GSTR-1 Due Date Extended upto 31 Oct. 2018 (July 2017 to Sept. 2018)
Govt. has launched ‘one time late fee waiver scheme’ for delayed filing of GSTR-1 for the period July 2017 to Sept. 2018 for certain Taxpayers. Now they can file GSTR-1 upto 31 Oct. 2018 without late fee.
In many cases Taxpayers have filed FORM GSTR-3B but have failed to submit GSTR-1, which is liable to late fee and penalty as per the provisions of the GST laws. In order to encourage the Taxpayers to timely furnish FORM GSTR-1, a one-time scheme has been launched by the Govt. to waive off late fee payable for delayed furnishing of FORM GSTR-1 for the period from July, 2017 to September, 2018. Now delayed GSTR-1 for the said period can be filed upto 31 Oct. 2018.
In other words, the due date for furnishing FORM GSTR-1 for the period from July, 2017 to September, 2018 has been extended till 31st October, 2018 for all registered persons having aggregate turnover above/ upto Rs 1.5 crores. However, for registered persons having aggregate turnover up to Rs 1.5 crores in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry), the due date for furnishing FORM GSTR-1 for the quarter July, 2018 to September, 2018 would continue to remain as 15th November, 2018 as notified vide notification No. 38/2018-Central Tax dated 24th August, 2018.
Further, for those taxpayers who will now be migrating to GST as per the procedure specified in notification No. 31/2018-Central Tax, dated 06.08.2018, the last date for furnishing the details of outward supplies of goods or services or both in FORM GSTR-1 and for filing the return in FORM GSTR-3B for the months of July, 2017 to November, 2018 has been extended till 31.12.2018. Notification Nos. 45, 46 and 47/2018 – Central Tax dated 10th September, 2018 have thus been issued for extension of dates for filing FORM GSTR-3B.
It is hereby clarified that as per the provisions of section 16(4) of the Central Goods and Services Tax Act, 2017, the registered person shall not be entitled to take input tax credit in respect of any invoice after the due date of furnishing of the return for the month of September following the end of financial year to which such invoice pertains; or furnishing of the relevant annual return, whichever is earlier. The taxpayers are thus, advised to furnish their returns on time to ensure that input tax credit does not become time barred.