Notification No. 58/2017 – Central Tax Explained

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 58/2017 – Central Tax: Seeks to extend the due dates for the furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than Rs.1.5 crores

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 second proviso to sub- section (1) of section 37 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the Act) and in supersession of notification No. 30/2017 – Central Tax dated the 11^th 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 11^th September, 2017, except as respects things done or omitted to be done before such supersession, the Commissioner, on the recommendations of the Council, hereby extends the time limit for furnishing the details of outward supplies in FORM GSTR-1 under sub-section (1) of section 37 of the Act for the months as specified in column (2) of the Table, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, till the time period as specified in the corresponding entry in column (3) of the said Table, namely:-

Table

Sl No.	Months for which the details in FORM GSTR-1 are furnished	Time period for furnishing the details in FORM GSTR-1
(1)	(2)	(3)
1	July - October, 2017	31^st December, 2017
2	November, 2017	10^th January, 2018
3	December, 2017	10^th February, 2018
4	January, 2018	10^th March, 2018
5	February, 2018	10^th April, 2018
6	March, 2018	10^th May, 2018

2. The extension of the time limit for furnishing the details or return, as the case may be, under sub-section (2) of section 38 and sub-section (1) of section 39 of the Act, for the months of July, 2017 to March, 2018 shall be subsequently notified in the Official Gazette.

(Dr. Sree Parvathy S.L.)
Under Secretary to the
Government of India

📚 Frequently Asked Questions (FAQs): Notification No. 58/2017 – Central Tax

Q1: What is Notification No. 58/2017 – Central Tax?

Answer:
Notification No. 58/2017 – Central Tax extended the due dates for filing FORM GSTR-1 for taxpayers with turnover exceeding ₹1.5 crore.

Q2: Which taxpayers are covered under Notification No. 58/2017?

Answer:
The notification applies to registered taxpayers whose aggregate turnover exceeds ₹1.5 crore in the current or previous financial year.

Q3: What is FORM GSTR-1?

Answer:
GSTR-1 is a GST return used to report details of outward supplies (sales) made by registered taxpayers.

Q4: Which section of GST law governs GSTR-1 filing?

Answer:
GSTR-1 filing is governed by Section 37 of the CGST Act, 2017.

Q5: What was the revised due date for July–October 2017 GSTR-1?

Answer:
The due date was extended to 31 December 2017.

Q6: Why did the government extend the due dates?

Answer:
The extension was granted due to technical issues on the GST portal and compliance challenges during the early GST implementation phase.

Q7: Is GSTR-1 mandatory for all GST taxpayers?

Answer:
Yes, all regular GST taxpayers must file GSTR-1 to report outward supplies.

Q8: What happens if GSTR-1 is not filed on time?

Answer:
Failure to file GSTR-1 may result in late fees, penalties, and GST notices.
You can file your GST returns easily through Finodha:
https://finodha.in/gst-return-filing/

Q9: Can businesses revise GSTR-1 after filing?

Answer:
GSTR-1 cannot be revised directly. Any corrections must be made in subsequent returns.

Q10: How does GSTR-1 affect Input Tax Credit?

Answer:
The buyer’s Input Tax Credit depends on the supplier’s GSTR-1 filing, as invoice details flow into GSTR-2A/2B.

Q11: What information is reported in GSTR-1?

Answer:
The return includes:
Sales invoices
Export details
Debit and credit notes
Tax collected

Q12: Do small businesses also file GSTR-1 monthly?

Answer:
Businesses with turnover below ₹1.5 crore may file GSTR-1 quarterly.

Q13: How can businesses ensure accurate GST compliance?

Answer:
Businesses should maintain proper accounting records and consult GST professionals when required.
Finodha offers expert GST compliance support:
https://finodha.in/gst-compliance/

Q14: Is GST registration required before filing GSTR-1?

Answer:
Yes. Only registered GST taxpayers can file GSTR-1.
Apply for GST registration here:
https://finodha.in/online-gst-registration/

Q15: Why is GSTR-1 important under GST?

Answer:
GSTR-1 ensures proper reporting of sales transactions, enabling accurate tax calculation and seamless input tax credit flow.

Conclusion

Notification No. 58/2017 – Central Tax played an important role in helping large taxpayers comply with GST return requirements during the early phase of GST implementation.

By extending the deadlines for filing FORM GSTR-1, the government reduced compliance pressure and allowed businesses to submit accurate data.

However, businesses should always maintain proper records and file GST returns on time to avoid penalties and ensure smooth compliance.