sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
GST - Goods and Services Tax »
 Frequent changes in GST may muddle the tax system
 Financial services firms fear GST may hit returns
 GoM expected to finalise views on reverse charge under GST, to meet on July 8
 Sales recover but retailers seek ease of tax filing One year of GST
 One year of GST: 5 changes which common man would like to see in GST
 Single tax return form under GST may come in by December
 10 Things That Shaped The New Tax
 Income tax June 27 GST turnover mandatory to file I-T return
 GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 months
 GST provisions on TDS/TCS, reverse charge mechanism deferred by 3 months
 Simple rules for a complex world: GST compliance

Government asks taxpayers to file final July GST returns
October, 10th 2017

The government today asked businesses to file final GST returns for the month of July by tomorrow as it ruled out any extension to the due date.

"An extension of two months has already been given. There will be no further extension given to taxpayers for filing their GSTR-1 return for July.

"Taxpayers who have not yet filed their GSTR-1 for July are advised to do so immediately," the finance ministry said in a statement.

Once a taxpayer files GSTR-1 by October 10, the corresponding entries in GSTR-2A of his buyer shall get auto-populated.

The buyer shall finalise his GSTR-2 after making modifications, if required, in GSTR-2A and avail the Input Tax Credit (ITC).

"If a taxpayer does not file GSTR-1 by October 10, then his buyer may face difficulty in availing ITC of the tax paid on his supplies," it said.

The ministry said all suppliers of goods or services, especially B2B suppliers, furnish their outward supply details in GSTR-1 by the due date so that no difficulty is faced by their buyers in availing ITC.

As per the latest figure, about 53 lakh taxpayer had filed GSTR-3B return for the month of July 2017. An equal number of taxpayers needs to file GSTR-1 by October 10, 2017.

The government has already collected over Rs 95,000 crore as GST in July, the first month of roll out of the Goods and Services Tax.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions