GST Compliances Due In April 2021

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Overview of the GST Return Filing Structure

  1. Regular Taxpayers:

The GST returns in forms GSTR-1 and GSTR-3B are to be filed by businesses and professionals registered under GST every month if their annual aggregate turnover during the financial year exceeds Rs. 5 crore (was Rs. 1.5 crore up to December 2020). On the other hand, the rest of the taxpayers had an option to choose a quarterly GSTR-1 filing while continuing to file GSTR-3B monthly, under December 2020.

  1. Composition Taxable Persons

A person registered under the composition scheme must pay tax once in a quarter in form CMP-08 giving details while he must file a new version of GSTR-4 every year by 30th April.

  1. Returns for specific transactions/persons

Special transactions under GST have been defined with specific GST returns such as GSTR-5, GSTR-5A, GSTR-6, GSTR-7 and GSTR-8. 

Here is the GST Calendar for April 2021 at a glance

April is the month of concluding the compliances of Previous Financial Year and is starting of new Financial Year. So here are the bunch of compliances which are required to be completed in April, 2021.

  • HSN/ SAC Code on tax invoices must be there from 1st April, 2021 in the below format:
    1. If turnover is above 5 Crore then 6 digits of code, &
    2. If turnover is 5 crore or below then only digits of the code is required.
  • Clients who file GSTR-1 & 3B monthly then it is required to file it before 11th April and 20th April respectively for the month of March, 2021.

It is important to check all data of FY-2021 on the portal, if any mismatch then adjust it while filling Gstr-1 & 3b accordingly.

  • Clients opted for QRMP scheme then they are also advised to file their GSTR-1 & 3B accordingly with adjustments if required by matching whole data from portal till 13th April and 22nd April, 2021(for the GSTN holders of Chhattisgarh, Madhya Pradesh, Gujarat, Daman and Diu and Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, Tamil Nadu, Puducherry, Andaman & Nicobar island, Telangana and Andhra Pradesh) and 24th April, 2021 (for the taxpayers of Jammu and Kashmir, Ladakh, Himachal Pradesh, Punjab, Chandigarh, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha and Uttarakhand.) respectively. 
  • If turnover of the GST client is of 5 crore or above is required to generate E-INVOICE from 1st April, 2021.
  • QRMP scheme can also be opted by the GSTN holder if the turnover is below 5 crore,. it is advised to opt it after proper evaluation of the scheme for FY- 2021-22.
  • The exporters are required to apply for LUT for the Financial Year- 2021-22.
  • Some other due dates during the month of April are:

10th April, 2021

GSTR-7 for the month of March, 2021, which is to be filled by any person who is deducting TDS under GST.

GSTR-8 for the month of March, 2021, which is to be filled by the E- commerce operator who is deducting TDS under GST.

18th April, 2021

GST-CMP-08 for the period of January – March, 2021, a Quarterly challan cum statement which furnished by a composition dealer.

30th April, 2021

GSTR-4, annual return to be filled by the composition scheme taxpayers.

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