Important dates to remember for GST return filings
New Delhi, July 9 (KNN) Filing of returns with the Government within stipulated dates is important for a taxpayer in order to avoid incurring any Interest and Penalty.
Forms GSTR-1 AND 3B are to be filled by a person registered under GST for each month other than the people who are registered under the composition scheme.
The important dates that should be remembered for filing GST returns are:
GSTR-3B is to be filed by all taxpayers and the last -date to file is 20th July 2019.
GSTR-1 is to be paid by taxpayers whose turnover is below Rs. 1.5 Crore and also not opted for Monthly Return. The last date to file is 31st July 2019.
GSTR-1 is to be paid by taxpayer s with turnover above Rs. 1.5 Crore or opted for Monthly returns. The last date to file is 11th July 2019.
GSTR-9 is an annual return and the last date to file is 31st August 2019.
For GSTR-9A, the annual return is to be filled by Composition Dealers and the last date of filing is 31st August.
GSTR-9C is a reconciliation statement to be filled by taxpayers with aggregate turnover exceeding Rs. 2 crore from July 2017 to March 2018. The last date to file it is 31st August 2019.
Now these returns are to be filed by Normal Taxpayers.
For GSTR-5, it is to be filed by Non-resident taxpayers. The last date to file is 20th July, 2019.
For GSTR-5A, it is to be filed by Non-resident OIDAR. The last date to file this is 20th July, 2019.
For GSTR-6, it is to be filed by Input Service Distributors. The last date to file it is 13th July, 2019
For GSTR-8, it is to be filled by e-commerce operators who are required to collect Tax at source under GST. The last date to file is 10th July, 2019.
In case, returns are not filed by the due dates, late fees are payable as,
-- a). Taxpayers whose tax liability for the concerned period in ‘NIL’. They will have to pay Rs 20 per day (Rs 10 per day each under CGST& SGST Act).
-- b). For all other taxpayers (other than mentioned in (a)). They will have to Rs 50 per day (Rs 25 per day each under CGST & SGST Acts).
File your returns well on time to avoid last minute rush.