LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » India News

No extension for filing GSTR-3B after December: Govt

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Sat, Sep 16, 2017
08:39 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

The government today ruled out any further extension of timeline after December for filing GSTR-3B tax returns by businesses.

GSTR 3B is a simple return form introduced by the CBEC for the month of July and August, following the roll out of the Goods and Services Tax from July 1.

"We have already extended the period for GSTR-3B...

People have to file their own self-assessed summary return till December, and there will not be any extension of time as far as GSTR-3B is concerned," Revenue Secretary Hasmukh Adhia said.

Adhia was speaking to reporters here after the first meeting of the Group of Ministers (GOM) formed to tackle the IT-related glitches in GST network.

He was asked whether the government intends to further extend time for filing returns under GST.

The GST Council had earlier allowed businesses to file GSTR-3B till December.

Adhia said the government had earlier decided to extend the time limit to have a proper learning period due to GSTN portal hiccups.

"It decided to extend the timeline of filing GSTR-1, from September 10 to October 10. The last dates of filing returns for GSTR-2 and GSTR-3 are October 31 and November 10, respectively," he added.

Bihar Deputy Chief Minister Sushil Kumar Modi, who heads the GoM, said it would be only by October 30 that the government would be able to iron out 70-80 per cent of the technical issues being faced by stakeholders in return filing.

To a query, Adhia said the meeting was very fruitful because it led to a better understanding among all stakeholders.

"Any new system will be afflicted with some initial hiccups, but the attempt today was to work around difficulties faced by stakeholders in filing returns on GSTN platform," he said.

Sushil Kumar Modi said only 3.3 lakh people had filed their GSTR-3B in August, while there are 85 lakh dealers registered under the new tax regime.

"Further, even for the previous month of July, only 46 lakh taxpayers have filed their 3B returns so far," Modi said.

India's GSTN is the biggest in the world with minimal human interface, he said, adding that as of now, 22 crore of invoices have been filed which shows the robustness of GST regime.

Modi also said that as many as 23.18 lakh new dealers have been registered, and another 11 lakh dealers were under 'composition scheme'.

GSTN, portal for real-time taxpayer registration, migration, and tax return filing under GST, faced problems, forcing government to extend the last date of filing returns.

Modi appealed to taxpayers not to wait for the last date to file returns.

He said the GoM would meet once every 15 days.

Asked if software major Infosys, the service provider, will be penalised for the glitches the stakeholders are facing, Adhia said the company has not failed and it is "the media presumption".

"There are always initial hicupps and issues, but there haven't been large-scale failures," he said.

Kerala Finance minister Thomas Isaac, Chhattisgarh minister of Commercial Taxes Amar Agrawal, Karnataka Agriculture minister Krishna Byre Gowda and Telangana Finance minister Etela Rajender are other members of the GoM.

Adhia, GSTN Chairman Ajay Bhushan Pandey and GSTN CEO Prakash Kumar also attended today's meeting.

GST was adopted to make it easier for businesses to move goods from one state to another, which was not the case under the earlier central and state tax regimes.

However, GSTN, the system supposed to handle the filing of returns, suffered glitches due to the rush of filing invoices as the deadline approached.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Anil Singhvi decodes correction in stock markets; know importance of today's market closing

Tata Consumer Products share price: Eyeing growth outdoors as Covid fears ease II Sharekhan revises price target to Rs 685

Budget 2021 Markets Want More: In chat with Anil Singhvi, expert Anand Tandon reveals expectations

Increase in nominal GDP reduces the stress on banks': Ashutosh Khajuria, Federal Bank

Rallis India Q3 FY21: First cut Earnings Summary highlights II Details by ICICI Securities

Ind vs Aus: Cannot take anything for granted, never underestimate Indians, says Justin Langer

Sensex zooms 700 points, RIL up 2%

India Cement, CSB Bank, Real Estate Stocks, IRFC IPO to Torrent Pharma - here are top Buzzing Stocks today

Himachal Pradesh Panchayat Samitis, Zila Parishads Elections Results 2021: Check counting date

Shah Rukh Khan, Akshay Kumar, Ranveer Singh, Anil Kapoor to Preity Zinta - Bollywood ecstatic after India logs historic victory over Australia in Brisbane

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved