GST1 Due Dates for FY 2020-21

Changes in GSTR1 Due Dates are as follows-

If Return is filed Quarterly-

We used to file return one month from end of the quarter

now we file return,13 days from end of quarter

If Return is filed Monthly-

We file return on 11th of Next Month, there is no change in this

 

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NEW AMENDMENT IN GSTR1 IF TURNOVER IS UPTO 1.5 CRORES-FROM 1 OCT 2020

Earlier- If Turnover upto 1.5 crore,GST1 could be Quarterly or Monthly

Quarterly-One month from end of Quarter

Monthly-11th of Next Month

Now- If Turnover upto 1.5 crore,GST1 could be Quarterly only

Quarterly-13 Days from end of quarter

Monthly- Can't file monthly if turnover upto 1.5 crore

 

CHANGES IN GSTR1.png

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Summary of the Returns to be Filed

GSTR 3B- Monthly for all

GSTR 1-

If turnover more than 1.5 crore- Monthly return to be filed

If turnover upto 1.5 crore-

Till Sep 2020-Person can choose Monthly or Quarterly

From Oct 2020-Person can choose only Quarterly Return

 

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Changes in the Annual Return(GSTR9) Due Dates

2018-19- Due date has been extended from 31st Dec 2019 to 31st Dec 2020

2019-20- Original date is 31st Dec 2019,which hasn't been extended as of now

 

 

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GSTR9 and GST9C Changes

As per Original Rule-

GSTR9(Annual Return)-Compulsory for all

GSTR9C -If turnover is more than 2 Crore 

As per Amendment-

GSTR9(Annual Return)-Optional if turnover upto 2 crore

GSTR9C-If turnover is more than 5 crore

 

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Changes in HSN Code Requirement of Tax Invoice

HSN Code required on Tax Invoice has increased from 1st April 2021 as follows-

If turnover  in Previous Year is upto 5 crore HSN Code is 4 Digit(B2B Only)

If turnover is more than 5 crore HSN code is 6 digit

If turnover upto 5 crore, than HSN number is not required  if sales to unregistered

changes in HSN Code.png

 

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Return Filed by EVC or DSC

Return can be filed by EVC( Everification Code or OTP) only in case of Non-Companies

or 

DSC (Digital Signature) Can be filed by all

EVC can also be used by companies till 31st Oct 2020

 

 

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GSTR4 Due Date Extended for FY 2019-20

GST4 original due date was 30 April of Next Year

Hence Due Date for FY 2019-20 was 30 April 2020

It has been last extended to 31 Oct 2020 due to Lockdown

 

GSTR4 due date.png

 

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Other Amendments

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  1. GST - Goods and Services Tax, India
  2. GST News & Updates

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.