No fur­ther ex­ten­sion in fil­ing re­turns un­der GST

DEAD­LINE: GST Coun­cil has al­lowed busi­nesses to file GSTR-3B till Dec

Oman Daily Observer - - FRONT PAGE -

BENGALURU: The govern­ment on Saturday ruled out fur­ther ex­ten­sion in fil­ing of re­turns un­der the Goods and Ser­vices Tax (GST) regime af­ter De­cem­ber and ad­vised tax­pay­ers to file them in ad­vance and not wait for the last day

“We have kept long dead­lines for GST fil­ing. For at least six months, the tax­pay­ers have to file their own as­sess­ment. There will be no ex­ten­sion later,” Union Rev­enue Sec­re­tary Has­mukh Ad­hia told re­porters here af­ter the first meet­ing of the Group of Min­is­ters (GoM) that was formed to tackle the IT-re­lated glitches in the GST Net­work (GSTN).

The GST Coun­cil has al­lowed busi­nesses to file GSTR-3B, which is a self­assess­ment of their sale and pur­chases, till De­cem­ber.

“Ini­tial hic­cups are there but no mass scale fail­ure. Ini­tial is­sues need to be sorted out. We have de­cided a plan of ac­tion. The at­tempt was to work around the dif­fi­cul­ties to elim­i­nate prob­lems, lead­ing to bet­ter un­der­stand­ing of all stake­hold­ers,” he added.

As de­cided in the last GST Coun­cil meet­ing on Septem­ber 9 in Hy­der­abad, re­turns for July have to be filed by Oc­to­ber 10 un­der GSTR1, by Oc­to­ber 31 un­der GSTR2 and by Novem­ber 10 un­der GSTR3.

“The dead­line for fil­ing of re­turns un­der GSTR3B, which is a self-as­sess­ment of sum­mary re­turns will be the 20th of the next month. We have al­ready ex­tended the pe­riod for GSTR3B by six months. Peo­ple have to file the re­turns by then (six months). There is not go­ing to be any ex­ten­sion of time for GSTR3B,” said Ad­hia.

Bi­har Deputy Chief Min­is­ter Sushil Ku­mar Modi, who heads the GoM as its con­vener, said though 47 lakh traders/ deal­ers have filed re­turns un­der GSTR3B for July, the num­ber for Au­gust was only 3.05 lakh till date.

“As there are only four days left for fil­ing the re­turns un­der 3B for Au­gust, I ap­peal to all the reg­is­tered tax­pay­ers to file their sum­mary re­turns un­der 3B at the ear­li­est and not wait till the last date (Septem­ber 20),” he said.

As­sur­ing the tax­pay­ers that the govern­ment would be able to iron out 7080 per cent of the tech­ni­cal is­sues be­ing faced in fil­ing re­turns by Oc­to­ber 30, Modi said the peo­ple should not wait for the last day.

“The gen­eral ten­dency is that peo­ple wait for the last day re­sult­ing in heavy rush. There is heavy rust to file re­turns in the last 3-4 days be­fore A the dead­line,” he added.

IT ser­vices firm In­fosys is tak­ing care of the IT in­fra­struc­ture. for GSTN as its sole ven­dor.

Union Fi­nance Min­is­ter Arun Jait­ley, who heads the GST Coun­cil, had set up the five-mem­ber GoM on Septem­ber 12 to study and re­solve the IT chal­lenges faced in the im­ple­men­ta­tion of GST af­ter many mem­ber states com­plained to him last week that the glitches were caus­ing prob­lems for tax­pay­ers in fil­ing re­turns.

Be­sides Modi, other GoM mem­bers are Chat­tis­garh Min­is­ter for Com­mer­cial Taxes Amar Agar­wal, Kar­nataka Agri­cul­ture Min­is­ter Kr­ishna Byre­gowda, Ker­ala Fi­nance Min­is­ter T M Thomas Is­sac and Te­len­gana Fi­nance Min­is­ter Etela Ra­jen­dar.

GSTN Chair­man Ajay Bhushan Pandey and GSTN CEO Prakash Ku­mar as­sist the GoM in ad­dress­ing the glitches.

Modi also said a day-long meet­ing of tax of­fi­cers of state gov­ern­ments was held on Friday with the GST Net­work (GSTN), stake­hold­ers, bankers, tax ex­perts, big cor­po­rates and In­fosys re­gard­ing the glitches faced in fil­ing re­turns.

The GoM meet­ing will be held every 15 days, mostly in Bengaluru, with the next meet­ing sched­uled in the first week of Oc­to­ber.

— Reuters

A man dec­o­rates an earthen pitcher typ­i­cally used dur­ing Garba, a folk dance, in­side a work­shop ahead of Navra­tri, a fes­ti­val dur­ing which devo­tees wor­ship the Hindu god­dess Durga, in Ahmed­abad, on Saturday.

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