We will start the facility of filing interim return form GSTR
3B by August 5 and any registered entity who has transacted business in July will have to file the return by August 20," Kumar told.
While it is simpler for larger organisations to deploy GST software, the fact remains that they will not be able to get input tax credit till their vendors file GSTR and the invoices match.
The DIY model will enable startup founders to complete registration, GSTR filling, tax payments, and claim refunds online, thereby saving money for all sorts of enterprises irrespective of sector.
For the composition dealers, for the quarter July-September 2017, the last date of filing GSTR 4 Return was December 24, 2017.
On the other hand, for the quarter October-December 2017, the last date for filing GSTR 4 Return was January 18.
Now late fee for all taxpayers who could not file GSTR 3B for the month of July 2017 has been waived, but not the interest on late payment of Tax liability.
GSTR 1 is to be filed by all taxpayers by 5th of September 2017 and GSTR 2 and GSTR 3 to be filed by all taxpayers by 10th and 15th of September 2017 respectively.
This provides taxpayers with a facility to edit invoices/credit notes/ debit notes or shipping bill details submitted previously in GSTR
-1 of July or Table 6A of GSTR
1 for the month of August onwards (submitted by exporters).
For NIL GSTR
3B returns, one click filing has been introduced as no tile will be shown to such taxpayers.
The statement also lists down the prerequisites for sanction of refund of IGST paid, which include filing of GSTR
3 B and table 6A of GSTR
1 on the GSTN portal and Shipping Bill(s) on Customs EDI System by the exporter.
In terms of returns filed, the Ministry said the total number of GSTR
3B returns filed for the return period July, August, September and October (till November 26) is Rs 58.
GSTN presented the timelines of the release of updated specifications of APIs for the new GSTR
forms that are to be applicable from the 01st of July.