AUBSP»Indirect Tax»Goods and Services Tax (GST)»Taxpayers»GSTR-1 Revised due date is 10-Oct-17 for July GST Tax Period

GSTR-1 Revised due date is 10-Oct-17 for July GST Tax Period

CBEC Extends Time Limit for Furnishing GST Details or filing GST Returns (GSTR-1, GSTR-2 and GSTR-3) for the month of July and August 2017.

The Central Board of Excise and Customs (CBEC) as further extended the last date for filing of sales and purchase data as well as payment of taxes for the months of July 2017 and August 2017. Thus, you may now file your GSTR-1, GSTR-2 and GSTR-3 for the month of July and August 2017 within extended time period.

The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has approved the revised schedule for filing GST returns by taxpayers for the month of July 2017 and August 2017 tax period.

Therefore, you may now file your GSTR-1 for the month of July 2017 upto 10th October, 2017. However, registered persons with aggregate turnover of more than ₹100 crores, shall file their GSTR-1 within extended due date i.e. 3rd October 2017.

GSTR-2 for the month of July 2017 shall be filed within 31-Oct-2017 and GSTR-3 for the month of July 2017 shall be filed upto 10-Nov-2017.

Note that due date for filing GSTR-4 has not been extended that means you have to file your GSTR-4 for July-September, 2017 within 18-Oct-2017.

A registered taxpayer, whether migrated from the earlier regime or a new regsitration, can opt for the composition scheme till 30-Sept-2017 and and such registered person shall be permitted to avail the benefit of composition scheme with effect from 1-Oct-2017.

Due dates for filing of the GSTR-1, GSTR-2, GSTR-3, GSTR-4 and GSTR-6 for subsequent periods shall be notified at a later date by GST Council.

Recommended: E-Book on GST Law September 2017 edition.

CBEC extended GST Retun Filing Last Date

Following table will show you the revised extended last date for filing your GST return under GST Law:

  1. Last date for filing GSTR-1 for the Month of July, 2017  is 10th October 2017. 
  2. Last date for filing GSTR-2 for the Month of July, 2017  is 31st October 2017. 
  3. Last date for filing GSTR-3 for the Month of July, 2017  is 10th November 2017. 
  4. Last date for filing GSTR-4 for the Month of July-September, 2017  is 18th October 2017. 
  5. Last date for filing GSTR-6 for the Month of July, 2017  is 13th October 2017. 

Explanation: The expression “turnover” has the same meaning as assigned to it in clause (112) of section 2 of the CGST Act, 2017.

GSTR-3B will continue to be filed for the months of August to December, 2017. But, the due date for submission of FORM GST TRAN-1 has been extended by one month i.e. 31st October, 2017.

GST Council has decided to allow an exemption from registration to persons making inter-State taxable supplies of handicraft goods upto aggregate turnover of ₹20 lacs as long as the person has a Permanent Account Number (PAN) and the goods move under the cover of an e-way bill, irrespective of the value of the consignment.

GST Council has further decided to exempt those job workers from obtaining registration who are making inter-State taxable supply of job work service to a registered person as long as the goods move under the cover of an e-way bill, irrespective of the value of the consignment. This exemption will not be available to job work in relation to jewellery, goldsmiths’ and silversmiths’ wares as covered under Chapter 71 which do not require e-way bill.

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