These Changes shall be effective prospectively from November 15, 2017
Relaxation in GST returns filing
a. GSTR-1
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S. No.
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Period
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Due Dates
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For registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year
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1
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Monthly
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July - October, 2017
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31st December, 2017
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2
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Monthly
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November, 2017
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10th January, 2018
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3
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Monthly
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December, 2017
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10th February, 2018
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4
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Monthly
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January, 2018
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10th March, 2018
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5
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Monthly
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February, 2018
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10th April, 2018
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6
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Monthly
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March, 2018
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10th May, 2018
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The registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year
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1
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Quarterly
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July - September, 2017
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31st December, 2017
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2
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Quarterly
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October - December, 2017
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15th February, 2018
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3
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Quarterly
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January - March, 2018
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30th April, 2018
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b. GSTR 2 and GSTR 3
For the period - July to March 2018
Due dates for filing of GSTR 2 and GSTR 3 dates will be notified late on.
c. GSTR 4 (for Composition dealer)
July to September 2017- 24th day of December, 2017
d. GSTR 6 (for Input Service Distributer)
July 2017 - December 31, 2017
August, 2017, September, 2017 and October, 2017 - the extension of the time limit for furnishing the return for these months shall be subsequently notified.
e. GSTR 3B
All registered person shall file GSTR 3B on or before of 20th of next month - Upto March 31, 2018
Jan - Feb 20, 2018
Feb - March 20, 2018
March - April 20, 2018
f. GST Tran 1
- GST Tran 1 - 27th Dec 2017
- Revised GST Tran 1 - 27th Dec 2017
No GST on advance payment
- Seeks to exempt all taxpayers from payment of tax on advances received in case of supply of goods
Late filing fees - GSTR-3B
- Late Fee credit - Late fees for GSTR-3B of July, Aug and Sept waived. Any late fees paid for these months will be credited back in Electronic Cash Ledger under ‘Tax’ and can be utilized to make GST payments.
- October onward 25 per day and where tax amount payable is nil, it is 10 per day.
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