As the month of January 2025 progresses, businesses and taxpayers need to be aware of several important GST return filing deadlines. Staying compliant with these deadlines is crucial to avoid penalties and ensure smooth operations. Below is a detailed list of the upcoming due dates for various GST returns:
Staying on top of GST compliance is crucial for businesses to avoid penalties and ensure smooth operations. Here are the important upcoming due dates for various GST returns and forms for the months of January 2025:
GST Return Due Dates For February 2025
Monthly Returns
- GSTR-3B (January 2025): Due on February 20th, 2025
- GSTR-1 (January 2025): Due on February 11th, 2025
- GSTR-5 (January 2025): Due on February 13th, 2025
- GSTR-5A (January 2025): Due on February 20th, 2025
- GSTR-6 (January 2025): Due on February 13th, 2025
- GSTR-7 (January 2025): Due on February 10th, 2025
- GSTR-8 (January 2025): Due on February 10th, 2025
Quarterly Returns
- GSTR-3B (January-March 2025): Due on April 22nd, 24th, 2025
- GSTR-1 (January-March 2025): Due on April 13th, 2025
- CMP-08 (January-March 2025): Due on April 18th, 2025
Optional Returns
- IFF (Optional) (January 2025): Due on February 13th, 2025
Refund Applications
- RFD-10: Due 2 years from the last day of the quarter in which supply was received
FAQs on GST Due Dates
Q1: What happens if I miss the due date for filing GSTR-3B? A1: Missing the due date for filing GSTR-3B can result in late fees and interest on the outstanding tax liability. It’s important to file on time to avoid these penalties.
Q2: Can I file GSTR-1 after the due date? A2: Yes, you can file GSTR-1 after the due date, but you may incur late fees. Timely filing helps in maintaining compliance and avoiding penalties.
Q3: What is the significance of the IFF (Invoice Furnishing Facility)? A3: The IFF allows quarterly return filers to upload their invoices monthly, ensuring their buyers can claim ITC promptly. It’s optional but beneficial for maintaining smooth business operations.
Q4: How do I know which due date applies to me for GSTR-3B (October-December 2024)? A4: The due date for GSTR-3B can vary based on the turnover and state of the taxpayer. Check the specific notification or consult with your tax advisor for the exact due date applicable to you.
Q5: What is the purpose of Form RFD-10? A5: Form RFD-10 is used for claiming refunds of unutilized input tax credit on account of exports or supplies to SEZ units/developers without payment of tax. The due date is within 2 years from the last day of the quarter in which the supply was received.
By keeping track of these due dates and understanding the requirements, businesses can ensure timely compliance with GST regulations. For any specific queries or detailed guidance, consulting with a tax professional is recommended.
Make sure to file your returns on time to avoid any penalties or interest charges.
Key Takeaways
- Timely Filing: Ensure all returns are filed by the due dates to avoid late fees and penalties.
- Quarterly Returns: Pay special attention to quarterly returns like GSTR-3B and CMP-08, which have specific deadlines.
- Non-resident Returns: Non-resident taxpayers must adhere to the deadlines for GSTR-5 and GSTR-5A to remain compliant.
By keeping track of these deadlines, businesses can maintain compliance with GST regulations and avoid any disruptions in their operations. Mark these dates on your calendar and set reminders to ensure timely filing.
If you have any specific questions or need further assistance with GST return filing, feel free to ask!
The FAQ on GST Return Dates
The GSTR 3B due date is the 20th of Next month.
Yes, please check the above chart to see the extended date.
Please check the above chart to see the individual due date.
Yes, the dates are extended in a staggered manner on the basis of states. The new dates are 22nd & 24th of the next month for turnover less than Rs. 5 crores.
yes, every GST-registered person must file the GST return.
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