Income tax returns, same last date to file GST with audit, raised a demand

December 31 is that the last date for filing GST returns alongside Income tax returns and audits. In such a situation, it’s become difficult for tax advisors and taxpayers. Therefore, they need to seek to increase the date in order that they are often relieved.

The month of December is proving to be very busy for traders and tax advisors across the state including the capital Bhopal, because of the tax and tax returns and audit of the fiscal year 2019-20 alongside the assessment of the plain old VAT case 2017-18 and therefore the year 2018-19. The last date for presenting other returns of GST is 31 December, but about 1.25 lakh people are yet to be assessed within the state, which is difficult to finish within the next 13 days. If the return is additionally filed struggling, unnecessary demand will begin within the assessment cases, which can increase the additional burden on the taxpayers.

Demand to increase this era

Senior tax advisor Shashank Srivastava said that the last date for filing GST-1 monthly return of GST was December 11. By this era, merchants with an annual turnover of quite Rs 1.5 crore have filed returns. At an equivalent time, the last date of GSTR-3B is until 22 December. Alongside this, the last date for presenting other returns is till 31 December. This is often also the last date to file tax returns. This is often causing problems. In such a situation, it’s been demanded that the last date for filing the tax return and audit should be 31 March 2021. On the opposite hand, the date of filing of GST returns is 28 February 2021. If the department extends the dates, the taxpayers will get considerable relief. Presently, thanks to an equivalent deadline of more works, there’s a drag.