The Central Board of Indirect Taxes and Customs (CBIC) has provided major relief to taxpayers. The CBIC on Saturday stated that it has submitted the annual return (Form GSTR-9 / GSTR-9A) and the last date for filing the reconsideration request (Form GSTR-9C) for the financial year 2018-19 from October 31, 2020 to December 31, 2020. It has been decided to carry forward. CBIC gave this information in a tweet.
It has been decided to extend the due date for filing Annual Return (FORM GSTR-9 / GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31st October 2020 to 31st December 2020: Central Board of Indirect Taxes and Customs (CBIC)
The Central Board of Direct Taxes (CBDT) said in another tweet, ‘By extending the due date for submission of income tax returns for other taxpayers [for which the due date (before extension by the said notification) was July 31, 2020] as per the Act] December 31, 2020.
The due date for furnishing of income tax returns for the other taxpayers [for whom the due date (ie before the extension by the said notification) as per the Act was 31 July, 2020] has been extended to 31 December 2020: Central Board of Direct Taxes (CBDT)
Date for furnishing audit reports incl tax audit report & report in respect of international / specified domestic transaction extended to 31 December 2020. Date for payment of self-assessment tax for those with self-assessment tax liability of upto Rs.1 lakh extended to 31 Jan 2021: CBDT
The CBDT said in a second tweet, ‘The due date for submission of income tax returns (including their partners) for taxpayers who are required to get their accounts audited [for which the due date (before extension by new notification) of the Income Tax Act According to it is 31 October 2020] is increased to 31 January 2021.
In another tweet, CBDT said, “The date for submission of audit reports has been extended to 31 December 2020, including tax audit reports and reports regarding international or specified domestic transactions.” The date of payment of self assessment tax for those with self assessment tax liability up to Rs 1 lakh has been extended till 31 January 2021.