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CBIC urges taxpayers to file their monthly GST returns for May by 20th June as delay would lead to a late fee and interest liability

The tax authority specifically reminded taxpayers who have not subscribed to the quarterly return filing scheme as well as online service providers to file their monthly tax return.

In its compliance improvement drive, CBIC has also reminded providers of certain online services to file their GST 5A returns by 20 June. This applies to a category of services provided through internet without any physical interface. Downloading an e-book online for a payment falls in this category.

CBIC has also told non-resident taxpayers to file their GST 5 return by the same due date. In all the categories, late fee and interest liability will arise on delayed filing.

The indirect tax authority has been reaching out to taxpayers and tax professionals through social media to improve compliance and to address any glitches they encounter in filing. The improvement in GST filings have also helped in direct tax collections as the indirect tax system has led to greater transparency in transactions.

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