Revised Due Dates under Income Tax & GST
Considering the hardships faced by taxpayers due to the outbreak of Novel Corona Virus {COVID-19}. The Government of India has notified various due dates for the following statutory compliances relating to Income Tax & GST. Announcement for the due date extension was made on the official Twitter handle of Income-tax India & CBIC_India by issuing a press release on 30th Dec 2020. Notification for the same is yet to be issued.
Revised Due Dates for Income Tax for AY 2020-21 (FY 2019-20)
Compliance | Financial Year | Original Due Date | New Due Date |
| Original return (Non- Audit cases) | 2019-20 | 31.07.2020 | |
Original Return (Audit cases) | 2019-20 | 31.10.2020 | 15.02.2021 |
| Tax Audit and other reports | 2019-20 | 30.09.2020 | 15.01.2021 |
Original Return of partner (whose Firm is liable for Audit) | 2019-20 | 31.10.2020 | 15.02.2021 |
| Original Return (Where Transfer Pricing Applicable) | 2019-20 | 30.11.2020 | 15.02.2021 |
Vivad Se Vishwas Scheme (Without payment of Additional Interest) | – | 31.03.2020 | 31.03.2021 |
Note: Interest u/s 234A shall be charged from the date of the original due date of return if the tax liability exceeds Rs. 1 Lakh. It means that if the tax liability is not more than 1 Lakh, then no interest u/s 234A shall be levied.
Note 2: – Declaration for ‘Vivad se Vishwas Scheme’ has to be filed by 31st January 2021.
Revised Due Dates for Goods & Service Tax
| Particulars | Revised Date |
| GST Annual Return for FY 2018-19 (GSTR 9, 9A, 9B and 9C) | 31st Dec 2020 |
| GST Annual Return for FY 2019-20 (GSTR 9, 9A, 9B and 9C) | 28th Feb 2021 |
Note: Late fees applicable if GST Annual Returns are not furnished within the due date.
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