ICAI seeks extension of FY 18-19 GST annual return deadline by 3 months

The Institute of Chartered Accountants of India (ICAI) has written to the GST Council seeking deferment of 2018-19 GST annual return filing deadline by 3 months till 31st December 2020.

The last date for filing annual return for 2018-19 fiscal for Goods and Services Tax (GST) registered taxpayer is 30th September 2020.

In its representation to the GST Council, the ICAI said majority of the offices are working only partially due to the COVID-19 pandemic.

Thus , to provide appropriate relaxation to the registered persons and extend due dates of filing GST annual return and GST audit for the year 2018- 19 by 3 months till 31st December 2020. This would provide needed relaxation to the trade, in combating the circumstances arising out of coronavirus.

Under current scenario, where the industries are struggling, the focus has shifted to keep the operations running vis-a-vis meeting compliance deadlines. As such, this move of the ICAI, filing a representation seeking extension in the due dates for GST annual return and audit report by 3 months, will be much appreciated by the industry and if accepted by the government, it would provide the requisite breathing space to businesses.

 

 

 

Related posts

Clarification has been issued by GST department

Runita bezalwar

Ruling over GST on Rotary club membership fees

Runita bezalwar

Fake firms misused ₹1,500Cr worth gift cards

Runita bezalwar

Leave a Comment