CBEC Announces Relaxation in GST Return Filing Due Date for July-Aug. 2017

CBEC Announces Relaxation in Due Date for filing of GST Return in first two months (i.e. July and Aug. 2017) post GST implementation/ Rollout

In view of the concerns of stakeholders about GST rollout on 1 July 2017, CBEC has announced relaxation in due dates for filing of GST Returns in the initial two months, i.e. July 2017 and August 2017. During the said period, tax would be payable based on a simple return (Form GSTR-3B)  to be submitted before 20th of the succeeding month. However, the invoice-wise details in regular GSTR-1 can be filed later, as announced here-under:

Relaxation in Due Date for GST Return (July-Aug. 2017): CBEC Press Release dt. 18 June 2017

With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before 20th of the succeeding month. However, the invoice-wise details in regular GSTR – 1 would have to be filed for the month of July and August, 2017 as per the timelines given below –

MonthGSTR 3BGSTR 1GSTR 2 (Auto Populated from GSTR 1)
July 201720 Aug. 20171 Sept. to 5 Sept. 2017 *6 Sept. to 10 Sept. 2017
August 201720 Sept. 201716 Sept. to 20 Sept. 201721 Sept. to 25 Sept. 2017

* Facility for uploading of outward supplies for July, 2017 will be available from 15 July, 2017.

No late fees and penalty would be levied for the interim period. This is intended to provide a sense of comfort to the taxpayers and give them an elbow room to attune themselves with the requirements of the changed system. This not only underlines the government’s commitment towards ensuring that all the stakeholders are on board but also provides an opportunity to the taxpayers to be ready for this historic reform.

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