Every individual and business in India must bear tax liabilities as per the guidelines set by the Central Government. One of the crucial aspects of paying taxes is sticking to the due dates outlined by the authorities. A GST calendar can help one comply with the stipulated dates, by informing him/her when the taxes are due. Non-compliance can lead to hefty penalties and/or legal complications as well. 

Therefore, a GST compliance calendar is crucial for people and businesses who intend to clear all outstanding tax liabilities within the stipulated dates. However, before proceeding to learn more about this calendar and its format, one must learn about the different forms associated with GST return filing.

GST Return Filing Overview

Individuals and businesses with an annual aggregate turnover of Rs.1.5 crore or more need to submit forms GSTR-1 and GSTR-3B every month. However, if one’s turnover is below that threshold, they need to submit Form GSTR-3B each month and GSTR-1 quarterly. Additional returns, such as GSTR-2A and GSTR-2B, help a taxpayer claim input tax credit through GSTR-3B.

In case of special transactions, one needs to check the GST calendar and file returns, using Forms GSTR-5A, GSTR-5, GSTR-7, GSTR-6 and GSTR-8. If a taxpayer is registered under a composition scheme, he/she needs to clear taxes every quarter by submitting form CMP-08. Additionally, the taxpayer will need to submit GSTR-4 annually by April 30th to meet his/her tax liabilities for the year.

Compliance Calendar for September 2020

Keeping the above factors in mind, a taxpayer can refer to the table below to assess GST due dates for the month of September 2020.

Applicable For Form No. Due Date
Individuals with annual aggregate turnover of Rs.1.5 crore or more/ Individuals who prefer monthly return filing GSTR-1 September 11th 
All Online Information Database Access and Retrieval (OIDAR) service providers   GSTR-5A September 20th 
All Non-residential Indians (NRI) GSTR-5 September 20th 
Every Input Service Distributor (ISD) operating within India  GSTR-6 September 13th 
Individuals looking for TDS deductions from their GST payments GSTR-7 September 10th 
E-commerce operators with a summary of tax collected at source (TCS)  GSTR-8 September 10th 
Annual GST returns filing for composition and regular taxpayers  GSTR-9 September 30th 
Individuals with an annual turnover exceeding Rs.5 crore need to file an Annual Reconciliation Statement GSTR-9C September 30th 
Annual turnover of up to Rs.5 crore in previous FY for May 2020 (Group A states and UTs) GSTR-3B September 12th 
Annual turnover of up to Rs.5 crore in previous FY for May 2020 (Group B states and UTs) GSTR-3B September 15th 
Annual turnover of more than Rs.5 crore in the previous FY for August 2020  GSTR-3B September 20th 

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

Individuals should check the GST return due dates 2020 based on the state where they are registered.

Important Points to Note Regarding GST Filing

Individuals must compulsorily file their GST returns within the stipulated dates, even when there is no transaction to report. In such a case, the taxpayer will need to file a nil return. Thus, knowledge of the GST calendar is mandatory to avoid non-compliance. Listed below are some other factors to note – 

  • GST filing for the current month is impossible if the taxpayer in question is yet to file the returns from the previous month.
  • Delaying payment of GST will lead to a cascading effect, further intensifying penalties and fines with each passing month of non-compliance. 
  • The liability ledger in GSTR-3B, which is filed immediately after a delay, will contain the late payment fee, resulting from the aforementioned hindrance in GST payment.

Interest Levied/Penalty Charged for Late GST Payments

If taxpayers fail to adhere to the stipulated due dates for GST payments, they would need to bear penalty charges. Thus, one must be informed about the GST rates at which the Indian Government charges interest on late tax payments. Refer to the following pointers for more information – 

  • 18% interest added with each day of delay

A taxpayer will need to bear an additional 18% of payment with each day of delay in clearing his/her GST liabilities. For example, Raj’s GST liability is Rs.5000 for a given year. He fails to clear the dues within the stipulated date. Instead, he clears it a day later. Thus, his fine or interest on the liabilities would be –

Interest on GST = 5000 x (18/100) x (1/365) = Rs.2.46 per day.

Assuming that Raj clears the outstanding liabilities just a day after the due date, his increased liability would be Rs.5002.46.

  • Late Fee as Per GST Act

Apart from the interest levied on the tax amount, delayed GST payments also lead to additional fees. According to the GST Act of 2017, delayed payments result in charges of Rs.100 per day for SGST and Rs.100 under CGST. Therefore, each day of delay results in the addition of Rs.200 to a person’s outstanding liabilities.

One can easily avoid these hefty fines with smart usage of a GST calendar. Besides helping an individual gauge the due date for filing specific GST returns, such calendars are also indispensable when it comes to planning tax-payments beforehand. A taxpayer must mandatorily check back every month for fresh due dates, published by the government.