CA NeWs Beta*: GSTR-1 late free deadline extended by another 7 days; check new date

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Friday, January 10, 2020

GSTR-1 late free deadline extended by another 7 days; check new date

In December 2019, the GST Council Council extended the deadline for filing Form GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY18 to January 31, 2020.
The government on Friday extended the deadline to avail waiver of fee chargeable on GSTR-1 from July 2017 to November 2019 from January 10 to January 17. In December 2019, the GST Council
Council extended the deadline for filing Form GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY18 to January 31, 2020 as against December 31, 2019 earlier.

“The response to this waiver has been very encouraging and since announcement on 18.12.2019, 54 lakhs GSTR-1 have gotten filed till 09.01.2020. On average, only about 25 lakh monthly GSTR1s get filed,” Finance Ministry tweeted. “In the view of such huge response, which would lead reduction in unmatched credit, it has been decided to extend the said amnesty scheme from 10th January 2020 to 17th January 2020,” it also said.

In November 2019, the due date for filing the annual return (GSTR-9) and reconciliation statement or audit report (GSTR-9C) was extended to December 31, 2019 as against November 30, 2019 earlier. The forms were also simplified forms so that the GST taxpayers could file their returns on time.

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