Filing for GST returns paramount for every registered business in India. Missing the GST filing date may result in late fees and unnecessary penalties. This blog has covered important GST filing dates in December 2023 for your reference!
The GST filing process has brought multiple indirect taxes under a single roof. This completely simplified taxation in India. The Indian government and the GST council are stringent regarding GST due dates. Based on your business and income slab, there are multiple GST due dates that you will have to comply with. These GST filing dates are crucial for every taxpayer. In the layman’s defence, it is tough to remember all the dates. So we have compiled some of the important GST return filing dates in December 2022 exclusively for you!
| GST filing Dates in December 2023 | |
| 11/12/2023 | GSTR-1 month of November 2023 |
| 13/12/2023 | GSTR 1 IFF for QRMP November 2023 |
| 20/12/2023 | GSTR 3B for the month of November 2023 |
| GSTR 5 for the month of November 2023 | |
| GSTR-5A for the month of November 2023 | |
| 25/12/2023 | GST challan payment for non sufficient ITC for November 2023 |
| 31/12/2023 | GST Annual return filing |
Having established the dates, let’s take a look at the forms.
How to File GSTR-1?
GST taxpayers must file GSTR-1 on a monthly or quarterly basis. All sales and exterior supplies are included. There are 13 sections in return. You can always get in touch with our GST experts if you have any queries.
GSTR-1 Filing Eligibility
- Distributors of input services
- Online information and database access or retrieval (OIDAR) service providers,
- Non-resident tax-paying individual
- Taxpayers getting TCS
- Taxpayers withholding TDS
Documents Needed to File GSTR-1
- Customers GSTIN
- Place of supply, type of Invoice, invoice number, invoice date, the taxable value
- VAT rate
- Relevant IGST amount
- Relevant CGST amount
- Amount of SGST
- Amount of the applicable GST-CESS
- Whenever GST reverse charge is used
How to File GSTR-1?
You can file GSTR-1 directly through the GST portal. Another easy method is to file the GST returns through Vakilsearch.
How to File GSTR-3B?
GSTR-3B is to be submitted monthly. This is a self declared summary of GST return. It summarises all the clients claims on ITC and net tax due.
Following penalties are applicable if the due date is missed.
- ₹50 for each late day
- Taxpayers with no liability are fined ₹20 every day
- The Interest of up to 18% is levied annually on the unpaid tax
GSTR-3B Filing Eligibility
- Taxpayers who are members of the composition scheme
- Distributors of input services
- Non-resident OIDAR service providers
- Non-resident taxpaying entities
Documents Needed to File GSTR-3B
- Data regarding sales and purchases must be submitted
- Information about interstate transactions with buyers under the composition scheme
- Unregistered purchases
- UIN
- Input tax credit.
Our GST interest calculator online helps you calculate GST interest accurately and quickly.
How to file GSTR-5 and GSTR-5A
A GSTR-5 return has to be filed by a registered non-resident taxpayer. Non-resident foreign taxpayers are those vendors who are not present in India but have travelled here temporarily to conduct business. They must fill out GSTR-5 with information on all taxable supplies.
GSTR-5 Filing Eligibility
- A non-resident foreign taxpayer who is a registered OIDAR services provider in India can file for GST returns using this form
Documents Needed to File GSTR-5
- Changes to the information provided in any earlier return
- GSTIN
- Name of the taxpayer
- Capital goods and goods imported
- Supplies provided to registered people that are taxable abroad
- Unregistered individuals who receive taxable interstate supply with an invoice value of ₹2.5 lakh
- Total due amount in taxes
- Other than the items listed in table 6, which are taxable supplies to unregistered individuals (net of debit and credit notes)
- Debit entries for tax and interest payments in the computerised cash and credit ledger (to be filled in following tax payment and return submission)
- Interest, late fees, and any other amounts that are owed but not yet paid should be refunded.
How to File GSTR-9?
It is an annual return that GST-registered taxpayers must file at the end of the year. It contains all the information regarding outbound and inbound sales supplies made or received during the particular financial year. It combines all the quarterly and monthly returns (GSTR-1, GSTR-2A, and GSTR-3B) submitted during that year. Although complicated, this return aids in thorough data reconciliation for completely honest disclosures.
If the GSTR-9 is not submitted by the deadline, there is a late cost of ₹100 per day per Act. A late fee of ₹100 under CGST and ₹100 under SGST will be charged. The total penalty is therefore ₹200 for each day of non-compliance.
GST Annual Return Exemption
As per the latest updates on 5 July 2023 taxpayers registered under GST having a yearly revenue of up ₹2 crores need not file GSTR- 9.
GST Annual Return Eligibility
GSTR-9 must be filed by all taxpayers who have registered for GST. However, the following individuals are exempt from filing GSTR-9:
- Taxpayers choose the composition program
- Distributors of sporadic taxable person input services
- Non-resident taxpaying entities
- Those who pay TDS
GSTR-9 Turnover Limit
Individuals whose combined annual revenue exceeds ₹5 Crore must file GSTR-9
GSTR-9 Format
There are 6 parts inside the GSTR-9 format. These have all the information of the taxpayers.
| Part-1 | Basic taxpayer information |
| Part-2 | Information on supplies declared during the financial year, both inward and outward |
| Part-3 | Information about ITC as stated in returns submitted during the fiscal year |
| Part-4 | Information on taxes paid as reported in returns submitted throughout the fiscal year |
| Part-5 | Information about transactions from the last fiscal year (FY) that was disclosed in reports from April to September of the current FY or up until the date of filing the annual return from the prior FY. |
| Part-6 | Additional data, including demands and refunds, the HSN summary, late-fee supplies obtained from taxpayers who filed a composition tax return, presumed supplies, etc. |
Conclusion
Different GST forms have to be filed on different due dates in a year. Filing for GST return is mandatory and is very easy through Vakilsearch. Our team of experts can take over your firm’s GST filing process and ensure that you don’t miss any due dates and face any penalties. If you have any personalised questions on filing GST returns, talk to our GST expert now.
FAQs
What is GSTR 1 due date?
GSTR 1 is due monthly on or before the 11th of the subsequent month for businesses with an annual turnover of 1.5 crores or more.
What is the last date of GST Dec?
The last date to file GSTR-1 for December is October 11, 2023, for taxpayers with an annual turnover exceeding INR 1.5 crore or those opting for monthly return filing.
What is GSTR 1 due date monthly?
Businesses whose yearly revenue exceeds 1.5 crores must submit their GSTR-1 form every month, ensuring it's filed by the 11th day of the following month.
What is the GSTR-3B due date?
For monthly filers, the due date for GSTR-3B is the 20th day of the month following the tax period.
Is GSTR 1 monthly or quarterly?
GSTR-1 filing frequency can be monthly or quarterly based on the turnover. Quarterly filing is applicable for businesses with an annual turnover of 1.5 crores or more.
What is the difference between GSTR 1 and GSTR 3B?
GSTR-1 is a return reporting outward supplies (sales), filed either monthly or quarterly. Whereas, GSTR-3B is a return for tax payments.
What is the turnover limit for GSTR 1?
Quarterly filing of GSTR-1 is an option if the turnover in the previous financial year was up to ₹ 5 Crore or if the expected turnover for the current financial year is up to ₹ 5 Crore.
What is GSTR 2A and 2B?
GSTR-2A is an auto-populated view of purchases made, on the other hand, GSTR-2B is a summarised view of available input tax credit for a specific tax period.
What happens if GSTR 1 is not filed?
If GSTR-1 is not filed on time, recipients of supplies cannot claim Input Tax Credit (ITC) on the invoices issued, affecting their cash flow.
What is the date of filing of GST annual return?
GSTR-9, the annual return, must be filed by December 31 of the following year, summarising all inward and outward supplies, tax liability, and input tax credits for the financial year.
What is the due date for filing monthly GST returns?
Registered persons opting for the composition scheme must file monthly GST returns on the 10th, 15th, and 20th of each month.
