GSTR 3B deadline has been extended in these states only

Deadline for filing GSTR 3B extended for taxpayers in these poll bound states

The deadline for filing GSTR 3B has now been extended by one day to November 21, 2024 for GST registered taxpayers who have their 'principal place of business' in poll bound states of Maharashtra and Jharkhand.

Central Board of Indirect Taxes and Customs (CBIC) said on X (formerly Twitter) on November 18, 2024: The polling for the legislative assembly elections in States of Maharashtra and Jharkhand is scheduled to be held on 20.11.2024, which is also the due date of filing GSTR-3B return for the month of October 2024. This maycause difficulty to the taxpayers of these States in finding time for exercising their right to vote for the election. Considering the same, the Government, with the approval of GST Implementation Committee (GIC), has decided to extend the due date of filing of FORM GSTR-3B for the month of October 2024 for the registered persons having their principal place of business in the said States from 2O.11.2024 to 21.11.2024. Notification to this effect will be issued in due course."

Do all GST taxpayers of Maharashtra and Jharkhand get the extension for filing GSTR 3B?

Only those GST taxpayers who have 'principal place of business' is in Maharashtra and Jharkhand can only file GSTR 3B without paying any late fee by on or before November 21, 2024.

Principal place of business means that the address which is stated as the registered office of the GST registered entity. "The principal place of business has been defined under the GST Act to mean the place mentioned in the GST Registration as the principal place of business. In short, it has not been defined to the extent of clarifying what it means. However, one can, in layman's terms, interpret it as the place where the main operations are carried out. The above extension is for those taxpayers who have taken out GST registration in Maharashtra and Jharkhand state," says Apoorv Phillips, Senior Associate, Sirmacs Consultancy Services (Law Firm).

Chartered Accountant Bimal Jain says that the penalty for filing GSTR 3B late is Rs 100 per day subject to maximum Rs 5000. However, if a taxpayer wants to claim any pending input tax credit for FY 2023-24 then he/she needs to file GSTR 3B by on or before the deadline- November 30, 2024.

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Chartered Accountant Akhil Pachori explains "GSTR 3B is a reconciliation form which shows the final calculation of tax liability i.e. adjusts input tax credit with output tax credit. If the taxpayer has any pending tax liability and it is not settled, then penal interest at 18% rate is applied. So now taxpayers in Maharashtra and Jharkhand can save one day's late fee and penal interest since the deadline to file GSTR-3B is extended by one day."

According to a frequently asked question (FAQ) by CBIC, "Filing of Form GSTR-3B is mandatory for all normal and casual taxpayers, even if there is no business in that particular tax period. System generated Form GSTR-3B will be generated and will be available on their GSTR-3B dashboard page on the basis of Form GSTR-1 or Form GSTR-2B (monthly or quarterly frequency), after Form GSTR-1 has been filed by taxpayer and/or Form GSTR-2B has been generated."