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GSTR 3B return deadline extended to August 28 for those claiming transitional tax credit

Entities have to deposit taxes by Aug 20, but they will have extra week till Aug 28 to file returns

Press Trust of India  |  New Delhi 

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The government on Thursday gave some relief to availing of transitional under the goods and services tax (GST) regime by giving them an extra week till August 28 to file tax returns.

Businesses under the set-up have to file their first return, 3B, for July on the portal of Network (GSTN) — the information technology (IT) infrastructure provider for the new indirect tax regime — by August 20. The return filing had commenced on August 5.


The on Thursday offered some relaxation to those businesses that claim transitional These entities will have to deposit taxes on the basis of self-assessment by August 20, but they will have one more week till August 28 to file their returns.

Those that do not claim any transitional will have to necessarily pay tax and file return in Form 3B before the due date of August 20, the ministry said.

It added that concerns have been raised about the form to claim transitional not being available on the website. This form will be available on the website from August 21.

"A small window of opportunity is being given to all the .. The who want to avail of the transitional ... (will) have to make full settlement of the liability after adjusting the transitional before August 20, 2017," it said.

They will get time up to August 28, 2017, to submit Form TRANS I after estimating transitional credit and Form 3B.

"In case of shortfall in the amount already paid vis-a- vis the amount payable on submission of Form 3B, the same will have to be paid with interest of 18 per cent for the period between August 21, 2017, till the payment of such differential amount," the ministry said.

To make compliance easy for businesses, the Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the rollout.

So, the returns for July and August will be filed on the portal by filling the 3B form.

Over 71.30 lakh excise, service tax and value-added tax (VAT) payers have migrated to the portal. Also 15 lakh fresh registrations have happened on the portal.

The final returns for July will have to be filed by these businesses by September 5 instead of August 10. Companies will have to file sale invoice for August with by September 20 instead of September 10earlier.

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