Staying on top of tax obligations is essential for both individuals and businesses in India. A GST calendar can be an invaluable tool, ensuring compliance with the due dates set by the Central Government. Missing these deadlines can lead to hefty penalties and legal issues, so you must clearly understand tax due dates and the required forms.
In this guide, we’ll explore the importance of a GST calendar, the different forms associated with GST return filing, and provide an overview of the GST compliance dates for August 2024. We’ll also cover the implications of missing deadlines and offer tips on how to avoid late fees and penalties.
A GST calendar is a comprehensive list of important dates for filing all GST returns. It serves as a reminder for registered businesses and professionals to ensure they comply with GST regulations well in advance. By keeping track of these dates, taxpayers can file the necessary returns and forms under GST law on time, avoiding interest charges or late fees.
Understanding the different forms associated with GST return filing is crucial for ensuring compliance. Here’s a quick overview:
You may need additional forms like GSTR-5, GSTR-5A, GSTR-6, GSTR-7, and GSTR-8 for special transactions.
You may also want to know Depreciation Under Income Tax Act
To help you stay on top of your GST obligations, here is a detailed GST compliance calendar for August 2024:
| Due date* | Form/Function | Period | Description |
| 10th April | GSTR-7(Monthly) | March’24 | Summary of Tax Deducted at Source (TDS) and deposited under GST laws |
| GSTR-8(Monthly) | March’24 | Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws | |
| 11th April | GSTR-1(Monthly) | March’24 | Summary of outward supplies where turnover exceeds Rs.5 crore (in the current FY and the previous FY) or have not chosen the QRMP scheme for Jan-Mar 2024 |
| 13th April | GSTR-1(Quarterly) | Jan-Mar’24 | Summary of outward supplies by taxpayers who have opted for the QRMP scheme** |
| GSTR-5(Monthly) | March’24 | Summary of outward taxable supplies and tax payable by a non-resident taxable person | |
| GSTR-6(Monthly) | March’24 | Details of ITC received and distributed by an ISD | |
| 18th April | CMP-08(Quarterly) | Jan-Mar’24 | Quarterly challan-cum-statement to be furnished by composition taxpayers |
| 20th April | GSTR-5A(Monthly) | March’24 | Summary of outward taxable supplies and tax payable by a person supplying OIDAR services |
| GSTR-3B(Monthly) | March’24 | Summary return for taxpayers with a turnover of more than Rs.5 crore (in the current FY and the previous FY) or who have not chosen the QRMP scheme for Jan-Mar 2024 | |
| 22nd April | GSTR-3B (Quarterly) | Jan-Mar’24 | Summary return for taxpayers who have opted for the QRMP scheme and registered in category X states or UTs# |
| 24th April | GSTR-3B (Quarterly) | Jan-Mar’24 | Summary return for taxpayers who have opted for the QRMP scheme and registered in category Y states or UTs## |
| 25th April | ITC-04 | Oct-Mar’24/ FY 2023-24 | Half-yearly/yearly summary of goods sent to or received from a job-worker for those with a turnover of more than and up to Rs.5 crore in the given FY, respectively |
| 28th April | GSTR-11 | Mar’24 | Statement of inward supplies by persons having a Unique Identification Number (UIN) for claiming a GST refund |
| 30th April | GSTR-4(Annually) | FY 2023-24 | Annual return for taxpayers who opted into the composition scheme |
Disclaimer: Group A and Group B state and union territories are divided in the following manner
| Group A | Group B |
| Madhya Pradesh | Punjab |
| Chhattisgarh | Uttarakhand |
| Tamil Nadu | Meghalaya |
| Gujarat | West Bengal |
| Karnataka | Mizoram |
| Maharashtra | Manipur |
| Daman & Diu | Odisha |
| Lakshadweep | Jammu and Kashmir |
| Dadra & Nagar Haveli | Nagaland |
| Telangana | Arunachal Pradesh |
| Kerala | Assam |
| Goa | Himachal Pradesh |
| Andhra Pradesh | Chandigarh |
| Andaman and Nicobar Islands | Delhi |
| Puducherry | Ladakh |
| – | Jharkhand |
| – | Sikkim |
| – | Bihar |
| – | Haryana |
Individuals should check the GST return due dates 2021 based on the state where they are registered.
Failing to adhere to GST payment deadlines can result in significant financial penalties:
A GST calendar is an essential tool for ensuring timely compliance with tax obligations. By keeping track of important due dates and understanding the different forms associated with GST return filing, taxpayers can avoid penalties and maintain a smooth tax filing process. Regularly updating the GST calendar and referring to it each month will help you stay on top of your GST obligations.
Missing a GST filing deadline can result in interest charges and late fees. The interest is charged at 18% per annum, and a late fee of ₹200 per day is imposed.
Yes, if there are no transactions during a particular month, you must still file a nil return to avoid penalties.
The QRMP scheme allows taxpayers with an annual turnover of up to ₹5 crore to file GSTR-1 and GSTR-3B quarterly while making monthly tax payments.
Yes, there is a late fee of ₹100 per day under SGST and ₹100 under CGST, totaling ₹200 per day.
You can avoid late fees by keeping track of due dates using a GST calendar and ensuring that all returns are filed on time.
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