ComplianceGST

GST Filing Dates in December 2023

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 Due Date for November 2023: 11/12/2023

 

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

Tip: If you are confused about calculating your GST amount, use this free GST online calculator from 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.

 

GSTR-3B November 2023 Filing Due Date: 20/12/2023

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.

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 Due Date for November 2023: 20/12/2023

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.

Gst Annual Return Due Date: 31/12/2023

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 latest updates on 5 July 2023 taxpayers registered under GST having an 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

Start GST Return Filing 

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. 

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