Filing of GST Return
The government issues GST return forms occasionally that need to be filed by the taxpayers before the set expiration dates. These include returns like GSTR 1, GSTR 3B and so on which have to be filed and uploaded online. To assist the taxpayers in remaining a step ahead on the compliance front, below are the GST return filing deadlines for July 2024, along with the forms.
Government Notifications and Compliance
In order to sort out the correct taxation and clearance, the government sets due dates for GST return filing from time to time. The drive does enhance the possibility of creating awareness to the taxpayers so that they can discharge their responsibility on time to avoid penalties and compounding of interest on their taxes. Staying abreast of these notifications is important to ensure that one does not fall foul of the law as regards GST.
Filing Requirements on a Monthly and Quarterly Basis
Out of all of them, GSTR 1 and GSTR 3B need to be filed monthly, with a few exceptions on the part of the sender. Awareness of the due dates of these forms is crucial to prevent accrual of interest or penalties on the returns. Personally, GSTR 1 is filled for details of sales and outward supplies of goods as well as services while GSTR 3B is a summarized return to declare the GST liabilities.
Composition Scheme Dealers
A taxpayer opting for the composition scheme has to file the form GST CMP 08 for every quarter. Unlike the monthly filings, this minimizes the frequency in filing updates but cannot be entirely ignored because it must be filed on time. The composition scheme is tiny taxpayer-friendly as it offers a simpler method of regulating tax compliance.
The GST return filing calendar for July 2024
Below is the GST return filing calendar for the month of July 2024 for the help of taxpayers.
GSTR 1: The prescribed legal filings are due on the 11th of July 2024
GSTR 3B: These should be delivered no later than the 20th of July 2024.
GSTR 4: The due date is eighteen July two thousand twenty-four.
GSTR 5: Filing due July 20 th, 2024
GSTR 6: Return is to be filed on or before the 13 ^{th} of July 2024.
GSTR 7: Filing due for the period ending on May 2024 is by the 10th of July 2024.
For registered persons required to furnish the details of their interstate supplies made during the previous month, GSTR 8 is Due by the 10th of July 2024.
GSTR 9 and 9C: Returns due on the 31st July 2024, amounts due annually
