INSUBCONTINENT EXCLUSIVE:
A one-time waiver of late fees has also been announced.The government on Monday extended the due date for furnishing form GSTR-1 (Goods and
Services Tax Return) for the period from July 2017 to September 2018 till October 31, 2018
"It has been observed that the number of taxpayers who have filed form GSTR-3B is substantially higher than the number of taxpayers who have
July, 2017 to September, 2018 has been extended till 31st October, 2018 for all registered persons having aggregate turnover above Rs 1.5
crores including the registered persons in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry),"
according to the release.However, for registered persons having aggregate turnover up to Rs 1.5 crore in Kerala, or whose principal place of
2018 would continue to remain as November 15, 2018.Further, for those taxpayers who will now be migrating to GST, the last date for
furnishing the details of outward supplies of goods or services or both in form GSTR-1 and for filing the return in form GSTR-3B for the
months of July, 2017 to November, 2018 has also been extended till December 31, 2018.Form GSTR-1 is applicable to all assessees making
activity in the tax period.
