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India relaxes GST reporting

  • GST
  • 4 February 2018 | Richard Asquith

India relaxes GST reporting

India last month temporarily relaxed the reporting requirements under the new Goods and Services regime:

·  The monthly summary return in Form GSTR 3B is extended to March 2018 for all taxpayers.

·  Due dates for filing returns in Forms GSTR – 1, GSTR – 4 and GSTR – 5, GSTR – 5A and GSTR – 6 and the declaration in form GST Tran-1 for transitioning credit have been extended.

·  The due dates for filing Form GSTR – 2 (return of inward supplies) and GSTR – 3 (consolidated monthly return) for the months of July 2017 to March 2018 will be prescribed at a later stage.

·  The late fee payable (October 2017 onwards) by a taxpayer whose tax liability for the said month was nil will be INR 20 per day instead of the prescribed INR 200 per day.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.