GST Taxpayers can now file GSTR-3B Returns in a Staggered Manner.
What is GSTR 3B?
GSTR-3B is a monthly self-declaration that has to be filed by a registered dealer. It is a simplified summary return of inward and outward supplies and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner.
Who should file Form GSTR 3B?
Every person who has registered for GST must file the GSTR 3B returns.
Changes in the Due date for filing of Form GSTR 3
Traders and Industrialists faced a lot of difficulties till now in filing the form GSTR 3B. Not only that but due to one filing date of GSTR 3B for all the taxpayers, the IT systems faced pressure during the filing date that was the 20th of every month.
Considering the difficulties and concerns expressed by the taxpayers regarding the same, The Finance Ministry on 22nd January 2020 said that now GST taxpayers can file their GSTR-3B returns in a staggered manner.
While till now the last date of filing GSTR-3B returns for every taxpayer was 20th of every month, As per the new schedule, all businesses with 5 crore or more sales will continue to file returns related to supplies by 20th day of every month while those with lesser sales will get time till the 22nd or the 24th day of the month depending on which state they are from.

Comments
Post a Comment
Post your view here