GST Filing Dates Extended For July & August
A decent news for every one including the dealers and businessmen as the Govt has extended the date of GST return filing on Monday. The notice came as an appreciated notice as the last date for filing of sales and purchase has been extended for the periods of July and August.
Rather than 5 September now the business return or GSTR-1 should be documented by 10 September. The Govt has additionally permitted the buy returns or GSTR-2 to be documented by 25th September rather than 10 September or earlier. Finally, the match of GSTR-1 and GSTR-2 which is GSTR3, should be recorded by 30 September, set up in place of 15 September.
The new dates for GSTR-1, GSTR-2, and GSTR-3 have been stretched out to 5 October, 10 October, and 15 October from the prior dates of twentieth September, 25 September and 30 September, separately.
A big number of the businesses have now requested an extension for the date of definite documenting of GST returns and the government is going to shortly issue notice of the extended date of recording returns.
Amid the underlying returns documented in form GSTR-3B, the expenses gathered was worth Rs92,283 crore which says an accumulation of around 64.42% for the period of July.Out of total tax payer, just 38.38 lakh citizens who had registered in July had recorded their GST returns.
Prior in the period of August with the assistance of notification the central board of excise and customs had waived the fee for delayed filing of GSTR-3B and had enabled organizations to redress blunders in the initial return form while documenting the last returns. The majority of the entities who had not recorded GSTR-3B would now be able to document the last returns in GSTR-1, GSTR-2, and GSTR-3 and pay charges.