Due dates for filing GST Returns
While the initial announcement at the inception of GST rollout, all taxpayers are required to file return in Form GSTR-3B with payment of tax by 20th of the succeeding month till March-2018. Later this was changed to accommodate various tax filers who couldn't file their taxes due to various reason are given a chance to be compliant before 31st Oct 2018.
(a) Taxpayers with annual aggregate turnover upto Rs.1.5 Crore need to file GSTR-1 quarterly basis before the due dates tabulated below:
|July - September 2017||31st October, 2018|
|October - December 2017||31st October, 2018|
|January - March 2018||31st October, 2018|
|April - June 2018||31st October, 2018|
|July - September 2018||31st October, 2018|
(b) Taxpayers with annual aggregate turnover more than Rs.1.5 Crore need to file GSTR-1 on monthly basis before the due dates tabulated below:
|July 2017 - September 2018||31st October, 2018|
Late fee has been waived for the months of July, August & September, 2017. Where such late fee was paid, it will be re-credited to their Electronic Cash Ledger under "Tax" head instead of "Fee" head so as to enable them to use that amount for discharge of their future tax liabilities. This decision will be implemented after making necessary changes in software.
From the month of October, 2017 onwards, the amount of late fee payable has been reduced from Rs.200/- per day (Rs.100/- per day each under CGST & SGST Acts) to the following amounts.
|(a) Taxpayers whose tax liability for the concerned month was 'NIL'||Rs.20/- per day (Rs.10/- per day each under CGST & SGST Acts)|
|(b) For all other taxpayers [other than mentioned in (a)]||Rs.50/- per day (Rs.25/·per day each under CGST & SGST Acts)|