Last updated on August 21st, 2017 at 06:29 pm
The blog post is updated with the CBEC press release announcing the extension of GSTR-3B due date and payment of tax.
In the light of the recent clarification from CBEC, the businesses are allowed to use the transitional input tax credit in paying the July month’s tax liability. This is a much needed relief to businesses who had huge amount of transitional credit. This is because they feared that the non-availability of such option would have a severe impact on cash out-flow of the business. Also, listening to the request from tax payers to extend the due date of GSTR-3B and due to the last minute technical glitches in filing returns in GST Portal, the GST committee has decided to extend the last date to file GSTR-3B by 5 days. Read More
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