The government extends the last date to file the annual GST statement for fiscal year 19 for 3 months until September
NEW DELHI: The government has extended the latest date to file the annual GST statement for fiscal year 2018-19 in three months until September 2020.
In another move favorable to trade, the Central Board of Indirect Taxes and Customs (CBIC) has also extended the validity of electronic invoices that were generated on or before March 24, and expired between March 20 and April 15. 2020.
A notice has been issued to extend the time limit for filing the annual return (goods and services tax) and the reconciliation statement for the 2018-19 fiscal year until September 30, 2020, CBIC said in a tweet. .
EY's fiscal partner Abhishek Jain said: “With most of the country under blockade or partial closure, it would have been difficult for the industry to meet the end-June schedule. The extension provides much-needed relief to the industry and demonstrates the accommodative stance of the government.
On March 25, a national blockade was imposed to contain the spread of the coronavirus, which has now been extended to May 17.
Last month, CBIC had extended the validity of electronic invoices generated on or before March 24, and expired between March 20 and April 15, through April 30.
In view of the extension of the blockade and to help the industry that has goods stuck in transit, the validity has been extended until May 31.