Let us have a bird’s eye view for the GST return preparation and due dates for the month of July 2017 and August 2017.
There have been widespread concerns over the smooth rollout of GST and there were some glaring concerns from trade and industry. These have led to a decision by the government that for the first two months of the GST implementation, GST would be payable basis a simple return form – Form GSTR-3B. This will contain a summary of outward and inward supplies and you need to submit this before 20th of the succeeding month. However, the due date of filing GSTR 3B for the period July 2017 to November 2018 has been extended to 31st December for taxpayers who have received only provisional ids and have been migrated vide Notification no 31/2018 dated 6th August 2018.
Recently, the government had extended the due dates for filing GSTR forms for the month of July. The invoice-wise details in regular GSTR 1 and GSTR 4 would have to be filed for the months of July and August 2017 as per the latest timelines given below:
(a) Taxpayers with Annual Turnover up to Rs. 1.5 Crore who opt for quarterly return filing
|Period (Quarterly)||Due Dates|
|July 2017- September 2017||31st October 2018|
|October 2017- December 2017||31st October 2018|
|January 2018- March 2018||31st October 2018|
|April 2018 – June 2018||31st October 2018|
|July 2018 – September 2018||31st October 2018|
|October 2018 – December 2018||31st January 2019|
|January 2019 – March 2019||30th April 2019|
(b) Taxpayers with Annual turnover of more than Rs 1.5 cr
|July 2017- September 2018||31st October 2018|
|October 2018- March 2019||11th of succeeding month|
|July – September 2017||24th December 2017|
|October – December 2017||18th January 2018|
|January – March 2018||18th April 2018|
It is pertinent to note for the taxpayers that though the simple form of return (Form 3B) has been prescribed by the Government for the month of July and August 2017, yet the taxpayer is also required to furnish the invoice wise details in GSTR 1, 2 and 3 for the said months on the extended due date as mentioned above. Filing of Form 3B will not conclude the liability of the taxpayer to file invoice wise details in corresponding returns for the month of July and August 2017.
GSTR 3B is the simple return prescribed by the GST Council for the period July 2017 till March 2018. This return inter alia includes details of outward supplies and details of inward supplies along with the details of payment of taxes, in a summarized/consolidated format.
The Due for GSTR 3B is 20th of the next month.
Below are the general due dates for all GSTR forms:
GST Due Dates as per the GST Act (that is in usual circumstances)
|Return Form||Periodicity||Due Date||Return Type|
|GSTR 1||Monthly||10th of the next month||Details of Outward Supplies|
|GSTR 2||Monthly||15th of the next month||Details of Inward Supplies|
|GSTR 3||Monthly||20th of the next month||Monthly return with the payment of tax|
|GSTR 4||Quarterly||18th of the next Quarter||Composite Levy taxpayers|
|GSTR 5||Monthly||20th of the next month||Non Resident Taxable Person|
|GSTR 6||Monthly||13th of the next month||Input Service Distributors|
|GSTR 7||Monthly||10th of the next month||Tax Deducted at Source|
|GSTR 8||Monthly||10th of the next month||Supplies effected through e-commerce operator|
|GSTR 9||Annually||31st December of the next Financial Year||Annual Return|
|GSTR 10||When the Registration is cancelled or surrendered||Within 3 months if the date of cancellation or date of cancellation order, whichever is later||Final Return|
|GSTR 11||Monthly||28th of the month following the month for which statement is filed||UIN holders claiming refund|
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