Dead­line for GSTR-2, 3 of July ex­tended to Nov 30

The Hindu Business Line - - NEWS -

Hop­ing to make com­pli­ance eas­ier for busi­nesses un­der the Goods and Ser­vices Tax regime, the gov­ern­ment has ex­tended the dead­line for GSTR-2 and 3 for the month of July.

The Fi­nance Min­istry on Mon­day said that the last date for fil­ing GSTR-2 for July has been shifted to Novem­ber 30 from the ear­lier dead­line of Oc­to­ber 31.

Sim­i­larly, the dead­line for GSTR-3 has been ex­tended to De­cem­ber 11 from the ear­lier last date of Novem­ber 10.

“This will fa­cil­i­tate about 30.81 lakh tax­pay­ers for fil­ing GSTR-2 for the month of July 2017,” it said, adding that a no­ti­fi­ca­tion to this ef­fect will be is­sued soon.

Sig­nif­i­cantly, this is the sec­ond time that an ex­ten­sion has been given to file GST re­turns.

Ear­lier, in Septem­ber, the GST Im­ple­men­ta­tion Com­mit­tee had shifted the dead­line for fil­ing GSTR-1, GSTR-2 and GSTR-3 for July to Septem­ber 10, Septem­ber 25 and Septem­ber 30, 2017, re­spec­tively.

It was then fur­ther ex­tended by the GST Coun­cil when it met on Septem­ber 9 in Hy­der­abad.

The orig­i­nal dead­line for fil­ing the full re­turns for July was Septem­ber 5, Septem­ber 10 and Septem­ber 25.

How­ever, there is still no clar­ity on when the full re­turns for Au­gust will be filed.

Till now, busi­nesses have filed the GSTR-3B which is a sum­mary re­turn form for July, Au­gust and Septem­ber and have been pay­ing taxes ac­cord­ingly.

Many busi­nesses had called for another ex­ten­sion in fil­ing GSTR-2 re­turns due to tech­ni­cal glitches. Fur­ther, the dead­line of Oc­to­ber 31 for the re­turn co­in­cided with that for fil­ing in­come tax re­turns and au­dited re­ports by busi­nesses.

“GSTR-2 is the most im­por­tant re­turn for GST com­pli­ance since avail­abil­ity of in­put tax credit de­pends on it. This re­turn re­quires match­ing and rec­on­cil­ing and au­to­matic re­view, to make sure man­ual ef­fort is min­imised,” noted Ar­chit Gupta, Foud­ner and CEO, ClearTax.

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