSTR-7 is the 10th of the month following the tax period. Example: For January 2023, the due date is February 10, 2023.

6. GSTR-8

GSTR-8 is filed by e-commerce operators.

The due date for filing GSTR-8 is the 10th of the month following the tax period. Example: For January 2023, the due date is February 10, 2023.

7. GSTR-9

GSTR-9 is an annual return that must be filed by all taxpayers, except those registered under the composition scheme.

The due date for filing GSTR-9 is December 31st of the year following the tax period. Example: For the financial year 2022-2023, the due date is December 31, 2023.

8. GSTR-9C

GSTR-9C is a reconciliation statement filed by taxpayers with a turnover of more than INR 2 Crore in the previous financial year.

The due date for filing GSTR-9C is the same as GSTR-9, which is December 31st of the year following the tax period. Example: For the financial year 2022-2023, the due date is December 31, 2023.

Penalties for Late Filing

Taxpayers who fail to file their GST returns on time may be subject to penalties and interest charges:

Late Filing Penalty:
- If a taxpayer fails to file their return by the due date, a penalty of INR 100 per day (for each return) is applicable, subject to a maximum of INR 5,000.
Interest Charges:
- If the taxpayer fails to pay the tax due by the due date, they are liable to pay interest at the rate of 18% per annum on the outstanding tax amount.
Disqualification from Composition Scheme:
- If a taxpayer registered under the composition scheme fails to file their return by the due date, they may be disqualified from the scheme and required to pay tax at the standard rates.

Conclusion

It is crucial for GST taxpayers to file their returns within the prescribed timelines to avoid penalties and interest charges. Timely filing also ensures compliance with the GST laws and smooth business operations.

For more information or assistance with filing your GST returns, feel free to contact Dhanaay for professional help.