Business
GSTR-3B Due Date: CA Body Urges Govt To Extend October 20 Deadline Due To Diwali Holiday
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GSTR-3B Due Date Extension: BCAS says the days leading up to October 19, a Sunday and part of the main Diwali festivities, are typically observed as public holidays across India.
As per the existing schedule, the GSTR-3B filing deadline falls on October 20, 2025, which coincides with the Diwali holiday.
GSTR-3B Due Date Extension News: The Bombay Chartered Accountant Society (BCAS) has urged the finance ministry to extend the due date for filing GSTR-3B returns for September 2025, citing a clash between the statutory compliance deadline and the Diwali holiday.
As per the existing schedule, the GSTR-3B filing deadline falls on October 20, 2025, which coincides with the Diwali holiday. BCAS pointed out that the days leading up to October 19, a Sunday and part of the main Diwali festivities, are typically observed as public holidays across India. This overlap, the society noted, leaves little time for professionals, accountants, and company staff to complete crucial filing processes.
In its representation dated October 8, 2025, BCAS said the shortened compliance window could make it difficult for taxpayers to meet statutory obligations on time. The society highlighted that preparation of Form GSTR-3B involves detailed reconciliation, verification of Input Tax Credit (ITC), and fund arrangements for tax payments — all of which require active coordination among teams that are unavailable during the festive week.
“Therefore, as a significant step towards ease of doing business, it is earnestly requested that the due date for filing GSTR-3B of September 2025 be extended. Granting this essential administrative relief will enable registered persons and tax practitioners to complete the necessary compliance procedures following the conclusion of the festival period, ensuring accurate and complete return filing and promoting adherence to the provisions of the CGST Act without penalising taxpayers for unavoidable circumstances,” BCAS said in its submission.
The society added that the festival-related holidays would hinder access to staff, support services, and banking facilities needed for return finalisation. It also clarified that Nil GSTR-3B returns – permitted only when there are no outward or inward supplies or liabilities for a given period – would not apply to most regular taxpayers for September, reinforcing the need for an operational compliance window beyond the Diwali holidays.
BCAS concluded that a short-term extension of the filing deadline would ease administrative pressure, prevent inadvertent non-compliance, and support the government’s broader goal of improving the ease of doing business.
What Is The Late Fees For GSTR-3B?
Late filing of GSTR-3B attracts a statutory late fee under the Goods and Services Tax (GST) framework. As per current rules, taxpayers who miss the due date are liable to pay Rs 50 per day (Rs 25 each for CGST and SGST) until the return is filed. However, if there is no tax liability for the month (i.e., a Nil return), the late fee is reduced to Rs 20 per day (Rs 10 each for CGST and SGST).
The late fee is calculated from the day after the due date until the actual filing date, subject to a maximum cap of Rs 5,000. In addition to the late fee, interest at 18% per annum is also charged on the outstanding tax amount for the delay period.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
October 18, 2025, 10:48 IST
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Gold is sold at a discount in Dubai due to Middle East conflict disrupting flights. Traders offer up to $30 per ounce less than London prices.
Dubai Gold Selling Cheaper As Iran War Grounds Flights
Gold is being sold at a discount in Dubai as the widening conflict in the Middle East disrupts flights and hampers the movement of bullion from one of the world’s key trading hubs.
According to a Bloomberg report, traders in Dubai are offering discounts of up to $30 per ounce compared to the global benchmark price in London. The unusual price cut comes as shipments remain stranded due to flight disruptions triggered by the escalating conflict involving Iran and Israel.
Dubai is a key global centre for refining and exporting gold to markets across Asia, including India. However, partial airspace restrictions and heightened security risks have slowed the movement of bullion out of the region.
Why Gold Is Being Sold Cheaper
Gold is typically transported in the cargo holds of passenger aircraft. With several flights from the UAE restricted amid regional tensions, traders are struggling to move bullion to international markets.
At the same time, insurance and freight costs have surged, making shipments more expensive and uncertain. Many buyers have therefore stepped back from placing new orders, unwilling to bear high logistics costs without assurance of timely delivery.
To avoid paying prolonged storage and financing costs while shipments remain stuck, some traders are offering gold at discounted prices.
Although transporting bullion by road to airports in neighbouring countries such as Saudi Arabia or Oman is theoretically possible, logistics firms are reluctant due to the risks and complications of moving high-value cargo across land borders during a conflict.
What It Means For India
India, one of the largest buyers of gold shipped from Dubai, could face short-term supply disruptions if the situation continues.
Renisha Chainani, head of research at Augmont Enterprises Ltd., said several cargo shipments have already been delayed, creating temporary tightness in the availability of physical bullion in India.
However, industry experts as reported by Bloomberg say the immediate impact may remain limited as domestic inventories are currently comfortable after heavy imports earlier this year.
Chirag Sheth, principal consultant for South Asia at Metals Focus, said Bloomberg that India has ample stocks for now, but warned that prolonged disruptions could eventually affect supply if the conflict continues for several months.
Meanwhile, global gold prices have surged this year amid geopolitical uncertainty, with spot gold recently trading above $5,000 per ounce.
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March 08, 2026, 10:03 IST
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Some seven in 10 British adults without a full driving licence say learning to drive is currently unaffordable, according to a survey.
The figure is even higher among younger people, with 76% of 18 to 29-year-olds without a licence saying driving lessons are financially out of reach, the poll for car insurer Prima found.
Overall, 38% said the cost of driving lessons was the biggest deterrent to learning to drive.
Some 32% were put off by the price of buying a car and 15% said the cost of car insurance was the main barrier to learning to drive.
Almost half (45%) said they would consider learning to drive if it became significantly cheaper.
Nick Ielpo, UK country manager at Prima, said: “For a growing number of people, driving is no longer a symbol of freedom – it’s a financial stretch too far.
“Between lessons, buying a car and insuring it, the upfront and ongoing costs are pricing many people out before they even start.”
Find Out Now surveyed 1,134 adults who do not hold a full driving licence between January 21 and 23.
Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6, confirming GST demand of Rs 154.80 crore levying penalty of Rs 15.48 crore and Interest u/s 50 of CGST Act, 2017 for the period July 2017 to March 2022, the insurer said in a regulatory filing. The company is in the process of evaluating the legal advice on the implications and would file an appeal, it said.
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