NEW DELHI: The Government today gave some relief to taxpayers availing of transitional input tax credit under the GST regime by giving them an extra week till August 28 to file tax returns.
Businesses under the Goods and Services Tax (GST) set-up have to file their first return, GSTR 3B, for July on the portal of GST Network — the IT infrastructure provider for the new indirect tax regime — by August 20. The return filing had commenced on August 5.
The finance ministry today offered some relaxation to those businesses that claim transitional input tax credit. These entities will have to deposit taxes on the basis of self-assessment by August 20, but they will have one more week till August 28 to file their returns.
Those taxpayers that do not claim any transitional input tax credit will have to necessarily pay tax and file return in Form 3B before the due date of August 20, the ministry said. (AGENCIES)
Follow our WhatsApp channel
