- Filing of Letter of Undertaking (LUT) for zero-rated supplies by 31-03-2024
- Opting for the Quarterly Return Monthly Payment (QRMP) scheme between 01-02-2024 and 30-04-2024 for eligible registrants
- Enrollment in the Composition Scheme by 31-03-2024, with subsequent ITC reversal filing due by 30-05-2024
- Goods Transport Agency (GTA) declarations for the Forward Charge Mechanism (FCM) choice from 01-01-2024 to 31-03-2024.
GST calendar helps every registered business and professionals to be ready for compliance well in advance. GST Dates are crucial for every taxpayer to file the GST returns and prescribed forms under the GST law to avoid incurring any interest or late fees. You can identify the right GST return to file by knowing the type of registration obtained for your GSTIN, using the GST search tool.
Annual GST Calendar 2024-25
Here is the GST calendar for April 2024 at a glance-
Due date* | Form/Function | Period | Description |
10th April | GSTR-7 (Monthly) | March’24 | Summary of Tax Deducted at Source (TDS) and deposited under GST laws |
GSTR-8 (Monthly) | March’24 | Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws | |
11th April | GSTR-1 (Monthly) | March’24 | Summary of outward supplies where turnover exceeds Rs.5 crore (in the current FY and the previous FY) or have not chosen the QRMP scheme for Jan-Mar 2024 |
13th April | GSTR-1 (Quarterly) | Jan-Mar’24 | Summary of outward supplies by taxpayers who have opted for the QRMP scheme** |
GSTR-5 (Monthly) | March’24 | Summary of outward taxable supplies and tax payable by a non-resident taxable person | |
GSTR-6 (Monthly) | March’24 | Details of ITC received and distributed by an ISD | |
18th April | CMP-08 (Quarterly) | Jan-Mar’24 | Quarterly challan-cum-statement to be furnished by composition taxpayers |
20th April | GSTR-5A (Monthly) | March’24 | Summary of outward taxable supplies and tax payable by a person supplying OIDAR services |
GSTR-3B (Monthly) | March’24 | Summary return for taxpayers with a turnover of more than Rs.5 crore (in the current FY and the previous FY) or who have not chosen the QRMP scheme for Jan-Mar 2024 | |
22nd April | GSTR-3B (Quarterly) | Jan-Mar’24 | Summary return for taxpayers who have opted for the QRMP scheme and registered in category X states or UTs# |
24th April | GSTR-3B (Quarterly) | Jan-Mar’24 | Summary return for taxpayers who have opted for the QRMP scheme and registered in category Y states or UTs## |
25th April | ITC-04 | Oct-Mar’24/ FY 2023-24 | Half-yearly/yearly summary of goods sent to or received from a job-worker for those with a turnover of more than and up to Rs.5 crore in the given FY, respectively |
28th April | GSTR-11
| Mar’24 | Statement of inward supplies by persons having a Unique Identification Number (UIN) for claiming a GST refund |
30th April | GSTR-4 (Annually) | FY 2023-24 | Annual return for taxpayers who opted into the composition scheme |
Note: Small taxpayers, i.e. taxpayers with turnover up to Rs.5 crore in the given financial year and the earlier year, can opt in or out of the Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme for the April-June 2024 quarter on or before 30th April 2024. *The due dates mentioned are subject to changes notified by the concerned department. **If the taxpayer opted for the Invoice Furnishing Facility (IFF) and uploaded B2B invoices for January 2024 and February 2024, it is sufficient to upload B2B invoices for March 2024 and B2C invoices for the entire quarter in the GSTR-1. Otherwise, the taxpayer has to upload all the B2B and B2C invoices for the Jan-Mar’24 quarter in the quarterly GSTR-1. #Category X: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep. ##Category Y: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, the Union Territories of Jammu and Kashmir, Ladakh, Chandigarh and New Delhi. | |||
Latest news on GST returns due date extensions
The following section provides updates on the latest news and notifications for due date extensions on various GST returns and forms:
Update as on 31st March 2023
CBIC issued CGST notifications on 31st March 2023-
- GSTR-4 for the periods July 2017-March 2019 or FY 2017-18 to 2021-22 not filed can be filed between 1st April 2023 to 30th June 2023 at a concessional late fee that is waived off in excess of Rs.250 per return (no late fee if the return is nil).
- Assessment shall be withdrawn where if the non-filer of GST returns has submitted returns on or before 30th June 2023 with applicable interest and late fee irrespective of appeal against the assessment order issued on or before 28th February 2023.
- Any delay in the filing of GSTR-9 FY 2022-23 onwards attracts concessional late fee for the following categories of taxpayers-
- Turnover up to Rs.5 crore attracts a late fee of Rs. 25 per day subject to max cap 0.02% of turnover.
- Turnover over Rs.5 crore to 20 crore attracts late fee of Rs 50 per day subject to max cap 0.02% of turnover.
- Taxpayers who did not file GSTR-10 yet but will file between 1st April 2023 to 30th June 2023 attract a concessional late fee that is waived off in excess of Rs.500 per return.
Update as on 5th July 2022
As per the 47th GST Council meeting, the following two decisions were taken and notified on 5th July 2022:
- GSTR-4 for FY 2021-22 filing is waived off from the late fee if filed on or before 28th July 2022 as against earlier extension of up to 30th June 2022. (Notification 12/2022)
- CMP-08 filing for Apr-Jun 2022 (Q1 of FY 2022-23) will get an extension up to 31st July 2022 from 18th July 2022. (Notification 11/2022)
Update as on 26th May 2022
As per the CGST Notification no. 7/2022 dated 26th May 2022, the late fee has been waived for the delay in filing GSTR-4 for FY 2021-22 between 1st May and 30th June 2022.
The GST returns filing structure
Regular taxpayers- The GST returns in forms GSTR-1 and GSTR-3B are to be filed by businesses and professionals registered under GST every month if their annual aggregate turnover during the financial year exceeds Rs.5 crore (Was Rs.1.5 crore up to December 2020). On the other hand, the rest of the taxpayers had an option to choose a quarterly GSTR-1 filing while continuing to file GSTR-3B monthly, until December 2020.
From the quarter of 1st January 2021, the taxpayers having annual turnover up to Rs.5 crore may opt for the QRMP scheme, under which they can file both GSTR-1 and GSTR-3B once in a quarter while continuing to make a monthly estimated payment of taxes. An Invoice Furnishing Facility (IFF) has also been made available for quarterly filers of GSTR-1 to upload documents of their B2B outward supplies. In between, auto-drafted returns such as GSTR-2A and GSTR-2B will help taxpayers to claim their eligible input tax credit in their GSTR-3B.
Composition taxable persons- A person registered under the composition scheme must pay tax once in a quarter in form CMP-08 giving basic details while he must file a new version of GSTR-4 every year by 30th April for FY 2019-20 onwards. Till FY 2018-19, a taxpayer registered under the composition scheme had to file a quarterly return in form GTSR-4 and an annual return in form GSTR-9A.
Returns for specific transactions/persons- Special transactions under GST have been defined with specific GST returns such as GSTR-5, GSTR-5A, GSTR-6, GSTR-7 and GSTR-8.
FAQs
What are the key GST compliance activities that businesses need to undertake in March 2024 for the financial year 2023-24?
Key GST compliance activities include filing annual returns (GSTR-9), reconciliation of GST returns with financial statements, rectification of any errors or discrepancies, payment of any pending taxes or liabilities, and preparation for GST audit if applicable.
When is the deadline for filing the annual return (GSTR-9) for FY 2023-24?
The deadline for filing GSTR-9 for the financial year 2023-24 is typically on or before December 31st, 2024. However, it’s advisable to complete this filing well before the deadline to avoid any last-minute issues.
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