Ministry of finance enlists all the tax compliance extensions granted as covid relief measure

The Ministry of Finance has issued tax exemption to ameliorate stress due to COVID-19 through press release dated 19 July 2021. The press release states that the Government has extended various key tax compliance deadlines
due to impact of COVID-19 pandemic. The detail of these extended timelines are as follows:

  1. Time limit for passing or orders and issuance of notice by the Adjudicating Authority under the Prohibition of Benami Property Transaction Act, 1988 which was required to be passed/issued by 30.06.2021 has been extended to 30.09.2021.
  2. The time limit for uploading of the declarations for non-deduction of TDS received from recipients in form No. 15G/15H during the quarter ending 30.06.2021, which was required to be uploaded by 15.07.2021 has been extended to 31.08.2021.
  3. For almost all the provisions of Act, any time limit for completion or compliance of any action, by any authority or by any person, under the CGST Act, which falls during the period from the 20.03.2020 to the 30.08.2020, was extended up to the 31.08.2020.
  4. 5% cap on availment of Input Tax Credit in FORM GSTR-3B in terms of the provision of Rule 36(4) of CGST Rules, 2017 to be made applicable on cumulative basis for period of April, May and June, 2021 in the return for tax period June, 2021 or the quarter ending in June, 2021.
  5. The filing of GSTR-3B and GSTR-1/ IFF by companies using electronic verification code has been enabled for the period from the 27.04.2021 to 31.08.2021.
  6. The due date of furnishing the ITRs for the Financial Year 2020-21 (relevant to the Assessment Year 2021-22) which were required to be furnished under sub-section (1) of section 139 of the Act by: 31.07.2021 has been extended to 30.09.2021, 31.10.2021 has been extended to 30.11.2021, 30.11.2021 has been extended to 31.12.2021.

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