Let us have a bird’s eye view for the GST return preparation and due dates for the month of July 2017 and August 2017.
There have been widespread concerns over the smooth rollout of GST and there were some glaring concerns from trade and industry. These have led to a decision by the government that for the first two months of the GST implementation, GST would be payable basis a simple return form – Form GSTR-3B. This will contain a summary of outward and inward supplies and you need to submit this before 20th of the succeeding month. However, the due date was extended to 28th of August for the month of July.
Recently, the government had extended the due dates for filing forms GSTR-1, GSTR-2, GSTR-3, GSTR-4, GSTR-6, TRAN-1, ITC-01 and ITC-02 for the month of July. The invoice-wise details in regular GSTRs would have to be filed for the months of July and August 2017 as per the latest timelines given below:
|Month||GSTR 3B||GSTR 1||GSTR 2||GSTR 3||GSTR 4||GSTR 6||TRAN 1||ITC 01||ITC 04|
|July, 2017||28th Aug 2017||10th Oct 2017||15th Nov 2017||15th Nov 2017||30th Nov 2017||30th Nov 2017||30th Nov 2017|
|Aug, 2017||20th Sept 2017||(to be announced)||(to be announced)||(to be announced)||(to be announced)||(to be announced)|
It is pertinent to note for the taxpayers that though the simple form of return (Form 3B) has been prescribed by the Government for the month of July and August 2017, yet the taxpayer is also required to furnish the invoice wise details in GSTR 1, 2 and 3 for the said months on the extended due date as mentioned above. Filing of Form 3B will not conclude the liability of the taxpayer to file invoice wise details in corresponding returns for the month of July and August 2017.
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