Ankita Khetan | Jan 10, 2018 |
There is no extension in due date of GSTR -1
The last date for filing return of outward supplies (for taxpayers whose turnover is more than 1.5 crores) for the month of July,2017 to November,2017 in Form GSTR -1 is 10th January,2018. Due date for GSTR -1 was notified vide notification no. 72/2017 dated 29th December,2017.
The last date for filing return of outward supplies (for taxpayers whose turnover is upto 1.5 crores) for the month of July,2017 to September,2017 in Form GSTR -1 is 10th January,2018. Due date for GSTR -1 was notified vide notification no. 71/2017 dated 29th December,2017.
Class of taxpayer | Return | Due date |
Registered persons* having Aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year | Quarterly Returnin FORM GSTR- 1 for July- September 2017 | 10thJanuary, 2018 |
Registered persons* having Aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year | Monthly Returnsin FORM GSTR-1 for July- November 2017 | 10th January, 2018 |
*Other than composition taxpayers, non-resident taxpayers, input service distributors and taxpayers liable to pay tax under Section 51 & Section 52 of CGST Act.
Important : Taxpayers must also note that delay in filing GSTR -1 would attract a late fees of Rs.200 per day (Rs. 100 towards CGST &Rs. 100 towards SGST each). The waiver and reduction of late fees was only for GSTR -3B and GSTR -4.
There was a fake notification numbered 02/2018 which was circulated on social media and had created a situation of panic amongst the taxpayers. But there was no such notification issued by CBEC.
Later on, Official twitter handleGST@GOI tweeted to clarify the doubts as to the notification (numbered notification o. 2/2018 -central tax) which was being circulated was fake notification and no extension for filing GSTR-1.
Download the press release issued by Ministry of Finance on 10th January,2018 at 06:44 p.m.
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