The changes introduced in the return formats by the GST Council are gradually getting implemented on GSTN portal. On the other hand, the government is increasingly focusing on improving the auto-population of data, strengthening the disclosure requirements in the returns, and bolstering the return filing mechanism. The timely and accurate compliances by the taxpayers form an integral part to drives these initiatives towards success. The below article covers the important GST updates for the taxpayers and the compliance calendar for the month of September 2022.
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.
GSTR-1 –
|
Taxpayer type |
Form type | Return filing frequency | Tax Period | Due date |
| Taxpayers having an aggregate turnover of MORE than Rs. 1.50 Crores | GSTR-1 | Monthly | August 2022 | 11 Sep 2022 |
| Taxpayers having an aggregate turnover of LESS than Rs. 1.50 Crores | GSTR-1 | Monthly | August 2022 | 11 Sep 2022 |
| Taxpayers having an aggregate turnover of LESS than Rs. 1.50 Crores | GSTR-1 IFF (QRMP scheme taxpayers) | Quarterly | August 2022 out of July – Sep 2022 quarter | 13 Sep 2022 |
GSTR-3B –
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.
|
Aggregate turnover |
Return filing frequency | State | Tax Period | Due date |
| Greater than 5 crores | Monthly | All states | August 2022 | 20 September 2022 |
| Up to 5 crores | Monthly | All states | August 2022 | 20 September 2022 |
| 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 | July – Sep 2022 | 22 October 2022 |
| 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 | July – Sep 2022 | 24 October 2022 |
Note:
1. ITC availed in GSTR-3B should be restricted to eligible ITC appearing in GSTR-2B. System-generated notices are getting issued to the taxpayers wherein ITC availed in the GSTR-3B is more than the ITC reflected in the GSTR-2B generated on the GSTN portal.
2. Filing of GSTR-1 is mandatory to file GSTR-3B for the relevant tax period.
Other returns and forms–
|
Return form |
Return/ form filing frequency | Who are required to file | Tax Period | Due date |
| GSTR-5 and GSTR-5A | Monthly | Non-Resident Taxpayers and ODIAR services provider | August 2022 | 20 Sep 2022 |
| GSTR-6 | Monthly | Input Service Distributors | August 2022 | 13 Sep 2022 |
| 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 | August 2022 | 10 Sep 2022 |
| 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 | August 2022 | 10 Sep 2022 |
| PMT-06 | 1st and 2nd month of every quarter | QRMP scheme taxpayers (filed for 1st and 2nd month of every quarter) | August 2022 | 25 Sep 2022 |
| GSTR-11 | Monthly | Persons having Unique Identification Number | August 2022 | 28 Sep 2022 |
| CMP-08 | Quarterly | Statement-cum-challan to declare the details or summary of his/her self-assessed tax payable for the quarter. | July – Sep 2022 | 18 October 2022 |
B. GST Updates:
- Guidelines issued by CBIC related to arrest and bail for offences punishable under GST (Instruction No. 02/2022-23 dated August 17, 2022)
- Guidelines issued by CBIC for issuing summons under GST. The guidelines advise the tax officers that instead of resorting to issuance of summon, they may issue a letter of requisition for information, if the same suffices (Instruction No. 03/2022-23 dated August 17, 2022)
- The changes in Table 4 of GSTR-3B recommended earlier have been made effective on GSTN portal with effect from 1 September 2022. Consequently, the taxpayers have to make disclosures in respect of ITC belonging to Section 17(5) of CGST Act, 2017. Further, the taxpayers are now required to separately disclose the ITC reclaimed during the month i.e., the ITC which was earlier reversed and now reavailed by the taxpayer.
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 gauravmittal756@gmail.com.
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