Sunday 20 August 2017

GSTR 3B | Payment and Return Filing | Extension | Press Release issued

This is to update that the Ministry of Finance vide Press Release dated August 19, 2017 has extended the due date for payment of GST for the month of July 2017 to August 25, 2017.  Further, the due date of filing of returns in Form GSTR 3B for taxpayers who do not wish to avail the transitional credit in TRAN-1 has also been extended till August 25, 2017.  For taxpayers, who wish to avail the transitional ITC, the last date for filing the returns in Form GSTR 3B shall continue to be August 28, 2017 as notified earlier.  Further, as regards the payment of taxes in case of taxpayers opting to avail transitional credits, this update suggests to extend the due date for payment of taxes to August 25, 2017 – however no specific mention has been made in the Press Release to this effect.

We have attached herewith a copy of the said Press Release for your reference.  Please note that the formal notification in this regard is yet to be issued by the Government

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