GST Return Filing
GSTN Portal Problems Lead to
Extension of Last Date for GSTR1 and GSTR 3B and Other GST Returns
·
Monthly
taxpayers to file GSTR-3B returns has been pushed to 22 January 2025, while
QRMP taxpayers now have until 24 or 26 January instead of the previous 22 or 24
January deadline.
· Goods and Services Tax Network (GSTN) has acknowledged the technical issues on the GST portal and is currently undergoing maintenance.
· Delays in submitting GSTR-1 returns can have a domino effect on businesses. Failure to promptly file this information can impede the generation of GSTR-2B, preventing buyers from claiming their Input Tax Credit (ITC) and potentially forcing them to pay their GST liabilities in cash.
Monthly
taxpayers now have time until 13 January 2025 to file their GSTR-1 returns,
while QRMP taxpayers have until 15 January to do so.
The Central Board
of Indirect Taxes and Customs (CBIC) has announced an extension in the deadlines
for filing GSTR-1 and GSTR-3B returns due to technical glitches affecting the GST
portal. Monthly taxpayers now have until 13 January 2025 to file their GSTR-1 returns,
while QRMP taxpayers have until 15 January to do so.
Additionally, the
deadline for monthly taxpayers to file GSTR-3B returns has
been pushed to 22 January 2025, while QRMP taxpayers now have until 24 or 26 January
instead of the previous 22 or 24 January deadline.
"In order to
benefit taxpayers, who could not file their returns in time due to technical glitches,
the time limit for filing of FORM GSTR-1 of the tax period December 2024, has been
extended till 13.01.2025. Further, the time limit for filing of FORM GSTR-1 of the
tax period October 2024 to December 2024, for the taxpayers who have opted to pay
tax under QRMP Scheme, has been extended till 15.01.2025," CBIC said.
Earlier in the day,
the Goods and Services Tax Network (GSTN) has acknowledged
the technical issues on the GST portal and is currently undergoing maintenance.
It is expected to be back in operation by 12 PM on January 10, 2025. An incident
report has been sent to CBIC for consideration of a filing date extension.
GSTN said on X:
“The GST portal is currently experiencing technical issues and is under maintenance.
We expect the portal to be operational by 12:00 noon. CBIC is being sent an incident
report to consider extension in filing date. Thank you for your understanding and
patience!”
GSTN said on the
portal: "Scheduled Downtime! GSTN are enhancing the services on the site. The
services will not be available from 10th Jan’25 12:00 AM to 10th Jan’25 03:00 PM."
GSTR-1 return
As per the GST website,
Form GSTR-1 is a statement that needs to be submitted on a monthly/quarterly basis
by all normal and casual registered taxpayers who are making outward supplies of
goods and services. This form includes information about the supplies made.
All registered taxable
persons, excluding input service distributors, composition taxpayers, those liable
to deduct tax under section 51, and those liable to collect tax under section 52,
must electronically file Form GSTR-1 with details of their outward supplies of goods
and/or services for a specific tax period on the GST Portal.
As per the guidelines
on the GST portal, businesses have the option to choose quarterly filing of Form
GSTR-1 under the following conditions:
·
If
the turnover during the previous financial year was up to Rs 5 crore OR
·
If
the business was registered during the current financial year and expects the
aggregate turnover to be up to Rs 5 crore.
Please note that
if the Quarterly Return option is selected, both Form GSTR-1 and Form GSTR-3B should
be filed on a quarterly basis.
Delays in
submitting GSTR-1 returns
Delays
in submitting GSTR-1 returns can have a domino effect on businesses. Failure to
promptly file this information can impede the generation of GSTR-2B, preventing
buyers from claiming their Input Tax Credit (ITC) and potentially forcing them to
pay their GST liabilities in cash. This
can significantly strain the cash flow of companies, especially those with significant
input purchases.
The recent technical
glitches on the GSTN portal highlight the necessity for robust contingency plans
to mitigate future disruptions. As businesses await updates and solutions, it is
crucial to address these issues proactively to ensure seamless compliance with GST
regulations.
Related Notifications
issued on 10 January, 2025 by CBIC as below:
|
Seeks to extend the due date for
furnishing FORM GSTR-1 for the month of December, 2024 and the quarter
of October to December, 2024, as the case may be |
|
|
Seeks to extend the due date for
furnishing FORM GSTR-3B for the month of December, 2024 and the
quarter of October to December, 2024, as the case may be |
|
|
Seeks to extend the due date for
furnishing FORM GSTR-5 for the month of December, 2024 |
|
|
Seeks to extend the due date for
furnishing FORM GSTR-6 for the month of December, 2024 |
|
|
Seeks to extend the due date for
furnishing FORM GSTR-7 for the month of December, 2024 |
|
|
Seeks to extend the due date for furnishing
FORM GSTR-8 for the month of December, 2024 |