The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadlines for filing monthly GST returns using GSTR-1 and GSTR-3B forms by two days each.
Taxpayers filing monthly GSTR-1 returns now have until January 13, 2025. For those filing GSTR-1 on a quarterly basis, the revised deadline is January 15, 2025.
The deadline for filing GSTR-3B has also been extended to January 22, 2025, for monthly filers. However, quarterly GSTR-3B filers now have two separate deadlines based on their location. For certain states, the new deadline is January 24, 2025, while for others, it is January 26, 2025.
On January 10, 2025, the CBIC announced on X (formerly Twitter), “To benefit taxpayers who faced technical glitches and could not file their returns on time, the deadline for filing FORM GSTR-1 for the tax period of December 2024 has been extended to 13.01.2025. Additionally, for taxpayers under the QRMP Scheme, the time limit for filing FORM GSTR-1 for the tax period October 2024 to December 2024 has been extended to 15.01.2025.”
According to Chartered Accountant Himank Singla, Partner at SBHS & Associates, “Finally, some relief! The CBIC has extended the deadlines for filing GSTR-3B and GSTR-1 by two days each for January, due to the frustrating technical glitches that prevented many of us from filing on time. It’s been a challenging few days for taxpayers, with the GST portal being down at the most critical time. This extension provides much-needed breathing room to complete our filings without the added stress of penalties.”
GSTR-1 and GSTR-3B are interlinked, which is why both deadlines have been extended. GSTR-1 is filed by suppliers, and based on this data, the buyer’s GSTR-2B is auto-populated. Buyers then reconcile the data with their purchases and file GSTR-3B to claim input tax credit (ITC). This connection between GSTR-1 and GSTR-3B is the reason for extending both deadlines.
According to Chartered Accountant Hrishikesh Arun Wandrekar, Partner at Wandrekar and Company, “The details of outward supplies made by a seller are reported in GSTR-1. The recipient of the supply can use the details filed by the supplier in GSTR-1 to claim input tax credit (ITC) of the GST reflected therein and use that ITC to compute the tax liability to be paid along with GSTR-3B.”
On January 10, 2025, the CBIC stated on X, “The time limit for filing FORM GSTR-3B for the tax period of December 2024 has been extended to 22.01.2025. The time limit for filing FORM GSTR-3B for the tax period of October 2024 to December 2024 for taxpayers under the QRMP Scheme has been extended to 24.01.2025/26.01.2025, depending on the state of registration.”
Chartered Accountant Hunny Munjal explains, “Delays in filing GSTR-1 can create a significant ripple effect across the GST compliance framework. GSTR-1 serves as the foundation for generating GSTR-2B, a critical document that allows buyers to claim ITC. Under Section 16 of the CGST Act, 2017, ITC claims are contingent on the matching of purchase data with the information in GSTR-2B. GSTR-2B is an auto-populated statement generated based on outward supply details uploaded by suppliers in GSTR-1. The GSTN system consolidates this data and makes it available to recipients on the 14th of each month. Recipients then reconcile this data with their purchase records to claim ITC in their GSTR-3B returns, which are typically due by the 20th. This process provides a crucial six-day window for reconciliation.”
Munjal explains, “Recognizing the interdependence of GSTR-1, GSTR-2B, and GSTR-3B in the GST ecosystem, the government has extended the GSTR-1 filing deadline for monthly filers by two days, now due on January 13, 2025. To ensure a smooth compliance process, the deadline for GSTR-3B has also been extended by two days to January 22, 2025.”
For quarterly GSTR-1 filers, covering the period from October to December 2024, the new deadline is January 15, 2025.
Singla adds, “For some taxpayers, the deadline to file GSTR-3B has been extended to January 26, 2025, which coincides with Republic Day, a national holiday.”
Chartered Accountant Ashish Niraj, Partner at A S N & Company, comments, “The extension of due dates is a welcome step. Some people are questioning why the GSTR-3B deadline has also been extended. The reason is that the normal due date for GSTR-1 is the 11th of the subsequent month for monthly filers with turnover over Rs 5 crore in the preceding year, and the 13th of the subsequent month for quarterly filers with turnover less than Rs 5 crore, at their option. However, GSTR-2B is generated on the 14th. Now that the GSTR-1 deadlines have been extended to the 13th for monthly filers and the 15th for quarterly filers, GSTR-2B will be generated on the 16th instead of the 14th. Since GSTR-3B requires reconciliation with GSTR-2B, and GSTR-2B will be generated two days late, the extension of GSTR-3B deadlines is fully understandable and necessary.”
Other Key Decisions
The CBIC issued two additional related notifications later in the day:
- The deadline for filing FORM GSTR-5 and FORM GSTR-6 for the tax period December 2024 has been extended from January 13, 2025, to January 15, 2025.
- The deadline for filing FORM GSTR-7 and FORM GSTR-8 for the tax period December 2024 has been extended from January 10, 2025, to January 12, 2025.
Source: The Economic Times
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