Earlier, this deadline was January 11. The main reason for extending the deadline is technical glitches, but it has also been kept in mind that January 11 is a Saturday. Which is not a working day for multinational companies.

It is worth noting that due to the GST portal going down on January 10, apart from filing GSTR-1 form, many other tasks of businessmen were halted. Tasks like retrieving old data and responding to government notices were halted. This was followed by a post on GSTX’s official handle, GST Tech, which said, “An incident report is being sent to the Central Board of Indirect Taxes and Customs to consider extending the filing date.” Thank you for your cooperation and patience!”

If the deadline had not been extended, the loss would have been incurred.

Delay in filing GSTR-1 could affect GSTR-2B generation. This could lead to difficulties for buyers in claiming Input Tax Credit (ITC). Delay in ITC could have a negative impact on the cash flow of companies, as they may have to make GST payments in cash. This could have created a lot of problems for companies that avail large amounts of input credit. In view of this, the CBIC informed about the extension of the last date for filing GST returns by posting on X late on Friday evening.

What was the matter?

The GST Network (GSTN) portal fell victim to a technical glitch. Due to this, businessmen across the country could not file GSTR-1 returns on January 10. GSTN on Friday informed on social media platform X that the portal was undergoing maintenance due to a technical glitch and it would be operational by 12 noon. However, later taxpayers received a new message stating that the portal would be available only after 3 pm. But even after this, the problem did not go away.

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The post GST Return Deadline: CBIC has extended the last date for filing GSTR-1 form to January 13. Details Here first appeared on Rightsofemployees.com.

Who Files GSTR-8

Goods and Services Tax E-commerce operators registered through GST are required to file GSTR-8. An e-commerce operator is defined under the GST Act as any person who owns or manages a digital or electronic facility or platform for electronic commerce such as Amazon, etc. It is mandatory for all such e-commerce operators to be registered for GST registration as well as for collection of tax at source.

200 per day will be fined

E-commerce operators who do not file GSTR-8 by the stipulated time period, then they have to pay the penalty. As per the rules, a fine of Rs 100 per day is levied under CGST and Rs 100 under SGST. After the expiry of the last date, a total of Rs 200 has to be paid as fine every day. The maximum penalty amount is Rs 5,000. Not only this, along with the late fee, 18 percent interest has to be paid annually.

The post GST return Deadline: Get this important work related to GST done today, otherwise you will be fined first appeared on Rightsofemployees.com.