Advertisement

Updated May 6th, 2020 at 18:47 IST

Finance Ministry extends annual filing of GST till September 30 amid Coronavirus lockdown

In a major relief to businesses, the Centre on Wednesday, announced date of filing of annual GST returns for FY 2018-19 has been extended till September 30.

GST
| Image:self
Advertisement

In a major relief to businesses, the Centre on Wednesday, announced that the date of filing of annual GST returns for FY 2018-19 has been extended till September 30. The Ministry has also notified extending the validity of the e-way bill, expiring between March 20-April15, till May 31. This move was taken by the Central Board of Indirect Taxes and Customs (CBIC) on the late evening on Tuesday, notified via Gazette notification.

Delhi-ites flock to wine shops despite 70% tax hike; social distancing norms go for a toss

Here are the four changes in GST filing (as per notification):

  • The Board has permitted assesses to file annual return for fiscal year 2018-19 by September 30 as against earlier date of June 30. 
  • The Board has extended the validity of the government's e-Way bills for inter-State as well as intra-State trade which were generated  on or before March 24  and expiring between March 20- April 1, to May 31
  • The Board has allowed the e-filing of monthly return (GSTR3B) during the period from the April 21- June 30, 2020.
  • Registered persons who are corporate debtors undergoing Insolvency process are liable to take a new registration in each of the States or Union territories who were registered earlier, within thirty days of the appointment of the IRP/RP.

Govts imposing taxes in times of distress 'cruel' : Chidambaram

Data release of GST collection in April deferred

On May 2, the Centre deferred the release of April GST revenue collection data as the ongoing lockdown and extended return filing deadline led to lower mop-up during the month, sources said. The government had in March extended the deadline to file GST returns for entities with turnover of over Rs 5 crore by 15 days from the due date without payment of any late fee, interest and penalty. However, a reduced rate of 9 per cent interest was be levied if the return was filed after May 5 till June 30.

'Hike in fuel excise to result in $21 billion tax collection increase,' says Moody's

Government defers release of April GST collection data

Advertisement

Published May 6th, 2020 at 17:18 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Jailed Gangster Mukhtar Ansari Passes Away
12 minutes ago
Mukhtar Ansari Death
22 minutes ago
Chamkila
25 minutes ago
Lorry Crushes Car-Cleaner To Death In Telangana
30 minutes ago
Major League Cricket
30 minutes ago
Abhay Deol
31 minutes ago
delhi cm arvind kejriwal
33 minutes ago
MEA Responds To China’s Comment On Sikh Separatist Gurupatwant Singh Pannun
35 minutes ago
Riyan Parag
37 minutes ago
David Warner
38 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo