News Karnataka
Saturday, November 27 2021

Economy

Govt extends deadline for availing GST amnesty scheme

New Delhi: The Finance Ministry has extended the last date to avail of the late fee amnesty scheme under the 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 the late fees 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 a 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, especially 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.

MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Leave a Reply

Your email address will not be published. Required fields are marked *

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.

error: Content is protected !!