Govt notifies timeline for filing of tax returns under GST

In June, the GST Council and comprising state counterparts had allowed businesses extended timeline for filing final GST returns.

Under the Goods and Services Tax (GST) regime, the government has notified the timeline for furnishing final tax returns for the month of July and August.
 
In June, the GST Council and comprising state counterparts had allowed businesses extended timeline for filing final GST returns in forms GSTR-1, GSTR-2 and GSTR-3 for July and August.
 
GST, which has subsumed over 17 different levies, has kicked in from July 1. The GST Council was chaired by Finance Minister Arun Jaitley.
 
Businesses have to file GSTR-3B which is a summary of self-assessed tax liabilities with consolidated details of outward supplies and input credit.
 
The Central Board of Excise and Customs (CBEC) has now notified the dates for filing the GST returns forms. 
 
According to the notification, outward supplies in Form GSTR-1 for the month of July will have to be filed between September 1 and 5. For the month of August, it is to be filed between September 16 and 20. The original date for filing GSTR-1 was 10th of the next month.
 
Details of inward supplies in Form GSTR-2 for July will have to be filed between September 6-10. For August, the date is September 21-25. The original date for filing of GSTR-2 was 15th of the next month.
 
(Source: Agency) 

Event date: 
Thursday, August 10, 2017

Add new comment