Deadline for filing GST returns extended to Oct 25

The finance ministry on Sunday extended the deadline for filing summary sales return GSTR-3B for September by five days to October 25. With this extension, businesses that wish to claim input tax credit (ITC) benefit for the July 2017March 2018 period can do so till October 25.The Central Board of Indirect Taxes and Customs said trade and industry had expressed apprehensions on the October 20 due date for claiming ITC under GST for July 2017-March 2018.

The Finance Ministry on Sunday extended the deadline for filing summary sales return GSTR-3B for the month of September by five days to October 25.

With this extension, businesses which wish to claim Input Tax Credit (ITC) benefit for July 2017-March 2018 period can do so till October 25.

The Central Board of Indirect Taxes and Customs (CBIC), under the Finance Ministry, said trade and industry had expressed apprehension relating to October 20 due date for claiming ITC under GST for July 2017March 2018.

“With a view to give some more time for the same, the last date for furnishing GSTR-3B for the month of September, 2018 is being extended up to October 25, 2018,” the CBIC tweeted.

The GSTR-3B of a particular month has to be filed by the 20th day of the subsequent month. The deadline for September return filing was October 20. Businesses had expressed concern about the October 20 deadline, saying there would be trouble in reconciling their sales returns with the purchase returns filed by their suppliers.