• twitter-icon
Unlimited Tax Return Filing


Covid-19: CBIC Extended Due Date of GST Annual Returns, Income Tax Audit & Non-audit Cases

According to the assessee, the government has prolonged the deadlines for the income tax goods and services tax along with Vivad se Vishwas direct tax conflict intention policy with context to the view of the challenges which is raised because of Covid-19 pandemic.

New Due Date for Income Tax, Vivad Se Vishwas Scheme and GSTR 9, 9C Filing

“Considering the problems being faced by the taxpayers, it has been decided to provide further time to the taxpayers…. to comply (with tax due dates) says the council.

The last date for filing the income tax return Get all due dates of income tax return and payment of advance taxes for FY 2018-19 (AY 2019-20). We update the last date as per the IT department notifications through the assessee is been prolonged to Jan 10, 2021, from Dec 31, 2020, for the FY 2019-20. The last date for furnishing the ITR to the businesses is prolonged through 15 days to Feb 15, 2021, for FY 20.

28 Feb is the prolonged due date for furnishing the yearly return below the central goods and services tax for FY 20. But there will be no prolongation for the financial year 2019 in context to the yearly returns.

Under Vivad Se Vishwas Scheme Know about the tax dispute settlement scheme (Vivad se Vishwas Bill) under the IT act. Under this scheme, taxpayers can settle all disputes before the end of 31st March 2020 the government has also prolonged the declaration window by a month to Jan 31. More than 45.4 million tax returns for 2019-20 fiscal have been filed till December 29 by the income tax council.

In the wake of obstacles seen by the assessee in meeting the law compliance as of covid-19 eruption, the council has to bring the taxation and other regulations relaxation of certain provision ordinance 2020 on 31st March 2020 where inter alia, prolonged several time threshold. The ordinance has been interchanged through the taxation and other laws relaxation and amendment of particular provisions law.

Read Also: Current GST Return Due Dates for GSTR 1 GSTR 3B to GSTR 9 & 9C View the due dates of GST return filing forms of GSTR 1, GSTR 3B, GSTR 4, GSTR 5, GSTR 6, GSTR 9, GSTR 9C, etc. The dates are according to the Indian Govt announcement

Taking consideration the government has decided to give some more time for filing the income tax returns, tax audit reports, and declaration below Vivad se Vishwas policy. Moreover, in order to give more time to the assessee to follow several ongoing proceedings, the dates of end of proceedings below several Taxes and Benami acts have also been prolonged.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
SAGINFOTECH PRODUCTS

Leave a comment

Your email address will not be published. Required fields are marked *

Follow Us on Google News

Google News

Latest Posts

New Offer for Tax Experts

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Best Offer for Tax Professionals

Upto 20% Discount on Tax Software

    Select Product*