Know About Due Dates for ITR and GST Filing

ITR and GST Filing Due Dates

ITR & GST Filing

Are you aware that the due dates for Income Tax and GST filing vary for different categories of taxpayers? Let’s first talk about Income tax filing. For individuals, HUF (Hindu Undivided Families) and assesses whose accounts aren’t required to be audited, the due date of filing the income tax return is generally, July 31. For other categories of taxpayers like companies, working partners of a firm or taxpayers whose accounts need to be audited, the due date generally July 31.

The Income Tax Act and its rules decide the due dates for filing an income tax return under section 139. The Central Government can change this due date by issuing proper notice.

The due dates for filing income tax return (ITR) could be divided into two parts as shown in the table below:

Sr. No. Category Due Date
1. Individuals, HUF (Hindu Undivided Families), BOI (Body of Individuals), AOP (Association of Persons) July 31st of the relevant assessment year
2. Company, working partners (firm’s where books need to be Audited) or Taxpayers whose accounts need to be Audited September 30th of the relevant assessment year

What happens if you miss the due date?

For individuals, if you missed filing your income tax return by the due date of July 31st, you would be able to still file your income tax return. However, it would be considered a belated return. The last date for filing a belated return is on or before the end of the relevant assessment year. For instance, for the FY 2018-19, the last date for filing the belated return will be March 31st, 2020. However, in case you’re not able to file the belated return by this deadline, then you won’t be able to file your income tax return unless you receive an intimation or notice from the income tax department for the same. Though you still have the leeway of filing a belated ITR till the end of the relevant assessment year, it is advisable to avoid filing ITR this late since the late filing fees will be charged if you file your return after July 31. In this article on due dates for Income Tax and GST filing let’s now discuss GST returns.

What is Return Under GST?

Every person registered under the GST regime, paying GST needs to furnish two returns electronically every month and an annual return. Under the GST Return filing process, different GST returns require a taxpayer to disclose and furnish the following details:

  • Sales (Outward Supplies)
  • Purchases (Inward Supplies)
  • GST On Output (On Sales)
  • GST on Input (On Purchases)

The GST regime prescribes the following GST returns and the due date of filing as mentioned below in the table:

Return Form Details Frequency Due Date
GSTR 1 Details of sales of taxable goods/ services Monthly This return should be filled by 11th of the next month
GSTR 3B Simple Return in which summary of sales together with Input Tax Credit is declared Monthly This return should be filled by 20th of the next month
GSTR 4 Return for taxpayers who are registered under the composition levy Quarterly This return should be filled by 18th of the month following the relevant quarter
GSTR 5 Return for the Non-Resident foreign taxable persons Monthly This return should be filled by 20th of the next month
GSTR 6 Return for the Input Service Distributors Monthly This return should be filled by 13th of the next month
GSTR-7 Return for the authorities deducting TDS (tax at source). Monthly This return should be filled by 10th of the next month
GSTR-8 This return is for details of supplies that are affected through the e-commerce operators along with the amount of tax collected Monthly This return should be filled by 10th of the next month
GSTR-9 Annual Return for normal taxpayers Annually This return should be filled by December 31st of next financial year
GSTR-9A Annual Return for taxpayers registered under the composition levy scheme Annually This return should be filled by December 31st of next financial year
GSTR-10 Final Return for cancelation or surrender of GST registration At the time of cancellation or surrender of GSR registration This return should be filled by within a period of three months from the date of cancellation.
GSTR-11 This return reflects the details of inward supplies by a person having unique identification number (UIN) and claiming a refund Monthly This return should be filled by 28th of the month succeeding the month for which the statement is filed
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