Deadline for filing September GST returns extends to October 25

New Delhi, October 22: Reliving news for taxpayers is that the Finance Ministry has extended the due date for filing of summary sales return GSTR-3B for the month of September by five days to 25th of this month.

 

With this extension, businesses which want to claim Input Tax Credit (ITC) benefit for July 2017 to March 2018 period can do so till the extended period.

The Finance Ministry in a statement said, the decision was taken in view of the apprehension expressed by the trade and industry relating to earlier due date of 20th October for claiming ITC Under GST for July 2017-March 2018.

Businesses had expressed concern about the 20 October deadline, saying there would be trouble in reconciling their sales returns with the purchase returns filed by their suppliers.

Since the ITC is availed on the basis of summary sales return or GSTR-3B filed. the deadline for ITC claims and GSTR-3B have been kept same.

"The ministry further said that for those taxpayers who have been recently migrated from erstwhile tax regime to GST regime, the last date for availing ITC for the period July 2017 to March 2018, is 31 December 2018 or the date of filing of annual return whichever is earlier," the statement added.