GST Returns Information with Due Dates, Late Fees

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(Last Updated On: March 10, 2018)

INTRODUCTION

Being the first year of implementation of GST Law, Government has provided several relaxations to the  taxpayers, one such being  time extension for filing of GST returns.The government has extended the last date for filing of GSTR-1 till January 10, 2018 for businesses with turnover up to Rs. 1.5 crore under GST.

While businesses with turnover up to RS.1.5 crore will file quarterly returns, for July-September by January 10, 2018, as against December 31, 2017 earlier, said a government press release. For businesses with turnover of more than Rs 1.5 crore, GSTR-1 has to be filed for the period July-November by January 10.

And The Forms GSTR-1,GSTR- 2,GSTR- 3 are to be a filed by a person registered under GST for each month other than the people who are registered under the Composition Scheme.

A person registered under the composition scheme has to file GSTR-4 under GST for each quarter.

For the July 2017 to March 2018, GSTR-3B is also required to be filed. GSTR- 3B is a simple return that has to be filed by every GST registrant.

GST Return forms and their descriptions with due dates :

GST Return Forms Due Dates and Descriptions
 

GSTR- 1

This form is associated with every registered dealer who is under the regular scheme will have to file their outward supplies within 40 days from the end of the month.
 

GSTR -2

(Only for Regular Dealers Inward Supplies) – The GST due date for the form is to be decided by the committee and the data can be uploaded on a daily basis whenever required.
 

GSTR -3

 

(Only for regular dealers Monthly return) – The due date for the form is to be decided by the committee.

 

GSTR- 4

 

(For composite dealers Quarterly Return) – The GST due date for the form is on or before 18th of next month after the end of the quarter in which the return is filed and it must be of previous three months.

 

GSTR- 5

(Return for Non-Resident) – The due date for the submission of the form is 20th of next month and at the time of closure of the business within 7 days.
 

GSTR -6

(Input Service Distributor) – The GST due date for return filing for GSTR 6 form is 13th of next month in which the return filed.
 

GSTR- 7

 

(TDS Return) – The due date for return filing for the form GSTR 7 is 10th of next month in which return is filed.
 

GSTR -8

 

(E-Commerce operator) – The GST due date for return filing for the form GSTR 8 is 10th of every next month in which the return is filed.
 

GSTR- 9

 

(Annual Return of the normal dealer) – The GSTR 9 form is a mandatory form which must be filed or before 31st December after the end of every financial year.

 

GSTR -10

 

Final Return for the taxpayer after surrendering or cancellation of the registration. View the GSTR 1 form.
 

 

GSTR -11

 

(INWARD SUPPLIES STATEMENT FOR UIN/ UNI HOLDERS) – The due date for the GSTR 11 form is 28th of the month following the month for which statement is filed.

Late fee & Interest

gstlatest late-fee and intrest

  • Late fees for GSTR-3B of July, August and September waived. Any late fees paid for these months will be credited back to Electronic Cash Ledger under ‘Tax’ and can be utilized to make GST payments.
  • Interest is 18% per annum . It has been calculated by the every taxpayer on the amount of outstanding tax to be paid. Time period will be from the next day of filing to the date of payment.
  • As per the GST Act 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, and No late fee on IGST.
  • Late Fee for filing GSTR-3B and GSTR-4 after the due date have been reduced to:
    1. Rs. 50 per day of delay.
    2. Rs. 20 per day of delay for taxpayers having Nil tax liability for the month.

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