GST filing

Hi

You are required to file monthly return GSTR 3B by the 20th of next month. Also, GSTR 1 is to be filed quarterly. Due date for GSTR 1 for Jan to March is 30th April.

We may help you with return filing.

Hi,

Post registration, the liability to file the GST returns stays irrespective of the business operations done within a month. In other words, you need to file all te GST returns even if the business done is NIL.

The penalty for taxpayers who are liable to file NIL return is RS 20 each day and for those who have tax liability, the penalty amounts to Rs 50 each day.

Hence, you should complete your filings immediately to avoid further penalties getting levied each day.

Since you obtained the registration in the month of December,2017 , you are required to file GSTR 3B each month from Dec till March. Post that you have to file GSTR 1 quarterly for each quarter as you opted for quarterly filings. The due dates for filings have already passed except for the return of March, 2018.

Thanks

Damini

After obtaining GST registration irrespective of the turnover you need to file GST returns. In your case there are two GST returns to be filed as of now.

1) GSTR-3B - It is a monthly return to be filed by 20th of the next month. If there is no turnover, no input cost even though you need to file NIL return. Last date for March 18 return is 20.04.2018.

2) GSTR-1- It is a quarterly return. Needs to be filed in the next month following the end of the quarter. In case of Jan- March 2018 quarter last date is 30.04.2018

Hi,

Once you have taken GST Registration you are required to file GSTR 3B by 20th of every next month. even if there is no turnover or input credit to be taken . Thus, Filing GSTR-3B is mandatory even for nill returns.

Late Fee for filing GSTR-3B after the due date is as follows:

Rs. 50 per day of delay

Rs. 20 per day of delay for taxpayers having Nil tax liability for the month

Interest @ 18% per annum is payable on the amount of outstanding tax to be paid.

As you have opted for quarterly filing of GSTR 1-

You are liable to file GSTR 1 for quarter - Oct-Dec 15th Feb 2018 & Jan- Mar -30th April 2018.

Hi,

Irrespecive of the turnover, you are required to file monthly return GSTR 3B by the 20th of the subsequent month. If there is no transactions, you will need to file a Nil return.

You will also need to file the quarterly return, GSTR 1. Due date for GSTR 1 for Jan to March is 30th April.

Hope that clarifies.

Regards,

Nikhil

You will have to file monthly GSTR 3B and quarterly GSTR 1.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

Hello,

Since your GST registration was obtained in the month of December. You should have filed the december quarters return for which penalty shall be levied on you.

The next return is for the Jan-March quarter which is due on 20th April 2018.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, FCA, LLB, CERT. FAFP