Over 20 lakh biz due to file final GST returns in 6 days

1. Over 20 lakh biz due to file final GST returns in 6 days The final GSTR-3, matching GSTR-1 and 2, is to be filed by November 10 Over 20 lakh biz due to file final GST returns in 6 days on Business Standard. Filing returns for the month of GST, Sushil Modi led group of ministers and asked the IT backbone provider GSTN to send reminder text messages to 20 lakh businesses to submit the tax forms.

2. As the deadline for filing the final GST returns for the first month of GST nears, the Sushil Modi-led Group of Ministers has asked the IT backbone provider GSTN to send reminder text messages to 20 lakh businesses which are yet to submit the tax forms. In its second meeting, the Group of Ministers (GoM) asked the GST- Network to brace for the rush of last-minute filers. The last date for filing of final sales returns for July in GSTR-1 form is October 10, while the date for uploading of purchase returns in GSTR-2 is October 31. The final GSTR-3, matching GSTR-1 and 2, is to be GST filing by November 10. “So far 33 lakh businesses have filed GSTR-1 for July, while 53 lakh had filed the initial GSTR-3B returns. So 20 lakh more businesses have to file in the next six days,” GoM Chairman and Bihar Deputy Chief Minister Sushil Modi said. “We appeal to people to file the returns on time. Infosys has prepared a list of businesses who are yet to file returns. GSTN will be sending out mobile messages to these 20 lakh businesses reminding them to file returns,” he said. Besides, the GoM has also asked Infosys, which has prepared the back-end of the GST Network portal, to be prepared to handle the load that would come for GSTR-2 filing between October 11 to 31. The GST Council in its meeting on October 6 would be apprised of the deliberations of the GoM and the improvement in… Read Full Article