Extension of GSTR-1 Filing Deadline for Large Taxpayers

Extended Timeline: Registered persons with turnover exceeding 1.5 crore rupees can now submit GSTR-1 for July to September 2019 by the 11th of the following month.

Legal Authority: Extension granted under the second proviso to section 37(1) read with section 168 of the CGST Act, 2017.

Council Recommendation: Decision made based on recommendations from the GST Council.

Government Notification: Issued by the Commissioner, Ministry of Finance, Government of India.

Future Notifications: Time limit for filing details or returns for the same period under sections 38(2) and 39(1) will be notified separately.

Compliance Relief: Provides additional time for large taxpayers to meet reporting obligations. Importance: Ensures smoother GST compliance for businesses with higher turnover, facilitating accurate tax reporting.