What is the GST Filing Date Every Month?

The Goods and Services Tax (GST) is a comprehensive tax system that was implemented in India in 2017 to replace the previous indirect tax system. It is mandatory for businesses to file their GST returns every month to comply with the regulations. The GST filing date every month is an essential aspect that businesses need to keep in mind to avoid penalties and fines.

The GST filing date every month is the 20th day of the subsequent month. For example, the GST filing date for the month of March 2023 is 20th April 2023. Businesses need to file their GST returns on or before the due date to avoid any late fees or penalties. In case a business fails to file their GST returns within the due date, they will have to pay a penalty of Rs. 50 per day, subject to a maximum of Rs. 5,000.

It is important to note that businesses with an annual turnover of up to Rs. 5 crore can file their GST returns on a quarterly basis instead of a monthly basis. The due date for quarterly GST returns is the 22nd day of the subsequent month of the quarter. For instance, the due date for the first quarter of 2023 (April to June) is 22nd July 2023.

It is crucial for businesses to file their GST returns within the due date to avoid any penalties and to maintain compliance with the GST laws. Late filing of GST returns can also lead to a decrease in the business's credibility in the market. Hence, it is advisable for businesses to maintain a record of their transactions and file their GST returns on time.

In conclusion, the GST filing date every month is the 20th day of the subsequent month, and businesses need to file their returns on or before the due date to avoid any penalties or late fees. Businesses with an annual turnover of up to Rs. 5 crore can file their GST returns on a quarterly basis. It is essential for businesses to keep track of their transactions and file their GST returns within the due date to maintain compliance with the GST regulations.