We are in April 2024. Ensuring compliance with GST filing dates regulations is crucial as we step into the new financial year, FY 2024-25 to remain vigilant and proactive. With the ever-changing landscape of tax laws and regulations, staying on top of GST return compliances is paramount to avoiding unnecessary interest charges and potential issues stemming from non-compliance or late submission. By keeping a close tab on GST filing dates and requirements, businesses can not only streamline their tax processes but also mitigate the risk of facing penalties or legal repercussions. Timely and accurate filing of GST returns not only demonstrates good governance but also fosters trust and credibility with regulatory authorities.
A summary for all the important GST filing dates information for the month of April, 2024 for your reference:-
The question that arises here is that are we supposed to stay alert on all the above GST filing dates and furnish returns on 10 out of the 30 days of April 2024? The answer to this depends on a variety of factors but is primarily dependent on the nature of business and the registration opted by the taxpayer. Let us now understand the tax return compliances that have to be done based on the GST registration and scheme opted by the taxpayers.
GSTR 7 and 8 – GST Filing Dates – 10th April 2024
GSTR 7 return is filed by persons who are required to deduct tax at source (TDS) under GST. It includes details of TDS deducted, TDS liability, TDS paid, and other related information. GSTR-7 needs to be filed by taxpayers who are required to deduct TDS under GST, such as government agencies and certain categories of taxpayers.
GSTR 8 return is filed by e-commerce operators who are required to collect tax at source (TCS) under GST. It contains details of supplies made through the e-commerce platform, TCS collected, TCS liability, and other relevant information. E-commerce operators are mandated to file GSTR-8 for each tax period, regardless of whether any transactions have occurred during that period.
The GST filing dates for these returns for the month of March, 2024 is 10.04.2024.
Therefore, unless you are falling under the above specified categories, the GST filing date of 10th April, 2024, is not applicable for you.
GSTR 1 (Monthly) – 11th April 2024
GSTR-1 is a monthly return that needs to be filed by registered taxpayers under the Goods and Services Tax (GST) regime in India. It contains details of outward supplies made by the taxpayer during the reporting period. The GST filing date for this return for the month of March, 2024 is 11.04.2024.
Most of the taxpayers are falling under this category and have to ensure timely and accurate filing of GSTR 1 every month.
GSTR 1 for QRMP – 13th April 2024
Taxpayers under the Quarterly Return Monthly Payment (QRMP) scheme are required to file GSTR-1 on a quarterly basis, instead of monthly. This reduces the frequency of return filing obligations for eligible taxpayers. The GST due date for this return for the quarter January to March, 2024 is 13.04.2024.
GSTR 5 and 6 – GST Filing Dates – 13th April 2024
GSTR-5 is filed by non-resident foreign taxpayers who engage in taxable activities in India and are registered under GST. GSTR-6 is filed by Input Service Distributors (ISDs) under GST. The GST filing dates for these returns for the month of March, 2024 is 13.04.2024.
Thus, only if you are registered as a Non-Resident foreign taxpayer or an ISD, this return will be applicable for your business.
CMP – 08 – 18th April 2024
CMP-08 is a quarterly return that composition dealers need to file. Composition dealers are those businesses that have opted for the Composition Scheme under GST. This scheme is designed for small businesses to simplify their compliance burden. The GST due date for this return for the quarter January to March, 2024 is 18.04.2024.
GSTR 3B (Monthly) – 20th April 2024
GSTR-3B is a monthly self-declaration that summarizes the details of outward supplies, inward supplies, and the tax liability thereof. It’s a simplified return that businesses registered under GST need to file. The GST due date for this return for the month of March, 2024 is 20.04.2024.
Similar to the GSTR 1 return, most of the taxpayers are falling under this category and have to ensure timely and accurate filing of GSTR 3B every month.
GSTR 3B (Category 1) and GSTR 3B (Category 2)
The standard due date for filing GSTR-3B for a specific month in India is the 20th of the following month. For example, if a business needs to file GSTR-3B for March, 2024, the deadline would be 20th April 2024. However, if the taxpayer is filing under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme, the due date shifts to the 22nd or 24th day of the month following the quarter’s end. The specific date, either 22nd or 24th, depends on the regulations of the state.
ITC – 04 and ITC – 05 – 25th April 2024
Both ITC-04 and ITC-05 are related to input tax credit under GST, ITC-04 is specifically for goods sent for job work, whereas ITC-05 is for the distribution of input tax credit by an Input Service Distributor. The GST filing dates for both ITC-04 and ITC-05 is 25.04.2024.
GSTR 11 – 28th April 2024
GSTR-11 is a return that needs to be filed by taxpayers who have been issued a Unique Identity Number (UIN). UINs are issued to foreign diplomatic missions and international organizations operating in India, to grant them relief from taxes on their purchases. The GST due date for this return for month of March, 2024 is 28.04.2024.
GSTR 4 for FY 2023-24 – 30th April 2024
GSTR-4 is the annual GST return specifically designed for composition dealers. While regular taxpayers typically file two monthly returns along with an annual return (with certain exemptions), dealers under the composition scheme have a different reporting schedule. The GST due date for this return for FY 2023-24 is 30.04.2024.
Therefore, if you are a composition dealer then this is an important due date for your GST calendar.
One reply on “GST filing dates – April 2024 – 10 Important dates”
[…] can download the calendar for April, 2024 by clicking […]