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Showing posts from January, 2018

‘Software glitch’: Traders seek more time to file GSTR- 1

As the deadline for filing monthly returns for the Goods and Services Tax – GSTR 1 approaches, industry is hoping for a further extension on the grounds of continuing software glitches. The government had on December 28 extended by 10 days the last date for filing of final sales return GSTR-1. Businesses with an annual turnover of up to ₹1.5 crore are expected to file quarterly GSTR-1 for July to September by January 10. Similarly, businesses above this threshold have to file monthly returns for July to November by Wednesday. However, government officials countered the claim and said that most assessees have been filing returns on the GST portal, without facing much difficulties. The earlier deadline for filing GSTR-1 for July-October was December 31 and that for November was January 10. “Though the number of issues and inconsistencies in filing process of GST has come down now, there still exist a number of problems. There is a sense of confusion for the customers regarding ...