GST compliance calendar for December 2024

As we move into December 2024, it’s crucial for businesses to stay on top of their GST compliance requirements. This month’s GST compliance calendar outlines key dates and deadlines for filing various GST returns. Adhering to these deadlines ensures smooth business operations and avoids potential penalties. This article provides a detailed breakdown of the GST returns due in September 2024, covering monthly and quarterly filings for different taxpayer categories.

Key components highlighted in the article include the GSTR-1 form and its due date for taxpayers with different turnover thresholds. It also explains the GSTR-1 IFF form specifically for QRMP scheme taxpayers, along with its filing frequency and due date.

Additionally, the article covers the GSTR-3B return, which includes important details such as outward supplies, ITC details, and tax payment information. It distinguishes between taxpayers with an aggregate turnover greater than 5 crores and those with turnover up to 5 crores, providing the respective filing frequencies, tax periods, and due dates.

Furthermore, the article sheds light on other returns and forms such as GSTR-5, GSTR-5A, GSTR-6, GSTR-7, GSTR-8, GSTR-11, and CMP-08. It explains their filing frequencies, who is required to file them, and the associated tax periods and due dates.

Complying with GST regulations is essential for businesses, and the GST compliance calendar serves as a valuable resource. By understanding the different forms, filing frequencies, and due dates, businesses can ensure timely and accurate filing, avoiding penalties, and maintaining good compliance practices. Stay informed and organized with this comprehensive guide to GST compliance.

GST compliance calendar for December 2024 (Updated on 30th November 2024)

GSTR-1 –

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.

Note: IMS dashboard is not generating the data properly. To ensure accuracy in the filing of GSTR-3B, it is advisable to re-compute the ITC amount before the filing of the return.

Other returns and forms –

GST compliance calendar for November 2024 (Updated on 2nd November 2024)

GSTR-1 –

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.

Note: October 2024 GSTR-3B can be filed upto 30^th November 2024 alongwith applicable interest for cash liability. This will allow taxpayers to reconcile and make necessary amendments in outward liability or claim ITC in respect of purchases pertaining to FY 2023-24.

Other returns and forms –

GST compliance calendar for October 2024 (Updated on 30th September 2024)

GSTR-1 –

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.

Note:

Other returns and forms–

GST compliance calendar for September 2024 (Updated on 31st August 2024)

GSTR-1 –

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.

Other returns and forms–

GST compliance calendar for August 2024 (Updated on 04th July 2024)

GSTR-1 –

Note – Important changes in GSTR-1:

• HSN summary can be fetched from the HSN details reported while generating e-invoices on the e-invoice portal. However, in case of any error while reporting the HSN / SAC code in the e-invoice, the taxpayer has the option to do the necessary corrections while filing the GSTR-1.
• Taxpayers have the new return functionality of GSTR-1A to add new record or amend existing record reporting in the GSTR-1 filed for that particular tax period. The functionality is open from the actual date of filing of GSTR-1 or the due date of filing of GSTR-1, whichever is earlier. Further, such form can be filed upto the filing of GSTR-3B. Any changes made in GSTR-1 through such form will be reflected in the GSTR-3B of the same month to the taxpayer.

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.

Other returns and forms– 

 GST compliance calendar for July 2024 (Updated on 01st July 2024)

GSTR-1 –

Note – Important changes in GSTR-1

• HSN summary can be fetched from the HSN details reported while generating e-invoices.
• Taxable supplies made by registered taxpayers through e-commerce operators should be reported under Table 14 of GSTR-1. The amount reported in Table 14 should be sum total of supplies covered under Section 52 and Section 9(5) of the CGST Act.
• Supplies made by e-commerce operators wherein e-commerce operators are required to pay tax under Section 9(5) of the CGST Act is required to be reported in Table 15.

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.

Other returns and forms–

GST compliance calendar for June 2024 (Updated on 02nd June 2024)

 GSTR-1 –

Note – Important changes in GSTR-1

• HSN summary can be fetched from the HSN details reported while generating e-invoices.
• All taxpayers having aggregate turnover exceeding INR 5 crores in FY 2023-24 are required to be registered on e-invoice portal and generate e-invoices for all documents pertaining to B2B and export supplies.
• Taxable supplies made by registered taxpayers through e-commerce operators should be reported under Table 14 of GSTR-1. The amount reported in Table 14 should be sum total of supplies covered under Section 52 and Section 9(5) of the CGST Act.
• Supplies made by e-commerce operators wherein e-commerce operators are required to pay tax under Section 9(5) of the CGST Act is required to be reported in Table 15.

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.

Other returns and forms–

GST compliance calendar for May 2024 (Updated on 01st May 2024)

GSTR-1 

Note – Important changes in GSTR-1

• HSN summary can be fetched from the HSN details reported while generating e-invoices.
• Supplies made through e-commerce operator wherein e-commerce operator is required to pay tax

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.

Other returns and forms

GST compliance calendar for April 2024 (Updated on 01st April 2024)

GSTR-1 –

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.

Other returns and forms–

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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 [email protected].

(Republished with amendments)