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Extended Due Dates for Income Tax Act & Goods And Service Tax (GST) Act
Central Board of Direct Taxes and Indirect Taxes have issued notification on 1st May, 2021 under Income Tax Act and Goods and Service Tax act to implement certain relief measures to the tax payers in view of the 2nd wave of COVID 19.
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Extended Due Dates for Taxpayers under Income Tax Act, 1961
| Sr. No | Particular | Original Date | Extended Due Date |
| 01. | Filing Belated Returns of Income u/s 139(4) for AY 2020-21 | 31.03.2021 | 31.05.2021 |
| 02. | Filling of SFT (Form No 61) | 30.04.2021 | 31.05.2021 |
| 03. | Return filed in response to notice u/s 148 | 01.04.2021 or thereafter | 31.05.2021 or as allowed under that |
| 04. | Filing Appeal to CIT(Appeals) Under chapter XX of the Act | As above | notice which Ever is later |
| 05. | Objection to dispute Resolution Panel u/s 144 | As above | As above |
| 06. | Payments of TDS deducted u/s 194IA, 194IB and 194M and filing Of challan cum statement | 30.04.2021 | 31.05.2021 |
| 07. | Payment of the amount payable Under Direct Tax Vivad se Vishwas | 30.04.2021 | 30.06.2021 |
Extended Due Dates for Department under Income Tax Act, 1961
| Sr. No | Particular | Original Date | Extended Due Date |
| 01. | Time limit for passing of any order For assessment or reassessment under The Income Tax Act 1961 the time limit For which is provided u/s 153 or 153B | 30.04.2021 | 30.06.2021 |
| 02. | Time limit for passing an order consequent To direction of DRP u/s 144C(13) of Act | 30.04.2021 | 30.06.2021 |
| 03. | Time limit for issuance of notice u/s 148 of the Act for reopening the escaped Income assessment | 30.04.2021 | 30.06.2021 |
| 04. | Time limit for sending intimation of Processing of Equalization Levy u/s 168(1) of the Finance Act 2016 | 30.04.2021 | 30.06.2021 |
GSTR – 3B: Waiver of late fees:
| Sr. No. | Aggregate Turnover preceding F.Y. | Period of Relief | Original Due Date | Revised Due Dates |
| 01. | Monthly Return Scheme | |||
| More than Rs. 5 Crore | March’21 | 20.04.2021 | 05.05.2021 | |
| April’21 | 20.05.2021 | 04.06.2021 | ||
| Less than Rs. 5 Crore | March’21 | 22.04.2021 | 20.05.2021 | |
| April’21 | 22.05.2021 | 19.06.2021 | ||
| 02. | Quarterly return Scheme | Quarter | ||
| (Less than Rs. 5 Crore) | ended March | 22.04.2021 | 22.05.2021 |
Reduced Interest for delayed payment
| S. N. | Aggregate Turn over in F.Y. | Period of Relief | Delay from Due date | ||
| Delay in Days | First 15 Days | Next 15 Days | There after | ||
| (1) | Monthly Return Scheme | ||||
| (a) More than Rs. 5 Crore | March | 9% | 18% | 18% | |
| (b) Less than Rs. 5 Crore | April’21 | NIL | 9% | 18% | |
| (2) | Quarterly Return Scheme (Less than Rs. 5 Crore) | ||||
| (a) Return Filling | Quarter Ended March | NIL | 9% | 18% | |
| (b) PMT 09 | April’21 | NIL | 9% | 18% | |
| (3) | Composition Scheme | Quarter ended | NIL | 18% | |
| (Less than Rs. 1.5 Crore) | March’21 | NIL | 9% | 18% | |
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