GST Return Filing Procedure Relaxed For First Two Months

With the objective of ensuring smooth rollout of GST and taking into account concerns expressed by the trade industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, tax would be payable based on a simple return (Form GSTR-3B) containing summary of outward and inward supplies which will be submitted before the 20^th of the succeeding month.

However, the invoice-wise details in regular GSTR – 1 would have to be filed for July and August, 2017, as per the timelines given below:

* Facility for uploading of outward supplies for July 2017, will be available from 15^th July, 2017.

No late fees and penalty would be levied for the interim period. This is intended to provide a sense of comfort to the taxpayers and give them an elbow room to attune themselves with the requirements of the changed system.