Deadline for filing of GST Returns for July and August extended

Businesses will have more time to file the final GST returns as the government has extended the last date for filing of sales and purchase data as well as payment of taxes for the months of July and August.

Now sales return or GSTR-1 for July will have to be filed by September 10 instead of September 5 earlier and purchase returns or GSTR-2 would be filed by September 25 instead of September 10 earlier.

GSTR-3, which is the match of GSTR-1 and GSTR-2, will have to be filed by September 30, in place of September 15. The GST 

Implementation Committee GIC announced about it yesterday.With regard to August, the date for filing GSTR-1, GSTR-2 and GSTR-3 has been extended to 5th, 10th and 15th October. 

The industry has been demanding an extension of the date of filing final GST returns in view of scores of invoices



to be uploaded. The government will shortly issue notification to extend the date of filing returns.

In the initial returns filed in form GSTR-3B, taxes worth 92,283 crore rupees were collected for July from just 64.42 per cent of the total taxpayer base. 

Of the 59.57 lakh businesses, who should file return for July, as many as 38.38 lakh taxpayers accounting for 64.42 per cent of the total businesses who had registered in July had filed their GST returns.

Through a notification last week, the Central Board of Excise and Customs had waived fee for delayed filing of GSTR-3B and had allowed businesses to correct errors in the initial return form while filing the final returns. It also said that entities who had not filed GSTR-3B can file the final returns in GSTR-1, GSTR-2 and GSTR-3 and pay taxes.