All You Need to Know About GST Filing Deadlines: January 2025
In order to help taxpayers remain on top of the deadlines for GSTR-3B, GSTR-1, CMP-08, and other crucial forms, this blog summarizes the crucial dates for completing GST returns in January 2025. It also gives advice for seamless compliance and insights on how to prevent penalties through timely filing.
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Timely compliance with GST return filing is crucial to avoid penalties and ensure smooth business operations. Below is a chart highlighting the key deadlines for filing GST returns in January 2025.
1. Filing Deadlines: At a Glance
| Return Type | Period | Due Date | Details |
|---|---|---|---|
| GSTR-3B | December 2024 | January 20, 2025 | Consolidated monthly return for tax payment. |
| GSTR-3B (Quarterly) | October-December 2024 | January 22, 2025 & January 24, 2025 | Applicable for QRMP taxpayers. |
| GSTR-1 | December 2024 | January 13, 2025 | Details of outward supplies. |
| GSTR-1 (Quarterly) | October-December 2024 | January 15, 2025 | For taxpayers under QRMP. |
| CMP-08 | October-December 2024 | January 18, 2025 | Quarterly turnover and tax liability report. |
| IFF (Optional) | December 2024 | Not Applicable | Optional for QRMP taxpayers. |
2. Other Key Filing Dates
| Return Type | Period | Due Date | Details |
|---|---|---|---|
| GSTR-5 | December 2024 | January 15, 2025 | For non-resident taxable persons. |
| GSTR-5A | December 2024 | January 20, 2025 | For OIDAR service providers. |
| GSTR-6 | December 2024 | January 15, 2025 | For Input Service Distributors (ISD). |
| GSTR-7 | December 2024 | January 12, 2025 | For taxpayers deducting TDS under GST. |
| GSTR-8 | December 2024 | January 12, 2025 | For e-commerce operators collecting TCS. |
| RFD-10 | Refund Claims | 2 Years (from last day of the quarter) | Refund for specific cases like exports. |
How to Make Sure You Comply on Time
- Arrange the Data: Compile all of your invoices, then reconcile your ITC information.
- Get Returns Ready in Advance: To prevent delays, use offline utilities or the GST portal.
- Send in Early: File ahead of time to avoid last-minute hiccups.
- Check with DSC/EVC: Make sure the authentication of your files is accurate.
Penalties for Non-Compliance
| Non-Compliance | Penalty/Interest |
|---|---|
| Late Filing | ₹50/day for regular taxpayers (₹20 for NIL returns). |
| Delayed Tax Payment | 18% per annum on outstanding tax amount. |
In Conclusion
Remember these crucial dates to prevent fines and guarantee hassle-free GST filing compliance. It's advisable to file your returns as soon as possible because missing a deadline might result in late fines and issues.
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Note-All the aforementioned information in the article is taken from authentic resources and has been published after moderation. Any change in the information other than fact must be believed as a human error. For queries mail us at marketing@myitronline.com
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Krishna Gopal Varshney
An editor at apnokacaKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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Krishna Gopal Varshney
An editor at Myitronline
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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