Below mentioned are the due date for filing of returns under GST regime pertaining to the FY 17-18:
i) Form GSTR 3B for March’18 – Last date for filing the return is 20th April 2018
ii) Form GSTR 1 for Feb’18 – Last date for submitting the details is 10th April 2018
iii) Form GSTR 1 for Mar’18 – Last date for submitting the details is 10th May 2018
iv) Form GSTR 6 (July’17 – Mar’18) – Last date for filing the return is 31st May 2018
v) Form GSTR 4 (Jan’18-Mar’18) – Last date for filing the return is 18th April 2018
Taxpayers should check with the aggregate turnover for the FY 2017-2018 and the projected aggregate turnover for the FY 2018-2019 in order to determine the return filing cycle for the FY 2018-2019:
Taxpayer can choose any of the option, but once selected the option cannot be changed for the financial year.
1. Monthly GST Return and due-date:
> All taxpayers except small taxpayers, composition dealer, Input Service Distributor (ISD), Non-resident registered person, persons liable to deduct tax or collect tax at source u/s 51/52 of CGST Act, 2017 shall file one monthly return.
> Dates of return filing will be on staggered manner based on the reported turnover in last year i.e. 2017-18, annualized for the full year. A newly registered taxpayer shall be classified on the basis of self-declaration of the estimated turnover.
> The due date for filing of monthly return for the large taxpayer shall be 20th of the next month.
2. Nil GST return and Small taxpayers:
> Taxpayers having no purchases, no output tax liability and no input tax credit shall file one NIL return for the entire quarter through SMS facility.
> Small Taxpayer are those taxpayers whose turnover is up to Rs 5 Cr. In the last Financial Year, who will have optional facility to file quarterly return with monthly payment of taxes on self-declaration basis.
3. Uploading and viewing:
> Invoices uploaded by the supplier by 10thof succeeding month shall be auto-populated in the liability table of the main return of the supplier.
> After the due date for filling of the return is over, the recipient shall check & verify ,as he is able to see the return filling status of the supplier & be aware whether the tax liability on purchases made by him has been discharged by the supplier or not
4. After uploading of invoices by supplier steps taken by the recipients:
> Taxes payable on invoices uploaded by the supplier by 10th of the next month which can be availed as ITC shall be posted in the relevant field of the input tax credit table of the return of the recipient by 11th of the next month.
> Invoices uploaded after 10th of next month by the supplier shall get posted in the relevant field of the return of the subsequent month of the recipient though viewing shall be continuous.
> After 11th of the next month, the recipient shall be able to accept, reject or keep pending a particular invoice but the maximum limit of eligible ITC will be based on the invoices uploaded by the supplier upto 10th of the subsequent month.
1. Quarterly filing and monthly payments:
> A facility has been provided to small taxpayer to file quarterly return, who had a turnover up to Rs. 5 Cr. in the last financial year.
> But such taxpayer will pay their taxes on monthly basis and avail ITC on self-declaration basis to pay the monthly
2. Quarterly or monthly return:
> Option for filing monthly or quarterly return shall be taken at the beginning of the year. Thereafter they would continue to file the return during the year as per option selected.
> Option to change from monthly to quarterly or vice-versa shall be allowed only once and at the beginning of any quarter.
3. Uploading of invoices:
The recipients from these small taxpayers would not need to upload invoices on regular basis for availing tax credit. They had given the facility to upload invoices in normal course up to the date of 10th of succeeding month which will be available as ITC to the recipients in the same month.