Thursday, 17 August 2017

GST Return : Date of 3B extended for Tran-1 Cases

Finally a Clarification by CBEC. Do not know why Tran - 1 has been made such a big issue, If you ask any IT/Software Guy about linking of Tran-1 and 3B (two data base), is it so complex, he will laugh ? Simple reason Govt want tax payers to pay more tax and avail Transitional ITC Later, this is same, you have enough money in your bank account still forced to make payment thru credit card and pay interest later.  Could not understand, why govt is so greedy ? It was said after demonetization rate of interest on loan will be reduced and loan will be made easily available to SMEs and startup, but did it happen ? Anyway, Who do not want to avail Transitional ITC or not applicable, in such cases due date to deposit tax and file return 3B is 20th August'2017. But who want to avail Transitional ITC, due date to deposit tax is 20th August'2017, but they can file Tran-1 and 3B by 28th August'2017.


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