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A great number of technical imperfections in the GST portal, the Operational Director of the Goods and Services Tax Network GST has had on the portal, resulted in meetings about possibly postponing the GSTR-1 filing deadline. Maintenance work on the portal is in progress and services will be restored soon, as per a statement issued by the GSTN on X (previously Twitter).
An incident report has been submitted articulating this issue to the Central Board of Indirect Taxes and Customs, but there is such a notification which can serve to extend it, is not in effect.
Repercussions of GSTR-1 filing deadlines
For the tax period of December 2024, the final date for the GSTR-1 submission will be the 11th of February 2025 for general taxpayers and the 13th of February 2025 for those in the Quarterly Return Monthly Payment (QRMP) scheme, but in any case, technical glitches rendered a vast majority of businesses and certified accountants unable to file returns, retrieve data or answer notices. Respective professionals have been mostly fashioned to tax payments and accounting issues ever since.
Raising the issues professional accountants have
Taking account of the technical challenges, charters accountant Himank Singla has cited, GSTR-1 summaries and RFD-01 produced documents required have become basic issues. Singla talked out of the hope over the damages owing to the technical dysfunctions of the gst portal in time periods of high load.
Hanni Munjal observes that having to wait for filling out GSTR-1 could compromise one filing of GSTR-2B forms which are deemed necessary for ITC customers. These delays would be detrimental to providing operating capital to businesses without cash reserves, especially multinationals who have to pay their GST obligations in cash.
Potential deadline extension
To resolve this situation payments of GSTR-1 are made up to a few days later than the expected date. Commentators posit that a payment date of at least the 13th of January 2025 must be the ideal date so that the aforementioned inflation of GSTR-1 doesn’t take place. Bearing in mind that analysts forewarn about the repercussions this will create on GSTR-2B.
Who needs to file GSTR-1?
Further under developed strategies state that any Taxpayers which register under GSTR-1 but supply goods or provide services and meet the gross turn over of ₹5 crore are exempt from these rules which endorse the filing husband CT payers, tax collectors and service retailers. Quarter of the year is the period they should report as an incentive to ease compliance requirements.
Towards these ends business lobbies in India expect a ruling from the CBIC while the government is clearly under stress in managing the leakages in the GST seamless universe but still tries hard to smoothen the compliance.
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