Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 Here are 5 cash transactions that can attract income tax notice
 Income tax (15th Amendment) Rules, 2021
 All you need to know How to file ITR-1 Sahaj form online for AY 2021-22
 Now is the best time to start your tax-saving investments
 Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Mutual Fund Transactions by Registrar and Share Transfer Agent
 All you need to Know about Income Tax Compliance Relief Measures and Clarifications
 How to file belated Income Tax return for FY 2020, check here
 Format, Procedure and Guidelines for submission of Statement of Financial Transactions (SFT) for Depository Transactions
 GST return deadlines extended; late fee waived
 Government extends income tax, GST compliance timelines due to outbreak of second wave of COVID-19
 CBDT extends Time Limit for Income Tax Assessment
 10 Tax Reminders for you in Fiscal Year 2021-22
 Income-tax (11th Amendment) Rules, 2021
 Income tax slabs for AY 2021-22 under new and old tax regime
 Notification No. 35/2021 Central Board Of Direct Taxes

Government extends income tax, GST compliance timelines due to outbreak of second wave of COVID-19
May, 03rd 2021

The central government on May 2 extended the compliance timelines for income tax and goods and services tax, waived late fees, and also reduced the interest rates for GST assesses, due to the resurgence of the COVID-19 pandemic and the hardships it has caused.

The government's decision comes at a time when several parts of the country including Delhi, Mumbai, cities in Haryana, and Uttar Pradesh are facing a lockdown, and small and medium enterprises would get hit if compliance timelines were not extended.

 

The decision also comes after the ministry of finance had received multiple requests from the industry wanting tax compliance timelines to be pushed back by up to three months.

The Centre has waived off the late fee on delayed filing of monthly return GSTR-3B and tax payment for the months of March and April and also cut interest rate for late filers, the government said in a press release.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting