Page 4 - Gst Returns

Govt seeks explanation for transition credit; only 690K GST returns filed

Significant refunds claimed by entities for their pre-GST stock has left the government startled

Over 3.6 mn businesses file GST returns so far

The revenue department had estimated collection of around Rs 65,000 cr from maiden GST

More than 2.9 million file GST returns

GSTN hopes overall filings to be around 3.8 mn

Deadline for GST returns ends today; over 2.9 mn filings received so far

Up to 2 million businesses expected to file tax returns by the end of Friday

Over 1.9 million file GST returns

GSTN hopes number will double by deadline

Govt extends GST return filing date to August 25

For taxpayers who have to claim credit by filing form TRANS 1, last date for returns will be Aug 28

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