No More Extensions for GST

by Business | 17-09-2017 | 928 views

Bengaluru: The government on Saturday advised tax payers to file their returns under the Goods and Services Tax (GST) in advance and not wait for the last day as further extension to the date will not be made. Union Revenue Secretary Hasmukh Adhia said “We have kept long deadlines for GST filing. For at least six months, the taxpayers have to file their own assessment. There will be no extension later”. As decided in the last GST Council meeting on September 9 in Hyderabad, returns for July have to be filed by October 10 under GSTR1, by October 31 under GSTR2 and by November 10 under GSTR3. “The deadline for filing of returns under GSTR3B, which is a self-assessment of summary returns will be the 20th of the next month” added Adhia .Union Finance Minister Arun Jaitley, who heads the GST Council, had set up the five-member GoM on September 12 to study and resolve the IT challenges faced in the implementation of GST after many member states complained to him last week that the glitches were causing problems for taxpayers in filing returns.

Lets socialize : Share via Whatsapp