GST Return Filing Due Dates: What You Need to Know

Introduction

Understanding and adhering to the GST return filing due dates is crucial for businesses to avoid penalties and ensure compliance. Knowing the correct deadlines for various GST returns can prevent unnecessary fines and help maintain smooth operations.

Why GST Return Filing Due Dates Matter

• Compliance with GST regulations.
• Avoidance of penalties, interest, and suspension of GSTIN.
• Contribution to a streamlined tax filing process for businesses.

Types of GST Returns and Their Due Dates

Different types of GST returns apply to different categories of taxpayers, each with distinct due dates:

• GSTR-1 (Outward Supplies Return)
• For regular taxpayers to declare outward supplies.
• Due Date: 11th of the following month (monthly filers) or quarterly under the Quarterly Return Monthly Payment (QRMP) scheme.
• GSTR-3B (Summary Return)
• A consolidated return for monthly tax payments and input tax credit claims.
• Due Date: 20th of the following month (monthly), staggered for the QRMP scheme.
• GSTR-4 (Composition Scheme)
• For businesses registered under the Composition Scheme.
• Due Date: 30th of April, annually.
• GSTR-5 (Non-Resident Taxable Persons)
• For foreign entities doing business in India.
• Due Date: Within 20 days after the end of the month or 7 days after the expiry of registration, whichever is earlier.
• GSTR-6 (Input Service Distributors)
• This is for businesses that distribute input tax credits to branches.
• Due Date: 13th of the following month.
• GSTR-7 (Tax Deducted at Source - TDS)
• For entities required to deduct TDS.
• Due Date: 10th of the following month.
• GSTR-8 (E-commerce Operators)
• For e-commerce operators, collecting tax on supplies.
• Due Date: 10th of the following month.
• GSTR-9 (Annual Return)
• Annual summary of all GST returns filed by regular taxpayers.
• Due Date: 31st December of the next financial year.
• GSTR-10 (Final Return)
• For businesses cancelling their GST registration.
• Due Date: Within 3 months from the date of cancellation order.
• GSTR-11 (UIN Holders)
• For foreign diplomatic bodies and embassies with a Unique Identification Number.
• Due Date: 28th of the following month.

QRMP Scheme: Simplified Filing for Small Businesses

• Overview of the Quarterly Return Monthly Payment (QRMP) scheme for businesses with an annual turnover of up to ₹ five crore.
• Monthly tax payments, but only quarterly GSTR-1 and GSTR-3B filing requirements.
• Benefits: reduced compliance burden, simplified filing.

Penalties for Missing GST Filing Due Dates

• Late Fees: ₹50 per day (₹25 CGST + ₹25 SGST) or ₹20 per day (₹10 CGST + ₹10 SGST) for nil returns.
• Interest on Tax Due: 18% interest on the unpaid tax amount.
• Consequences of Persistent Non-Compliance: Risk of GSTIN suspension, audit scrutiny.

Tips for Staying Compliant with GST Due Dates

• Use Automated Reminders: Digital calendars or GST software.
• Keep Records Organized: Easier reporting with accurate data.
• Leverage Professional Assistance: When compliance becomes complex, consider consulting a GST expert.

Conclusion

Timely filing of GST returns is vital for financial health and business operations. By understanding and adhering to the due dates for each type of GST return, businesses can avoid penalties, optimise cash flow, and maintain a clean compliance record.