Government extends GSTR-2 & GSTR-3 to Nov 30 and Dec 11
, ET Online|
Updated: Oct 30, 2017, 04.14 PM IST
To facilitate trade, the government has extended the last date for filing GSTR-2 & GSTR-3 for July 2017 to November 30 and December 11, 2017 respectively.
A notification in this regard is being issued shortly - to facilitate about 30.81 lakh taxpayers for filing GSTR-2 for month of July, 2017.
The last date for filing of final sales returns for July in GSTR-1 form was October 10, while the date for uploading of purchase returns in GSTR-2 was kept at October 31. This is now revised to November 30.
The final GSTR-3, matching GSTR-1 and 2, was to be filed by November 10, but is now revised to December 11.
"It is an excellent move to grant a further extension of the return filing timelines, which will enable many more taxpayers to become compliant," says Deloitte India, Partner, MS Mani.
Over the weekend the ministerial panel chaired by Bihar Deputy Chief Minister Sushil Modi had flagged issues faced by taxpayers in filing GSTR-2. Taxpayers were facing difficulties in reconciling different entries and Infosys and GST Network (GSTN) was asked to sort out the issues.
Invoice matching, that happens during the GSTR 2 process, is unique to India and the Group of Ministers on the functioning of GSTN, felt that the focus of the portal should be on this part f return filing.
"We have flagged the issues being faced by businesses in various states. There are problems regarding uploading the returns and matching invoices. This the first time GSTR-2 is being filed and hence there are issues," said Modi had said on Saturday.
"GSTR-2 is more challenging because there will be matching of invoices. As many as 45 crore invoices were uploaded in GSTR-1 which have to be matched," Modi added.
A notification in this regard is being issued shortly - to facilitate about 30.81 lakh taxpayers for filing GSTR-2 for month of July, 2017.
The last date for filing of final sales returns for July in GSTR-1 form was October 10, while the date for uploading of purchase returns in GSTR-2 was kept at October 31. This is now revised to November 30.
The final GSTR-3, matching GSTR-1 and 2, was to be filed by November 10, but is now revised to December 11.
"It is an excellent move to grant a further extension of the return filing timelines, which will enable many more taxpayers to become compliant," says Deloitte India, Partner, MS Mani.
Over the weekend the ministerial panel chaired by Bihar Deputy Chief Minister Sushil Modi had flagged issues faced by taxpayers in filing GSTR-2. Taxpayers were facing difficulties in reconciling different entries and Infosys and GST Network (GSTN) was asked to sort out the issues.
Invoice matching, that happens during the GSTR 2 process, is unique to India and the Group of Ministers on the functioning of GSTN, felt that the focus of the portal should be on this part f return filing.
"We have flagged the issues being faced by businesses in various states. There are problems regarding uploading the returns and matching invoices. This the first time GSTR-2 is being filed and hence there are issues," said Modi had said on Saturday.
"GSTR-2 is more challenging because there will be matching of invoices. As many as 45 crore invoices were uploaded in GSTR-1 which have to be matched," Modi added.
