The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadlines for filing GSTR-1 and GSTR-3B returns for the tax period of December 2024, providing relief to GST taxpayers facing technical issues on the GST portal.
Extended Deadlines:
- GSTR-1: The deadline for monthly filers is now January 13, 2025. For taxpayers under the Quarterly Return Monthly Payment (QRMP) scheme, the due date is extended to January 15, 2025.
- GSTR-3B: Monthly filers must submit by January 22, 2025. For quarterly filers, the deadlines are January 24 or January 26, 2025, depending on the state of registration.
Reason for Extension:
The extensions address technical glitches reported on the GST portal, which hindered timely return filings. CBIC acknowledged these challenges and announced the extensions to facilitate compliance.
Implications for Taxpayers:
Timely filing of GSTR-1 is crucial, as it enables buyers to claim Input Tax Credit (ITC) based on the supplier’s uploaded data. Delays can disrupt ITC claims and overall compliance. The extension offers taxpayers additional time to file returns without incurring penalties.
Additional Extensions:
CBIC also extended deadlines for other GST forms:
- GSTR-5 and GSTR-6: For December 2024, the due date is now January 15, 2025.
- GSTR-7 and GSTR-8: For December 2024, the deadline is extended to January 12, 2025.
Conclusion:
These extensions aim to alleviate compliance burdens caused by technical issues on the GST portal, ensuring taxpayers can meet their obligations without facing penalties. Taxpayers are advised to utilize this additional time to complete their filings promptly.