As we all know that GST has been rolled out w.e.f. July 1st 2017 and first return for the month of july 17 is due in august but a GST is new to us both the user and authorities so there are lots of difficulties faced by the user first during the registration and later on in billing etc. So to ease out the hardships caused due in the transition phase, the CBEC has provided the relaxation vide Notification No. 18/2017, 19/2017, 20/2017 & 21/2017- Central Tax dated 8th August, 2017 in filing GST returns for the initial two months (viz. July’17 & August’17) post GST implementation. Resultant, the tax payable would be paid based on the form GSTR-3B to be filed by the 20th of the succeeding month. However, the invoice wise details to be furnished as per the rules in GSTR-1 & GSTR-2 can be filed later as scheduled below:
| Return Form | What to File | By Whom & When | for July' 17 | for August'17 | ||||
| GSTR-1 | Details of Outward Supplies of Taxable goods and/or services effected in layman language known as Sales Return | Registered Taxable Supplier, 10th of Next Month | Can be filed by 5th September,17 | Can be filed by 20th September '17 | ||||
| GSTR-2 | Details of Inward supplie of Table goods and /or services effected claiming input tax credit in layman language known as Purchase Return | Registered Taxable Recipient, 15th of the Next Month | Can be filed by 10th September,17 | Can be filed by 25th September '17 | ||||
| GSTR-3 | Monthly return on the basis of finalization of details of outward supplies and inward supplies along with payment of amount of Tax | Registerd Taxable Person, 20th of Next Month | Can be filed by 15th September,17 | Can be filed by 30th September '17 | ||||
| GSTR-3B | Summary Monthly Return only for July and August,2017 | Registerd Taxable Person | (i). By 25th August'17 if transitional credit not taken (ii). By 28th August'17 if transitional credit is taken | Can be filed by 20th September '17 |
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