Yes, GST/HST credit payments from the CRA are issued quarterly, typically on the 5th day of July, October, January, and April. These tax-free payments help low-to-modest-income individuals offset taxes. For businesses, quarterly filing/payment is common for those with annual revenue between $1.5M and $6M, or optional for smaller businesses.
The Canada Revenue Agency (CRA) sends your GST/HST credit amount as quarterly payments each year.
Yes, if you opt for QRMP scheme, both Form GSTR-1 and Form GSTR-3B will be required to be filed at quarterly frequency. However, Payment needs to be made every month, for tax dues on monthly basis through a challan.
GST instalments method (pay quarterly and report annually) You may elect this reporting method if you meet the eligibility requirements, including where you either: carry on a business with an aggregated turnover of less than $10 million.
The GST/HST credit is a non-taxable amount paid four times a year to individuals and families with low and modest incomes to help offset the GST/HST that they pay.
Filing GST returns
Most small businesses choose to file two-monthly or six-monthly GST returns. Two-monthly means more paperwork but can be easier to keep track of.
Your GST reporting and payment cycle will be one of the following: Monthly – if your GST turnover is $20 million or more. Quarterly – if your GST turnover is less than $20 million – and we have not told you that you must report monthly. Annually – if you are voluntarily registered for GST.
Login to the GST Portal with valid credentials.
Payment of taxes by the normal tax payer is to be done on monthly basis by the 20th of the succeeding month. Cash payments will be first deposited in the Cash Ledger and the tax payer shall debit the ledger while making payment in the monthly returns and shall reflect the relevant debit entry number in his return.
These quarterly payments are usually equal to one-quarter (¼) of your net tax from the previous year. You are a business with a December 31 fiscal year-end. Your net tax for the 2020 fiscal year was $4,000. The Canada Revenue Agency will calculate your quarterly instalments at $1,000 each ($4,000 ÷ 4).
Accordingly, in general the due date of filing of GSTR-3 monthly return and payment of tax is 20th of the following month. As per the provisions of Section 39(2), A registered person paying tax under the provisions of section 10 shall furnish a return within eighteen days after the end of such quarter.
The CRA determines the filing frequency and pays GST (monthly, quarterly, or annually) depending on your revenue.
Both GST returns and payment are due one month after the end of the accounting period covered by the return. If you are on GIRO plan for GST payment, GIRO deductions are on the 15th day of the month after the payment due date. You may refer to your acknowledgement page for payment details after you have filed.
GSTR-1: Filed quarterly, by the 13th of the month following the quarter. GSTR-3B: Filed quarterly, by the 22nd or 24th (depending on the state). Tax payment: Made monthly using Form PMT-06.
GST/HST payment due dates
January 31, 2025 – Quarterly filers must pay GST/HST collected from October to December 2024. April 30, 2025 – GST/HST collected from January to March 2025 is due for quarterly filers. July 31, 2025 – GST/HST collected from April to June 2025 is due for quarterly filers.
Step 1: Log in to the GST portal and navigate through Services > Returns > Opt-in for quarterly return. Step 2: The opt-in quarterly return page will be displayed. Select the financial year from the drop-down list for which you want to change the filing frequency. Click on 'Search'.
The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment for individuals and families with low and modest incomes to help offset the GST or HST they pay. It may also include payments from provincial and territorial programs.
Types of GST in India
CGST (Central Goods and Services Tax) SGST (State Goods and Services. IGST (Integrated Goods and Services Tax) UTGST (Union Territory Goods and Services Tax)
Starting September 22, 2025, GST in India will be simplified to primarily two rates: 5% and 18%, with a special 40% rate on luxury and sin goods like tobacco and high-end vehicles. Many essentials, including certain medicines and foods, are now zero-rated, while several items see reduced rates.
Special rules for first time filers explains how to determine if you need to pay the GST/HST by instalments in your second fiscal year. If you are an annual filer and your net tax for your previous fiscal year is $3,000 or more, you may have to make quarterly instalment payments in the current fiscal year.
For GST, the CRA filing and payment deadline is 3 months after your fiscal year end. For GST filed and paid annually, the CRA payment deadline is April 30 and the filing deadline is June 15. For GST filed and paid monthly and quarterly, the CRA filing and payment deadline is one month after the reporting period.
Subtracting GST from Price
To calculate how much GST was included in the price, divide the total price by 11 ($1000∕11=$90.91). To calculate the price without GST, divide the price by 1.1 ($1000∕1.1=$909.09).
It is filed monthly (for turnover above ₹5 Cr) or quarterly (for turnover up to ₹5 Cr under QRMP). GSTR-3B is a self-declared summary return showing sales, ITC, and tax payable. It is filed monthly/quarterly on the GST portal.
The calendar quarters are the three-month periods ending March 31, June 30, September 30 and December 31. If your reporting period is monthly or quarterly, you have to file your GST return and remit any amount owing no later than one month after the end of the reporting period.