In this article, we will discuss the due dates of various GST returns. To know more about the details of each GST Return please visit our blog.
Due dates for July & August 2017
As per Notification No. 29/2017 dated 5th September 2017:
|Forms||For July 2017||For August 2017|
|GSTR-1||Upto 10th September||Upto 5th October|
|GSTR-2||11th-25th September||6th-10th October|
|GSTR-3||Upto 30th September||Upto 15th October|
|GSTR-3B||25th August***||20th September|
***You have 2 options for July 2017-There is no buyer-seller reconciliation for July & August.
- Either file TRAN-1 and claim ITC of previous regime
- File TRAN-1 later but cannot claim ITC of previous regime in this GSTR-3B
|Options||Last day of payment of GST||Last date of filing GSTR-3B|
|Registered persons not opting not to file FORM GST TRAN- 1 by 28th August, 2017||25th August, 2017||25th August, 2017|
|Registered persons opting to file FORM GST TRAN- 1 by 28th August, 2017||25th August, 2017||28th August, 2017|
Due dates of All GST Returns
|Return Form||Particulars||Frequency||Due Date|
|GSTR-1||Details of outward supplies of taxable goods and/or services effected||Monthly||10th of the next month***|
|GSTR-2||Details of inward supplies of taxable goods and/or services effected claiming input tax credit.||Monthly||15th of the next month***|
|GSTR-3||Monthly 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-3B||Simple return for Jul – Dec 2017
[Not applicable from Jan 2018 onwards]
|Monthly||20th of the next month|
|GSTR-4||Return for compounding taxable person||Quarterly||18th of the month succeeding quarter|
|GSTR-5||Return for Non-Resident foreign taxable person||Monthly||20th of the next month|
|GSTR-6||Return for Input Service Distributor||Monthly||13th of the next month|
|GSTR-7||Return for authorities deducting tax at source.||Monthly||10th of the next month|
|GSTR-8||Details of supplies effected through e-commerce operator and the amount of tax collected||Monthly||10th of the next month|
|GSTR-9||Annual Return||Annually||31st December of next financial year|
|GSTR-9A||Annual Return||Monthly||31st December of next financial year|
|GSTR-10||Final Return||Once. When registration is cancelled or surrendered||Within three months of the date of cancellation or date of cancellation order, whichever is later.|
|GSTR-11||Details of inward supplies to be furnished by a person having UIN and claiming refund||Monthly||28th of the month following the month for which statement is filed|
*** Due dates of returns from August 2017 will be announced. These dates are as per the Act.
Return filing is mandatory under GST. Even if there is no transaction, you must file a Nil return.
- You cannot file a return if you don’t file previous month/quarter’s return.
- Hence, late filing of GST return will have a cascading effect leading to heavy fines and penalty.
Late fee & Interest
- Interest is 18% per annum. It has to be calculated by the tax payer on the amount of outstanding tax to be paid. Time period will be from the next day of filing 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.