Ministry of Finance today issued the much awaited notifications regarding the extension of time limit to file GST returns. As per these notifications, a normal registered person is required to file one return in Form GSTR-3B for the month of July ‘2017 latest by 20th of August’2017 and about seven returns to be filed in the month of September’2017.  Due dates provided in these notifications are reproduced in tabular format as below:

Form Return Month Due date Notification No.
GSTR-3B Monthly GST Simpler Return July 2017 20th August’2017 Notification No. 21/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-1 Return of Outward supplies July 2017 1st to 5th September’2017 Notification No. 18/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-2 Return of Inward supplies July 2017 6th to 10th September’2017 Notification No. 19/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-3 Monthly GST Return July 2017 11th  to 15th September’2017 Notification No. 20/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-1 Return of Outward supplies August 2017 16th  to 20th September’2017 Notification No. 18/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-3B Monthly GST Simpler Return August 2017 20th September’ 2017 Notification No. 21/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-2 Return of Inward supplies August 2017 21st to 25th September’2017 Notification No. 19/2017 – Central Tax, New Delhi, 08th August, 2017
GSTR-3 Monthly GST Return August 2017 26th to 30th  September’2017 Notification No. 20/2017 – Central Tax, New Delhi, 08th August, 2017

As per governments statement there are more 80 Lakh registered person under GST who are required to file seven returns in the month of September’ 2017.  So apart from other returns, about five crore sixty lakh GST returns will be filed in the month of September’ 2017.  I guess , there are not more than fifty thousand tax professionals across the country, so that means every professional will have to file more than one thousand GST returns in the month of September itself and too for the first time.  Other than this there would be additional pressure of completing Tax Audits and filing Income Tax returns latest by 30th September’2017. Many Companies are also required to hold their Annual General Meeting latest by 30th September’2017. Even for the month of July 2017, form GSTR-3B is made available only a few days before and less than 15 days time is provided to file about 80 lakh GSTR-3B form latest by 20th of August’2017.  Also no offline utility is yet available to file form GSTR-3B and it has be filed online only. To put an icing on the cake there are about seven official holidays and ten Sundays in this period during which full staff strength is also not available in the offices. ( 14th August is an official holiday for Janmashtmi, 15th August being Independence Day, 25th August is Ganesh Chaturthi, 2nd September Id-ul Juha, 3rd September Onam, 21st September Muharram, 28th September Durga Pujaand Dusshera on 29th of September).

I hope, that this year September month may not claim another life of one of our tax professionals. So, wake-up, pull up your socks and plan it today itself, believe me you have only 40 working days to complete all this work, that too with precision and accuracy, as the taxman is closely watching you and waiting for the mistakes, that are bound to happen in filing these returns.

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12 responses to “Forget about Tax or Statutory Audit, book your September to welcome GST”

  1. VINOD KUMAR GUPTA says:

    Dear Writer,
    When the Govt. has given this burden on professional , some relaxation to be given while filing Tax Audit Report.Sir, I fully agree with your views.

  2. Madhav says:

    And if the entrepreneur is left out with some time, he may opt for doing some business.

  3. MITHUN says:

    So,
    CERA Audit
    DVAT Returns
    Service Tax Returns
    Tax Audits
    Stat. Audits

    Need more Staff, computers, office space. (where is the GST trained staff?)

  4. Sanjay kushwaha says:

    Tax audit date should be extended till November 2017 due to heavy load of GST work

  5. GIRISH says:

    SIR,

    WE ALSO NEED TO FACE CERA AUDIT BY CENTRAL EXCISE AUDIT, BY DELHI BRANCH.
    FROM 16TH AUGUST ONWARD.

    THIS IS HARD SHIP NEEDS TO BE POINTED OUT AT PROPER LEVEL. THAT TILL GST RETURN IS FILLED SMOOTHLY, AUDIT SHOULD BE ABANDON.

    GIRISH
    9039811571

  6. Raghuram B says:

    Well Said Sir

  7. Sanjay Deogirkar says:

    WE GIVE OUR LIFE, HANG TO INDIAN TAX AUTHORITY AND INDIAN GOVERNMENT

  8. T.SUNDARAM says:

    YES SIR

    YOU HAVE FORGOTTEN TO MENTION SERVICE TAX RETURNS FOR QUARTER FOR WHICH THE DUE DATE IS 15TH AUG.

    GOVERNMENT HAS MADE OUR LIVES MISERABLE.

    NO SUNDAYS, NO HOLIDAYS FROM LAST MONTH ONWARDS

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