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Centre Extends GSTR-1 Filing Date

Centre Extends GSTR-1 Filing Date

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  11 Sep 2018 5:33 AM GMT

NEW DELHI: The government on Monday extended till October 31 the deadline for filing of the Goods and Services Tax Return (GSTR)-1 form for transactions during July 2017 to September 2018. It also announced a one-time waiver of late fees to enable their filing within the new deadline. A Union Finance Ministry release said that the government has taken the decision after noticing that the number of GSTR-3B returns filed were substantially higher than the GSTR-1 forms. “In order to encourage taxpayers to furnish Form GSTR-1, a one-time scheme to waive off late fee payable for delayed furnishing of FORM GSTR-1 for the period from July 2017 to September 2018 till October 31 has been launched,” the statement said. “In this regard, the due date for furnishing Form GSTR-1 for the period from July 2017 to September 2018 has been extended till October 31 for all registered persons having aggregate turnover above Rs 1.5 crore including the registered persons in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry). “For taxpayers having aggregate turnover up to Rs 1.5 crore, the due date for furnishing Form GSTR-1 for the quarters from July 2017 to September 2018 has been extended till October 31,” it added. (IANS)

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