Newly extended time limits till 30th November of next Financial Year

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Last updated: 30 September 2022

Quick Summary
A recent notification has extended certain tax time limits to 30th November of the next Financial Year. However, there's some confusion about whether this applies to FY 2021-22. Businesses are awaiting clarification from the CBIC, especially with the September 2022 due date drawing near.

Newly extended time limits till 30th Nov of next Financial Year

APPLICABILITY OF EXTENDED TIMELINE FOR FY 2021-22

Notification No. 18/2022 - Central Tax, dated 28 Sept 2022, is effective from 01st Oct 2022, there is ambiguity over the applicability of the same to FY 2021-22, an immediate clarification from CBIC in this regard is awaited considering the fast-approaching due date for Sept 2022 month
 

 
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Nilesh Mahajan

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