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This Article is From Oct 04, 2017

Over 20 Lakh Businesses Due To File Final GST Returns In 6 Days

Sushil Modi headed Group of Ministers asks GSTN to brace for the rush of last-minute filers.

Over 20 Lakh Businesses Due To File Final GST Returns In 6 Days
A tax calculation table (Photographer: Daniel Acker/Bloomberg)

As the deadline for filing final returns for the first month of the Goods and Services Tax nears, the Sushil Modi-led Group of Ministers has asked the information technology backbone provider GSTN to send reminder text messages to 20 lakh businesses which are yet to submit the tax forms.

In its second meeting, the Group of Ministers asked the GST Network to brace for the rush of last-minute filers.

The last date for filing of final sales returns for July in GSTR-1 form is October 10, while the date for uploading of purchase returns in GSTR-2 is October 31. The final GSTR-3, matching GSTR-1 and 2, is to be filed by November 10.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

So far 33 lakh businesses have filed GSTR-1 for July, while 53 lakh had filed the initial GSTR-3B returns. So 20 lakh more businesses have to file in the next six days.
Sushil Modi, GoM Chairman & Bihar Deputy Chief Minister

“We appeal to people to file the returns on time. Infosys has prepared a list of businesses who are yet to file returns. GSTN will be sending out mobile messages to these 20 lakh businesses reminding them to file returns,” he said.

Also Read: GST Returns Filing And Registration Deadlines Extended

Besides, the GoM has also asked Infosys, which has prepared the backend of GSTN portal, to be prepared to handle the load that would come for GSTR-2 filing between October 11 to 31. “GSTR-2 filing load is the second big challenge and we have alerted Infosys to be prepared,” Modi said.

The GST Council, in its meeting on October 6, would be apprised of the deliberations of the GoM and the improvement in GST Network functioning over the past one month.

Modi said GSTN has accepted initial returns for August in GSTR-3B without any major glitch being reported and so far over 43.58 lakhbusinesses have filed it for August. “We are satisfied with the performance of GSTN. Since the formation of GoM, a lot of issues have been resolved, still some issues remain for which Infosys has been given a timeline to resolve,” he said.

A group of ministers under Sushil Modi was constituted last month to monitor and resolve technological challenges faced during GSTreturn filing. Kerala Finance Minister Thomas Isaac is also a member of the group. The other members are Amar Agarwal, Minister for Commercial Taxes, Chhatisgarh; Krishna Byregowda, Minister for Agriculture, Karnataka; and Etela Rajendar, Finance Minister, Telangana.

The next meeting of the GoM will be held after a fortnight.

GSTN, the IT backbone and portal for real-time taxpayer registration, migration and tax return filing under the GST, had faced downtime when the first deadline for filing of July returns approached, forcing the government to extend the last date.

Also Read: CII Seeks Deadline Extension For Filing GST Returns

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