Please Subscribe to get access to one of our early bird packs. 24.10.2020: Considering the constraints faced by the taxpayers due to Kovid-19, CBDT further extends the due dates for various compliance of FY 2019-2020. Follow us on Telegram, GST Returns Date Extension or No Extension . Under the current scenario of COVID-19, GST due dates have been extending from time to time, for which the government has issued the respective notification. OTV News also shares fake news: CBIC denies extension: A fake tweet is circulating regarding extension of date for GST return filing. ... Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ... Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ... Aequs Aerospace to create space for large-scale manufacture of toys at Koppal. 5 Crore, GST Return Due Date for Composition Taxpayers, GST Return Due Date for Non-Resident Foreign Taxpayers, GST Return Due Date for Input Service Distributors (ISD), GST Return Due Date for Tax Deducted at Source to be filed by Tax Deductor, GST Return Due Date for E-Commerce Operator registered under GST liable to TCS, Current GST Due Dates for the Month of February 2021, e-Invoicing under GST: Peace of Mind towards GST Compliance, GST Audit: Turnover Limit For GSTR 9C for FY 2019-20, GST Annual Return- Turnover Limit For GSTR 9 for FY 2019-20, GST Due Date Extension Notification for Form GSTR 3B and waiver of late fees for delay in furnishing form GS, Difference between GSTR 4 and GSTR 9A- Composition dealer, GSTR 4 Annual Return- Meaning and its Applicability for Composition Taxpayers, What is GST Input Tax credit -ITC with example and rules, Incorporation of Limited Liability Partnership, Udyam Registration | MSME Registration Online, Section 206CCA: Higher Rate of TCS for non-filers of Income Tax Return, Section 206AB: Higher Rate of TDS for non-filers of Income Tax Return, 3rd Quarter- October 2020 to December 2020, Taxpayers having an aggregate turnover of more than Rs. Here in this post, we are providing you the updated GST due dates for 2020 as well as its notification. The government is yet to specify the framework of its recently announced old vehicle scrappage policy, With initial public offerings galore, we give you a cheat sheet to score some good grades. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article. Copyright © 2021, THG PUBLISHING PVT LTD. 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RailTel IPO- Dates, Price, Analysis, Faqs, etc. The Supreme Court has made it clear that the deadline for submitting GST annual return forms — GSTR 9 and GSTR 9C — will not be extended.GSTR 9 is … India: Extension In Due Dates For Various Filings Under Income Tax And Goods And Services Tax (GST) For AY 2020-21 (FY 2019-20) 05 January 2021 . I started my blog as my dream project to help others to get knowledge with my content. It may be noted that filing of Annual Return (FORM GSTR-9/ GSTR-9A) for 2018-19 is optional for taxpayers who had aggregate turnover below ₹2 crore. 5 Crore. Therefore, now those taxpayers who have not yet filed their GST annual returns can file it, within the next two months. * Group A- Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Daman & Diu and Dadra & Nagar Haveli, Puducherry, Andaman, and Nicobar Islands, Lakshadweep. Padma Shri awardee Ramachandra Pulavar — the 12th generation exponent of Tholpavakoothu in his family — on ... Against considerable odds, Drishyam 2 delivers a story that’s just as good as — if not better than — the ... Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes, A peek into where ad spends went last year and where they are headed tomorrow. Due Date of ITR for FY 2019-20 (AY 20-21)- Deadline Extended, Section 44ADA of Income Tax Act- Presumptive Scheme for professionals, Procedure for registration u/s 12A, 12AA, and 80G, Know the difference between FY and AY under Income Tax Act, Section 194P provide relief to senior citizen from filing of Income Tax Return. There have been demands to extend the date for two reasons: first, the pandemic and second, the due date for annual returns for FY19 is December 31. You may refer to your acknowledgement page for payment details after you have e-Filed. The returns filing is witnessing drastic increase in last 3 days. @nsitharamanoffc @ianuragthakur @FinMinIndia Tax audit extension, These demands mainly pertain to the deadlines under the Income Tax Act for AY 2020-21, and those under the GST Act for FY 2018-19 and 2019-20. The tweet stated that last date for furnishing of annual return in form GSTR-9, GSTR-9A and reconciliation statement in form GSTR-9C for the financial year 2017-18 has been extended from 31st January, 2020 to February 14, 2020. Filing deadlines extended for (i) Individual Income Tax, (ii) GST returns for accounting period ending Mar 2020, (iii) Estimated Chargeable Income (ECI) for companies with Financial Year ending Jan 2020, (iv) Income Tax for trusts, clubs and associationsOne-month extension of submission deadlines for (i) S45 Withholding Tax Forms due in April 2020 and (ii) tax … However, there is no late fee on IGST yet. Always remember the caption “You never lose, either you win it or learn it “ She added that companies which have less than Rs 5 crore turnover will not have to pay interest, late fee or penalty. 5 Crore, GST Due Date for GSTR 3B- Turnover above Rs. Earlier, GST taxpayers were to file required returns by August 31. There are mainly two annual returns GSTR 9 and 9C. “It is common knowledge that the pandemic has brought the day to day businesses and … CBIC has extended the due date for filing GST annual and reconciliation form for FY 2019-20 till 28th February 2021. Your email address will not be published. Get Full Digital Access To The Hindu BusinessLine, The Hindu, Frontline, Sportstar, Crossword+, Epaper replica of The Hindu and The Hindu BusinessLine in ONE SINGLE DISCOUNTED PRICE! Apart from gaining knowledge through our articles section, we work as your virtual assistant by providing useful links for payment of taxes and for sites and various forms in excel and pdf format. Save my name, email, and website in this browser for the next time I comment. With reference to above it is respectfully submitted on behalf of tax payers of the country that due to ongoing Covid-19 pandemic it is still not possible for the tax payers to comply in short Gap of the due date under the Direct tax, specially the due dates for GST annual returns and audit for the Financial year 2019-20, As the due date of Income tax return for Tax payers, who are partner or proprietor in Audited firm was 15th feb 2021, … Rajasthan has sought extension of the Goods and Services Tax (GST) compensation payable to the States by five more years, from June 2022 … Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? Read GST Returns Due Dates Extension; Income Tax calculation formula in Excel; Latest News on Tax Audit Due Date . The government on Monday extended by 2 months the due date for filing of annual GST returns for 2019-20 by composition dealers to October 31. In this post, we will look into the new Central Board of Indirect Taxes and Customs (CBIC) press release published on 30th September 2020 about the extension given to implement GST e-invoice. Must Read- Difference between GSTR 4 and GSTR 9A- Composition dealer, GST Due Date Extension Notification for Form GSTR 1 (Quarterly Filing) 3rd Quarter, Also, Read- GSTR 4 Annual Return- Meaning and its Applicability for Composition Taxpayers, GST Due Date Extension Notification For GSTR 4 Composition Taxpayers, Must Read- What is GST Input Tax credit -ITC with example and rules, Here is the due date of GST Annual Return 9, 9A and 9C for the financial year 2018-19, GST Due Date Extension Notification For GSTR Form 9 and 9C for Financial Year 2018-19. GSTR 8, GSTR 9, GSTR 9A, GSTR 9C, etc. Last date of GSTR-9/9C, ITR and Tax Audit is 31 December 2020, which is very difficult ot comply together between pandamic and Kisan Andolan. It is an information-sharing platform where our team of authors, writers, tax experts make an article on various topics for the purpose of educating the users about the taxation system in India. This is subject to a maximum of 0.25 per cent of the taxpayer’s turnover in the relevant state or union territory. Everyone is expecting for date extension but will it be extended ? You have reached your weekly free article limit. The CA bodies have been requesting extension of deadlines from time to time. 31.10.2020: The government has once again extended the GSTR 9 & 9C Filing date from 31st October to 31st December 2020. The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28 and the due date of filing of income tax returns of assessment year 2020-21 in audit cases to March, 31, 2021, as per a PTI report. And it has every reason to smile. Thus, the total liability is ₹200 per day of default. The late fees for not filing the GSTR 9 within the due date is ₹100 per day, per act. 5 cr filing of GSTR-9C is optional.”. GSTR-9 is the annual return to be filed by every GST registered taxpayer irrespective of their turnover. However, the CBIC clarified that the tweet is fake and there is no extension in due date for filing of returns. GSTR 1, GSTR 3B, GSTR 4, GSTR 5, GSTR 6, GSTR 7. The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021. The last date to file the return is August 31. 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