Goods and Services Tax (GST) is an indirect tax system that was implemented in India on July 1, 2017. It has replaced various indirect taxes such as excise duty, VAT, and service tax. GST is levied on the supply of goods and services, and it is a destination-based tax.
To ensure that taxpayers comply with the GST regulations, the government has set various deadlines for GST return filing dates and GST due dates. Here are some important GST dates and a GST filing dates calendar for the year 2023-24 in India.
20th April 2023: GSTR-3B for the month of March 2023
10th May 2023: GSTR-1 for the month of April 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th May 2023: GSTR-3B for the month of April 2023
10th June 2023: GSTR-1 for the month of May 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th June 2023: GSTR-3B for the month of May 2023
10th July 2023: GSTR-1 for the month of June 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th July 2023: GSTR-3B for the month of June 2023
10th August 2023: GSTR-1 for the month of July 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th August 2023: GSTR-3B for the month of July 2023
10th September 2023: GSTR-1 for the month of August 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th September 2023: GSTR-3B for the month of August 2023
10th October 2023: GSTR-1 for the month of September 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th October 2023: GSTR-3B for the month of September 2023
10th November 2023: GSTR-1 for the month of October 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th November 2023: GSTR-3B for the month of October 2023
10th December 2023: GSTR-1 for the month of November 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th December 2023: GSTR-3B for the month of November 2023
10th January 2024: GSTR-1 for the month of December 2023 (for taxpayers with an annual turnover of more than ₹1.5 crores)
20th January 2024: GSTR-3B for the month of December 2023
20th February 2024: GSTR-3B for the month of January
Being aware of important GST return filing dates and having a GST calendar for the 2023-24 financial year can help registered taxpayers stay on top of their compliance obligations. Filing GST returns on time is crucial to avoid penalties and interest. Hence, it is recommended to keep track of all GST dates and deadlines and plan accordingly to ensure timely filing.
GST returns must be filed by registered taxpayers to report sales, purchases, and taxes paid to the government. The due date for filing varies depending on the type of return, ranging from monthly to annual. It is crucial to file on time to avoid penalties and interest.
Registered taxpayers are required to file various GST returns to report their sales, purchases, and taxes paid. The returns include GSTR-1 for outward supplies, GSTR-3B for a monthly summary, GSTR-4 for Composition Scheme, GSTR-5 for non-resident foreign taxpayers, GSTR-6 for Input Service Distributors, GSTR-7 for TDS deductions, GSTR-8 for TCS collections, and GSTR-9 for an annual summary. It is essential to file these returns on time to avoid penalties and interest.
