For every registered business and professional in India, the Goods and Services Tax (GST) calendar is an indispensable tool. This tool ensures that you are well-prepared for compliance well in advance. The world of taxation operates on deadlines, and being aware of the crucial GST dates is vital to avoid unnecessary interest or late fees. Whether you are a business owner or a tax professional, keeping track of these dates can make a significant difference in your tax-related activities.
At Tofler, we understand the importance of timely tax compliance, and our comprehensive GST calendar is designed to be your reliable companion throughout the year. The GST calendar not only helps you remember when to file your returns but also provides you with insights into the different types of returns you need to file based on your GSTIN registration.
One of the critical aspects of GST compliance is staying updated with any changes in due dates. The Central Board of Indirect Taxes and Customs (CBIC) often extends GST dates for various returns and forms. Our user-friendly GST calendar ensures that you’re always informed about these extensions and changes, preventing any last-minute rushes or penalties.
Navigating the Annual GST Calendar 2023-24
Understanding the filing structure is crucial for accurate GST compliance. Here’s an overview of the GST returns filing structure for different categories of taxpayers:
Businesses and professionals with an annual aggregate turnover exceeding Rs. 5 crore (previously Rs. 1.5 crore up to December 2020) need to file monthly GST returns in forms GSTR-1 and GSTR-3B.
Taxpayers with annual turnover up to Rs. 5 crore have the option to choose the Quarterly Return Monthly Payment (QRMP) scheme. Under QRMP, they can file GSTR-1 and GSTR-3B quarterly while making monthly estimated tax payments.
Auto-drafted returns like GSTR-2A and GSTR-2B help taxpayers claim eligible input tax credit.
Composition Taxable Persons:
Those registered under the composition scheme must pay tax quarterly using form CMP-08, which provides basic details.
A new version of GSTR-4 must be filed annually by April 30th for FY 2019-20 onwards.
Returns for Specific Transactions/Persons:
Special transactions under GST have specific returns, such as GSTR-5, GSTR-5A, GSTR-6, GSTR-7, and GSTR-8.
Stay Updated with the Latest News on GST Return Due Date Extensions
Update as of March 31, 2023:
Concessional late fees for filing GSTR-4 for the periods July 2017-March 2019 or FY 2017-18 to 2021-22. Filing can be done between April 1, 2023, to June 30, 2023.
Withdrawal of assessment for non-filers if returns are submitted on or before June 30, 2023, with applicable interest and late fees.
Concessional late fees for GSTR-9 FY 2022-23 onwards based on turnover categories.
Update as of July 5, 2022:
Waiver of late fee for GSTR-4 filing for FY 2021-22 if filed by July 28, 2022.
Extension of CMP-08 filing for Apr-Jun 2022 (Q1 of FY 2022-23) up to July 31, 2022.
Update as of May 26, 2022:
Waiver of late fee for GSTR-4 filing for FY 2021-22 between May 1 and June 30, 2022.
Upcoming GST Return Due Dates
GST Due Dates in July 2023
Here is the GST calendar for July 2023 at a glance-
|10th July||GSTR-7(Monthly)||June’23||Summary of Tax Deducted at Source (TDS) and deposited under GST laws|
|GSTR-8(Monthly)||June’23||Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws|
|11th July||GSTR-1(Monthly)||June’23||Summary of outward supplies where turnover exceeds Rs.5 crore or have not chosen the QRMP scheme for Apr-Jun 2023|
|13th July||GSTR-1(Quarterly)||Apr-Jun’23||Summary of outward supplies by taxpayers who have opted for the QRMP scheme**|
|GSTR-5(Monthly)||June’23||Summary of outward taxable supplies and tax payable by a non-resident taxable person|
|GSTR-6(Monthly)||June’23||Details of ITC received and distributed by an ISD|
|18th July||CMP-08(Quarterly)||Apr-Jun’23||Quarterly challan-cum-statement to be furnished by composition taxpayers|
|20th July||GSTR-5A(Monthly)||June’23||Summary of outward taxable supplies and tax payable by a person supplying OIDAR services|
|GSTR-3B(Monthly)||June’23||Summary return for taxpayers with turnover more than Rs.5 crore in the previous FY or have not chosen the QRMP scheme for Apr-Jun 2023|
|22nd July||GSTR-3B (Quarterly)||Apr-Jun’23||Summary return for taxpayers who have opted for the QRMP scheme and are registered in category X states or UTs#|
|24th July||GSTR-3B (Quarterly)||Apr-Jun’23||Summary return for taxpayers who have opted for the QRMP scheme and are registered in category Y states or UTs##|
|28th July||GSTR-11||June’23||Statement of inward supplies by persons having Unique Identification Number (UIN) for claiming a GST refund|
Here’s the Return Wise GST Calendar
(Annual turnover up to Rs.5 crore can opt for quarterly filing**)
|Apr-Jun 2023||13th Jul 2023|
|July-Sept 2023||13th Oct 2023|
(Annual turnover of more than Rs.5 crore must file monthly or not opted into the QRMP scheme, wherever eligible)
|April 2023||11th May 2023|
|May 2023||11th June 2023|
|June 2023||11th July 2023|
|July 2023||11th August 2023|
|August 2023||11th September 2023|
|September 2023||11th October 2023|