CA. Nilesh S. Vikamsey
President
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up by an Act of Parliament)
23rd October, 2017
ICAI/DTC/2017-18/Rep-31
Shri Arun Jaitley,
Hon’ble Finance Minister,
Ministry of Finance,
Government of India,
North Block,
New Delhi -110 001.
Hon’ble Sir,
Sub: Request to extend the due date of filing Income-tax returns for assessees mentioned under clause (a) of Explanation 2 to Section 139(1) and Tax Audit report u/s 44AB for the AY 2017-18 from 31st October, 2017 to 30th November, 2017
At the outset, we thank you for accepting our suggestion for extending the ‘due-date’ for filing Income Tax Returns and various reports of audit from 30th September, 2017 to 31st October, 2017 vide our representation No. ICAI/DTC/2017-18/Rep-24, dated 29.8.2017 (copy attached). The said extension was made so as to allow sufficient time to the assessees’ and tax professionals, who are required to make first time compliances in view of the fact that the Goods and Services Tax (‘GST’) has come into effect on 1-7-2017.
In this regard, we wish to inform you that members and assessees are still grappling with the complexities of first time GST compliance and the first time compliances required to be made due to implementation of Income Computation and Disclosure Standards (ICDSs) as stated below:
1. First time GST compliance :
The various compliances which are required to be made in the months of October and November due to the newly enacted GST law are given in the following table:
| Return | Tax period | Due Date |
| GSTR-6 | July, 2017 | 13th Oct,2017 |
| GSTR-4 | July-September 2017 | 18th Oct,2017 |
| GSTR 3B | September, 2017 | 20th Oct,2017 |
| GSTR-2 | July, 2017 | 31st Oct,2017 |
| Form TRANS 1 | July, 2017 | 31st Oct,2017 |
| GSTR-3 | July, 2017 | 10th Nov,2017 |
| GSTR 3B | October, 2017 | 20th Nov,2017 |
Further, as per press release dated 6th October, 2017 the last date for filing the FORM GSTR-4 return under composition scheme for the quarter July-September, 2017 has been extended to 15.11.2017. Also, the last date for filing the return in FORM GSTR-6 return by an input service distributor for the months of July, August and September, 2017 has been extended to 15.11.2017.
The filing of such GST returns is being done for the first time. The GST law is new and hardly any lime has been given after enactment to absorb, assimilate and implement the new law, it is consuming a lot of time of the members in comprehending and ensuring compliance with the new law. Also, the technology issues has resulted in loss of innumerable man hours of assesses and professionals impacting all other work.
2. First time reporting requirements due to applicability of newly notified Income Computation and Disclosure Standards (ICDSs).
The amended From No 3CD has substituted sub-clause (d) of clause 13 with new sub-clauses (d), (e) and (f) requiring reporting of the adjustments and disclosures mandated as per the newly notified Income Computation and Disclosure Standards (ICDSs). In addition to this, reporting the net effect on the income due to application of ICDS has to be done for the first time in the ITR forms notified tor the AY 2017-18 under ‘Schedule ICDS – Effect of Income Computation Disclosure Standards on profit’.
As the reporting in respect of ICDS in Form No. 3CD and ITR Forms is being done for the first time, there are lot of nuances or the new reporting requirements imposed due to implementation of ICDSs. As a result, members and assessees require some more time for the said reporting.
In view of the above, our members are voicing their apprehensions regarding the limitations of time available for conducting tax audit and filing Returns of Income by October 31, 2017 for AY 2017-18.
Suggestion:
Institute believes that the members of the profession have to continuously maintain and strive to enhance the standard of services provided by them, which includes the quality of audit conducted by them. Conducting the tax audit in an effective manner is therefore necessary to ensure that there is no loss to the Revenue. In view of above and our earlier submissions made vide the attached representation, it is once again requested that the last date of completion of tax audit and filing of tax audit report and income-tax returns, which has been extended to October 31, 2017 may be further extended to November 30, 2017.
Thanking you,
Yours faithfully,
(CA. Nilesh S.Vikamsey)
End: As above
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Due Date of Filling Income Tax Return U/s 44ab has been extended upto 7th November .
कमर सीधी मत करो काम पे जुट जाओ।
Agreji Hukumat Sebhi Kharab Halat He
Koi Sun Hi Nahi Raha
Ye Arun Jetly BJP Ko Dubakehi Chodege
PLEASE EXTEND THE DATE -REASON THE SITE IS NOT WORRKING AND HELPLESS TO DOWN LOAD
SITE JAM HAI KOI SUNANE WALA HAI KYA
Hello its GST KE PRESSURE ME TO SAB KAM KA PLANNING HI BEKAR HO GAYA , AUR HUM PROFESSIONAL KA BHI TO KAM KARNE KI EK HAD HOTI HAI , AGAR DATE EXTENSION NA KIYA TO YEH SARASAR NAINSAF HOGA HUM LOGO KE LIYE
SIR SHOUD BE EXTEND
A good Govt. should consider people’s request particularly professional body of ICAI. This decision shows Govt. approach to people.
AB KI BAAR DOOR SE NAMASKAR MODI SAHAB KO , GALTI SE BHI MISTAKE NAHI HOGA MODI GOVT KO LAAKE.
HARISH SHETTY
IS SE YE TAY HOTA HAI KI ICAI AND AIFTF KI CBDT AUR GOVT KE HISAB SE KOI KIMMAT NAHI HAI……….
Let’s united and send a strong massage that we are over burdened and the government imposing and increasing paper work day by day. File a collective petition before the court so as to compel government against their adamant and arbitrary attitude towards business community as well as professionals, accountants, advocates and Tax Practitioners. I condemned the attitude who is not listening the woos of the community at large.
once again requesting sir please extend up to 15-11-2017
Sir
Please extend the time it will allow more tax will remitted to government
Most of our client still want remit taxes and holddays last two-day of bank effected us the remit the taxes tax become more pressure on both us and also the assessee
Kindly do the needful to the extend the time for the certern period of time it will more easier to remit taxes it good revenue to the government
Please treat has request. We believed in every aspects and decision s taken by government rather other did. You have dgreat work in GST
ICAI President, Sir, Please use your power and do something in connection with further due date extension, either client to small accountant, accountant to CA, CA to Advocate, all relation will change in to bad relation with each together, Cause is only extension of due date. please solve. only 10 hours remain.
It could be better if the notification comes early so as to increase the quality of audit and to reduce the stress.
DUE TO GST AND DUE TO DIWALI EMPLOYEES AND ACCOUNTANTS ARE BUSY IN WORKING.. AND UNDERSTANDING NEW WORKING IN GST TO TALLY THIS CREATE NOT UPDATION OF AUDIT WORK FOR 2016-17 UP-TO DATE.. KIND ATTENTION REQUIRES FOR EXTENTION OF DATE TO AT LEAST 20 NOV 2017.
dear sir please extend the Tax Audit Date 30.11.2017
ICAI DUE DATE EXTENSION KE LIYE HIGH COURT KYO NAHI JAA RAHI ?
no extension declared, no value for ICAI’s request
To facilitate trade, last date for filing GSTR – 2 , GSTR – 3 for July 2017 and TRANS 1 is extended to 30th Nov & 11th Dec 2017 respectively
Govt ki is hathdharmita ke virudh ICAI ko Hight court jana chahiye .vahi ek rashta bacha hai due date extension ka.
OUR GOV IS ACTING LIKE GANDHI JI KE 3 BANDAR
NA KUCH SUNO
NA KUCH DEKHO
NA KUCH BOLO
Historic Decision “DEMONITISATION’
HISTORIC TAX ‘ GST’
HISTORIC LISTENING – NOT LISTEN TO OTHER – NO CHANGE FOR TAX AUDIT REPORT DATE
PLEASE EXTEND THE DATE UPTO 30TH NOVEMBER-2017 , PLEASE PLZ………………..
Dear Arunji,
Please Extend Due Date of Tax Audit..
Pl extend due date
Thanks for requesting tax audit due date extension.
pls tax audit extend kijiye gst ki vajay se hamne tax audit par dhyan nahi diya aur gst ki tension mein tax audit par concentrate nahi kar pa rahe hai pls. sir tax audit ki date 15 days ke liye extend kijiye
thanks
Please Do Fast
Pl. extend due date.
ThankS to ICAI for requesting extention of Tax Audit Due Date 30-11-2017
Thankful to ICAI for requesting extention of Tax Audit Due Date
Sir
We r thankful but please extend the date for filing to 30.11.17.
Thanks President Nilesh bhai for voicing clearly the voice of professionals in a logical manner in your well drafted letter.
Govt should weigh all the aspects and should act positively as a responsible body has put up the matter.
The silence of govt creating a kind of anarchy and citizen should feel that they are being heard.
let the logic prevails.
hm taxguru se request krte hai ki pls hon`ble fm ya cbdt se confirm kr leb extension hona hai ya nahi
FM is in relax mood and busy in taking award.where 87% of tax professional are in depression and are keeping eye on date extension but i don’t know for what they are waiting to make early decision and notification.whether decision will come after few more life of CA’s or they want huze penalty.
Guys lets request for extension for due date on his ( Arun Jaitley) Facebook Page..
He will Definitely read that.
Face book #ArunJaitley.
Mr F.m. pl extend date from 31/10/17 to 30/11/17.business men are very much in pressure.
Dear Sir Please extend the due date of Tax audit for the AY 2017-18. We all are too requesting to the govt please extend the of tax audit due date till Nov 30.only we are having 2 days more how we can complete.
We hope to better consider to our request.
request to icai president please tell weather sbdt assures or not for extention
Kindly extend the tax audit date
we thankful to ICAI for requesting extension of Tax Audit Due Date .
we thankful to ICAI for requesting extension of Tax Audit Due Date. Extension will helpful for CA’s and Tax Consultants as well as Business men.
Finance ministry should clarify whether extension is their or not.
RESPECTED F.M.
SIR PLEASE TIMELY ANNOUNCE KAR DIJIYE. HUM LOG BAHUT PRESSURE ME KAAM KAR RAHE HAI.GST ACT KI WAJAH SE BAHUT TIME WASTE HO GAYA HAI SIR PLEASE HELP.
kam karte krte halat kharab ho gai he pl. new dt.
koi extension nahi hoga cbdt ko kisi ki parwah nahi jab ICAI JAISE INSTITUTE KI REQUEST NAHI MANTI TO FIR AURO KI KYA SUNEGE, ABHI TAK TO GST RETURN HI CLEAR NAHI HUA
Ache Din Aane Wali Hai……………………….LO AA GAI ACHE DIN
Khamosh “yeh prajatantra hai” kewal raja hi praja se man ki baat jab, jahan kar sakta hai” khabardar.
please Tell Something
Whether Extension For Filing Tax Audit will be Given or Not