Latest Update on GST Return Filling and Compliance

 

Latest Update on 1 May 2021.

GST Latest Update as of 15th October 2020

The CBIC has notified the due dates for furnishing GSTR-1 from October 2020 to March 2021

10 Jan 2021 (Sunday)

✓ Form GSTR-7 for the month of December 2020 (For TDS Deductors under section 51)

✓ GSTR-8 for the month of December 2020 (For TCS collection by E-Commerce Operators under section 52)

11 Jan 2021 (Monday)

✓GSTR-1 for the month of December 2020 (For Monthly Taxpayers)

13 Jan 2021 (Wednesday)

✓Form GSTR-1 for the quarter October – December 2020 (For Quarterly Taxpayers)

✓ GSTR-6 for the month of December 2020 (For Input Service Distributors – Rule 65 & 39)

18 Jan 2021 (Monday)

✓ CMP-01 for the quarter October – December 2020 (For Composite Taxpayers)

20 Jan 2021 (Wednesday)

✓ GSTR-3B for the month December 2020 (For Taxpayers having turnover more than 5 Cr.)

✓ In case GSTR-5 for the month of December 2020 (For Non-Resident Taxpayers – Rule 63)

✓ GSTR-5A for the month of December 2020 (For OIDAR Service Providers – Rule 64)

22 Jan 2021 (Friday)

✓ GSTR-3B for the month December 2020 (For Taxpayers having turnover upto 5 Cr.) – Category I States

* State Category I – Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

22 Jan 2021 (Friday)

✓ GSTR-3B for the month December 2020 (For Taxpayers having turnover upto 5 Cr.) – Category I States

* State Category I – Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

GST Returns –Due date for filing specified returns extended – Notification Nos. 59-63/2017–Central Tax, all dated 15-11-2017 have been issued for this purpose.

Return	Month/Quarter	Revised due date	Additional comments
GSTR-4	the quarter of July to September 2017	24-Dec-2017	To be filed by Composition supplier.
GSTR-5	For the month July, August, September & October 2017	11-Dec-2017	Tobe filed by a non-resident taxable person.
GSTR-5A	Month July, August, September & October 2017	15-Dec-2017	To be filed by the person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient.
GSTR–6	For the month of July	31-Dec-2017	Tobe filed by Input Service Distributor (ISD).
ITC-04	Quarter of July to September 2017	31-Dec-2017	In respect of goods dispatched to a job worker or received from a job worker or sent from one job worker to another.

Late fees for delayed filing of GSTR-3B waived –

• Conditional Waiver of late fee for delayed furnishing of return in Form GSTR-3B for tax periods February 2020 to July 2020
• Late fee payable by any registered person for failure to furnish the return in FORM GSTR-3B for the month of February 2020 to July 2020 which is in excess of a number of twenty-five rupees for every day.
• Provided that where the total amount of central tax payable in the said return is nil, waived to the extent which is in excess of an amount of ten rupees for every day, Notification No. 64/2017-Central Tax, dated 15-11-2017.

GSTR-3B made mandatory till March 2018 – Notification Nos. 56/2017-Central Tax, dated 15-11-2017.

SI. No.	Month	Last date for filing of  return in FORM GSTR-3B
1	January 2018	20th February 2018
2	February 2018	20 March 2018
3	March 2018	20th April 2018

The due date for filing GSTR-1 – Notification Nos. 57-58/2017-Central Tax, dated 15-11-2017

Time limit for furnishing the details of outward supplies in FORM GSTR-1 by such class of registered persons, having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year

SI No.	Months for which the details in FORM GSTR-1 are furnished	The time period for furnishing the details in FORM GSTR-1
1	July – October 2017	31st December 2017
2	November 2017	10th January 2018
3	December 2017	10 February 2018
4	January 2018	10th March 2018
5	February 2018	10 April 2018
6	March 2018	10th May 2018

having an aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current  FY.

SI No.	Months for which the details in FORM GSTR-1 are furnished	The time period for furnishing the details inFORM GSTR-1
1	July – September 2017	31st December 2017
2	October – December 2017	15th February 2018
3	January – March 2018	30th April 2018

 

Oct 2021 GST Update

• Maha AAR: No GST exemption for tourist vehicles carrying Covid patients. It fails on moral grounds.
• CBIC directs GST Officer to issue SCNs based on difference in ITR-TDS data and Service Tax Returns only after Proper Verification.
• Pen in pain: Pen associations write to government over GST rate increase.
• Minutes of 43rd & 44th Meeting is available now, link is below below, cannot share due to size. https://gstcouncil.gov.in/meetings
• Ice-cream parlours facing a meltdown over 18% GST levy with Retro effect.
• TN AAR: No input tax credit on festive offers to retailers.
• Maharashtra AAR: Only supplier of goods or services can apply for a GST advance ruling.
• Gujarat AAR: GST is not applicable on the amount collected from the employees towards canteen charges.
• Telangana AAR: e-procurement transaction fee collected by an agency on behalf of the government is chargeable to GST.
• TSAAR: Arbitration award to attract GST even if infra project was completed under earlier.
• National Informatics Centre (NIC) has issued a list of GSTINs updated till October 18, 2021 generating IRN.The List of GSTINs can be accessed at: https://einvoice1.gst.gov.in/Others/GSTINsGeneratingIRN.

GST Update for Oct 2023 :

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