New Delhi, Aug 29 (SocialNews.XYZ) The Finance Ministry has extended the last date to avail of the late fee amnesty scheme under Goods and Services Act (GST), till November 30.
The scheme was due to expire on August 31.
The government had provided relief to the taxpayers by reducing or waiving late fee for non-furnishing form GSTR-3B for the tax periods from July 2017 to April 2021, if the returns for these tax periods are furnished between June 1 and August 31 this year.
Based on the multiple representations received, the government has also extended, to September 30, the timelines for filing of application for revocation of cancellation of registration, where the due date of filing of application for revocation of cancellation of registration falls between March 1, 2020 and August 31, 2021.
The filing of forms GSTR-3B and GSTR-1/IFF by companies using electronic verification code, instead of digital signature certificate has already been enabled for the period from April 27 to August 31. This has been further extended to October 31.
"The extension of the closing date of late fee amnesty scheme and extension of time limit for filing of application for revocation of cancellation of registration will benefit a large number of taxpayers, specially small taxpayers, who could not file their returns in time due to various reasons, mainly because of difficulties caused by Covid-19 pandemic, and whose registrations were cancelled due to the same," the ministry said in a statement.
Taxpayers are requested to avail the benefit of these extensions at the earliest to avoid last minute rush, it added.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
