Revised Due Dates for GST Returns
Dear Reader, CBIC has notified the due dates for GSTR 3B and GSTR 1 for the period July 2018 to March 2019. In the preceding two GST Council Meetings, a comprehensive discussion was made on the new return design system, format of new return, simplification of the existing return designs etc. However, just two day before, the CBIC has issued notification for the mentioned topic. Presently, the old return system has been put in place for the period up to March 2019 but we are of the opinion that again the new return system will be postponed up to June 2019 i.e. up to the General Elections. We have earlier also advised our clients and professionals that do not worry about the new GST Return formats as there is no possibility that the same can be implemented before 1st July 2019. The reason is simple that with the introduction of new return design system, the traders and professionals need to work again, the software companies need to work again, the load on the website dur...