GSTN asks Traders to File July Returns from 5 Aug Onwards

GSTR-7 - GST Returns - Taxscan

The Goods and Services Tax Network (GSTN) will open the facility of filing returns from 5th August 2017. By this, the first GST return for the month of July can be filed till 20th August, said by GSTN CEO Navin Kumar said today.

Businesses can start filing their first GST returns and pay taxes for July on the portal of GST Network the IT infrastructure provider for the new indirect tax regime, beginning August 5, he said.

The final GST returns for July will have to be filed by these businesses by September 5 instead of August 10. Companies will have to file sale invoice for August with GST Network by September 20 instead of September 10 earlier. The sales returns for September will have to be filed by October 10.

Before the rollout of GST, The Government has given a two-months relaxation for the filing of returns with a view to make compliance easy for businesses.

So, the GST returns for July and August will be filed on the Goods and Services Tax Network (GSTN) portal by filling up GSTR 3B form.

GSTN has tied up with 25 agency banks authorised by the RBI to collect taxes, he said.

“We have tied up with all major banks, both private and public. The facility for tax payment is already on and Integrated GST is being collected. Along with filing of returns by August 20, payments for central and state GST will also come in,” said Kumar, in-charge of the biggest technology backbone created for the new indirect tax regime.

Over 71.30 lakh excise, service tax and VAT payers have migrated to the GSTN portal with 13 lakh fresh registrations.

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