The Central Government has issued 3 notifications 32/2018, 33/2018 & 34/2018- Central Tax on 10th August 2018 in order to decide the time limit for filing of GSTR-1 & GSTR-3B for the period July 2018 to March 2019.
• Revised last date for filing of GSTR-1 is as follows:
a) Taxpayer having turnover less than Rs. 1.5 crore need to file the GSTR-1 quarterly as follows:
July 18 - Sept 18 - 31st Oct 2018
Oct 18 - Dec 18 - 31st Jan 2019
Jan 19 - March 19- 30th April 2019
b) Taxpayer having turnover more than Rs. 1.5 crore need to file the monthly GSTR-1 as follows:
July 18 to March 19 - 11th of succeeding month.
• GSTR-3B for the period July 18 to March 19 shall continue to be filed monthly by all the taxpayers by 20th of next month.
• Also, every taxpayer has to discharge its liability by debiting the electronic cash ledger or credit ledger, as the case may be, for the said period by 20th of next month.
tax 'N' accounts people
Tarun Kumar Gupta
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