GST

Important GST Return Filing Due Dates - June 2024

This blog post serves as a one-stop resource for businesses in India navigating the Goods and Services Tax (GST) regime. It provides a clear understanding of various GST return types and their applicability. The core focus is on the crucial due dates for filing GST returns in June 2024. A well-organized table summarizes the deadlines for each return type, along with a brief description and applicability criteria. The blog emphasizes the importance of staying updated on potential changes to these deadlines by referring to the official GST portal.

Staying compliant with the Goods and Services Tax (GST) regime is crucial for businesses in India. Meeting GST return filing deadlines is essential to avoid penalties and ensure smooth tax administration. As June 2024 approaches, here's a detailed breakdown of the important due dates you need to remember

Understanding GST Return Types and Applicability

Before diving into specific due dates, it's important to understand the different types of GST returns and which ones apply to your business:

GSTR-1: Details outward supplies made during a tax month. Applicable to businesses with a turnover exceeding ₹5 crore in the previous financial year or those opting out of the Quarterly Return filing and Monthly Payment of taxes (QRMP) scheme.
GSTR-3B: A consolidated monthly return summarizing tax liability for a month. Applicable to all regular taxpayers and those opting for the QRMP scheme.
GSTR-4: An annual return summarizing outward supplies and purchases made during a financial year. Generally filed by large taxpayers with a turnover exceeding ₹1.5 crore in the previous financial year.
GSTR-5: Details outward supplies made by non-resident taxable persons (NRTPs) during the month.
GSTR-5A: Details outward supplies made by online information and database access or retrieval (ODAIR) service providers during the month.
GSTR-6: Details inward supplies of services received during the month, filed by Input Service Distributors (ISDs).
GSTR-7: Details of tax deducted at source (TDS) on supplies made during the month.
GSTR-8: Details of tax collected at source (TCS) on online sale of goods during the month, applicable to e-commerce GST practitioners.
GSTR-9: An annual return summarizing all outward and inward supplies, tax liability, and payments made during a financial year.
GSTR-11: For claiming refunds on accumulated Input Tax Credit (ITC).

Key Due Dates for GST Return Filing in June 2024

Here's a table outlining the crucial GST return filing deadlines for June 2024:

GST Return	Description	Due Date (For May 2024 Transactions)	Applicability
GSTR-7	Details TDS on supplies	10th June	All registered taxpayers liable to deduct TDS
GSTR-8	Details TCS on online sale of goods	10th June	Registered e-commerce GST practitioners liable to collect TCS
GSTR-1 (Outward Supplies for Businesses with turnover over ₹5 crore & opting out of QRMP)	Details outward supplies made during the month	11th June	Businesses with a turnover exceeding ₹5 crore in the previous financial year or those opting out of QRMP scheme
GSTR-6 (Input Service Distributors)	Details inward supplies of services received during the month	13th June	Input Service Distributors (ISDs)
GSTR-5 (Non-Resident Taxable Persons)	Details outward supplies made by NRTPs during the month	13th June	Non-resident taxable persons (NRTPs) supplying services from outside India to Indian recipients
GSTR-5A (ODAIR Service Providers)	Details outward supplies made by ODAIR service providers during the month	20th June	Online information and database access or retrieval (ODAIR) service providers
GSTR-3B (Summary Return)	Consolidated monthly return summarizing tax liability	20th June (for businesses opting for QRMP scheme)	All regular taxpayers and those opting for QRMP scheme
GSTR-11 (Refund Claims)	For claiming refunds on accumulated Input Tax Credit (ITC)	25th June (subject to notifications)	Taxpayers with a Unique Identity Number (UIN)

Remember: These due dates are subject to change based on government notifications. It's advisable to stay updated by referring to the official GST portal for any revisions.

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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

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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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