The Financial Budget of Indian Economy for FY 2023-24 is out with growing focus on spending and developing a robust infrastructure for the
The article enlists the important compliances due dates and various updates under the GST that have taken place during the past month, impacting the GST taxpayers at large.
A. GST Compliance Calendar:
The below tables capture these compliances in detail to ensure that the taxpayer files the returns and pay taxes under GST within the timeline to avoid late fee and interest liabilities.
|Taxpayer type||Form type||Return filing frequency||Tax Period||Due date|
|Taxpayers having an aggregate turnover of MORE than Rs. 5 Crores||GSTR-1||Monthly||January 2023||11 Feb 2023|
|Taxpayers having an aggregate turnover of LESS than Rs. 5 Crores||GSTR-1||Monthly||January 2023||11 Feb 2023|
|Taxpayers having an aggregate turnover of LESS than Rs. 5 Crores||GSTR-1 IFF (QRMP scheme taxpayers)||Quarterly||January 2023 out of Jan – March 2023 quarter||13 Feb 2023|
This return contains the details of outward supplies (consolidated data of GSTR-1), inward supplies subject to RCM payment, ITC details, exempt, nil-rated, and non-GST inward supplies, payment of tax details, etc.
|Return filing frequency||State||Tax Period||Due date|
|Greater than 5 crores||Monthly||All states||January 2023||20 Feb 2023|
|Up to 5 crores||Monthly||All states||January 2023||20 Feb 2023|
|Up to 5 crores||Quarterly||Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman and Nicobar Islands, Lakshadweep||Oct – Dec 2022||22 April 2023|
|Up to 5 crores||Quarterly||Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi||Jan – March 2023||24 April 2023|
1. Reconciliation of ITC with GSTR-2B auto-populated details of invoices is mandatory for availment of ITC in GSTR-3B by the recipient taxpayer.
2. Mandatory separate disclosures of ineligible ITC and ITC reclaimed during the month in GSTR-3B. The Department has started sending intimation to the companies to comply with the disclosure norms for Ineligible ITC in GSTR-3B.
3. As a result of the implementation of budget changes, the portal is no longer allowing the taxpayers to file the GSTR-3B if the GSTR-1 return for the same tax period is no filed. Consequently, sequential filing of GST returns has become mandatory on GSTN portal.
4. Recompute Interest button introduced in GSTR-3B to allow for the re-computation of interest liability.
Other returns and forms–
|Return form||Return/ form filing frequency||Who are required to file||Tax Period||Due date|
|GSTR-5||Monthly||Non-Resident Taxpayers||January 2023||13 Feb 2023|
|GSTR-5A||Monthly||ODIAR services provider||January 2023||20 Feb 2023|
|GSTR-6||Monthly||Input Service Distributors||January 2023||13 Feb 2023|
|GSTR-7||Monthly||GSTR 7 is a return to be filed by the persons who is required to deduct TDS (Tax deducted at source) under GST||January 2023||10 Feb 2023|
|GSTR-8||Monthly||GSTR-8 is a return to be filed by the e-commerce operators who are required to deduct TCS (Tax collected at source) under GST||January 2023||10 Feb 2023|
|PMT-06||1st and 2nd month of every quarter||QRMP scheme taxpayers (filed for 1st and 2nd month of every quarter)||January 2023||25 Feb 2023|
|GSTR-11||Monthly||Persons having Unique Identification Number||January 2023||28 Feb 2023|
GST Legal Updates:
Disclaimer: The above article is based on the author’s understanding and view of the tax laws, tax rules, the relevant circulars, and notifications. Please refer to the latest law and consult the author before forming any opinion basis the information provided above as tax laws are subject to frequent changes. The author is not responsible for any issues arising because of opinion based on the above article without consultation. In any manner whatsoever, the views expressed in this article should not be construed as the views of the firm, the author is associated with. The author can be contacted at firstname.lastname@example.org.
So many mistake blunder in this.
FOR GSTR1 QRMP upto 5c turnover QRMP is due date 13th February not 1.5 cr. Bad
Thank you Chaitanya for highlighting the turnover issue. There is no “mistake blunder” as mentioned by you. Kindly note that it as inadvertent error and not done intentionally. I have asked the team to rectify the same.
Additionally, please note that for a taxpayer if turnover is below 5 crores but it has still opted for monthly filing, the due date of GSTR-1 is 11th and not 13th.
Hope the same satisfies your query.