What Is GST Filing Due Dates {Explanation}
Hi there! Today in this post, you will know about GST Filing Due Dates, December 2022. The Goods and Services Tax (GST) filing due dates vary depending on the type of business you have and your taxable turnover. Generally, all GST returns need to be filed on a monthly, quarterly, or annual basis.
For businesses with an annual turnover of less than Rs. 1.5 crores, the due date for filing GST returns is the 20th of the month succeeding the tax period (monthly/quarterly). For businesses with an annual turnover above Rs. 1.5 crores, the due date for filing GST returns is the last working day of the month succeeding the tax period (monthly/quarterly).
For example, if the tax period is from 1st April to 30th April, then the due date for filing GST returns is 20th May for businesses with turnover less than 1.5 crores, and 31st May for businesses with turnover above 1.5 crores.
It is important to note that the due date for filing GST returns may be different for special cases, such as those who opt for a composition scheme, those who are registered as an Input Service Distributor (ISD), those who are registered as a Non-Resident Taxable Person (NRT) and those who are registered as an E-Commerce Operator.
GST Filing Due Dates December 2022
- GSTR 1 is due on the 11th of the month following the end of the tax period.
- GSTR-3B is due on the 20th of the month following the end of the tax period.
- GSTR 4 is due on the 18th of the month following the end of the tax period.
- GSTR 5 is due on the 20th of the month following the end of the tax period.
- GSTR 6 is due on the 13th of the month following the end of the tax period.
- GSTR 7 is due on the 10th of the month following the end of the tax period.
- GSTR 8 is due on the 10th of the month following the end of the tax period.
- GSTR 9 is due on the 31st of December following the end of the financial year.
- GSTR 9C is due on the 31st of December following the end of the financial year.
GST/Indirect Tax Changes Due to Covid19
The COVID-19 pandemic has caused many countries to enact changes to their GST/indirect tax systems. In response to the pandemic, countries have adopted measures such as providing relief to businesses, reducing tax burdens, and introducing tax credits for certain businesses.
For example, the Indian government has introduced relief measures such as deferring the payment of GST/indirect taxes for certain businesses, providing tax credits for businesses affected by the pandemic, and allowing businesses to claim the input tax credits on certain supplies made during the pandemic.
Other countries have adopted similar measures to provide relief to businesses affected by COVID-19. It is important to be aware of the changes each country has adopted due to the pandemic, as this can affect businesses operating in those countries.
December 2022 Calendar of GST Return Filing Due Dates
Hi there! Here is a calendar of GST return filing due dates for December 2022:
- 1st December – GST Return for November 2022 due
- 15th December – GST Payment for November 2022 due
- 31st December – End of Financial Year 2021-22
GST and Income Tax Due Dates, December 2022-: Click Here
Top 5 ways of GST Filing Due Dates
- Ensure all invoices for the month of December are recorded and filed by the 15th of the same month.
- File GSTR-1 for the month of December by the 20th of the same month.
- Pay the GST liability by the 20th of the same month.
- File GSTR-3B for the month of December by the 25th of the same month.
- Submit any additional information or documents to the GST portal by the 28th of the same month.
Ensure all invoices for the month of December are recorded and filed by the 15th of the same month.
To ensure that all invoices for the month of December are recorded and filed by the 15th, we will need everyone’s help and cooperation. First, please make sure all invoices for the month are completed and sent out by the 7th of December. Second, review the invoices when they come in to make sure all information is accurate.
Finally, make sure to enter the invoices into the system and file them away accordingly by the 15th of December. If everyone works together, we can make sure that all invoices are recorded and filed on time.
File GSTR-1 for the month of December by the 20th of the same month.
I will make sure to file GSTR-1 for the month of December by the 20th. If you need help along the way, please don’t hesitate to reach out to me.
Pay the GST liability by the 20th of the same month
I understand your request for paying the GST liability by the 20th of the same month. Please be aware that it is important to make sure this payment is done on time to avoid any possible penalties or additional costs.
File GSTR-3B for the month of December by the 25th of the same month.
File GSTR-3B for the month of December by the 25th.
I have the necessary expertise to help you with this and I will ensure that it is done correctly and on time. If you have any questions, please don’t hesitate to contact me.
Submit any additional information or documents to the GST portal by the 28th of the same month.
We kindly request that you submit any additional information or documents to the GST portal by the 28th of the same month.
FAQs
What are the penalties that you may face if you don’t file your GST on time?
- Penalties that you may face if you don’t file your GST on time are:
- A fine of up to Rs (Five) 5 lakh
- A jail term of up to 6 months
- An addition of one percent to the total tax payable
What should you do if you don’t receive a return statement from the IRS?
- You can try to reach out to the IRS by phone, fax, or email.
- If you still don’t receive a response after following up with the IRS, it is advisable to file a tax return despite the missing return statement.
- The IRS may have processed your return and credited your account with the money already.
Is there anything that I need to do in order to file my GST return on time?
- Yes, there are a few things that you need to do in order to file your GST return on time.
- Firstly, you need to segregate the goods that are subject to GST.
- Secondly, prepare the required paperwork and fill it in correctly.
- And finally, you need to submit the return on or before the due date.
Conclusion
So, there you have it. The GST Filing Due Dates – are December 2022 mentioned above. Though the due dates are not flexible, we recommend that you file your return within this deadline to ensure that no penalties or late fees are incurred.
Did you know about the due date for filing your GST returns? If not, read on and get yourself up to speed with all the important dates!
If you have any questions or need assistance with the process, please reach out to us and we will be happy to help. Thank you for your cooperation and have a great day! If you need more information or assistance in filing your GST returns, please do not hesitate to contact us.