GST Council extends deadline for filing detailed indirect tax returns for July

A panel of the goods and services tax (GST) Council on Monday decided to extend the deadline for filing detailed indirect tax returns for July, giving taxpayers extra time for compliance.

Taxpayers have to file detailed returns for their transactions in three forms namely, GST returns 1, 2 and 3, relating to supplies made, purchases made and a comprehensive one.

Detailed invoice level returns are necessary for businesses to avail of credit for the payment of taxes on various services and raw materials used in their operations. The deadlines for filing a provisional summary tax return for July, called GSTR 3 B and to remit taxes for July month have already passed.
The last day for filing the three returns were 5 September, 10 September and 15 September, respectively. The GST implementation committee also decided to extend the deadline for filing the three returns for the month of August to 5 October, 10 October and 15 October, respectively, the government informed in a tweet.

The original deadlines were 20 September, 25 September and 30 September.

For the month of July, the government has collected Rs 92,283 crore as GST receipts from around 3.9 million tax payers, exceeding the Finance Ministry target of Rs 91,000 crore.
 
 

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