GST RETURN DUE DATES (UPDATED)

LATEST GST RETURN DUE DATES THROUGH THE SOURCE OF GSTPORTAL INDIA GST.GOV.IN-GSTPORTALINDIA

  • GSTR-3B( july 2020)

Augt 20,22,24 2020

  • CMP-08 (Apr-Jun, 2020))

July 18th, 2020

  • GSTR-5( June 2020 )


Aug 31st, 2020

  • GSTR-5A( June 2020 )

July 20th, 2020

  • GSTR-6( June 2020 )


Aug 31st, 2020

  • GSTR-7( June 2020 )


Aug 31st, 2020

  • GSTR-8( June 2020 )


Aug 31st, 2020

  • GSTR-9(2018-2019)

Sep 30th, 2020

  • GSTR-9A(2018-2019)

Sep 30th, 2020

  • GSTR-9C(2018-2019)

Sep 30th, 2020

  • RFD-10

Eighteen months after the end of the quarter for which refund is to be claimed

Quarterly return for registered persons with aggregate turnover up to Rs. 1.50 Crores

  • GSTR-1 (April to June 2020)

July 18th, 2020

Turnover exceeding Rs. 1.50 Crores or opted to file monthly Return

  • GSTR-1( July 2020 )

Augt 11th, 2020

RETURN AND LATE FEES

All taxpayers need to file return FORM GSTR-3B & pay tax on a monthly basis.

Taxpayers with turnover up to Rs. 1.5 Cr need to file information in FORM GSTR-1 on a quarterly basis.

  • Other taxpayers would have to file FORM GSTR-1 on a monthly basis.

The due date for furnishing the annual returns in FORM GSTR-9, FORM GSTR-9A and reconciliation statement in FORM GSTR-9C for the Financial Year 2017 – 2018 has been extended till 30.06.2019.

The late fee shall be completely waived for all taxpayers in case of FORM GSTR-1, Form GSTR-3B & Form GSTR-4 for the months/quarters July 2017 to September 2018 which are furnished after 22.12.2018 but on or before 31.03.2019.

From October 2017 onwards, the amount of late fee for late filing of GSTR-3B payable by a registered person is as follows:

  • whose tax liability for that month was ‘NIL’ will be Rs. 20/- per day instead of Rs. 200/- per day
  • Whose tax liability for that month was not ‘NIL’ will be Rs. 50/- per day instead of Rs. 200/- per day.

NEW RETURN SYSTEM

Prototype for new return filing system had released in June 2019. The transition plan for New return system has been finalized and the new system would be introduced in a phased manner.

The new return system is simple with two main annexures. One for reporting details of outward supplies (FORM GST ANX-1) and one for availing input tax credit (FORM GST ANX-2) based on invoices, etc. uploaded by the supplier.

Invoices can be uploaded continuously by the supplier and can be continuously viewed and accepted by the recipient for availing input tax credit. This process would ensure that a very large part of the return will be auto-populated based on the invoices uploaded by the buyer and the supplier. Simply put, the process would be “UPLOAD – LOCK– PAY” for most taxpayers.

Taxpayers would have the facility to create his profile based on the nature of supplies made and received.

The information which a taxpayer would be shown and would be required to fill in the return would depend on his profile.

NIL return filers (no purchase and no sale) shall have the facility to file a return by sending SMS.

There shall be the quarterly filing of return for the small taxpayers having a turnover up to Rs. 5 Cr as an optional facility. Quarterly return shall be similar to the main return with monthly payment facility but for two kinds of registered persons – small traders making only B2C supply or making B2B + B2C supply.

list of forms for GST return available on GST portal for due dates

List of forms for gst returns

For such taxpayers, simplified returns have been designed called Sahaj and Sugam.

And moreover, In these returns, details of information required to fill are lesser than that in the regular return.

New return design provides the facility for amendment of invoice and also other details filed in the return.

An amendment shall carry out by filing a return called amendment return. Payment would be allowed to be made through the amendment return as it will help save interest liability for the taxpayers.  

 

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