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Govt extends deadline for GST returns

NEW DELHI, Dec 29:
The Government today extended by 10 days the last date for filing of final sales return GSTR-1 till January 10 under the Goods and Services Tax.
Businesses with a turnover of up to Rs 1.5 crore will have to file GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 earlier, as per a Government notification.
For businesses with a turnover of more than Rs 1.5 crore, GSTR-1 has to be filed for July-October period by January 10.
Earlier these businesses were required to file GSTR-1 return for July-October by December 31. The same for the month of November is to be filed by January 10.
For the month of December, for businesses above Rs 1.5 crore, GSTR-1 is to be filed by February 10 and for subsequent months, it would be tenth day of the succeeding month.
The GST Council had in November allowed businesses with a turnover of up to Rs 1.5 crore to file final returns GSTR-1 quarterly.
Businesses with a turnover of up to Rs 1.5 crore will have to file returns by February 15 for October-December and that for January-March by April 30. (PTI)

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