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Finance Ministry extends deadline for filing GSTR-3B to October 25
Oct-22-2018

In a respite to traders, the Finance Ministry has extended the deadline for filing the GSTR-3B summary return of sales for September by five days to October 25. With this extension, businesses, which wish to claim input tax credit (ITC) benefit for July 2017-March 2018 period, can do so till October 25.

The Central Board of Indirect Taxes and Customs (CBIC), under the Finance Ministry, said trade and industry had expressed anxiety over October 20 due date for claiming the input tax credit. GSTR-3B for a particular month has to be filed by the 20th day of the subsequent month. The deadline for September return filing was October 20.

Businesses had expressed concern over October 20 deadline, saying that there would be trouble in reconciling their sales returns with the purchase returns filed by their suppliers. Since the ITC is availed on the basis of summary sales return or GSTR-3B filed, the deadline for ITC claims and GSTR-3B have been kept the same. The Goods and Services Tax (GST) was rolled out on July 1, 2017.

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