{"id":8926,"date":"2023-05-05T03:17:09","date_gmt":"2023-05-05T02:17:09","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=8926"},"modified":"2023-05-05T03:18:15","modified_gmt":"2023-05-05T02:18:15","slug":"advisory-for-timely-filing-of-gst-returns","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/advisory-for-timely-filing-of-gst-returns\/","title":{"rendered":"Advisory for Timely Filing of GST Returns"},"content":{"rendered":"<p align=\"justify\">The Goods and Service Tax Network has issued an&nbsp;<strong><em>Advisory dated May 04, 2023<\/em><\/strong>&nbsp;for  the Timely Filing of GST Returns. \n  <\/p>\n<p align=\"justify\">1. It has been observed that some taxpayers faced  difficulty in filing GSTR-3B of March 23&#8242; period on 20th April 2023&#8242;. On  analysing the reasons, it was noted that large number of tax payers attempted  to file GSTR-3B returns in the afternoon of the last day (20.05 lakhs GSTR-3B  returns were filed on that day). This resulted in a waiting queue on GST system  causing inconvenience to some of the taxpayers.\n  <\/p>\n<p align=\"justify\">2. Around 45% of the returns filed on 20th April,  23&#8242; were either NIL returns (no tax liability and no ITC availment) or were  such returns where no tax was paid in cash. These returns could easily have  been filed earlier. Further, it is suggested that taxpayers may use SMS filing  option to file NIL returns as it would be quicker and a more convenient way to  file NIL returns and will also help to reduce queue on the GST system.  Taxpayers are therefore advised to file their Form GSTR- 3B well in advance to  avoid last day rush.\n  <\/p>\n<p align=\"justify\">3.It has also been observed that some taxpayers are  uploading large number of invoices (viz upto 27 lakhs) of the past period in  one GSTR-1 on the due date of filing. Taxpayers are advised to inculcate a  month-wise return filing discipline for all the B2B invoices for the month and  avoid reporting invoices of the past period in one go, as such behaviour can  adversely impact the queue (waiting time) on the GST system.\n  <\/p>\n<p align=\"justify\">4.It can thus be seen that with better planning of  return filing, the difficulty faced by the taxpayers due to last minute rush  can be avoided and it would be of help to fellow taxpayers as well. It may also  be noted that GSTN has considerably upgraded its infrastructure over a period  of time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2023\/05\/05-05.png<\/p>\n","protected":false},"author":1,"featured_media":8928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8926"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=8926"}],"version-history":[{"count":3,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8926\/revisions"}],"predecessor-version":[{"id":8931,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8926\/revisions\/8931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/8928"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=8926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=8926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=8926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}