Finance Ministry extends last dates to file GST returns for July
The ministry said the move to push the dates forward would help 30.81 lakh taxpayers.
The Centre on Monday extended the last date for filing Goods and Services Tax Returns-2 for July to November 30, the Finance Ministry said in a tweet. The last date for filing of GSTR-3 for July was also extended, to December 11.
Earlier, the last date for filing GSTR-2 was October 30, and for GSTR-3 it was November 10. The ministry said the move to push the dates forward would help 30.81 lakh taxpayers. The government said a notification about the changes in the dates would be released shortly.
A group of ministers on Sunday proposed relaxing the GST rates for businesses eligible for the composition scheme. The panel suggested a tax rate of 1% for manufacturers and restaurants with annual turnover of Rs 1 crore or less. They currently pay 2% and 5% of their turnover as GST.
By opting for the composition scheme, small taxpayers can avoid tedious paperwork and pay GST at a fixed rate of their turnover.