MM TAX CLUB

In a recent update, the Central Board of Indirect Taxes and Customs (CBIC) has announced extensions for the due dates of GSTR-1 and GSTR-3B filings for the tax period of December 2024. The move comes as a relief for taxpayers and businesses, ensuring smoother compliance with GST regulations.

Key Highlights of the Notifications

1. Extension of GSTR-3B Filing (Notification No. 02/2025):

   • The due date for furnishing GSTR-3B for monthly filers has been extended to 22nd January 2025.
   • For quarterly filers (under QRMP scheme), the extended due dates are:
     • 24th January 2025 for taxpayers in specific states like Maharashtra, Gujarat, Karnataka, and others.
     • 26th January 2025 for taxpayers in states like Uttar Pradesh, Bihar, West Bengal, and the northeastern region.

2. Extension of GSTR-1 Filing (Notification No. 01/2025):

   • The deadline for filing GSTR-1 for monthly filers is now 13th January 2025.
   • For quarterly filers, the due date for the period October to December 2024 is extended to 15th January 2025.

Why the Extension?

This decision by the GST Council and CBIC aims to provide businesses with adequate time to reconcile their data and ensure accurate filings. It also helps address operational challenges faced by taxpayers during the year-end.

Compliance Reminder

Taxpayers are encouraged to utilize this extended timeline effectively and avoid last-minute filings to prevent system overload and penalties.

For detailed information, refer to the official notifications No. 01/2025 and No. 02/2025.

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