GST Due Dates for December: Details You Need to Know

December is a joyful month filled with festive lights, family get-togethers, and holiday cheer. As businesses prepare for the busy holiday season and customers shop in full swing, it’s easy to get swept up in the celebrations. Remembering that an essential part of running your business is filing your GST returns on time is important.

Filing your GST returns on schedule helps you avoid penalties and keeps your business running smoothly. Here’s a simple guide to the GST due dates for December 2024. Use this checklist to manage your tax obligations.

Complete Draft Replies of GST ITC Related Notices, Click Here

GSTR-1: Reporting Outward Supplies

• Due Date: 11 December 2024
• Who Should File: Taxpayers with an annual aggregate turnover exceeding INR 1.5 crore. Taxpayers opting for monthly return filing under the GST framework.
• Details to be Reported: Outward supplies of goods and services made during November 2024.

GSTR-3B: Consolidated Summary of Supplies and Input Tax Credit (ITC)

• Due Date: 20 December 2024
• Who Should File: Taxpayers with an annual turnover of more than INR 5 crore ( monthly filing ). Taxpayers with an annual turnover of up to INR 5 crore ( monthly filing ).

Additional Quarterly Filing for QRMP Scheme Taxpayers:

Tax Period: October – December 2024

Due Dates:

• 22 December 2024: For taxpayers in specific southern, western, and union territories (e.g., Karnataka, Gujarat, Kerala, Tamil Nadu).
• 24 December 2024: For taxpayers in northern and eastern states (e.g., Uttar Pradesh, Bihar, West Bengal, Delhi).

Details to be Reported: Outward supplies ( consolidated data from GSTR-1 ), Inward supplies subject to reverse charge, Input Tax Credit (ITC), Exempt, nil-rated, and non-GST inward supplies, Tax payment details.

Complete Draft Replies of GST ITC Related Notices, Click Here

GSTR-5: Non-Resident Taxpayers

• Due Date: 13 December 2024
• Who Should File: Non-resident taxable persons operating in India.
• Details to be Reported: Outward supplies, tax paid, ITC availed, and closing stock for November 2024.

GSTR-5A: Non-Resident ODIAR Service Providers

• Due Date: 20 December 2024
• Who Should File: Non-resident Online Information and Database Access Retrieval (ODIAR) service providers.
• Details to be Reported: Outward supplies and GST payable for November 2024.

GSTR-6: Input Service Distributors (ISD)

• Due Date: 13 December 2024
• Who Should File: Input Service Distributors (ISD).
• Details to be Reported: ITC received, distributed, and details of ISD credit.

GSTR-7: TDS Deduction Under GST

• Due Date: 10 December 2024
• Who Should File: Taxpayers liable to deduct TDS under GST provisions.
• Details to be Reported: TDS deducted, TDS liability payable, and related outward supplies.

GSTR-8: TCS by E-Commerce Operators

• Due Date: 10 December 2024
• Who Should File: Registered e-commerce operators liable to deduct TCS under GST.
• Details to be Reported: TCS deducted, supplies through the e-commerce platform, and the tax payable.

Invoice Furnishing Facility (IIF): QRMP Scheme

• Due Date: 13 December 2024
• Who Should File: Taxpayers under the QRMP scheme for the November 2024 tax period.
• Details to be Reported: B2B invoice details for the applicable period.

Important Notes for December Compliance

1. IMS Dashboard Accuracy: The IMS dashboard may not generate ITC data accurately. Taxpayers are advised to re-compute ITC before filing GSTR-3B to ensure accuracy.
2. QRMP Scheme Specifics: Taxpayers under the Quarterly Return Monthly Payment (QRMP) scheme should ensure that their quarterly filings (e.g., GSTR-1 and GSTR-3B) align with their respective state-specific deadlines.
3. Avoid Penalties: Filing after the due dates attracts late fees, interest on tax dues, and possible compliance risks. Stay proactive in your filings.

Complete Draft Replies of GST ITC Related Notices, Click Here

Summary of GST Deadlines for December 2024

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates