GST Registration

Last Date for filing Return in Form GSTR-1 is 10th January. Please file at the earliest

You might have received complaint about late fee being applied in case of Sept month 3B. This is not for any delay on filing of Sept month as we have not reached 20th Oct. It is on account of late filing of return for previous period.


The system does entry into ledgers from 3B return on the date on which return is submitted (entries get frozen). The late fee till that date is applied, if date of submission is later than the last date of filing. In case the return is filed later than the date of filing then the late fee for the gap between date of filing and last date of filing return or date of submission (whichever is later) is added in the next month’s return.

In case a taxpayer had submitted last month’s return on 22nd Sept (D1) and filed the return on 26th Sept (D2), then late fee was calculated for 22nd -20th Sept and shown in the payment sheet of Sept Return (2*100*2). . The delay between date of submission (D1) and date of filing (D2) [26th -22nd Sept] amounting to 4*2*100 is to be paid by the taxpayer. The same is now being added in the return and shown to the taxpayer.

Hope this clarifies the position.

A ticker has been put on the portal explaining this. Please disseminate this to taxpayers

Thanks
Team GSTN

Tax Audit filing for AY 2017-18 is extended to Oct 31st, 2017
The CBDT has extended Tax Audit Filing for AY 2017-18 to 31st of October 2017.
“The due-date’ for filing Income Tax Returns and various reports of audit prescribed under the Income-tax Act,1961 has been extended from 30th September, 2017 to 31st October, 2017 for all taxpayers who were liable to file their Income Tax Returns by 30th September, 2017,” Ministry of Finance said.
Earlier CBDT had extended the due date for ITR Filing for non-tax audit cases to 5th August 2017 from 31st July 2017.
This extension was given keeping in view the GST implementation and the busy schedule of the taxpayers/professionals in the initial phase of GST regime. Based on the representations made by the stakeholders to CBDT, the due date for Tax Audit filing for AY 2017-18 (FY 2016-17) is now extended by another one month i.e 31st of October 2017. All assessees applicable for tax audit filing will now has ample of time to file their returns without any last minute rush.

Press Release on Due Date extension of Tax Audit filing for AY 2017-18
CBDT has also extended the due date of PAN-Aadhar linking for ITR Filing. Earlier, this due date was extended to 31st of August 2017 which is now been further extended to 4 more months i.e 31st of December 2017

File Your GSTR 3B for the month of July before 20th August In GST we have provisions for filing returns in Form GSTR-1, GSTR-2 and GSTR-3 for all normal tax payers on a monthly basis. GSTR1 - For Outward Supplies GSTR 2 - For Inward Supplies GSTR 3 -This Form shall be electronically generated on the basis of information furnished through FORM GSTR-1, GSTR-2 and any liability towards tax, interest, penalty, fees or any other amount payable under the Act or rules has to be discharged before submitting this return. Since GST is a new law and tax preparedness is not upto the mark government extended the filing of GSTR1 and GSTR 2 for the month of July and August to September 5th and September 20th respectively. However as per GST Return Rules, whenever govt extends time for filing GSTR1 and GSTR 2 taxpayers are required to file a return in FORM GSTR-3B in such manner as may be notified. Hence govt has notified that this form has to be filed before 20th Aug for the month of July and 20th Sept for the month of August. GSTR 3B is fairly a simple form in which tax payers are required to give a summary of: - Value of outward supplies and tax paid including supplies subject to reverse charge - Input Tax Credit availed, Reversal and Ineligible ITC - Value of exempt, nil rated and non-GST inward supplies - Payment of Tax through ITC available and by cash payment. Questions & Answers 1. I am a dealer who opted composition scheme, do I need to file GSTR 3B? Ans: Composition dealers are not required to file this return as they are required to file only quarterly return in Form GSTR 4 and not GSTR 1&GSTR 2 2. Whether any revision to this return after submission is possible? Ans: No, We cannot make amendments to this GSTR 3B return however you can make amendment through GSTR1 and GSTR 2 for the respective months and you will be required to pay interest on the outstanding liability. 3. Whether am I eligible to take transitional credit available on my stock in hand? Ans: No, transitional credit on stock would not be available since the Form GSTR TRAN-01&02 has not yet notified and GSTR 3B is a simple return in which a summary of inward and outward supplies are given. 4. I haven’t effected any taxable supplies during the month, do I need to file this return? Ans: Yes, Even if you have not made any taxable supplies during the month you are required to file a NIL return. 5. Can I claim refund through this return? Ans: No, You cannot claim any refund through this return 6. If my Input tax is more than my output tax, Can I carry forward this excess credit to next month? Ans: Yes, If Input tax is more than your output tax liability, then balance input tax would be available on your electronic credit ledger which you can set off against you future output tax liability. 7. Since I already filed the return in Form GSTR 3B for the month of July &August, Do I need to file GSTR 1, GSTR 2 and GSTR 3 for the month of July and August? Ans: Yes, you are required file GSTR 1, 2 & 3 for the month of July and August within the due date notified by the government irrespective of the fact that you have filed GSTR 3B because GSTR 3B is an additional compliance to the taxpayer due to the extension of filing dates of Form GSTR 1 and GSTR 2. 8. Do I need to file GSTR 3B in all months? Ans: No, you are required file GSTR 3B only for the month of July and August provided government does not extend the due date for filing GSTR 1 and GSTR 2 in the subsequent months. All the best for your first GST compliance.