GST Compliance Dates
GST Compliance Dates, the timelines for complying with Goods and Services Tax (GST) in India may differ based on the specific type of compliance and the corresponding GST returns.
Here are some common compliance dates to be aware of:
1. GST Registration:
The date for GST registration depends on the turnover of the business. If the annual turnover exceeds the prescribed threshold (currently INR 40 lakhs for most states, INR 20 lakhs for some special category states), registration is required within 30 days from the date of exceeding the threshold.
GST Return Filing:
1. GSTR-1:
Monthly or quarterly, based on turnover (10th of the following month or 13th of the following month for quarterly filers).
2. GSTR-3B:
Monthly (20th of the following month).
3. GSTR-4:
Annually for Composition Scheme (30th April of the following financial year).
4. GSTR-9:
Revised version: “GSTR-9: Annual Report (As of December 31st of the following financial year).
5. GSTR-9C:
Reconciliation statement for taxpayers above a certain turnover threshold (31st December of the following financial year).
It’s important to note that these dates are based on the information available up to September 2021. The compliance dates may be subject to change, so it’s advisable to regularly check the official GST portal and stay updated with any notifications or circulars issued by the authorities.
Additionally, specific due dates for compliance requirements may vary based on factors such as the state of registration, turnover, composition scheme eligibility, and any extensions or waivers announced by the government.
Therefore, it is recommended to consult with a qualified GST professional or refer to the official GST portal for the most accurate and up-to-date compliance dates applicable to your business.
To visit https://www.gst.gov.in/
For further details access our website https://vibrantfinserv.com
