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Union Government has reached out by 10 days the last date for documenting of final deals return GSTR-1 till January 10 under the Goods and Services Tax (GST), sources said.
Features
The GST Council had in November permitted organizations with turnover of up to Rs 1.5 crore to record last returns GSTR-1 quarterly .
Organizations with turnover of up to Rs 1.5 crore should document returns by February 15 for the period October-December .
Organizations with turnover of up to Rs 1.5 crore should document GSTR-1 for July-September by January 10, 2018, as against December 31, 2017 prior . For organizations with turnover of more than Rs 1.5 crore GSTR-1 must be petitioned for the period July-November by January 10 .
Earlier these organizations were required to record GSTR-1 return for July-October by December 31 and that for November by January 10. For the period of December, GSTR-1 is to be documented by February 10 and for consequent months, it would be tenth day of the succeeding month.
The GST Council had in November permitted organizations with turnover of up to Rs 1.5 crore to record last returns GSTR-1 quarterly. Organizations with turnover of up to Rs 1.5 crore should record returns by February 15 for the period October-December and that for January-March by April 30.