Monthly GST return filing deadline extended till June 26

The GST Council additionally permitted extending by three months until July 31 the due date for submitting annual returns for fiscal 2020-21 by composition sellers.

The federal government on Monday mentioned the deadline for submitting month-to-month GST gross sales returns for Could has been prolonged by 15 days until June 26.

The GST Council, chaired by the Union Finance Minister and comprising state counterparts, on Could 28 had determined to increase sure compliance relaxations on account of COVID-19. The Central Board of Oblique Taxes and Customs (CBIC) in a collection of tweets listed out the assorted relaxations prolonged by the Council.

The due date for furnishing particulars of outward provides in Type GSTR-1 for the month of Could 2021 is prolonged by 15 days. The prolonged due date is June 26, CBIC mentioned.

Companies file GSTR-1, giving particulars of provides made through the month, by the eleventh day of the next month. For cost of Items and Companies Tax (GST), Type GSTR-3B is filed by companies in a staggered method between Twentieth-Twenty fourth day of the succeeding month.

The GST Council additionally permitted extending by three months until July 31 the due date for submitting annual returns for fiscal 2020-21 by composition sellers.

“Due date for furnishing annual return in Type GSTR-4 for FY 2020-21 to be prolonged to July 31, 2021,” CBIC mentioned, including related notifications to present impact to those relaxations could be issued sooner or later.

Additionally, taxpayers who’re registered beneath the Firms Act have been permitted to furnish GST returns by utilizing Digital Verification Code (EVC) as an alternative of Digital Signature Certificates (DSC) until August 31, 2021.