GST is paid either quarterly or annually, depending on your business's turnover, location, and registration type. Small businesses often pay quarterly (or monthly in some jurisdictions), while very small or specific entities may qualify for annual filing. Generally, higher turnover requires more frequent payments (monthly or quarterly).
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.
As a rule, you must remit the GST in four quarterly instalments if: you file your returns annually; the net amount of GST you expect to pay for the current year is $3,000 or more; and. the net amount of GST you paid for the previous year is $3,000 or more.
Login to the GST Portal with valid credentials.
You need to continue filing GSTR-1 on a quarterly basis and the GSTR-3B will also need to be filed on a quarterly basis with monthly tax payments. For more information about the QRMP scheme, read our article on “All about the QRMP scheme.”
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.
How often are GST payments made? GST payments are typically made quarterly, on the 5th day of January, April, July, and October each year. If the date falls on weekends or public holidays, payments will be made the last business before the 5th.
If your frequency is monthly or quarterly, your GST returns are due the month after the end of the reporting period. The GST payment is due by August 30 for GST collected in July. If your GST frequency is annual, your GST returns are due within three months after the end of the fiscal year.
Click the Services > Returns > Opt-in for Quarterly Return option. 2. The Opt-in for Quarterly Return page is displayed. From the Financial Year drop-down list select the year for which you want to change the filing frequency and click the SEARCH button.
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.
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.
Credit or debit card (authorized banks only) National Electronic Fund Transfer (NEFT) or real-time gross settlement (RTGS) (any bank, authorized or unauthorized) Over-the-counter (OTC) payment (authorized banks only) for deposits up to ten thousand rupees per challan and per tax period.
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.
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.
The annual GST return requires the taxpayer to enter information relating to sales and purchases and the actual tax debits and tax credits that relate to a financial year period (e.g. from 1 July to 30 June). The outgoing annual GST return will be sent to taxpayers after Q4 each year (that is after 30 June).
The dashboard will display whether your return type is monthly or quarterly, depending on your aggregate turnover. Businesses with turnover above ₹5 crore must file monthly returns, while those below ₹5 crore can opt for quarterly GST return filing.
Quarterly GST Returns Due Dates
The GSTR-1 due date is the 13th of the month following the quarter. It has details of the outward sales results of the quarter. The GSTR-3B due date for those who file tax quarterly is the 22nd or 24th of the month next to the quarter.
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.
While paying taxes annually is an option, paying taxes quarterly is the most effective way to manage income and self-employment taxes, avoid surprises, and maintain financial credibility.
Here are some of the primary and most common errors made by enterprises, and this is how you can fix them as well.
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.
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).
You will get your annual GST/HST credit, which was calculated using information from your 2024 tax return, in four payments. The CRA will make these payments on the 5th day of July and October 2025, and of January and April 2026.