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Due date of July and August 2017 GST Returns – Post GST rollout

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August 18, 2017
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Due date of July and August 2017 GST Returns – Post GST rollout

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.

The invoice-wise details in regular GSTRs would have to be filed for the months of July and August, 2017 as per the timelines given below:

Month GSTR 3B GSTR 1 GSTR 2 GSTR 3
July, 2017 20th August 2017 1st to 5th September 2017 6th to 10th September 2017 11th to 15th September 2017
August, 2017 20th September 2017 16th  to 20th September 2017 21st to 25th September 2017 26th to 30th September 2017

 

Department will not levy any penalties in this interim period. This move is intentional and aims at giving taxpayers some time to accustom themselves to the new system. Taxpayers in fact have every reason to welcome this move since this is an effort on government’s part to make sure that everyone participates in the new system and be a part of the GST network for their own benefit.

Importance for Taxpayers:

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.

Latest Update:

The deadline for first GST Return, GSTR- 3B, has been extended to August 28 from its original deadline of August 20. However, one must keep in mind that this is only for taxpayers who opt to use the opening balance of pre-GST credit in the current month. Those who do not wish to claim opening credit in the current month or those who have no credit; the deadline continues to be August 20.

HRBlockIndia
HRBlockIndia
H&R Block India strives to blend tax expertise with a strong focus on continually improving the client experience to provide all its clients with an unparalleled value proposition for filing their Income Tax Online.

14 Comments

  1. Saurabh says:

    Thats dates are return filling dates, when we need to made payment is after return filling or before return filling.

  2. Yogita says:

    which banks are available for GST online Payment

  3. Praveen Goyal says:

    RETURN FORMAT

  4. Praveen Goyal says:

    which banks are available for GST online Payment

  5. Nagesh N Prasad says:

    Which site do we visit for paying our GST, like earlier we used to visit the Service Tax payment portal like EASIEST ST Payment, etc.?

  6. Sunil Paswan says:

    when we have to make payment of GST for the month of july.

  7. ROHIT KUMAR says:

    if we are unable to paid tax before 20th aug how much charges after tax payment due date

  8. deven says:

    Is last date of GST payment for the month of July is 20th Aug ???

    • HRBlockIndia HRBlockIndia says:

      The government has extended the due date for GST till 28th August. This is however only applicable for people who have opted to using opening balance for pre-GST credit in the month of August.

  9. Dilip Nunia says:

    Is it possible to make payment GST for the month of July 17 after 20th August

    • HRBlockIndia HRBlockIndia says:

      The government has extended the due date for GST till 28th August. This is however only applicable for people who have opted to using opening balance for pre-GST credit in the month of August.

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