GST Payment Due Date December 2017 (GST Returns)

GST Payment Due Date for November 2017 (GST Returns dates): Every registered taxable person to furnish GST returns before the due date and also should pay the respective GST Amount to the Central Government. For the month of November 2017, we have below provided a detailed and easily understandable table regarding the due dates for payment of GST and also various forms that are to be filed along with it. Due date for GST Payment is 20 days from the end of respective month. For tax payers registered under composition scheme, the GST Payment due date  will be 18 days after the end of the quarter. GSTR-3 B will continue to be filed till for the month of December 2017.

GST Payment Due Date for November 2017

GST Form Due Date
GSTR 3B 20th Dec 2017
GSTR 1 31st Dec 2017
GSTR 4 (July to Sept) 24th Dec 2017
GSTR 4 (Oct-Dec) Jan 18th, 2018

E-Cash Ledger : GST Payment Due Date

The electronic cash ledger will be credited if payment for tax, interest, penalty and fee has been made by internet banking, credit card, NEFT, RTGS. While the amount can be used for the payment of interest, tax, penalty which is remaining in the electronic cash ledger of the taxpayer

Form GST PMT-06

A payment for GST PMT-06 form is done through challan while the challan is only valid for the time period of 15 days. When the payment is done successfully, a Challan Identification Number (CIN) is generated. If in any case the CIN is not generated than the taxpayer can file Form GST PMT-07

Other Rules : GST Payment Due Date

Online payments even made after 8 pm will be credited on the same day to the taxpayer’s account. While there will be no physical challan accepted for the GST payment while the challans will be generated from the only for all the payments of taxes, fees, penalty, interest

For the payment of challan under the 10000 rupees limit, it can be done over the counter with cash, cheques, demand draft through authorised banks while for the payments exceeding the amount of 10000 will be collected through digital mode only.

Who Shall File GST Returns

Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns.

Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.

GST return in similar to what is VAT return or INCOME TAX RETURN(ITR). Giving details of your financial transactions during the period.

GST Return is also similar where you need to furnish statement of Your sale and verify the list of your purchases.

Every registered taxable person has to furnish outward supply details in Form GSTR-1 (GST Returns-1) by the 10th of the subsequent month.

On the 11th, the visibility of inward supplies is made available to the recipient in the auto-populated GSTR-2A.

The period from 11th to 15th will allow for any corrections (additions, modifications and deletion) in Form GSTR-2A and submission in Form GSTR-2 by 15th of the subsequent month.

Prelude to GST Payment Due Date

On 20th, the auto-populated return GSTR-3 will be available for submission along with the payment.

After the due date of filing the monthly return Form GSTR-3, the inward supplies will be matched with the outward supplies furnished by supplier, and then the final acceptance of input tax credit will be communicated in Form GST MIS-1.

Discrepancies not ratified will be added as output tax liability along with interest. However, within the prescribed time, if it is ratified, the recipient will be eligible to reduce this output tax liability.

Government entities / PSUs , etc. not dealing in GST supplies or persons exclusively dealing in exempted / Nil rated / non –GST goods or services would neither be required to obtain registration nor required to file returns under the GST law.

However, State tax authorities may assign Departmental ID to such government departments / PSUs / other persons and will ask the suppliers to quote this ID in the supply invoices for all inter-State purchases being made to them.

Also Read our Other GST Related Articles

Conclusion : GST Payment Due Date

If you have any further questions on GST Payment Due Date (GST Returns dates) editorial, post your question on our comments section below. This article relating to GST Payment Due Date for November 2017 (GST Returns) was written by CA Abinav Mishra.