The deadline for filing GSTR-1 is January 10 and the government has made it clear that it does not intend to extend it any further.
The deadline for filing GSTR-1 is January 10 and the government has made it clear that they do not intend to extend it any further. First of all, the filing of return is mandatory under the GST, even if there is nil return, it should be filed as nil.
GSTR-1 is the record of all sales. Under this form, business files outward supply (sales) of all goods and services. It has two categories: businesses above 1.5 crore turnover and below Rs 1.5 crore turnover. The deadline for filing the GST returns for July-September 2017 for business with turnover upto Rs 1.5 crore is January 10, while for businesses above 1.5 crore turnover, filing the GST return for July-October 2017 is January 10.
The government last time extended the deadline for filing the returns from December 31 to January 10, but this time it has clarified that no further extension will be given. Government’s response came against the backdrop of a fake notification doing rounds on the social media.
Press Release dated 10.01.2018 regarding non-extension of last date for filing return in FORM GSTR-1 pic.twitter.com/DycNH1GhSn
— GST@GoI (@askGST_GoI) January 10, 2018
For now, you don’t need to hurry for GSTR- 3B as its timeline for the filing of initial returns GSTR-3B for all businesses has been extended to March 2018 from December earlier. All taxpayers would file returns in form GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018.
The time period for filing GSTR-2 and GSTR-3 for the months of July 2017 to March 2018 would be worked out by a committee of officers. Until that time the businesses you will have to file only GSTR-1.