Notification No. 70/2018 – Central Tax Explained

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

Notification No. 70/2018 – Central Tax: Seeks to extend the time limit for furnishing the return in FORM GSTR-3B for the newly migrated taxpayers.

[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 section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, the Commissioner, on the recommendations of the Council, hereby makes the following further amendments in notification No. 34/2018 – Central Tax, dated the 10^th August, 2018, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i) vide number G.S.R.761(E), dated the 10th August, 2018, namely:–

In the said notification, in the first paragraph, in the third proviso, for the words, figures and letters “July, 2017 to November, 2018” and “31^st day of December, 2018”, the words, figures and letters “July, 2017 to February, 2019”and “31^st day of March, 2019” shall be respectively substituted.

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

Note:- The principal notification No. 34/2018-Central Tax dated the 10^th August, 2018 was published in the Gazette of India, Extraordinary vide number G.S.R. 761(E), dated the 10th August, 2018 and was last amended by notification No. 62/2018-Central Tax, dated the 29^th November, 2018, published in the Gazette of India, Extraordinary, vide number G.S.R. 1146(E), dated the 29^th November, 2018.

📚 Frequently Asked Questions (FAQs): Notification No. 70/2018 – Central Tax

Q1: What is Notification No. 70/2018 – Central Tax?

Answer:
It extends the time limit for filing GSTR-3B for newly migrated taxpayers.

Q2: Which taxpayers are covered?

Answer:
Taxpayers who migrated from earlier tax systems like VAT, Service Tax, or Excise into GST.

Q3: What period is covered under this extension?

Answer:
From July 2017 to February 2019. 70

Q4: What is the final deadline after this notification?

Answer:
31 March 2019. 70

Q5: Which earlier notification was amended?

Answer:
Notification No. 34/2018 – Central Tax. 70

Q6: Which rule governs GSTR-3B filing?

Answer:
Rule 61(5) of the CGST Rules governs GSTR-3B filing. 70

Q7: Does this extension apply to all taxpayers?

Answer:
No. It applies only to newly migrated taxpayers.

Q8: Does this notification reduce late fees?

Answer:
No. It only extends the filing deadline.

Q9: Is GSTR-3B mandatory even if there are no transactions?

Answer:
Yes. Nil returns must also be filed.

Q10: What happens if GSTR-3B is not filed?

Answer:
Possible consequences include:
Late fees
Interest
Notices
Registration cancellation

Q11: Does this extension apply to GSTR-1?

Answer:
No. It applies only to FORM GSTR-3B.

Q12: Can taxpayers file old returns after this deadline?

Answer:
Only if further extensions or relief schemes are announced.

Q13: How does delayed GSTR-3B affect business operations?

Answer:
It may lead to:
Late fees
ITC blockage
E-way bill restrictions
Compliance notices

Q14: How can businesses avoid such compliance issues?

Answer:
File returns regularly
Maintain proper accounting records
Track GST deadlines

Q15: How can Finodha help migrated taxpayers?

Answer:
Finodha provides:
✔ GST registration
✔ GSTR-3B filing
✔ Compliance advisory
✔ Notice handling
👉 https://finodha.in/gst-compliance/
👉 https://finodha.in/setup-business/