Extension of time limits of certain compliances under Income Tax Laws as notified by CBDT on 20.05.2021

 The CBDT keeping in view to provide relief to taxpayers in view of the severe pandemic and in exercise of its power under Income Tax Act provides following relaxations:

S.N.	Particulars	Extended Due Date	Original Due Date
1	Due Date for TDS Quarterly Return for FY2020-2021 / Quarter 4	30th Jun 2021	31st May 2021
2	TDS Certificates to be issued by Deductor to Deductee	15th Jun 2021	15th July 2021
3	Due Date for filing of Income Tax Return for Assessment Year 2021-2022 for Non Audit Cases	30th Sept 2021	31st July 2021
4	Due Date for filing of Audit Report for Assessment Year 2021-2022	31st Oct 2021	30th Sept 2021
5	Due Date for filing of Income Tax Return for Assessment Year 2021-2022 for Tax Audit Cases	30th Nov 2021	31st Oct 2021
6	Due Date for filing of CA report in Transfer Pricing Cases (TP Report) for the financial year 2020-2021	30th Nov 2021	31st Oct 2021
7	Due Date for filing of Income Tax Return for Assessment Year 2021-2022 for TP Report Cases	31st Dec 2021	30th Nov 2021
8	** Last date for filing of Income Tax return beyond due date or to revise the original income tax return (Belated or Revise Return) (No ITR can be filing for assessment year 2021-2022 after this date)	31st Jan 2021	31st Dec 2021
9	Statement of Financial Transactions (SFT) for the financial year 2020-2021	30th Jun 2021	31st May 2021
10	Due Date for filing of Statement of Deduction of Tax from contributions paid by the Trustees of an approved superannuation fund for financial year 2020-2021	30th Jun 2021	31st May 2021
11	Due Date for filing of Statement of income paid or credited by an investment fund to its unit holder in Form 64D for the financial year 2020-2021	30th Jun 2021	15th Jun 2021
12	Due Date for filing of Statement of income paid or credited by an investment fund to its unit holder in Form 64C for the financial year 2020-2021	15th Jul 2021	30th Jun 2021
13	Statement of reportable account for Calendar year 2020 under rule 114G	30th Jun 2021	31st May 2021

Source: CBDT Circular No. 9 of 2021 dated 20/05/2021

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Goods and Service Tax Update : Various relaxation in Late Fee for GST returns and Interest on delay payment of taxes

 

 Various relaxation in Late Fee for GST returns and Interest on delay payment of taxes

GST Returns	Tax Period	Original Date		Due date of Payment of tax along with applicable Interest Rate				GST return due date with NIL Penalties
		GST return	Payment of Taxes	Due date with no Interest	Due date with 9% interest	Due date with 18% Interest
GSTR 3B: Having aggregate turnover of more than 5 Crores during preceding year	March, 2021	20 April, 2021	20 April, 2021	Up to 20 April 2021	Between 21 April 2021 to 5 May 2021	From 6 May 2021 and onwards	5 May 2021
	April, 2021	20 May, 2021	20 May, 2021	Up to 20 May 2021	Between 21 May 2021 to 4 June 2021	From 5 June 2021 and onwards	4 June 2021
GSTR 3B: Aggregate turnover of upto 5 Crores during preceding year and who has opted for monthly filing of return under QRMP	March, 2021	20 April, 2021	20 April, 2021	Up to 5 May 2021	Between 06 May 2021 to 20 May 2021	From 21 May 2021 and  onwards	20 May 2021
	April, 2021	20th May, 2021	20th May, 2021	Up to 4 June 2021	Between 05 June 2021 to 19 June 2021	From 20 June 2021 and  onwards	19 May 2021
GSTR 3B: Aggregate turnover of upto 5 Crores during preceding year and who has opted for Quarterly filing of return under QRMP (category X states/UT*)	March, 2021	22 April, 2021	22 April, 2021	Up to 7 May 2021	Between 08 May 2021 to 22 May 2021	From 23 May 2021 and  onwards	22 May 2021
	April, 2021	NA	25 May, 2021	Up to 9 June 2021	Between 10 June 2021 to 24 June 2021	From 25 June 2021 and  onwards	NA
GSTR 3B: Aggregate turnover of upto 5 Crores during preceding year and who has opted for Quarterly filing of return under QRMP (category Y states/UT**)	March, 2021	24 April, 2021	24 April, 2021	Up to 9 May 2021	Between 10 May 2021 to 24 May 2021	From 25 May 2021 and  onwards	24 May 2021
	April, 2021	NA	25 May, 2021	Up to 9 June 2021	Between 10 June 2021 to 24 June 2021	From 25 June 2021 and  onwards	NA
GST CMP-08: Taxpayer opted for Composition Scheme	January to March, 2021	18 April 2021	18 April 2021	3 May 2021	Between 4 May 2021 to 18 May 2021	From 19 May 2021 and onwards	18 May 2021
GSTR - 4 Annual Return for dealers opted for Composition Scheme for FY 2020-21	FY 2021-21	30 April 2021	NA	NA	NA	NA	31 May 2021
GST ITC-04: Return of Goods send and received from job worker for Q4 of FY 2020-21	FY 2021-21	25 April 2021	NA	NA	NA	NA	31 May 2021
GSTR-1: Details of outward supplies	April 2021	11 May 2021	NA	NA	NA	NA	26 May 2021
IFF Details: Details of B2B Supplies by dealers opted for Quarterly filing of return under QRMP	April 2021	13 May 2021	NA	NA	NA	NA	28 May 2021

ü  GSTR-3B for the month of May, 2021 shall be filed by considering the cumulative adjustment of ITC for the month of April and May, 2021.

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* Category X states-Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana and Andhra Pradesh, the Union territories of Daman and Diu, Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep

** Category Y States-Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi

 http://knaca.in/resource/Image/GST%20Update.pdf 

 

(Sources: GST/ CBIC Gst notifications 08/2021,  09/2021, 10/2021,  11/2021, 12/2021, 13/2021 all  dated 01.05.2021)