When is the Last date for GST Filing?

Goods and Services Tax (GST) is a tax that is levied on the supply of goods and services in India. GST has simplified the taxation system in India by merging various taxes and creating a single tax system. As a GST registered taxpayer, it is important to be aware of the GST filing deadlines to avoid any penalties and interest charges. In this blog, we will discuss the last date for GST filing and its importance.

The last date for GST filing depends on the type of taxpayer. For regular taxpayers, the due date for filing monthly GST returns is the 20th of the following month. For example, if you have to file the GST return for the month of March, the due date will be the 20th of April. In case of late filing of GST returns, a penalty of Rs. 50 per day (Rs. 20 for taxpayers having nil liability) is applicable, subject to a maximum of 0.25% of the taxpayer's turnover in the relevant state or union territory.

For taxpayers who have opted for the composition scheme, the due date for filing GST returns is the 18th of the month following the quarter for which the return is to be filed. For instance, if you have to file the GST return for the January-March quarter, the due date will be the 18th of April.

It is important to note that GST filing is mandatory, even if there is no business activity or sales during the relevant period. Non-filing or delay in filing of GST returns may attract penalties and interest charges.

In conclusion, the last date for GST filing is an important aspect of the GST regime. Timely filing of GST returns can help taxpayers avoid penalties and interest charges. GST filing can be done easily online through the GST portal. It is advisable for taxpayers to maintain accurate records and comply with the GST regulations to avoid any legal issues.