The GST Implementation Committee, consisting of State and Central Government officers, has taken a decision to extend the last date for payment of the GST for the month of July 2017 to 25th August, 2017.
Earlier the last date for [payment of taxes] and [filing of GST Return in Form 3B] for the month of July was kept as 20th of August 2017. Since it is the first Return to be filed under GST, the tax payers and the tax practitioners have requested for few more days to file their Return. Also there have been requests from States which are hit with floods to extend the last date for filing of GST Returns. The State of Jammu & Kashmir has also requested for extension of time because of late passing of their GST Ordinance. Some technical glitches are also experienced by last minute return filers.
It has been specified that for those tax payers, who do not want to avail of transitional credit in TRANS1 this month, the date for return filing will be 25th August 2017. And for those who want to fill up TRANS1 this month, the last date for filing of returns will be 28th August 2017, as announced earlier. In order not to face any last moment technological difficulty in submission of return, all tax payers are requested to kindly file their return well before 25th / 28th of August 2017 and not wait for the last date. Suitable notification is being issued shortly.
If you have tried to login at GST official website then you may have find this message every time.
Now department has extended the due date by five days , but the question is here why they are torturing the assessee and professionals by creating a system which has failed in his first test itself .
The point to be noted here that GSTR-3B is just of Few columns but when GSTR-1 will due ,what will happen that time ?
We can take guarantee that system will be a disaster and crashed once again as data value in GSTR-1 is 200 times more than GSTR-3B, if no urgent improvement plans are made till then.
Now the possible three date and situations for filing of GSTR 3B has been explained as under.
Class of registered persons
Last date for furnishing of return in Form GSTR-3B
Registered persons entitled to avail input tax credit (“ITC”) in terms of section 140 of the CGST Act, 2017 readwith Rule 117 of the CGST Rules, 2017 but opting not to file Form GST TRAN-1 on or before the August 28, 2017
August 25, 2017
Registered persons entitled to avail ITC in terms of section 140 of the CGST Act, 2017 readwith Rule 117 of the CGST Rules, 2017 and opting to file Form GST TRAN-1 on or before the August 28,2017
August 28, 2017
(i) Compute the “tax payable” for the month of July, 2017 and deposit the same in cash onor before the August 20, 2017, which will get credited to electronic cash ledger;
(ii) File Form GST TRAN-1 (which will be available on the common portal from August 21, 2017) before the filing of Form GSTR-3B;
(iii) Where the amount of tax payable for the month of July, 2017, as detailed in the return furnished in Form GSTR-3B, exceeds the amount of tax deposited in cash as per item (i), the registered person shall pay such excess amount in cash on or before August 28, 2017 along with the applicable interest @18% calculated from the 26th day of August, 2017 till the date of such deposit. This amount will also get credited to electronic cash ledger.
(iv) File the return in Form GSTR-3B on or before August 28, 2017 after discharging the tax liability by debiting the electronic credit or cash ledger.
Any other registered person
August 25, 2017