 "Taxpayers who haven't yet filed GSTR-1 for July must do so right away: Govt")
Taxpayers who have not yet filed their GSTR-1 for July 2017 are advised to do so immediately, the Ministry of Finance said today.
"No further extension will be given to taxpayers for filing their GSTR-1 return for July 2017 for which last date is tomorrow,10th October, 2017," tweeted @FinMinIndia.
""If a taxpayer does not file GSTR-1 by 10th of October, then his buyer may face difficulty in availing himself of the input tax credit of the tax paid on his supplies. It is therefore advised that all suppliers of goods/services, esp B2B suppliers, furnish their outward supply details in GSTR-1 by due date," Finance Ministry tweeted in a series of tweets.
Once a taxpayer files GSTR-1 by 10th October, the corresponding entries in GSTR-2A of his buyer shall get auto populated, the government confirmed.
The input tax credit shall be availed of by the buyer based on his GSTR-2.
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