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Deadline gets extended by 15 days to fill GST

BNE ADMIN


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New Delhi, (PTI): Deadline for filing monthly GST sales returns gets extended by 15 days till 26th June, says Govt on Monday.

On May 28, the GST Council, chaired by the Union Finance Minister and comprising state counterparts,  had decided to extend certain compliance relaxations on account of COVID-19.

Various relaxations extended by the Council, were listed out in twitter by the Central Board of Indirect Taxes and Customs (CBIC)

For the month of May 2021, the due date for furnishing details of outward supplies in Form GSTR-1 is extended by 15 days. CBIC said.

Businesses file GSTR-1, giving details of supplies made during the month, by the 11th day of the subsequent month.

"Due date for furnishing annual return in Form GSTR-4 for FY 2020-21 to be extended to July 31, 2021," CBIC said, adding relevant notifications to give effect to these relaxations would be issued in due course.

For payment of Goods and Services Tax (GST), Form GSTR-3B is filed by businesses in a staggered manner between 20th-24th day of the succeeding month.

Also, taxpayers who are registered under the Companies Act have been permitted to furnish GST returns by using Electronic Verification Code (EVC) instead of Digital Signature Certificate (DSC) till August 31, 2021.

Source: PTI

BNE ADMIN