Penalty amount reduced and Form GSTR 3B to filed till March 2018 and other compliance related decisions
taxgrid
November 10, 2017
Penalty amount reduced and Form GSTR 3B to filed till March 2018 and other compliance related decisions2017-11-10T19:56:23+05:30
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- GSTR3B has to be now filed till March 2018. Previously it was notified that Form GSTR3B has to be filed till December, 2017, but now the time period for furnishing the form stands extended.
- Also the Date for furnishing the Form GST TRAN - 1 has been extended till 31st December 2017. The Form GST TRAN - 1 can be submitted, if has not been submitted yet and revised till 31st December, 2017.
- Amount of penalty for the initial months has been reduced to Rs 20 (Rs 10-CGST and Rs 10-SGST) from Rs 200, if the return to be submitted is nil return.
- Amount of penalty for the initial months has been reduced to Rs 50 from Rs 200, for other taxpayers.
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