Yes, you can file GST returns quarterly, provided your business meets specific turnover criteria and, in some cases, has opted for specific schemes. Generally, small businesses with a turnover below a certain threshold (e.g., ₹5 crore in India or less than $20M in Australia) are eligible for quarterly filing, which reduces compliance, while large businesses must file monthly.
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.
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.
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.
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.
How often do I file a GST return? You choose to file your GST returns: Every six months, provided the total value of your taxable supplies in any 12 months is not likely to be more than $500,000; or. Every two months, which is the standard 'default' option if you do not elect your own option; or.
Access the www.gst.gov.in URL. The GST Home page is displayed. Login to the GST Portal with valid credentials. Click the Services > Returns > Opt-in for Quarterly Return option.
Monthly and quarterly reporting periods
If the end of a monthly reporting period is July 31, your payment deadline and filing deadline would be August 31. If the end of a quarterly reporting period is March 31, the payment deadline and filing deadline would be April 30.
Late submission penalty. A late submission penalty of $200 is imposed immediately when the GST return is not filed by the due date. A further penalty of $200 is imposed for every completed month that the GST F5/F8 return remains outstanding. The maximum penalty amount for each outstanding F5/F8 return is $10,000.
To make your GST/HST instalment payments, use Form RC160, Remittance Voucher – Interim Payments. This form is only available in a personalized and printed format. You still have to make your payment by the due date even if you do not receive your remittance form on time.
Therefore, upon non –filing of GST returns or missing out the GST due dates, the GST law prescribes a general penalty. The maximum penalty that may be imposed is Rs. 5,000. The taxpayer will be required to pay interest on late payment of GST at a rate of 18% annually in addition to the late payment penalty.
Businesses with a turnover of up to Rs. 5 Crore can submit quarterly returns through the QRMP program. Notably, the GSTR-1 deadline for each month gracefully aligns with the 13th day of the following quarter.
Manual> Filing Nil Form GSTR-1 Online by Normal Taxpayer
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.
I am a taxpayer. How can I view my filed Returns/Statements?
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.
These are the quarterly payment dates for tax year 2025:
The GST/HST credit payment period begins in July and ends in June of the following year: January and April payments. Based on your adjusted family net income from your 2024 tax return. July and October payments.
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'.
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)
Changing Your Reporting Period
Businesses can request a change in their reporting period by contacting the ATO, typically through their online business portal or via a registered agent.
What is the Minimum Turnover Limit for GST Registration? Businesses are required to register for GST and pay tax on their annual turnover if their annual revenue exceeds Rs. 40 lakhs in the case of goods supplied and Rs. 20 lakhs for the supply of services.
Form GSTR-3B can be filed from the returns section of the GST Portal. In the post login mode, you can access it by going to Services > Returns > Returns Dashboard. After selecting the financial year and tax period, Form GSTR-3B, (if applicable), in the given period will be displayed.