LAST DATE REVISED TO FILE GST RETUNS AND FORMS
The Goods and Services Tax Act,
2017 came into force with effect from 1.7.2017.
The GST Council in its 23rd
meeting held at Guwahi on 10.11.2017 revised the last dates for filing of GST
Returns and GST Forms as shown below:
FORM GSTR-3B return has to be
filed before 20th of the succeeding month upto March 2018
electronically along with proof for payment of tax.
Belated submission of NIL
returns will attract late fee of Rs.20.00 instead of Rs. 200.00 per day.
Submission of returns by
normal taxpayers were divided into two categories such as 1) Taxpayers whose
aggregate turnover below 1.5 Crores and 2) Taxpayers whose aggregate turnover
more than 1.5 Crores per annum and the filing due dates for both categories
were revised as shown below:
Aggregate
Turnover below 1.5 Crores
|
Aggregate
Turnover more than 1.5 Crores
|
||
Period
|
Revised last date
|
Period
|
Revised last date
|
Jul-Sep
|
31.12.2017
|
Jul-Oct
|
31.12.2017
|
Oct-Dec
|
15.02.2018
|
Nov
|
10.01.2018
|
Jan-Mar
|
30.04.2018
|
Dec
|
10.02.2018
|
Jan
|
10.03.2018
|
||
Feb
|
10.04.2018
|
||
Mar
|
10.05.2018
|
||
Filing of GSTR-2 and GSTR-3
for the months of July 2017 to March 2018 will be announced later and the
taxpayers need not worry about filing of GSTR-2 and GSTR-3 till further
announcements.
Late Fee paid on belated
submission of GSTR-3B returns for the months July 2017, August 2017 and
September 2017 will be credited to the taxpayer’s Electronic Cash Ledger under “Tax”
head instead of “Fee”.
Filing of application for
advance ruling manually instead of online electronic filing facility will be introduced.
The last dates for filing of
GST Forms and returns were revised as shown below:
S.No.
|
Form and
Details
|
Original Due
date
|
Revised due
date
|
1
|
GST ITC-04 for the quarter
Jul-Sep 2017
|
25.10.2017
|
31.12.2017
|
2.
|
GSTR-04 for the quarter
Jul-Sep 2017
|
18.10.2017
|
24.12.2017
|
3.
|
GSTR-05 for Jul 2017
|
20.08.2017
or 7 days from
the last date of registration whichever is earlier
|
11.12.2017
|
4.
|
GSTR-5A for Jul 2017
|
20.08.2017
|
15.12.2017
|
5.
|
GSTR-6 for Jul 2017
|
13.08.2017
|
31.12.2017
|
6.
|
TRAN-1
|
30.09.2017
|
30.12.2017
(one time option
of revision to be given before 27.12.2017) |
The revised dates for the
above categories for subsequent tax periods will be made available on later
date.
The relevant press release is
given below for ready reference:
Press Release
10th November, 2017
Recommendations made by the GST Council in the 23rd meeting
at Guwahati on 10th November, 2017
The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017,
has recommended the following facilitative
measures for taxpayers:
Return Filing
a) The return filing process is to
be further simplified in the following manner:
i. All taxpayers would
file return in FORM GSTR-3B along with payment of
tax by 20th
of the succeeding month till March, 2018.
ii. For filing of details in FORM GSTR-1 till March 2018, taxpayers would be divided
into
two categories. Details of these two categories along with the last date of filing
GSTR 1 are as follows:
(a) Taxpayers with annual aggregate turnover upto Rs. 1.5 crore need to file GSTR-1 on quarterly basis as
per
following frequency:
Period
|
Dates
|
Jul- Sep
|
31st Dec 2017
|
Oct- Dec
|
15th Feb 2018
|
Jan- Mar
|
30th April 2018
|
(b) Taxpayers with annual aggregate turnover more than Rs. 1.5 crore need to file
GSTR-1 on monthly basis as
per following frequency:
Period
|
Dates
|
Jul- Oct
|
31st Dec 2017
|
Nov
|
10th Jan
2018
|
Dec
|
10th Feb 2018
|
Jan
|
10th Mar 2018
|
Feb
|
10th Apr 2018
|
Mar
|
10th May 2018
|
iii. The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to
March
2018 would be worked out by
a Committee of Officers. However, filing of GSTR-1 will continue for the
entire period without requiring
filing of GSTR-2 & GSTR-3 for
the previous month / period.
b) A large number of taxpayers were unable to
file their return in FORM GSTR-3B
within due date for the
months of July, August and September, 2017. Late fee was waived in all such
cases. It has been decided that where such late fee was paid, it will be
re-credited to their Electronic
Cash Ledger under
“Tax”
head instead of “Fee” head so as to enable
them to use that amount for discharge of their future tax liabilities. The software changes for this would
be made and thereafter
this decision will be implemented.
c) For subsequent months, i.e. October 2017 onwards, the amount of late fee payable by
a taxpayer whose tax liability for that month was ‘NIL’will be Rs. 20/- per day (Rs. 10/- per day
each under CGST & SGST Acts) instead of Rs. 200/- per day
(Rs. 100/- per day each under
CGST & SGST Acts).
Manual Filing
d) A facility for manual filing of application for advance ruling is being introduced for the time being.
Further benefits for service providers
e) Exports of services to Nepal and Bhutan have already been exempted from GST. It has now
been decided that such exporters will also be eligible for
claiming Input Tax Credit in respect
of goods
or services used for effecting such exempt supply of
services to Nepal and Bhutan.
f) In an earlier meeting of the GST Council, it was decided to exempt those service providers
whose annual aggregate turnover is less than Rs.
20 lakhs (Rs. 10 lakhs in special category states except J & K) from obtaining
registration even if they are making inter-State taxable supplies of services. As a
further measure towards taxpayer
facilitation,
it has been
decided to exempt such suppliers providing
services through an e-commerce platform from obtaining
compulsory registration provided their aggregate turnover does not exceed twenty lakh rupees.
As a result, all service providers, whether supplying
intra-State, inter-State
or through e- commerce operator, will be exempt from obtaining GST registration, provided their aggregate turnover does not exceed Rs.
20 lakhs (Rs. 10 lakhs in special
category States
except J & K).
Extension of dates
g) Taking cognizance of the late availability or unavailability
of some forms on the common
portal, it has been decided that the due dates for furnishing
the following forms shall be extended
as under:
S. No.
|
FORM and Details
|
Original due
date
|
Revised due date
|
1
|
GST ITC-04 for the
quarter
July-September, 2017
|
25.10.2017
|
31.12.2017
|
2
|
GSTR-4
for the quarter July-September, 2017
|
18.10.2017
|
24.12.2017
|
3
|
GSTR-5
for July, 2017
|
20.08.2017
or 7 days from
the
last
date of registration
whichever is earlier
|
11.12.2017
|
4
|
GSTR-5A
for July, 2017
|
20.08.2017
|
15.12.2017
|
5
|
GSTR-6
for July, 2017
|
13.08.2017
|
31.12.2017
|
6
|
TRAN-1
|
30.09.2017
|
31.12.2017
(One-
time option of revision also
to be given till this date)
|
Revised due dates for subsequent
tax periods
will be announced in due course.
Benefits
for Diplomatic Missions/UN organizations
h) In order to lessen the compliance burden on Foreign Diplomatic Missions / UN Organizations, a centralized UIN will be issued to every
Foreign Diplomatic Mission / UN Organization by
the Central Government and all compliance for such agencies will be done by the Central
Government in coordination
with the Ministry of External Affairs.
2. Relevant notifications for all of the above decisions will be issued shorty, so as to be effective from
15.11.2017.
**************