GST compliance is not an easy task and different deadlines for different returns throughout the year make it as complicated as it gets. In the process of keeping up with these deadlines, businesses can easily end up missing out on one single deadline and disrupting the entire business operations. With such consequences at stake, it is imperative that everyone from a small business owner to a finance or tax manager in a company has easy access to a comprehensive calendar that underlines all GST returns with their respective deadlines.
We have got your back here! With our month-by-month GST compliance calendar, we are trying to make this process as easy and straightforward for you as possible. You don’t also need to worry if there are any returns that cater to your specific industry. The calendar below covers GST compliance requirements for everyone from manufacturing, services, or any other industry.
Let us now dive in and get your GST compliance for FY 2024-2025 all sorted and organized!
Common Monthly Returns
Before we get to discuss the return filing schedule for each month, let us discuss some common returns you would be filing every month.
- GSTR-1: This return is used to report details of outward supplies (sales) made during the month. The due date for the same is the 11th of the following month.
- GSTR-3B: This return is a summary return for declaring tax liabilities and claiming input tax credit. The due date for the same is the 20th of the following month.
- GSTR-5: This GST return is for non-resident taxable persons to report their business transactions in India. The due date for the same is the 13th of the following month.
- GSTR-5A: A GST return for reporting outward supplies and tax collected by Online Information and Database Access or Retrieval (OIDAR) services. The due date for this is the 20th of the following month.
- GSTR-6: This one is for Input Service Distributors (ISD) to distribute input tax credits among their branches. The due date for the same is the 13th of the following month.
- GSTR-7: This return is for entities required to deduct tax at source (TDS) under GST. You need to file this on the 10th of every month.
- GSTR-8: GSTR-8 is for e-commerce operators to report the tax collected at source (TCS) from supplies made through their platforms. This is also filed on the 10th of every month.
Common Quarterly Returns
In addition to certain monthly returns, there are also various quarterly returns filed on different dates of different months:
- GSTR-1: For businesses with an aggregate turnover above 5 crore rupees, it is mandatory to file a monthly GSTR-1 return. However, for businesses with turnover up to 5 cr, there is an option to opt for the QRMP scheme and file a quarterly GSTR-1 return. This is done on the 13th of the month following a particular quarter.
- GSTR- 3B: Like GSTR-1, GSTR-3B also has a special provision to file quarterly reports for businesses with turnover up to 5cr. These quarterly returns are filed on the 24th of the month following a particular quarter.
Common Yearly Returns
For annual returns, there is a return specific to composition scheme taxpayers and another one applicable to all with 5cr+ turnover.
- GSTR-4: GSTR-4 replaced GSTR-9A as an annual return to be filed by those under the composition scheme. Now, this is filed on 30th April following every financial year.
- GSTR-9/9C: GSTR 9/9C are annual return and reconciliation statements filed by regular taxpayers. These are a consolidation of all monthly and quarterly returns filed in a financial year. These returns are paid on the 31st of December of the year following the relevant financial year.
GST Compliance Calendar 2024-2025
Let us now get to discussing the yearly GST compliance calendar for Financial Year 2024-2-025:
April 2024-25
**CMP-08: A return that taxpayers under the Composition Scheme use to submit a statement-cum-challan for tax payment quarterly based on self-assessment.
**ITC-04: A form that is supposed to be lodged by the manufacturer to declare the articles supplied to or received from any job worker. This encompasses details of inputs or capital goods issued out and returned to the company.
QRMP Scheme (Quarterly Return Monthly Payment Scheme) **: A facility introduced for small businesses whose turnover does not exceed ₹5 crores which enables them to file GSTR-1 and GSTR-3B returns on a quarterly basis. At the same time, they are to pay taxes monthly by filling in the PMT-06 form.
Non-Resident Taxpayer**: A foreign person or company that is undertaking operations in India with a supply of goods or services but does not have a permanent establishment here. They must register under Goods and service tax, and they are bound by law to follow taxation laws.
Input Service Distributor (ISD)**: It refers to an organization section that gets invoices for input services that are rendered in different branches of a business entity. The ISD sends the input tax credit to the right branches through Form GSTR-6.
Composition Scheme**: The tax rate is low for small businesspeople who make sales of up to ₹ 1 crore. 5 crores. Under this scheme, taxes are paid at a fixed percentage of their turnover and the returns filed are in Form CMP-08 quarterly.
Non-Resident OIDAR Provider**: Any foreign supplier who wants to supply Online Information and Database Access or Retrieval Services in India must pass through the tax, and this is called GST. It should be noted that such providers must furnish Form GSTR-5A.
UIN Holders**: It includes Foreign diplomatic missions and embassies, United Nations bodies, or official organizations of the government of India that are provided a Unique Identification Number (UIN) to file refund of credit utilized on account of goods exported by a registered supplier but banned from selling goods in the(destination) country to receive credit on goods on which GST has been paid. This is because they are exempt from taxes in the Indian territory.
May 2024-25
IFF (Invoice Furnishing Facility) **: A monthly declaration for QRMP scheme taxpayers to submit Business to Business (B2B) invoice information instead of waiting for the last date of the quarter. It is therefore helpful in avoiding the quarterly reporting pressure.
PMT-06**: An assessment instrument used to pay monthly taxes under the QRMP scheme through a challan. Taxpayers use this form to pay their self-assessed tax monthly for the first two months of the quarter in any given fiscal year.
ITC-03**: A form filed by the taxpayer to cancel the Input Tax Credit (ITC) of stocked products when the taxpayer has moved from the normal GST regime to the Composition Scheme or if registration is revoked.
June 2024-25
July 2024-25
August 2024-25
September 2024-25
October 2024-25
November 2024-25
December 2024-25
January 2025
February 2025
March 2025
Annexure V**: A document used to provide further details needed for the refund of GST as per certain circumstances, particularly on exports.
RFD-11**: A form filled in by the exporters meant for claiming a refund of the IGST paid on exported goods or services, on fulfilling conditions and producing documents.
CMP-02**: A form to be filed by the registered companies for enrollment in the Composition Scheme under GST. It is filed when a normal taxpayer wants to switch to the Composition Scheme for the subsequent financial year.
