23rd GST Council Meeting – GST Return Due Date Changes
In the 23rd GST council meeting held on 10th Nov 2017, the government has announced various amendments regarding filing of GSTR returns, in this article we will discuss regarding those changes, which are as follows:
GSTR-3B return is a simple return that must be filed every month by all taxpayers. In the 22nd GST Council Meeting, it was announced that GSTR-3B return must be filed by all taxpayers registered until December 2017.
In the 23rd GST Council Meeting, it has been announced that GSTR-3B return must be filed for all months from July 2017 to March 2018. The due date for GSTR-3B return will be the 20th of every month.
GSTR-1 return must be filed by all taxpayers until March 2018 as per the following schedule. Further the due date for filing GSTR-1 will be dependent on the annual aggregate turnover of the business.
Annual Turnover of Less than Rs.1.5 Crores
Annual Turnover of More than Rs.1.5 Crores
Entities having GST registration and a turnover of more than Rs.1.5 crores per annum must file monthly GST returns as follows:
The requirement for filing GSTR 2 and GSTR 3 return has been suspended until further notice from the Government. The due dates and requirement for filing GSTR 2 and GSTR 3 return would be determined by a Committee of Officers at a future date.
Taxpayers having GST registrations under GST composition scheme GSTR-4 needs to get filed. GSTR4 is a quarterly return that was originally due on the 18th of October, January, April and July.
Now, GSTR 4 for the July to September 2017 quarter will be due only on the 24th of December 2017. The due date for subsequent quarters will be announced by the GST Council at a future date.