Due Date Extension Under GST and Income Tax

GST (Goods and Service Tax)

1. Due date of GSTR-9 ( Annual Return) & GSTR-9C (Reconciliation Statement) for Financial year 2018-19 has been extended to 31st December 2020.

Income Tax

1. The due date for furnishing of Income Tax Returns for the Non-Audit category taxpayers has been extended to 31st December, 2020.
2. The due date for furnishing of Tax Audit Report for the taxpayers (including their partners) who are required to get their accounts audited has been extended to 31st december 2020. The due date for furnishing of Income Tax Returns for such taxpayers has been extended to 31st January, 2021.
3. The due date for furnishing of Tax Audit Report for the taxpayers who are required to furnish report in respect of international/specified domestic transactions has been extended to 31st december 2020. The due date for furnishing of Income Tax Returns for such taxpayers has been extended to 31st January, 2021.

Note: The interest u/s 234A (interest for delayed filing of ITR on self-assessed tax) shall be leviable from original due date if amount of self-assessment tax is greater than 1 lakh Rupees.

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