Relaxation in return filing procedure for first two months of GST implementation Form GSTR 3B

The government recently has received so many representation from various industry and professionals to postponed date of implementation of GST from 1 July to 1 September. So considering many representation government has given extension for filing returns for first two months, with the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry. For the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before 20th of the succeeding month. However, the invoice-wise details in regular GSTR – 1 would have to be filed for the month of July and August, 2017 as per the timelines given below –

           

Month

GSTR – 3B

GSTR - 1

GSTR – 2 (auto populated from GSTR-1)

July, 2017

20th August

1st – 5th September*

6th – 10th September

August, 2017

20th September

16th – 20th September

21st  – 25th September

 

Facility for uploading of outward supplies for July, 2017 will be available from 15th July, 2017.

No late fees and penalty would be levied for the interim period. This is intended to provide a sense of comfort to the taxpayers and give them an elbow room to attune themselves with the requirements of the changed system. This not only underlines the government’s commitment towards ensuring that all the stakeholders are on board but also provides an opportunity to the taxpayers to be ready for this historic reform.

 

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