Filing of GST returns given time limit till Mar 31
New Delhi, Nov 10 (IBNS): Filing of GST returns has been given a time limit till Mar 31, the government said on Friday.
"All taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding month till March, 2018," read a government statement.
It said: "Taxpayers with annual aggregate turnover upto Rs. 1.5 crore need to file GSTR-1 on quarterly basis ."
The statement further said Taxpayers with annual aggregate turnover more than Rs. 1.5 crore need to file GSTR-1 on monthly basis.
It said: " The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be worked out by a Committee of Officers. However, filing of GSTR-1 will continue for the entireperiod without requiring filing of GSTR-2 & GSTR-3 for the previous month / period."
The GST Council, in its 23rd meeting held at Guwahati on Friday.
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