Businesses need to submit GSTR-3B by August 20, this is what the form is
The facility of filing interim return form GSTR 3B was started on August 5 and any registered entity under Goods and Service Tax (GST) who has transacted business in July will have to file the return by August 20
Key Highlights:
- Facility to file GSTR-3B opened on August 5 and will close on August 20
- GSTR-3B needs to be filed for the month of July
- Form GSTR-3B needs to be filed by a taxable person for submitting the provisional assessment of the tax liability.
With Goods and Service Tax (GST) coming into effect, the traders need to start filing GST returns now. The first tax return under the new tax regime opened from Saturday and can be filed till August 20.
Recently, Goods and Service Tax Network (GSTN) Chairman Navin Kumar told PTI that to make compliance easy for businesses, the GST Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the GST rollout.
So, the GST returns for July and August will be filed on the GSTN portal by filling up GSTR 3B form.
27 lakh biz yet to complete GST registration process: GSTN
Are you ready to file 37 tax returns under GST regime? All your questions answered
GST rollout: All you need to know about monthly, quarterly, annually tax return filing
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.