What is GST?
GST (Goods and Services Tax) is an indirect tax levied on the supply of goods and services.
It is a unified tax system across India, designed to create the concept of “One Nation, One Tax, One Market.”
GST was implemented on 1st July 2017.
Founder / Introduced by:
GST was introduced in India under the government of Prime Minister Shri Narendra Modi.
The concept of GST was first proposed in the 1970s by a committee headed by Asim Dasgupta, who was the Chairman of the GST Empowered Committee.
What are GST Payment Dates?
GST Payment Dates refer to the due dates by which taxpayers must pay tax while filing their GST returns.
Different types of returns have different due dates depending on the taxpayer category.
| Return Type | Type of Filer | Filing Frequency | Due Date |
|---|---|---|---|
| GSTR-3B (Main Monthly Return) | Monthly Filer | Every Month | 20th of the following month |
| Quarterly Filer (under QRMP Scheme) | Every Quarter | 22nd or 24th of the month following the quarter (depending on the state) | |
| GSTR-1 (Sales Return) | Monthly Filer | Every Month | 11th of the following month |
| Quarterly Filer (QRMP) | Every Quarter | 13th of the month following the quarter | |
| CMP-08 (Composition Scheme Taxpayer) | Composition Dealer | Every Quarter | 18th of the month following the quarter |
| GSTR-9 (Annual Return) | All Regular Taxpayers | For the Entire Financial Year | 31st December of the following year |
Important Notes:
- Interest and late fees are applicable if payment is not made within the due date.
- GST payments are made online through the GST Portal (www.gst.gov.in) using a Challan (Form GST PMT-06).
(3) Important GST Due Dates in 2025
Important GST Payment Dates for October 2025
| Return Type | Period Covered | Due Date |
|---|---|---|
| CMP-08 (Composition Scheme) | July – September 2025 | 18th October 2025 |
| GSTR-1 (Quarterly) | July – September 2025 | 13th October 2025 |
| GSTR-3B (Monthly) | September 2025 | 20th October 2025 |
| GSTR-3B (Quarterly) | July – September 2025 | 22nd October 2025 (Category X States) |
| GSTR-3B (Quarterly) | July – September 2025 | 24th October 2025 (Category Y States) |
| GSTR-5A (OIDAR Services) | September 2025 | 20th October 2025 |
| GSTR-6 (Input Service Distributor – ISD) | September 2025 | 13th October 2025 |
| GSTR-5 (Non-Resident Taxable Person) | September 2025 | 13th October 2025 |
| GSTR-11 (UIN Holders) | September 2025 | 28th October 2025 |
Important Notes:
- GSTR-9 (Annual Return):
For the financial year 2024–25, the due date for filing is 31st December 2025. (Source: The Economic Times) - Changes in GSTR-3B:
From July 2025, once GSTR-3B is filed, any changes or corrections can only be made through GSTR-1A. (Source: The Times of India) - Time Limit for Return Filing:
From July 2025, GST returns cannot be filed or revised after three years from the due date. (Source: The Times of India)
(4) Who is Required to Pay GST?
Not all traders or service providers are required to pay GST.
Only those individuals or businesses that meet certain eligibility conditions need to register and pay GST.
Merchants and Manufacturers
- Businesses with an annual turnover exceeding ₹40 lakh (depending on the state).
- In special category states (like North-Eastern states or Himachal Pradesh), GST registration is required if turnover exceeds ₹20 lakh.
Service Providers
- Individuals or entities providing services with annual income exceeding ₹20 lakh.
- For certain special services, the threshold limit may be ₹10 lakh.
Interstate Suppliers
- Any business involved in interstate supply — selling goods or services from one state to another -must register under GST.
E-commerce Sellers
- Sellers who supply goods or services through online marketplaces such as Amazon, Flipkart, Meesho, etc., are required to register and pay GST.
Special Category Dealers
- Small businesses registered under the Composition Scheme, who pay GST at a reduced fixed rate.
Overseas / OIDAR Service Providers
- Non-resident taxable persons or foreign companies offering Online Information and Database Access or Retrieval (OIDAR) services in India (such as digital or software services) must pay GST.
Who is Not Required to Pay GST:
- Small businesses whose annual turnover is below the threshold limit (₹40 lakh / ₹20 lakh).
- Farmers selling agricultural produce in raw form.
- Certain government bodies and registered NGOs engaged in non-commercial activities.
(5) How Does the GST Payment Process Work?
GST Payment Process – Step-by-Step Guid
Step 1: Log in to the GST Portal
- Visit the official website: www.gst.gov.in
- Log in using your User ID and Password
Step 2: Check Your Tax Liability
Step 3: Generate a Challan
Step 4: Choose the Payment Method
You can pay GST using any of the following modes:
- Net Banking
- Debit / Credit Card
- Over the Counter (Bank Payment)
- NEFT / RTGS / UPI
Step 5: Submit the Payment
- Make the payment through the selected mode
- After a successful transaction, a Challan Receipt / ARN (Acknowledgement Reference Number) will be generated
Step 6: Adjust the Payment in Your Return
- After payment, go to your GSTR-3B or relevant return form
- Enter the details under the Tax Paid section
- If you have used Input Tax Credit (ITC), adjust it accordingly
Step 7: Save the Receipt and Records
Important Points:
- Interest and late fees apply if payment is not made on time.
- Part-payment of tax is allowed.
- Payments made without a valid challan will not reflect in your return.
(6) What Are the Consequences of Late or Missed GST Payment?
Failing to pay or file GST on time can lead to several financial and legal penalties.
Here are the major consequences explained below:
1. Interest Charges
If you fail to pay GST within the due date, interest is levied on the unpaid amount.
- Interest Rate:
- For unpaid GST (GSTR-3B): 18% per annum
- For delayed ITC claim: 24% per annum
2. Late Fee (Penalty)
A late fee is charged for every day of delay in filing the return.
- For Regular Taxpayers:
- ₹25 per day under CGST + ₹25 per day under SGST
- Maximum Late Fee:
Cannot exceed the total amount of tax due.
3. Loss of Input Tax Credit (ITC)
If you fail to file returns on time, you lose eligibility to claim Input Tax Credit (ITC).
This means the tax you already paid cannot be adjusted or claimed later — resulting in financial loss.
4. Negative Impact on Compliance Rating
Your GST Compliance Rating (visible on the GST portal) can decrease.
A poor rating may affect your loan approvals, government tenders, and business credibility.
5. Legal Action or Penalty
Repeated delays or cases involving tax evasion can result in:
- Legal notices
- Hefty penalties
- Prosecution under GST laws
6. Issues During Audit or Scrutiny
Not filing returns on time can trigger government audits or detailed scrutiny, causing unnecessary compliance hurdles and stress
Timely GST payment and return filing are essential for every registered taxpayer.
Delays can lead to:
- Interest & Late Fees
- Loss of ITC
- Poor Compliance Rating
- Legal Risks and Audit Complications
Hence, always pay and file GST before the due date to avoid penalties and maintain a clean compliance record.
(7) What’s New in GST for 2025?
Trending GST Updates & Key Policy Changes
2025 has brought major reforms in India’s GST framework — simplifying tax slabs, reducing rates on essential goods, and improving refund mechanisms. Here are the top changes every business and taxpayer should know
1. Simplified GST Slab Structure
The government has revamped the GST system by reducing the number of tax slabs.
- Earlier: 4 slabs (12%, 18%, 28%)
- Now: Only 2 main slabs — 5% and 18%
- A special high rate of 40% applies to certain luxury and sin goods.
This move aims to make the GST framework simpler, transparent, and easier to understand. (Source: Government of India)
2. Reduced GST on Essential and Daily-Use Goods
To boost consumer affordability, GST rates have been reduced on essential and core items such as:
- Textiles and footwear
- Construction materials
- Food products
- Handicraft and handmade items
For example, GST on handcrafted idols and paintings has been cut from 12% to 5%.
(Source: Press Information Bureau)
3. 40% GST on Luxury & Harmful Goods
A special 40% GST slab has been introduced for luxury and harmful products, including:
- Tobacco and pan masala
- High-end cars and private jets
- Yachts and premium lifestyle goods
This aims to discourage the use of non-essential and harmful commodities while maintaining fairness in taxation. (Source: Government of India)
4. Faster & Smarter GST Refund System
The Delhi government has released ₹1,002 crore in GST refunds, offering relief to traders ahead of Diwali.
The refund system has been upgraded using a new IT module developed in collaboration with IIT Hyderabad, making it faster, more transparent, and efficient.
5. Consumer Benefits & Demand Growth
According to government data, reduced GST rates have led to:
- A 10% rise in consumer demand
- Lower prices for key household items
The government is monitoring the prices of 54 essential goods to ensure the benefit of tax cuts reaches consumers directly. - GST 2025 marks a new era of simplification and transparency — fewer slabs, faster refunds, lower taxes on essentials, and stricter regulation of luxury goods.
- India’s tax system is now smarter, fairer, and more aligned with the “Ease of Doing Business” vision.
(8) Smart Tips for GST Taxpayers
Practical Advice to Stay Compliant and Save Money
Managing GST can be simple if you stay organized, informed, and disciplined.
Here are some smart tips every GST-registered taxpayer should follow in 2025:
1. File Returns on Time
- Late filing attracts interest and late fees.
- Use calendar reminders or enable GST portal alerts to avoid missing due dates.
- Filing Order: GSTR-1 → GSTR-3B → GSTR-9
2. Use Input Tax Credit (ITC) Correctly
- Claim ITC only on valid and genuine invoices.
- Ensure your GSTIN matches with your supplier’s GSTR-1 data.
- Adjust ITC only in the same month or financial year when the tax liability arises.
3. Maintain Accurate Invoices & Records
- Each invoice must include: GSTIN, HSN/SAC Code, Tax Rate, and Amount.
- Cross-check all records before filing returns.
- Keep both digital and physical copies safely stored for audits.
4. Manage Your Cash Flow Wisely
- Set aside funds specifically for GST payments.
- Perform bank reconciliation for advance payments or outstanding tax liabilities.
5. Understand the Composition Scheme
- The Composition Scheme is ideal for small businesses with lower turnover.
- However, you cannot claim Input Tax Credit (ITC) under this scheme.
- Review your annual turnover before deciding between Regular or Composition options.
6. Use GST Accounting Software or Apps
- Use reliable accounting software to manage invoices, ITC, and returns.
- This reduces errors and saves valuable time during filing.
7. Stay Updated with GST Changes
- GST rates and compliance rules change frequently.
- Regularly check government notifications and GST portal updates to stay compliant.
8. Keep All Payments & Challans Safe
- Always save payment receipts and challans.
- Maintain an organized digital folder for audits and future reference.
9. Avoid Fraudulent Practices
- Never engage in fake invoicing or tax evasion.
- Such practices can lead to severe legal and financial penalties.
Bonus Tip:
If you’re unsure about any GST process, consult a qualified tax expert or GST practitioner.
Getting the right advice at the right time can help you avoid penalties and unnecessary interest charges.
(10) GST Return Filing Process
Step-by-Step Guide to Filing Your GST Returns in 2025
Filing your GST return correctly and on time is crucial to stay compliant and avoid penalties.
Here’s a complete step-by-step guide for taxpayers to understand and complete the GST return filing process.
1. Understand the Types of GST Returns
Before filing, identify which type of GST return you need to file.
Here are the most common GST returns:
| Return Form | Who Files It | Frequency |
|---|---|---|
| GSTR-1 | Sellers (Sales / Outward Supplies) | Monthly / Quarterly (depending on turnover) |
| GSTR-3B | All regular taxpayers | Monthly |
| GSTR-4 | Composition Scheme taxpayers | Quarterly |
| GSTR-9 | Regular taxpayers (Annual) | Annually |
| GSTR-9C | Audit form (for turnover above ₹2 crore) | Annually |
Note: GSTR-2 and GSTR-3 are currently suspended.
2. Prepare the Required Documents
Before filing GST returns, make sure you have the following data ready and verified:
- Sales invoices
- Purchase invoices
- Debit/Credit notes
- Input Tax Credit (ITC) details
- Payment information
Ensure that all figures are accurate and match your accounting records.
3. Log in to the GST Portal
- Visit: www.gst.gov.in
- Enter your GSTIN, username, and password to log in
- Go to ‘Returns Dashboard’ → ‘Prepare Online’
(or use the offline utility template for bulk uploads)
4. File GSTR-1 (Sales / Outward Supplies)
- Enter all B2B, B2C, and export invoices
- You can upload invoices via Excel/CSV or enter manually
- Review, submit, and file GSTR-1
Due Date: Usually 11th of the next month
5. File GSTR-3B (Summary Return)
Based on your GSTR-1 and purchase records, prepare GSTR-3B.
You must report:
- Total sales and taxable value
- Eligible Input Tax Credit (ITC)
- Tax payable (CGST, SGST, IGST)
Pay GST using Net Banking, Credit/Debit Card, NEFT/RTGS, or UPI.
Then, submit and file GSTR-3B.
Due Date: Usually 20th of the next month
6. Reconciliation
- Compare your purchase records with GSTR-2A / GSTR-2B (auto-populated data)
- Ensure that your ITC claim matches supplier data
- Correct any discrepancies before filing GSTR-3B
7. File Annual Return (GSTR-9)
- Compile details of all monthly or quarterly returns for the financial year
- File GSTR-9 and, if applicable, GSTR-9C (Audit Form)
Due Date: 31st December of the following financial year
8. Keep Records Safe
- Maintain all invoices, challans, and filed returns for at least 6 years
- These records may be required during audit or scrutiny by tax authorities.
Pro Tips:
- Use online accounting or GST filing software for faster and error-free submission
- Always file returns on time to avoid interest and late fees
- Regularly check the GST portal notifications for updates and changes
(11) Complete List of GST Forms and Their Meaning
1. GSTR-1
- Meaning: Details of Outward Supplies (Sales)
- Who Files: All regular taxpayers
- Frequency: Monthly / Quarterly
- Use: To report all B2B, B2C, and export sales to the government
2. GSTR-2 (Currently Suspended)
- Meaning: Details of Inward Supplies (Purchases)
- Who Files: Buyers / Recipients of Goods or Services
- Frequency: Monthly
- Use: To view supplier-provided sales details and verify ITC
3. GSTR-3 (Currently Suspended)
4. GSTR-3B
- Meaning: Simple Monthly Summary Return
- Who Files: All regular taxpayers
- Frequency: Monthly
- Use: To report summary of tax payable (CGST, SGST, IGST) and ITC
Note: Currently used in place of GSTR-3
5. GSTR-4
- Meaning: Composition Scheme Return
- Who Files: Composition Scheme taxpayers
- Frequency: Quarterly
- Use: For taxpayers under the composition tax scheme
6. GSTR-5
- Meaning: Non-Resident Taxable Person Return
- Who Files: Non-Resident taxable persons
- Frequency: Monthly
- Use: For foreign suppliers without a permanent presence in India to report GST
7. GSTR-6
- Meaning: Input Service Distributor (ISD) Return
- Who Files: Input Service Distributors
- Frequency: Monthly
- Use: To distribute ITC across different branches
8. GSTR-7
- Meaning: TDS Return
- Who Files: Tax Deductors under GST (government or businesses deducting TDS)
- Frequency: Monthly
- Use: To report GST TDS deducted
9. GSTR-8
- Meaning: TCS Return
- Who Files: E-Commerce operators collecting TCS
- Frequency: Monthly
- Use: To report Tax Collected at Source (TCS) by e-commerce platforms
10. GSTR-9
- Meaning: Annual Return
- Who Files: Regular taxpayers
- Frequency: Annually
- Use: Consolidated return for the entire financial year
11. GSTR-9A
- Meaning: Annual Return for Composition Taxpayers
- Who Files: Composition Scheme taxpayers
- Frequency: Annually
- Use: Annual return for composition scheme taxpayers
12. GSTR-9C
- Meaning: Reconciliation Statement & Audit Form
- Who Files: Taxpayers with turnover > ₹2 crore
- Frequency: Annually
- Use: Audit and reconciliation of annual return with books of accounts
13. GSTR-10
- Meaning: Final Return
- Who Files: Taxpayers with cancelled GSTIN
- Frequency: Once
- Use: To file a final return when GST registration is cancelled
14. GSTR-11
- Meaning: Return for UIN Holders
- Who Files: Taxpayers with UIN (Unique Identification Number)
- Frequency: As required
- Use: To report supplies made to central/state government departments
(12) GST Payment Methods (Online & Offline)
1. GST Payment Methods (Online)
a) Net Banking / Internet Banking
- The most common and fastest method.
- Payments can be made directly on the GST Portal via any bank’s net banking platform.
Steps:
- Log in to the GST Portal.
- Go to Services → Payments → Create Challan.
- Enter Tax Type and Amount.
- Select Bank and Net Banking option.
- You will be redirected to the bank site. Log in and complete the payment.
b) Credit / Debit Card
- Payment via VISA, MasterCard, or Amex card.
- Transaction Limit: As per bank card limit.
- Transaction Charges: May apply as per bank.
Steps: Same as above, but select Card Payment option.
c) Over the Counter (OTC) via Bank
- Some bank branches allow direct payment via Cash / Cheque / Demand Draft (DD).
- Bank needs the GSTIN and Challan Reference Number to process the payment.
d) NEFT / RTGS
- Payment via NEFT/RTGS from your bank account.
Steps:
- Generate the Challan and note the Reference Number.
- Use your bank’s NEFT/RTGS option to make the payment.
- Enter the Challan number in payment details.
2. GST Payment Methods (Offline)
a) Cash / Cheque / Demand Draft at Bank
- Payment can be made at authorized banks using cash, cheque, or DD.
Steps:
- Generate GST Challan.
- Submit Challan and payment mode at the bank.
- Bank verifies GSTIN and tax amount and processes payment.
b) Payment through Authorized Bank Branch
- Directly submit Challan at the bank branch to pay GST.
- Mainly for small taxpayers or those without net banking access.
3. Important Points
- Generating a Challan is mandatory for both online and offline payments.
- Payment confirmation receipt must be updated on the GST Portal.
- Different payment modes may be required for CGST, SGST, IGST, and Cess.
- Late payment may attract interest and penalty.
| Payment Mode | Online / Offline | How to Pay |
|---|---|---|
| Net Banking | Online | GST Portal → Challan → Bank → Pay |
| Credit / Debit Card | Online | GST Portal → Card Option → Pay |
| NEFT / RTGS | Online | Bank → Enter Challan Reference → Pay |
| Cash / Cheque / DD | Offline | Authorized Bank Branch → Submit Challan |
| Bank Branch (OTC) | Offline | Direct Cash/Cheque/DD → GST Bank |
(13) GST Late Payment Penalty & Interest Calculation
1. Late Payment Interest
a) Applicable Rate
- If GST is not paid on time, interest is charged.
- Interest Rate: 18% per annum (general case)
- Calculated on a daily basis.
b) Interest Calculation Formula Interest=Tax Payable×18%×No. of days late365\text{Interest} = \frac{\text{Tax Payable} \times 18\% \times \text{No. of days late}}{365}Interest=365Tax Payable×18%×No. of days late
Example:
- Tax Payable = ₹50,000
- Due Date = 20th October
- Payment Date = 30th October → 10 days late
Interest=50,000×0.18×10365=₹246.57\text{Interest} = \frac{50,000 \times 0.18 \times 10}{365} = ₹246.57Interest=36550,000×0.18×10=₹246.57
Note: Interest is charged only on the tax amount, not on the penalty.
2. Late Filing Penalty
a) Applicable Rate
As per GST Act:
- CGST/SGST/UTGST: ₹25 per day per Act (Maximum ₹5,000)
- Combined CGST + SGST = ₹50 per day
- If Tax Payable = 0, Penalty = ₹20/day
b) Calculation Example
- GSTR-3B Return filed 10 days late
- Tax Payable > 0
Penalty=10×50=₹500\text{Penalty} = 10 \times 50 = ₹500Penalty=10×50=₹500
3. Combined Late Payment Charges
- Interest: 18% per annum on Tax Amount
- Penalty: ₹50/day for late filing (if tax payable)
Example:
- Tax Payable: ₹50,000
- 10 days late
- Interest = ₹246.57
- Penalty = ₹500
- Total Late Charges = ₹746.57
4. Important Points
- Interest and Penalty are separate; both apply.
- If Tax Amount = 0 → only Penalty applies, no interest.
- Late Filing is counted from Due Date + 1 day.
- Maximum Penalty = ₹5,000 per return.
| Charges Type | Rate / Amount | Basis |
|---|---|---|
| Interest | 18% p.a. | Tax Amount only |
| Penalty | ₹50/day (CGST+SGST), max ₹5,000 | Late Filing (if Tax>0) |
| Penalty | ₹20/day | Late Filing (if Tax=0) |
(14) State-wise GST Payment Dates
GST Payment Dates (FY 2025-26)
1. Monthly Filers (Turnover > ₹5 Cr)
- GSTR-3B: 20th of every month
- GSTR-1: 11th of every month
2. Quarterly Filers (QRMP Scheme)
- Category X States/UTs: 22nd of the month following the quarter
- Category Y States/UTs: 24th of the month following the quarter
Category X and Category Y States/UTs
| Category | States/UTs |
|---|---|
| X | Delhi, Uttar Pradesh, Bihar, Uttarakhand, Rajasthan, Madhya Pradesh, Chhattisgarh, Odisha, Jharkhand, West Bengal, Assam, Meghalaya, Manipur, Mizoram, Nagaland, Tripura, Arunachal Pradesh, Sikkim, Jammu & Kashmir, Ladakh, Puducherry, Daman & Diu, Dadra & Nagar Haveli |
| Y | Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, Kerala, Maharashtra, Gujarat, Goa, Punjab, Haryana, Himachal Pradesh, Chandigarh, Andaman & Nicobar Islands, Lakshadweep, Dadra & Nagar Haveli and Daman & Diu |
Important Notes
- Under the QRMP Scheme, the monthly payment date is the 20th, while quarterly return filing depends on the state category.
- GSTR-3B and GSTR-1 payment dates may differ, so it’s important to track both separately.
(15) Common Mistakes in GST Payment
1. Entering Wrong GSTIN or Challan Details
- Mistake: Incorrect GSTIN, Return Period, or Challan Number.
- Consequence: Payment won’t reflect; Tax Liability will appear as outstanding.
- Solution: Always double-check GSTIN and Challan details before making payment.
2. Mistake in Tax Type (CGST/SGST/IGST)
- Mistake: Choosing the wrong tax type (e.g., paying IGST under CGST).
- Consequence: Ledger entries get mismatched, causing adjustment issues.
- Solution:
- CGST/SGST = Intrastate Supply
- IGST = Interstate Supply
- Always make payment under the correct tax type.
3. Late Payment
- Mistake: Paying after the due date.
- Consequence: Interest at 18% per annum + Penalty ₹50/day (if Tax > 0).
- Solution:
- Mark monthly/quarterly due dates in your calendar.
- Follow the correct due dates for QRMP/Monthly filers.
4. Wrong ITC Claim
- Mistake: Claiming incorrect ITC or forgetting to claim eligible ITC.
- Consequence: Tax liability increases, and interest/penalty may apply.
- Solution:
- Reconcile purchase details with GSTR-2A/2B.
- Claim only eligible ITC.
5. Wrong Amount Payment
- Mistake: Making partial or excess payment.
- Consequence: Ledger mismatch, delays in refund processing.
- Solution:
- Calculate tax liability correctly before payment.
- Adjust ITC properly.
6. Mistake in Payment Mode
- Mistake: Choosing the wrong payment mode or exceeding bank limits.
- Consequence: Transaction may fail or get delayed.
- Solution:
- Check limits for Net Banking, NEFT/RTGS, Credit/Debit cards.
- Always generate challan before payment.
7. Confusing Late Filing vs Late Payment
- Mistake: Confusing the payment due date with the return filing date.
- Consequence: Interest/penalty may apply even if payment is on time.
- Solution:
- GSTR-3B Payment Date: 20th of next month (for monthly filers)
- GSTR-1 Filing Date: 11th of next month
8. Using Old or Incorrect Bank Account
- Mistake: Making payment from an outdated or wrong bank account on GST Portal.
- Consequence: Payment may fail or cause reconciliation issues.
- Solution:
- Use only authorized bank accounts.
- Verify bank details in the challan before payment.
Quick Tips to Avoid Mistakes
- Always reconcile tax liability before payment.
- Use GST accounting software for automated calculations.
- Double-check challan details, tax type, and amount.
- Set calendar reminders for monthly/quarterly due dates.
- Keep payment receipts safely for audit purposes.
(16) New Updates in GST System – 2025
GST 2.0: New Tax Structure
From September 2025, the new GST structure replaces the previous four main slabs with three main slabs:
- 0%: Essential goods and services
- 5%: General consumer goods and services
- 18%: Standard rate
- 40%: Luxury and harmful goods (e.g., pan masala, tobacco, high-end cars, yachts, private jets)
This change removes the 12% and 28% slabs, making the tax system simpler and more consumer-friendly. (Source: India Government)
Improved GST Refund Process
The Delhi Government issued ₹1,002 crore in GST refunds to traders and entrepreneurs before Diwali.
This initiative uses an advanced IT module developed in collaboration with IIT Hyderabad, leveraging data analytics, automation, and quick verification to simplify and speed up the refund process. (Source: The Times of India)
Consumer Benefits and Increased Demand
Finance Minister Nirmala Sitharaman stated that the reduced GST rates are benefiting consumers, leading to increased purchases across the country.
The government is monitoring the prices of 54 essential goods to ensure that the benefits of tax cuts reach consumers. (Source: The Times of India)
Increased Consumption of Electronics
Union Minister Ashwini Vaishnaw noted that GST 2.0 is yielding positive results.
This year, electronic product consumption is expected to increase by ₹20 lakh crore, with record sales of items like TVs during the festive season. (Source: Navbharat Times)
Filing GSTR-9 and GSTR-9C
The GST Portal has enabled filing of GSTR-9 (Annual Return) and GSTR-9C (Audit Report) for the FY 2024-25.
- Deadline: 31 December 2025
- GSTR-9: Mandatory for regular taxpayers
- GSTR-9C: Reconciliation of audited financial statements with filed returns (Source: The Economic Times)
Key Highlights under GST 2.0
- Simplified Slabs: 5%, 18%, and 40%
- 40% Rate on Luxury and Harmful Goods: Pan masala, tobacco, high-end cars, yachts, private jets
- 5% Rate on General Consumer Goods: Daily-use items
- 0% Rate on Essential Goods: Food items, medicines, etc.
- Improved Online Return Filing: Enhanced modules for GSTR-7 and GSTR-9 series
(17) How to Check GST Payment Status
1. Login to GST Portal
- Visit the GST Portal: www.gst.gov.in
- Enter your GSTIN / Username and Password to log in.
2. Navigate to Payment Section
- From the Dashboard, go to:
Services → Payments → Track Payment Status - Here, you can view a list of all your GST payment transactions.
3. Enter Payment Details
- Enter Challan Number / ARN (Acknowledgement Reference Number)
- Select the Tax Period and Tax Type (CGST / SGST / IGST / Cess)
4. Check Payment Status
The GST Portal will display your payment status as:
- Paid / Successful: Payment has been accepted
- Pending: Payment is being processed by the bank
- Failed / Rejected: Payment was not successful
5. Download Payment Receipt
- Once the status is updated, download the Payment Receipt / Challan
- Keep it safe for audit and future reference
Tips
- Payment status is usually updated 24-48 hours after bank processing
- For failed payments, immediately contact your Bank or GST Helpdesk
- Ensure you enter the correct GSTIN and Challan Number
18. Monthly vs Quarterly Taxpayer Difference
1. Monthly Taxpayer
| Feature | Details |
|---|---|
| Who Can File | All regular taxpayers with an annual turnover above ₹5 Crore |
| Return Filing | GSTR-1 and GSTR-3B must be filed every month |
| Payment Frequency | GST liability must be paid monthly |
| Due Dates | GSTR-1: 11th of next month GSTR-3B: 20th of next month |
| Reconciliation | Purchase and Sales records must be reconciled monthly |
| Pros | Easier to manage turnover and ITC in smaller time frames |
| Cons | Requires work every month, higher time commitment |
2. Quarterly Taxpayer (QRMP Scheme)
| Feature | Details |
|---|---|
| Who Can File | Regular taxpayers with annual turnover ≤ ₹5 Crore |
| Return Filing | GSTR-1: Quarterly (3-month period) GSTR-3B: Monthly payment, return filed quarterly |
| Payment Frequency | Tax liability can be paid monthly (up to ₹1.5 lakh) or lump sum at quarter-end |
| Due Dates | GSTR-1: Last day of the quarter GSTR-3B: Monthly based on Category X/Y states (22nd/24th) |
| Reconciliation | Sales and Purchase records reconciled quarterly |
| Pros | Fewer filings, easier for small businesses |
| Cons | Requires careful tax calculation, ITC offset must be correct |
3. Key Differences at a Glance
| Feature | Monthly Taxpayer | Quarterly Taxpayer (QRMP) |
|---|---|---|
| Turnover Limit | > ₹5 Crore | ≤ ₹5 Crore |
| Return Frequency (GSTR-1) | Monthly | Quarterly |
| Payment Frequency (GSTR-3B) | Monthly | Monthly (QRMP) or Quarterly |
| Compliance Burden | High (file every month) | Low (file quarterly) |
| ITC Reconciliation | Every month | Every quarter |
- If your business is small, benefit from the QRMP scheme.
- For large businesses with consistent turnover, being a monthly filer is better.
19.GST Payment Calendar 2025
Monthly Taxpayers (Monthly Filers)
| Date | Form | Description |
|---|---|---|
| 11 January | GSTR-1 | Details of outward supplies for December 2024 |
| 20 January | GSTR-3B | Tax payment for December 2024 |
| 11 February | GSTR-1 | Details of outward supplies for January 2025 |
| 20 February | GSTR-3B | Tax payment for January 2025 |
| 11 March | GSTR-1 | Details of outward supplies for February 2025 |
| 20 March | GSTR-3B | Tax payment for February 2025 |
| 11 April | GSTR-1 | Details of outward supplies for March 2025 |
| 20 April | GSTR-3B | Tax payment for March 2025 |
| 11 May | GSTR-1 | Details of outward supplies for April 2025 |
| 20 May | GSTR-3B | Tax payment for April 2025 |
| 11 June | GSTR-1 | Details of outward supplies for May 2025 |
| 20 June | GSTR-3B | Tax payment for May 2025 |
| 11 July | GSTR-1 | Details of outward supplies for June 2025 |
| 20 July | GSTR-3B | Tax payment for June 2025 |
| 11 August | GSTR-1 | Details of outward supplies for July 2025 |
| 20 August | GSTR-3B | Tax payment for July 2025 |
| 11 September | GSTR-1 | Details of outward supplies for August 2025 |
| 20 September | GSTR-3B | Tax payment for August 2025 |
| 11 October | GSTR-1 | Details of outward supplies for September 2025 |
| 20 October | GSTR-3B | Tax payment for September 2025 |
| 11 November | GSTR-1 | Details of outward supplies for October 2025 |
| 20 November | GSTR-3B | Tax payment for October 2025 |
| 11 December | GSTR-1 | Details of outward supplies for November 2025 |
| 20 December | GSTR-3B | Tax payment for November 2025 |
Quarterly Taxpayers (QRMP Scheme)
| Date | Form | Description |
|---|---|---|
| 13 January | GSTR-1 | Details of outward supplies for October–December 2024 |
| 22 January | GSTR-3B | Tax payment for October–December 2024 (for Category X States) |
| 24 January | GSTR-3B | Tax payment for October–December 2024 (for Category Y States) |
| 13 April | GSTR-1 | Details of outward supplies for January–March 2025 |
| 22 April | GSTR-3B | Tax payment for January–March 2025 (for Category X States) |
| 24 April | GSTR-3B | Tax payment for January–March 2025 (for Category Y States) |
| 13 July | GSTR-1 | Details of outward supplies for April–June 2025 |
| 22 July | GSTR-3B | Tax payment for April–June 2025 (for Category X States) |
| 24 July | GSTR-3B | Tax payment for April–June 2025 (for Category Y States) |
| 13 October | GSTR-1 | Details of outward supplies for July–September 2025 |
| 22 October | GSTR-3B | Tax payment for July–September 2025 (for Category X States) |
| 24 October | GSTR-3B | Tax payment for July–September 2025 (for Category Y States) |
The payment due dates for GSTR-3B are different for Category X and Category Y States.
For Category X States, the last date for payment is 22 October 2025,
while for Category Y States, the last date for payment is 24 October 2025.
The payment due dates for GSTR-3B differ for Category X and Category Y States.
For Category X States, the last date for payment is 22nd October 2025,
whereas for Category Y States, it is 24th October 2025.
20. Expert Advice / CA Tips
1. Accurate Tax Calculation is Key
- Always reconcile your Sales and Purchase records.
- Match ITC with GSTR-2A / GSTR-2B.
- Any mistakes can lead to Interest and Penalty.
CA Tip: Use accounting software to auto-calculate turnover and ITC, reducing errors.
2. Choose the Right Filing Frequency
- If Annual Turnover ≤ ₹5 Cr, opt for the Quarterly (QRMP) scheme.
- If Turnover > ₹5 Cr, become a Monthly filer.
Expert Advice: Small businesses can benefit from QRMP to reduce compliance burden.
3. Always Pay GST on Time
- Late payment attracts 18% Interest + ₹50/day Penalty.
- Payment due date and return filing date are different.
CA Tip: Set bank reminders or GST portal alerts to avoid missing deadlines.
4. Maintain Proper Records
- Keep all invoices, debit/credit notes, challans, and payment receipts for at least 6 years.
- This helps during audit and scrutiny.
Expert Advice: Keep both hard copy and soft copy, and store data safely in accounting software.
5. Use ITC Carefully
- Claim only eligible ITC.
- Reconcile ITC with supplier’s GSTR-1.
CA Tip: Do not try to claim blocked ITC; it can trigger notices or penalties.
6. Regularly Update on GST Portal
- Keep reading GST portal notifications and circulars.
- Stay informed about new rates, forms, and deadlines.
Expert Advice: - File GSTR-9 / GSTR-9C on time.
- Start preparing for annual audit from the beginning.
7. Payment Mode Tips
- Prefer Net Banking / NEFT / RTGS for speed and accuracy.
- Do not forget to generate the Challan.
- Check daily/transaction limits for credit/debit cards.
CA Tip: Immediately rectify failed transactions; portal updates may take 1–2 days.
8. Audit & Professional Help
- For large businesses (turnover > ₹2 Cr), GSTR-9C is mandatory.
- Reconcile audited accounts with GST returns.
Expert Advice: - Conduct quarterly reviews with a CA/Tax Consultant.
- Fix errors promptly to avoid late fees and notices.
If you found this article helpful, visit Future of AI Tool to explore more AI tools, tips, and the latest technology updates.
