As we enter May 2024, it is crucial to mark the GST due date for April 2024 returns to avoid penalties or interest due to late or non-filing. Recent notices of substantial demands being raised on major companies underscore the importance of compliance. To ensure timely filing and adherence to GST laws, it is imperative to take proactive steps and file the returns within the prescribed due date.
A summary for all the important GST due date information for the month of May, 2024 for your reference:-
The returns to be furnished by you depend 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 due date 10th May 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 April, 2024 is 10.05.2024.
Therefore, unless you are falling under the above specified categories, this due date of 10.05.2024, is not applicable for you.
GSTR 1 (Monthly) – 11th May 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 due date for this return for the month of April, 2024 is 11.05.2024.
Most of the taxpayers are falling under this category and have to ensure timely and accurate filing of GSTR 1 every month.
GSTR 5 and 6 – 13th May 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 due date for the month of April, 2024 is 13.05.2024.
Thus, only if you are registered as a Non-Resident foreign taxpayer or an ISD, this return will be applicable for your business.
GSTR 3B (Monthly) – 20th May 2024
GSTR-3B is a monthly self-declaration that summarizes the details of outward supplies, inward supplies, and the tax liability thereof. It is a simplified return that businesses registered under GST need to file. The GST due date for this return for the month of April, 2024 is 20.05.2024.
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.
PMT – 06 – 25th May 2024
The PMT-06 return is used for making payment of tax and other amounts by taxpayers registered under the Goods and Services Tax (GST) regime. Taxpayers registered under the composition scheme use PMT-06 to pay their tax liabilities.
GSTR 11 – 28th May 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 April, 2024 is 28.05.2024.
You can download the calendar for April, 2024 by clicking here.
GSTN has also decided to launch an enhanced portal on 03.05.2024. Stay tuned for more.