Seeks to extend the due date for furnishing FORM GSTR-1 for the month of December, 2024 and the quarter of October to December, 2024, as the case may be
- Amendment to Notification: This notification amends an earlier notification (No. 83/2020-Central Tax) regarding the filing of GSTR-1.
- Extension of Time Limit: The key change is the extension of the time limit for furnishing details of outward supplies in GSTR-1 for specific tax periods.
- Applicable Tax Periods:
- December 2024: For taxpayers required to file returns under Section 39(1) of the CGST Act, the deadline for filing GSTR-1 for December 2024 is extended to January 13, 2025.
- October-December 2024: For taxpayers required to file quarterly returns under the proviso to Section 39(1) of the CGST Act (i.e., those with a turnover below Rs. 5 crores), the deadline for filing GSTR-1 for the period October-December 2024 is extended to January 15, 2025.
- Legal Basis: This amendment is made under the powers conferred by Section 37 read with Section 168 of the CGST Act, which allows for the Commissioner to extend time limits for furnishing returns.
In essence: This notification provides a temporary extension to the GSTR-1 filing deadline for specific tax periods to accommodate taxpayers.