EXEMPTION IN THE PROCESS OF FILING TAX DETAILS IN GST IMPLEMENTATION

In view of the objective of facilitating the easy implementation of GST and filing of tax details during the GST by industry and trade representatives, the government has given relaxation in many rules. In the first two months of implementation of GST, the details of the goods coming and going will be given in an easy explanation (Form GST-3B). It can be deposited by the 20th of next month. However, the regular GSTR-1 has to be filed for the July and August months in accordance with the following timelines:

Month	GSTR-3B	GSTR -1	GSTR -2 ( taken automatically from GSTR- 1 )
July , 2017	20th of August	September 1 - 5	6 - 10 September
August , 2017	September 20	16 - 20 September	21 - 25 September

* Facility to deposit the details of supply going out of July 2017 will be available from July 15, 2017.

No delay fee or penalties will be imposed during this interim period. The purpose of this is to provide taxpayers the facility and to provide time for the changes in the system. It also demonstrates the commitment of the central government to bring together all stakeholders on one platform and also to prepare taxpayers for historical changes.

Do let us know in case of any further clarification is required in this regard.

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