Important Keyword: Notification No. 54/2017 Central Tax, GSTR-2 due date extension July 2017, GSTR-3 due date extension July 2017, CGST notification 54/2017, GST return due date extension India,
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Table of Contents
[F. No.349/74/2017-GST(Pt.)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
New Delhi, the 30th October, 2017
Notification No. 54 /2017 – Central Tax: Seeks to amend Notification no. 30/2017-Central Tax dated 11.09.2017 so as to extend the due date for filing FORM GSTR-2 and FORM GSTR-3 for the month of July, 2017
GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]
G.S.R. (E). In exercise of the powers conferred by the first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner hereby makes the following amendments in the notification number 30/2017-Central Tax, dated the 11th September, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i), vide number G.S.R. 1144 (E), dated the 11th September, 2017, namely:-
in the table,
- against Sl. No. 2, in column (4), for the words, figures and letters “Up to 31st October, 2017”, the words, figures and letters “Up to 30th November, 2017” shall be substituted.
- against Sl. No. 3, in column (4), for the words, figures and letters “Up to 10th November, 2017”, the words, figures and letters “Up to 11th December, 2017” shall be substituted.
(Dr. Sree Parvathy S.L.)
Under Secretary to
Government of India
📚 Frequently Asked Questions (FAQs): Notification No. 54/2017 – Central Tax
Q1: What is Notification No. 54/2017 – Central Tax?
Answer:
Notification No. 54/2017 – Central Tax extended the due dates for filing GSTR-2 and GSTR-3 for July 2017.
Q2: Which notification was amended by this notification?
Answer:
It amended Notification No. 30/2017 – Central Tax dated 11 September 2017.
Q3: What is the revised due date for GSTR-2 for July 2017?
Answer:
The revised due date was 30 November 2017.
Q4: What is the revised due date for GSTR-3 for July 2017?
Answer:
The revised due date was 11 December 2017.
Q5: Which sections of the CGST Act authorize this notification?
Answer:
The notification was issued under:
Section 38(2)
Section 39(6)
Section 168
Q6: What information is reported in GSTR-2?
Answer:
GSTR-2 includes purchase invoices, input tax credit eligibility, and supplier invoice verification.
Q7: What information is reported in GSTR-3?
Answer:
GSTR-3 provides a consolidated summary of tax liability, ITC claimed, and net GST payable.
Q8: Is GSTR-2 currently required to be filed?
Answer:
No. The government has currently suspended GSTR-2 and replaced it with simplified return mechanisms.
Q9: Why were GSTR-2 and GSTR-3 deadlines extended?
Answer:
The deadlines were extended due to technical glitches in the GST portal and complexities in invoice matching.
Q10: Can businesses revise GSTR-2 after filing?
Answer:
Corrections could be made before final submission of GSTR-3.
Q11: What happens if GST returns are not filed on time?
Answer:
Late filing may result in late fees, penalties, and interest charges.
You can file GST returns easily through Finodha:
https://finodha.in/gst-return-filing/
Q12: How can businesses ensure accurate GST compliance?
Answer:
Businesses should maintain proper accounting records and consult GST professionals.
Finodha provides GST compliance support:
https://finodha.in/gst-compliance/
Q13: Do businesses need GST registration before filing returns?
Answer:
Yes. Only registered GST taxpayers can file GST returns.
Register here:
https://finodha.in/online-gst-registration/
Q14: What is invoice matching in GST?
Answer:
Invoice matching ensures that purchase invoices claimed by buyers match the sales invoices reported by suppliers.
Q15: Why is Notification No. 54/2017 important?
Answer:
It helped taxpayers adjust to the new GST return system by providing additional time to file GSTR-2 and GSTR-3 for July 2017.
Conclusion
Notification No. 54/2017 – Central Tax played an important role in easing GST compliance during the early implementation phase.
By extending the due dates for GSTR-2 and GSTR-3 for July 2017, the government allowed taxpayers more time to reconcile invoices and comply with GST regulations.
Businesses should always stay updated with GST notifications and file returns on time to avoid penalties.
Download PDF: Notification No. 54/2017 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
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