As per the outcome of the recently held GST council meeting, it is stated that “The time period for filing GSTR-2 and GSTR-3 for the months of July, 2017 to March 2018 would be worked out by a Committee of Officers.”
Presently, there is no clarity among the industry, trade and professionals whether filing of GSTR 2 and 3 for financial year 2017-18 is merely postponed or whether it needs to be submitted at bulk for the entire financial year or whether the same is fully suspended for FY 2017-18.
Everyone is interpreting the above wordings of the press release in their own manner and multiple views are being expressed in this regard. Therefore, we urge government to immediately clarify their stand in respect of filing of GSTR 2 and GSTR 3 for the financial year 2017-18
Since, businesses also needs to plan their workings accordingly i.e. manner of organizing organizing of data, changes in existing software, procuring new software, training/ strengthening the in-house team, hiring of consultants/ outsourcing of GST work etc.