Last updated: April 6th, 2020 9:07 PM

GSTR-1 Due Date Extended 2020

Update for Filing GSTR-1 in 2020

Due to the impact of the Corona Virus worldwide, many people across the world stay in lockdown period to support the Governments' measure to curb the Corona Virus. To avoid the financial burden on the people at a time like these, the Government of India (GoI), implemented various schemes such as Companies Fresh Start Scheme 2020 to avail benefits for taxpayers who either failed to pay taxes on time or unable to pay the penalty and stopped filing. To ensure smooth operation of the business, the GoI also implemented several waive off for penalty in non-filing or registration compliance. This shall also apply for filing GSTR-1. On 3rd April 2020, the Central Board of Indirect Taxes and Customs implemented waving off the GSTR-1 through the Notification No.33/2020. The CBIC states that through the powers of Section 128 of Central Goods and Services Tax 2017, any late fee payable for the month of March 2020, April 2020, May 2020 and for the quarter ending 31st March 2020 shall stand waived off. It shall apply to all the registered taxpayers who failed to furnish the details of the outward supplies in Form GSTR-1 in the above-mentioned months by the end of the due date. The said waive off shall apply only if the registered taxpayer furnishes the details of all the outwards supplies made during the non-filing tax periods and also during the waive off period on or before 30th June 2020. To know more about the notification, scroll below: The waive shall apply only for the said tax period. The below mentioned due dates shall apply henceforth until Government lifting up the lockdown ban. The GST Council extended the due date for filing GSTR-1 return upto 10th January 2018 for all taxpayers. It made the announcement on the extension on due date through a press release and official twitter account of GSTN. Click here to read on GSTR1 Due Date – Less than Rs.1.5 Crore Turnover

GSTR-1 Due Date

Originally, the GST Council introduced the due date for filing GSTR-1 return for the months of July to October 2017 extended upto 31st December 2017. However, to help taxpayer comply and avoid the rush during the holiday season, the Council extended due date to 10th January 2018. Hence, if you are a business with an annual aggregate turnover of less than Rs.1.5 crores during the last financial year, you will have to file GSTR-1 return for the months of July to September 2017 before 10th January 2018. In case you are a business with an annual aggregate turnover of more than Rs.1.5 crores during the last financial year, you will have to file GSTR-1 return for the months of July to October 2017 before 10th January 2018. [caption id="attachment_35545" align="aligncenter" width="720"] GSTR-1 Due Date Extended January 10th

How to File GSTR-1 Return

GSTR-1 return can be easily filed online using LEDGERS GST Software. You can also read this guide to know more about GSTR-1 filing or get in touch with an IndiaFilings Advisor for help with GST return filing. Click here for GST Invoicing and GST Annual Return.