Return filing process made easier, claims GST council
The Goods and Services Tax (GST) Council has claimed to have made the return filing process easier.
According to a press release issued by the Council, all taxpayers would file return in FORM GSTR-3B along with payment of tax by 20th of the succeeding (December) month till March, 2018. For filling of GSTR-1 till March 2018 the Council has divided the tax payers into two categories.
The 1st category is the taxpayers with annual aggregate turnover up to Rs 1.5 crores who will have to file GSTR-1 on quarterly basis.
1st Category taxpayers (Annual aggregate turnover up to Rs 1.5 crores)
The 2nd category are the taxpayers with annual aggregate turnover of more than Rs 1.5 crores and need to file GSTR – 1 on monthly basis.
2nd Category taxpayers (Annual aggregate turnover more than Rs 1.5 crores)
A large number of taxpayers where unable to file their returns in FORM GSTR-3B within due date for the months of July, August and September 2017. Late fee will be waived in all such cases and where such fee was paid, the press release stated that it will be re-credited to the account of the taxpayers.