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GST due date extension notification 2023

GST Due Date Extension Notification 2023 (Quick Solution)

GST Implementation Committee of GST Council approves GST due date extension.

For the month of September, the council has extended the date from 20th October 2022 to 21st October 2022.

You can opt among the options of monthly, or quarterly filing of GST.

GSTR-3B is a self-declared summary return filed on a monthly basis however for the QRMP scheme it is quarterly. 

This article will give comprehensive information on GST due date extension notification 2022.

Let’s dive in!

As per the 47th GST Council meeting, On 5th July 2022, the following two decisions were taken and notified:

  • For FY 2021-22, GSTR-4 filing is waived off from the late fee if filed on or before 28th July 2022 as against earlier extension of up to 30th June 2022. (Notification 12/2022)
  • For Apr-Jun 2022 (Q1 of FY 2022-23), CMP-08 filing will get an extension up to 31st July 2022 from 18th July 2022. (Notification 11/2022)

Is GSTR 3B due date extended?

Yes, GST Council has extended the due date of GSTR 3B. However, for September month, the due date has been extended to 21st October 2022.

Form NameReturn AnnuallyUpdated Due Date
GSTR 9 (Annual Return)FY 2021-2231st December 2022
GSTR 9 (Annual Return)FY 2020-2131st December 2021 To 28 February 2022 Read notification
GSTR 9 (Annual Return)FY 2019-2031st March 2021 Read notification
GSTR 9 (Annual Return)FY 2018-1931st December 2020

What if I file GSTR-1 after the due date?

Businesses and professionals registered under GST have to file GST returns in forms GSTR-1 and GSTR-3B.

Furthermore, they need to file returns by every month if their annual aggregate turnover during the financial year exceeds Rs.5 crore (Was Rs.1.5 crore up to December 2020). 

While the rest of the taxpayers continued to file GSTR-3B monthly, they had the option of choosing a quarterly GSTR-1 filing.

In the instances of filing GSTR-1 after the due date, late fees will be imposed.

Is there an expiry date for GST?

No expiry date is there for the normal user.

As a result of which, the GST certificate will continue to exist for a lifetime until it is canceled by the Goods and Services Tax Authority. 

For the Casual Taxable person or Non-Resident taxable person, the validity is 90 days.

Is Gstr 9 and 9C due date extended?

Yes, the due date for GSTR 9 and GSTR 9C is extended. Form GSTR-9 is not required for GST-registered taxpayers with an aggregate annual turnover of up to Rs. 2 crore in FY 20-21, according to the CBIC.

Let’s have look over GST calendar for November:

Due datePurposePeriodDescription
10th NovemberGSTR-7(Monthly)October’22Summary of Tax Deducted at Source (TDS) and deposited under GST laws
GSTR-8(Monthly)October’22Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators under GST laws
11th NovemberGSTR-1(Monthly)October’22Summary of outward supplies where turnover exceeds Rs.5 crore or have not chosen the QRMP scheme for the quarter of Oct-Dec’22
13th NovemberIFF (Optional)(Monthly)October’22Uploading of outward supplies affected during the first month of the quarter by quarterly return filers opting for the Invoice Furnishing Facility (IFF)# under the QRMP scheme
GSTR-5(Monthly)October’22Summary of outward taxable supplies and tax payable by a non-resident taxable person
GSTR-6(Monthly)October’22Details of ITC received and distributed by an ISD
20th NovemberGSTR-5A(Monthly)October’22Summary of outward taxable supplies and tax payable by a person supplying OIDAR services
GSTR-3B(Monthly)October’22Summary of outward supplies, ITC claimed, and net tax payable for taxpayers with turnover more than Rs.5 crore in the previous FY or have not chosen the QRMP scheme for the quarter of Oct-Dec’22
25th NovemberPMT-06(Monthly)October’22Challan for depositing GST by taxpayers who have opted for the quarterly filing of GSTR-3B under the QRMP Scheme for Oct-Dec 2022
30th NovemberAnnual reconciliations and amendments/ITC claimsFY 2021-22Refer note below

What is the turnover limit?

Central Government has decided the following threshold limit of turnover limit for GST registration.

Turnover threshold limitStates under GST
20 LakhsAll states excluding 11 states under 10 lakhs bracket
10 LakhsArunachal Pradesh, Assam, Jammu & Kashmir, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, Himachal Pradesh, Uttarakhand

What if turnover is less than 20 lakhs GST?

Suppliers or job workers or businesses with a turnover of less than 20 lakhs are exempted from the registration and GST.

FAQ: GST due date extension notification 2022

What if Gstr 9 filing is done late?

In case of late filing of GSTR 9, the penalty will be levied.

For each day of non-compliance, the taxpayer must pay Rs. 200 as a penalty, of which Rs. 100 consists of SGST and Rs. 100 consists of CGST.

Is the GST audit removed?

Yes, as per the Finance Act, 2021, the requirement of GST audit and submission of GSTR-9C (as certified by the CA/CMA) was removed.

What happens if GSTR-1 is not filed on the due date?

However, in this case, late fees will be imposed for filing GSTR-1 after the due date.

As per GST law, the late fee will be Rs 200 per day (Rs 100 as per the CGST Act and Rs. 100 as per SGST Act). 

Is GST increasing in 2022?

Yes, the government has increased GST on completed items.

Like on clothes, textiles, and footwear, GST has increased from 5% to 12%.

Wrapping Up

Hopefully you have found the information included in this article on GST due date extension notification 2022 relevant and latest.

We would love to help you in case you need to have more information related to the topic. 

Feel free to reach out to us.

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