GSTR-3B Deadline Extended for Deepavali
Why in the news
The Central Board of Indirect Taxes and Customs (CBIC) notified a longer deadline for the GSTR-3B return for some taxpayers because of the Deepavali festival.
Key facts
- Authority: CBIC, through a notification.
- Return: GSTR-3B, the monthly summary return under GST.
- Who benefits: taxpayers registered in particular states and Union Territories where festivities may hinder timely filing.
About GSTR-3B
| Point | Detail |
|---|---|
| Nature | Monthly self-declaration by registered GST taxpayers |
| Reports | Outward and inward supplies, input tax credit (ITC) and tax liability |
| Frequency | Monthly for regular taxpayers |
| Purpose | Timely tax payment and accurate reporting under GST |
Exam angle
- Issuing body: CBIC.
- Return type: monthly summary return.
- Item reported includes input tax credit.