GST return deadline for taxpayers claiming input tax credit extended to August 28

Bhubaneswar/New Delhi: In a big relief for taxpayers opting to use opening balance of pre-GST credit in the current month, the government has extended the deadline for filing the first GST return for the month of July to August 28 from its original deadline of August 20.

But taxpayers who do not want to claim any transitional input tax credit will have to pay the taxes as well as file returns by August 20.

The move came as a relief to businesses who wish to claim the credit can deposit taxes on the basis of self assessment by August 20 and thereby file their returns within August 28.

The GST council has already made filing the returns on self assessment for the months of July and August post GST rollout.

Taxpayers can file returns for both the months on the GSTN portal by filling the GSTR 3B form.

After the rollout of the indirect tax regime on July 1, over 15 lakh fresh registrations have been added with over 71.30 lakh excise, service tax and value-added tax (VAT) payers transferring to the GSTN portal.