The GST Council has extended the deadlines for tax officials to recover outstanding dues for financial years 2019 and 2020. This provides tax authorities with additional time to manage recovery processes and address tax discrepancies. The new deadlines are April 30, 2024, for FY19 dues and August 31, 2024, for FY20 dues, offering a more systematic approach to tax assessment.
GST Council Grants Extension for Tax Recovery Deadlines: FY19 and FY20 Dues
In a recent development, the Goods and Services Tax (GST) Council has taken a significant step by extending the deadline for tax officials to pursue and recover outstanding tax dues from businesses for the financial years 2019 (FY19) and 2020 (FY20). This decision, communicated through an official order from the Central Board of Indirect Taxes and Customs (CBIC), is aimed at providing additional time to both central a
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FAQ :
The deadline for recovering FY19 GST dues has been extended to April 30, 2024.
The deadline for recovering FY20 GST dues has been extended to August 31, 2024.
The extension aims to provide tax officials with additional time to address backlogs in tax recovery processes and manage increasing caseloads.
No, this extension does not apply to cases involving fraud, wilful misstatement, or suppression of facts.
Ordinarily, the time limit for recovering GST dues is three years from the date of filing GST annual returns.