These GST Forms Must Be Filed By 31st October 2021 Using EVC

The government had earlier given taxpayers assistance by lowering or waiving the late fee for non-filing FORM GSTR-3B for the tax periods July 2017 to April 2021 if the returns are filed between June 1, 2021 and August 31, 2021. However, the deadline to apply for the late fee amnesty scheme has been postponed from August 31, 2021 to November 30, 2021. The deadline for submitting an application for revocation or cancellation of registration has also been extended by the government to 30.09.2021, where the due period for filing an application for revocation of cancellation of registration lies between 01.03.2020 and 31.08.2021.

Only those registrations that have been revoked under clause (b) or clause (c) of sub-section (2) of section 29 of the CGST Act would be eligible for the extension. For the period from April 27, 2021 to August 31, 2021, companies can file FORM GSTR-3B and FORM GSTR-1/ IFF utilising an electronic verification code (EVC) instead of a Digital Signature Certificate (DSC). The deadline has been postponed until October 31, 2021.

"The extension of the closing date of late fee amnesty scheme and extension of time limit for filing of application for revocation of cancellation of registration will benefit a large number of taxpayers, specially small taxpayers, who could not file their returns in time due to various reasons, mainly because of difficulties caused by COVID-19 pandemic, and whose registrations were cancelled due to the same. Taxpayers are requested to avail the benefit of these extensions at the earliest to avoid last minute rush," Central Board of Indirect Taxes & Customs (CBIC) has said in a circular.

Form GSTR-3B is a summarised statement for taxpayers to report and settle their total GST payments for a certain tax period. During each tax period, a regular taxpayer is obliged to file Form GSTR-3B returns. Even if there is no business in any particular financial period, all categories of taxpayers are required to file Form GSTR-3B. The GST Portal's returns section is where you may file Form GSTR-3B. You may access it in post-login mode by navigating to Services > Returns > Returns Dashboard.

Following the selection of the fiscal year and tax period, Form GSTR-3B (if applicable) for the selected period can be filed. The Invoice Furnishing Facility (IFF) is a service that allows quarterly taxpayers in the QRMP system to register their taxable outward supplies to a registered person.

In Form GSTR-1, certain details that are required to file are GSTIN, Name of the Taxable Person, Aggregate Turnover of the Taxable Person in the previous FY, Taxable outward supplies to a registered person, Amendments to details of Outward Supplies to a registered person of earlier tax periods, Taxable outward supplies to a consumer where Place of Supply (State Code) is other than the State where supplier is located (Inter-state supplies) and Invoice value is more than Rs 2.5 lakh, Amendment to taxable outward supplies to a consumer of earlier tax periods where Place of Supply (State Code) is other than the State where supplier is located (Inter-state supplies) and Invoice value is more than Rs 2.5 lakh, Taxable outward supplies to consumer (Other than 6 above), Amendment to Taxable outward supplies to consumer of earlier tax periods (original supplies covered under 7 above in earlier tax period (s)), Details of Credit/Debit Notes, Amendment to Details of Credit/Debit Notes of earlier tax periods, Nil rated, Exempted and Non GST outward supplies, Supplies Exported (including deemed exports), Amendment to Supplies Exported (including deemed exports), Tax liability arising on account of Time of Supply without issuance of Invoice in the same period, Amendment to Tax liability arising on account of Time of Supply without issuance of Invoice in the same tax period, Tax already paid (on advance receipt/ on account of time of supply) on invoices issued in the current period, Supplies made through e-commerce portals of other companies , Supplies made through e-commerce portals of other companies to Unregistered Persons, Amendment to Supplies made through e-commerce portals of other companies to Unregistered Taxable Persons, Invoices issued during the tax period including invoices issued in case of inward supplies received from unregistered persons liable for reverse charge, and self declaration.