GST DATE EXTENSION CLARIFICATION BY CBIC I NEW PRESS RELEASE I CA SATBIR SINGH

GST DATE EXTENSION CLARIFICATION BY CBIC for extension of date till 30th november in next finanical year for varuous complaince https://www.taxheal.com/cbic-clarific... Vide Notification No. 18/2022-Central Tax dated 28.09.2022, the Central Government has appointed 01.10.2022 as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the Finance Act, 2022 shall come into force. Thereby, the time limit for the following compliances in respect of a particular financial year has been extended and fixed as 30th November of the next financial year, or furnishing of the relevant annual return, whichever is earlier: Doubts have been raised whether the said extended timelines are applicable in respect of compliances for FY 2022-23 onwards or whether the same are also applicable to the compliances for FY 2021-22. Doubts have also been raised whether the timelines for the said compliances stand extended to the date of filing/ furnishing of the return/ statementfor the month of November 2022 or the said compliances can be carried out in a return or the statement filed/ furnished upto 30th November 2022. In this regard, it is clarified that the extended timelines for compliances listed in para 2 are applicable to the compliances for FY 2021-22 onwards. It is further clarified that the said compliances in respect of a financial year can be carried out in the relevant return or the statement filed/ furnished upto 30th November of the next financial year, or the date of furnishing annual return for the said financial year, which ever is earlier. It is also clarified that no extension of due date of filing monthly return/ statement for the month of October (due in November) or the due date of filing quarterly return/ statement for the quarter ending September has been made vide the amendments in CGST Act, 2017 notified through Notification No. 18/2022-Central Tax dated 28.09.2022. Download CBIC Clarification regarding time limit for certain compliances in GST Download GST and Income Tax Judgments https://taxheal.stores.instamojo.com/ Reverse Charge Mechanism under GST by CA Satbir Singh https://amzn.to/38WE1nP Join Tax Heal Youtube Channel    / @taxheal3683   Join Membership and Get GST Online Course , Exclusive Videos and Posts for Members only    / @casatbirsingh   Join Telegram CA satbir singh Taxheal https://t.me/casatbirsingh Members Only Video Playlist    • Members Video   TaxHeal Mobile App Download GST TAx and GST Daily updates on Mobile: https://play.google.com/store/apps/de... Subscribe Taxheal by Email and Get Tax and GST updates on Mobile : https://feedburner.google.com/fb/a/ma... Conact us /for Sponsorships and collaborations please write to us at [email protected] GST Videos for :- _____________ All Videos on GST News:    • GST News   DISCLAIMER *** This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.