The Centre filed a miscellaneous application for a limited purpose seeking extension of time to ensure that the web portal is ready in all respects for implementation of the order passed by the Apex Court dated July 22. “It is an endeavour to ensure that the directions of this Court get implemented in toto, free from errors and with the best efforts,” the application said. Earlier, the Court ordered that the portal be opened for 60 days, from September 1 to October 31. Now, the application seeks direction to GSTN to open a window for 60 days between October 1 and December 31.

The application provided that various dates of every month are crucial for return filing and tax collection in the GST system. For example, 7-11 of every month is the peak filing period for form GSTR-1 (reporting form for invoices). Similarly, 12-14 of every month is GSTR-2B (ITC statement of the taxpayer) generation period, which is the facility for the taxpayer to see how much credit is available to him/her.

Further, 15-20 of every month is the peak filing period for GSTR-3B; 90-95 lakh returns are filed, and during these days about 90 per cent of monthly revenue of around ₹1.1-lakh crore is deposited by taxpayers. In quarterly filing months (end of each quarter of the financial year for small taxpayers), this peak filing period extends up to 24th due to separate date of return filing for them.

In view of the criticality of revenue collection, IT changes are avoided from 7-24 of every month. This leaves GSTN with a deployment window from the 25th of a month to the 6th of the next month in every cycle. With these arguments, the Centre has prayed for extension.

Source-https://www.thehindubusinessline.com/economy/centre-approaches-sc-for-additional-30-days-for-opening-special-window-for-transitional-credit-claim-under-gst/article65809841.ece