A.G. Chandak & Associates: GST Updated due date Chart

After 23rd GST Council Meet on 10th Nov.17 Followings are Revised Due date

GSTR-1 due dates				GSTR – 3B Due Date
For Turnover up to Rs.1.5 Cr		For Turnover more than Rs. 1.5 Cr		Mandatory irrespective of Turnover
Period (Quarterly)	Due dates	Period	Due Dates	Month	Last Date
July- Sept	31st Dec 17	July to Oct	31st Dec 17	Augt	20th Sept 17
Oct- Dec	15th Feb 18	Nov	10th Jan 18	Sept	20th Oct 17
Jan- Mar	30th April 18	Dec	10th Feb 18	Oct	20th Nov 17
		Jan	10th Mar 18	Nov	20th Dec 17
		Feb	10th Apr 18	Dec	20th Jan 18
		March	10th May 18	Jan	20th Feb 18
				Feb	20th March 18
				March	20th April 18

For turnover of more than Rs 1.5 cr

Timelines for filing of GSTR-2 and GSTR-3 for July to March 2018 to be worked out by Committee of Officers. However, subsequent month filing of GSTR-1 will not be impacted.

Others GSTR filing extensions Return	Revised Due Date	Old Due Date
GSTR-5 (for Non Resident)	15th Dec 2017	20th August 2017
GSTR-4 (for Composition Dealers)	24th Dec 2017	18th October 2017
GSTR-6 (for ISD)	31st Dec 2017	13th August 2017

Late fee & Interest

Interest is 18% per annum. It has to be calculated by the tax payer on the amount of outstanding tax to be paid. Time period will be from the next day of filing to the date of payment.
Late fee is Rs. 50 per day for NIL return late fees reduces to Rs 20 per day.

Late fees for GSTR-3B of July, Aug and Sept waived. Any late fees paid for these months will be credited back in Electronic Cash Ledger under ‘Tax’ and can be utilized to make GST payments.

Other Points :

TRNAS 1 to be filled before 31 December 2017.
GSTR-3B has been extended to March 2018
All businesses to file GSTR-3B by 20th of next month till March 2018.
All businesses to file GSTR-1 and GSTR-3B till March 2018.
Turnover under Rs 1.5 Cr to file quarterly GSTR-1
Turnover above Rs 1.5 Cr to file monthly GSTR-1
GSTR-2 and GSTR-3filing dates for July 2017 to March 2018 will be worked out later by a Committee of Officers