GST Compliance: Important Filing Dates for February 2025
With the GST Compliance deadlines in February 2025 fast-approaching, businesses should ensure timely fulfilment of their compliance responsibilities to avert any roadblocks
The Goods and Services Tax Network (GSTN) has issued the compliance dates and deadlines due in the month of February, 2025. The compliance measures primarily pertain to business activities conducted during January, 2025 which are due to be intimated to the Goods and Services Tax (GST) authorities to avoid any hitches to your business process. February is a shorter month with just 28...
The Goods and Services Tax Network (GSTN) has issued the compliance dates and deadlines due in the month of February, 2025. The compliance measures primarily pertain to business activities conducted during January, 2025 which are due to be intimated to the Goods and Services Tax (GST) authorities to avoid any hitches to your business process.
February is a shorter month with just 28 days, making GST compliance deadlines approach faster than in other months. Businesses and taxpayers registered under the Goods and Services Tax (GST) must be mindful of key filing dates to avoid penalties. Below are the critical deadlines for February 2025, along with an overview of their significance.
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February 10, 2025
GSTR-7 & GSTR-8: Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) deductions under GST must be filed by deductors such as government entities and e-commerce operators.
February 11, 2025
GSTR-1: Monthly return for outward supplies of goods and services for businesses with turnover above ₹5 crore.
February 13, 2025
IFF (Invoice Furnishing Facility): Available to small businesses (turnover up to ₹5 crore) that opt for the optional Quarterly Returns with Monthly Payment (QRMP) scheme that may be undertaken and fulfilled by concerned businesses.
GSTR-5: Filed by non-resident taxable persons operating in India.
GSTR-6: Filed by Input Service Distributors (ISD) for credit distribution.
February 20, 2025
GSTR-3B: A self-declared summary return of GST liability and Input Tax Credit (ITC) claims.
GSTR-5A: Filed by OIDAR (Online Information and Database Access or Retrieval) service providers.
Businesses registered under GST, E-Commerce Operators collecting tax at source (TCS), Government departments and businesses required to deduct TDS under GST and Non-resident taxable persons operating in India are all advised to note down the dates and ensure adherence to the filing requirements.
Read More: Budget 2025 proposes Decriminalisation of Delayed TCS Payments
Failure to comply with the deadlines can lead to undesirable late fees, interest on unpaid taxes, and even suspension of GST registration in extreme cases. The penalty charged for failure ₹50 per day for late filing (₹20 per day for NIL returns), and interest at 18% per annum is charged on delayed tax payments.
While February deadlines are crucial, businesses should also note upcoming filings in March and April, which covers the first quarter of Financial Year (F.Y.) 2025.
Filing of GSTR-1 & GSTR-3B for January to March 2025 are due in April 2025 while CMP-08, used to declare the details or summary of self-assessed tax payable during a given quarter for Taxpayers who have opted for composition levy is due by April 18, 2025.
With the shortened duration of February, businesses should stay proactive in meeting their GST compliance requirements on time to stay on top of the GST regime.
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