Corporate Updates – 09-08-2017

GST:

GST Authorities have now activated the option on GST portal to seek cancellation of registrations. Taxpayers who have not filled Part B of their enrollment application, and would like to seek cancellation of registration, may do so now on GST Portal. Taxpayers who have not filled Part B of their enrollment application, and would like to seek cancellation of registration, may do so now on GST Portal. Such taxpayers are requested to login with chosen username for activated Provisional Ids and opt for cancellation.

GST:

CBEC has issued the notifications for extending the due dates for filing of monthly returns GSTR-1, GSTR-2 and GSTR-3 for first two months i.e July & August. Earlier, CBEC had only issued a press release announcing the extension of dates. The due date for Form GSTR 3B has also been notified. GSTR-3B is a simple return that the assessee needs to file in the first two months (July & August) instead of the normal GSTR-1,2 &3. The due dates for filing GSTR-3B are 20 August (for July) and 20 September (for August). GSTR -3B is now available for filing on the GST portal for filing. Further, Form GSTR -1 is to be filed by September 5 (for July) and September 20 (for August); Form GSTR – 2 is to be filed by September 10 (for July) and September 25 (for August); Form GSTR – 3 is not required to be filed for the months of July and August. Further, no late fee or penalty shall be levied in case of delayed return filing for these two months.

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