GST Return Filing
The Central Government vide Notification No. 71/2017 dated 29th December,2017 has provided the
schedule for filing FORM GSTR-1 (The return of outward supplies)
by Taxpayers with annual aggregate turnover upto Rs. 1.5 crore. Such
Taxpayers need to file GSTR-1 on quarterly basis as per following
frequency:
|
Sl No.
|
Quarter for which
the details in FORM GSTR-1 are furnished
|
Time period for
furnishing the details in FORM GSTR-1
|
|
1
|
July - September,
2017
|
10th January, 2018
|
|
2
|
October - December,
2017
|
15th February, 2018
|
|
3
|
January - March,
2018
|
30th April, 2018
|
The Central Government vide Notification No. 72/2017 dated 29th December,2017 has provided the
schedule for filing FORM GSTR-1 (The return of outward
supplies) by Taxpayers with annual aggregate turnover more than Rs.
1.5 crore. Such Taxpayers need to file GSTR-1 on monthly basis as
per following frequency:
|
Sl No.
|
Months for which the details in FORM GSTR-1 are
furnished
|
Time period for furnishing the details in FORM GSTR-1
|
|
1
|
July - November, 2017
|
10th January, 2018
|
|
2
|
December, 2017
|
10th February, 2018
|
|
3
|
January, 2018
|
10th March, 2018
|
|
4
|
February, 2018
|
10th April, 2018
|
|
5
|
March, 2018
|
10th May, 2018
|
Waiver of late fee
payable for failure to furnish the Return in Form GSTR 4
The
Central Government vide Notification No. 73/2017 –
Central Tax dated 29th December, 2017 has waived off
the late fee payable by any registered person for failure to furnish the return
in Form GSTR 4 (Return by compounding tax payers) by the due
date, which is in excess of an amount of Rs. 25 per day during which such
failure continues.
Provided that where the total
amount payable in lieu of central tax in the said return is nil, the amount of
late fee payable by any registered person for
failure to furnish the said return by the due date shall stand waived to the
extent which is in excess of an amount of Rs. 10 per day during which such
failure continues.
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