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Extension of Due Dates for ITR, Tax Audit Report, and GST Annual Return for AY 2020-21 requested by Professionals and Taxpayers

Shweta 
Updated on 31 December 2020

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Update:

The Finance Ministry has extended the due dates for filing Income Tax Returns, Tax Audit Reports, and GST Compliances. The updated due dates are as follows:

1. INCOME TAX RETURN (For taxpayers who are required to get their accounts audited) - 15th February 2021

2. INCOME TAX RETURN (For taxpayers who are not required to get their accounts audited) - 10th January 2021

3. TAX AUDIT REPORTS - 15th January 2021

4. GST ANNUAL RETURN (FY 19-20) - 28th February 2021

To read the official announcement, click here

It is now universally acknowledged that the upheaval caused by the COVID-19 pandemic has been unprecedented and still raging. Owing to the pandemic, the Central Government has overtime extended the due dates for various compliances. However, with the due dates of GST Annual Return, Tax Audit Report, Transfer Pricing Audit, Income Tax Return, and various other Audit Reports approaching, numerous problems are still being faced by professionals. Due to this, there has been an increasing demand to extend the due dates for various compliances.

Let's have a look at the current compliance dates, and the extension demanded-

Extension of Due Dates for ITR, Tax Audit Report, and GST Annual Return for AY 2020-21 requested by

Particulars

Current Due Date

Proposed Due Date

Tax Audit Report

31st December 2020

28th February 2021

Transfer Pricing Audit Return

31st December 2020

28th February 2021

Income Tax Returns (ITRs) for AY 2020-21 

31st December 2020

28th February 2021

Income Tax Returns (Tax Audit) for AY 2020-21

31st January 2021

31st March 2021

Furnishing of declaration under Vivad Se Vishwas Act, 2020

31st December 2021

15th March 2021

GSTR-9, 9A, and 9C for FY 2018-19

31st December 2020

31st March 2021

GSTR-9, 9A, and 9C for FY 2019-20

31st December 2020

30th June 2021

Holding of AGM by companies for the financial year 2019-20 ended on 31.3.2020

31st December 2020

31st March 2021

Of late, numerous organizations have also come forward and requested Finance Minister Smt. Nirmala Sitharaman for an extension of various due date compliances. Certain new developments have accentuated this.

1. Firstly, the emergence of a new strain of the coronavirus spreading in the UK and elsewhere has added to the uncertainty and hardships people are already facing. Though the new strain is yet to be seen in the country, there are increasing apprehensions about its possible effects, particularly its impact on professionals. It is likely that people's work capacity, and in this case, Chartered Accountants, Tax Advocates, Tax Practitioners, and Article Assistants, etc, will be affected.

2. Another reason why numerous entities have been demanding the extension is due to the ongoing protests staged by the farmers in the country. Sections of the Delhi border adjoining Uttar Pradesh and Haryana have been sealed due to the protests. This has adversely impacted the working capacity of tax and accounting professionals.

3. It is also to be noted that the Maharashtra government has imposed a night curfew till January 5 in major cities, including the financial capital Mumbai. A similar curfew has also been in place at Bhilwara and other cities. This too is expected to hinder the working of tax officials, especially with the due dates coming near.

In addition to all these, there are other reasons behind the appeal to extend the due dates. You can read them over here.

 

Let us have a detailed look at the demands of various associations. These demands mainly pertain to the deadlines under the Income Tax Act for AY 2020-21, and those under the GST Act for FY 2018-19 and 2019-20.

 

Sr. No.

Request Made By

Date of Request

Requested Date

1.o:p>

Western Maharashtra Tax Practitioners' Association

9th  Dec 2020

Tax Audit Report: 28th February 2021

ITR: 31st March 2021

2.

Gujarat Sales Tax Bar Association

12th Dec 2020

GSTR-9, 9A, 9C (FY 2019-20): 30th June 2021

3.

Chamber Of Tax Consultants

12th Dec 2020

TTax Audit, Transfer Pricing Audit: 28th February 2021

ITR: 31st March 2021

4.

Tax Practitioners' Association, Indore

12th Dec 2020

Tax Audit, Transfer Pricing Audit, Income Tax Return: 28th February 2021

ITR (Tax Audit): 31st March 2021

5.

AGFTC, ITBC, and CAA

14th Dec 2020

Tax Audit Report, ITR (Tax Audit): 31st March 2021

6.

Bombay Chartered Accountants' Society, Lucknow Chartered Accountants Society, Chartered Accountants Association (Ahmedabad), Chartered Accountants Association (Surat), and Karnataka State Chartered Accountants Association

15th Dec 2020

ITR, ITR (Tax Audit), TAR, Transfer Pricing Audit: 31st March 2021

GSTR-9, 9C (FY 2018-19, 2019-20): 31st March 2021

7.

Tax Bar Association, Bhilwara

15th Dec 2020

TAR: 28th February 2021

ITR: 31st March 2021

8.

Direct Taxes Professionals' Association

15th Dec 2020

TAR, ITR: 31st March 2021

AGM of Companies: 31st March 2021

Declaration under Vivad Se Vishwas Scheme: 15th March 2021

9.

CA Social Affiliation (CASA)

15th Dec 2020

TAR, Transfer Pricing Audit: 28th February 2021

ITR: 31st March 2021 (for all assessee)

10.

Association of Tax Payers & Professional, Agra

15th Dec 2020

GSTR-9: 31st January 2021

GSTR-9A, 9C: 31st March 2021

11.

Lucknow CA Tax Practitioners Association

16th Dec 2020

TAR: 28th February 2021

ITR for AY 2019-20: 31st January 2021

ITR (all assessee) for AY 2020-21: 31st March 2021

12.

Jamshedpur Chartered Accountants Society

16th Dec 2020

TAR, ITR: 31st March 2021

13

Emerging Businesses Chamber Of Commerce

17th Dec 2020

Tax Audit Report, TP Audit: 28th February 2021

ITR: 28th Feb 2021

ITR (Tax Audit): 31st March 2021

14.

Chartered Accountants Association, Jalandhar

19th Dec 2020

TAR: 28th February 2021

ITR: 31st January 2021

ITR (Tax Audit): 31st March 2021

15.

All India Federation of Tax Practitioners (CZ)

19th Dec 2020

TAR, ITR: 28th February 2021

ITR (Tax Audit): 31st March 2021

Vivad Se Vishwas Scheme: 31st January 2021

16.

Vyyapaar Mandal Association, Nagore & All India MSME and Tax Practitioners Association

19th Dec 2020

ITR, Tax Audit, GSTR Annual Returns: 31st March 2021

17.

Uttar Pradesh Tax Bar Association

 

ITR, TAR: 31st March 2021

18.

Tax Bar Association Guwahati

19th Dec 2020

TAR: 28th February 2021

ITR:  31st March 2021 (for all assessee)

19.

Tax Bar Association Guwahati

21st Dec 2020

GSTR-9, 9C (FY 2018-19): 31st march 2021

GGSTR-9, 9C (FY 2019-20): 30th June 2021


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