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CBIC clarifies on extension of timelines for various compliances under GST
This Tax Alert summarizes recent summarizes a recent press release[1] issued by Central Board of Indirect Taxes and Customs (CBIC) clarifying doubts regarding extension of timelines for various compliances under Goods and Services Tax (GST).
Vide Notification[2] dated 28 September 2022, CBIC had notified various amendments under GST carried out by the Finance Act 2022, effective from 1 October 2022. These included change in timelines for various compliances relating to availment of input tax credit, disclosure of credit note, rectification/ omissions in GSTR-1, GSTR-3B and return of tax collected at source, from the due date for filing September return to 30 November of the following financial year (FY).
In this regard, CBIC has clarified the following doubts regarding the changes made to timelines:
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Particulars |
Clarification |
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Is the extension applicable for compliances pertaining to FY 2021-22? |
Yes, the extended timelines apply to compliances pertaining to FY 2021-22. |
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Whether the timelines stand extended to the date of furnishing of return / statement for the month of November or upto 30 November? |
The compliances in respect of a FY can be carried out in the return / statement furnished upto 30 November of the following FY or furnishing of annual return whichever is earlier. |
It is further clarified that the said Notification has not extended the due dates for filing return/statement for the month of October or for September quarter.