GST Compliance Calendar 2022

The GST calendar benefits every registered business and professional by allowing them to plan for compliance well in advance.

Every taxpayer must file their GST returns within the deadlines specified by the GST regulations to avoid paying interest or late fines.

The CBIC is still extending the GST Dates for other returns and forms under GST.

As a result, you may be reminded when to pay taxes and submit your GST reports using the GSTHero accessible GST calendar.

GST Compliance Calendar September 2022

September 2022 marks the halfway point of the Fiscal Year and the celebration of Ganesh Chaturthi!

This month marks the halfway point of the financial year, and accountants are attached to their computers, working long hours to meet multiple due dates and filing deadlines. However, taxpayers must follow a checklist before filing their September GST Returns for 2022.

Last month, in August, there were a few GST notification updates and other GST rates changes. One of these is the introduction of a new GST Form PMT-03A.

CBIC has notified several changes in filing its existing Form GSTR-3B return. Form GSTR-3B is the return used by the government to collect taxes from its taxpayers.

Tenants are to pay an 18% GST on their home rent. Previously, GST was only applicable when residential property was used for commercial purposes, such as offices and shops. The GST on rent of residential property applies to both rented residential and commercial properties.

From October 1st, 2022, taxpayers with AATO over Rs. 10 crores must use e-invoicing under GST Notification 17/2022.

GST Compliance Calendar August 2022

August is a month of celebrations and freedom. 

Due to all the upcoming celebrations, including Raksha Bandhan, Parsi New Year, Muharram, Ganesh Chathurthi, and Independence Day on the 15th, August provides us with a chance to enjoy and rest a bit after a busy first half of 2022. 

There were several GST upgrades in July, one of which dealt with significant updates to GSTR 3B and ITC eligibility. Additionally, taxpayers with a yearly aggregate turnover of Rs. 5 Cr. and Rs. 20 Cr. are permitted to try e-invoicing in the Sandbox.  

We were always on watch throughout the month due to the government's announcement of several new GST revisions!  

In addition, numerous new GST notices, circulars, and legislative amendments have been made. 

Under Notification No. 17/2022, the B2B e-Invoicing system will now be available to companies having an annual aggregate turnover of more than Rs. 10 crores and up to Rs. 20 crores as of October 1, 2022. 

GST Compliance Calendar July 2022

Yes, it is already July. It seems unbelievable that we are already halfway through this year and that 2023 is only six months away!

GST has completed half a decade, and these 5 years have been eventful.

With the introduction of the e-way bill, e-invoicing, form GSTR 2B, form GSTR 4, the QRMP scheme, form GSTR 9C, and other significant developments, the GST system has undergone major reforms.

The 47th GST Council Council Meeting was recently conducted on June 28 and 29, 2022, during which the GST Council approved numerous significant decisions about compensating cess, rate modifications, and resolutions related to simplifying the compliance process for taxpayers.

The CBIC notification that previously waived the late reporting fee for GSTR-4 through June 30, 2022, has now been extended until July 28, 2022, as a decision of the 47th GST Council meeting.

Key Points to Note:

• It is necessary to post B2B invoices for June 2022 and B2C invoices for the whole quarter in GSTR-1 if the taxpayer used the Invoice Furnishing Facility (IFF) and uploaded B2B invoices for April and May 2022.
• Otherwise, the taxpayer should include every B2B and B2C invoice for the quarter between April 2022 - June 2022 in the quarterly GSTR-1.

A State

States: Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh

Union territories: Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep

B State

States: Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha

Union territories: Jammu and Kashmir, Ladakh, Chandigarh and Delhi