GST Return Deadline Extended: Due to the GST portal being down on January 10, apart from filling the GSTR-1 form, many other works of the traders were stopped.
GST Return Deadline Extended: Traders who could not file GST returns due to technical glitches in the GST portal need not worry now. The Central Board of Indirect Taxes (CBIC) has extended the deadline for filling the GSTR-1 form till January 13. CBIC has given this information by posting on X late in the evening. As soon as this information was received from the post on X, there was a wave of happiness among the scared traders who could not file the return till now. During the day, CBIC had informed through a social media post that the GST portal is facing technical problems.
Efforts are being made to fix it. We hope that it will start working again after 12 o’clock. However, during the day itself, it was told through a post on X that the extension of the deadline is being considered. Along with extending the deadline to fill the GSTR-1 form from October 2024 to December 2024 till January 13, the deadline for taxpayers paying tax under the QRMP scheme has been extended to January 15.
The deadline was also extended for this reason
The deadline to file the GSTR-1 form was earlier kept till January 11. The main reason behind extending the deadline is technical hurdles, but it has also been kept in mind that January 11 is Saturday. Which is not a working day for multinational companies.
This loss would have happened due to not extending the deadline
Due to the GST portal being down on January 10, apart from filling the GSTR-1 form, other works of the businessmen were also stopped. Works like getting information of previous data and responding to government notices could not be done. If this deadline was not extended, GSTR-2B could not be made without filling the GSTR-1 form. Without this, businessmen would not have been able to get input tax credit. Without GSTR-2B, businessmen would have had to pay all the GST tax dues in cash. This could have affected the cash flow of businessmen. This could have caused a lot of problems for companies that avail input credit in large amounts.
