The
Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline
for filing monthly Goods and Services Tax (GST) sales returns for May by 15
days till June 26.
The
Board has extended the deadline to 26th June as per the decision taken by the
GST Council chaired by the Union Finance Minister and composed of state
counterparts, resolved to prolong some compliance relaxations due to COVID-19.
The
indirect tax body, in a series of posts on Twitter, on Monday, listed out
various relaxations that have been extended by the GST Council.
"The
due date for furnishing details of outward supplies in Form GSTR-1 for the
month of May 2021 is extended by 15 days. The extended due date is June
26," CBIC said.
Depending
on the type of business, all registered enterprises must file monthly,
quarterly, or annual GST returns. These GSTR filings are all done through the
GST portal.
Businesses
file GSTR-1, giving details of supplies made during the month, by the 11th day
of the subsequent month.
For
payment of GST, Form GSTR-3B is filed by businesses in a staggered manner
between 20th-24th day of the succeeding month.
The
GST Council also decided to extend the deadline for composition dealers to file
annual returns for fiscal 2020-21 by three months, till July 31.
"The deadline for filing an annual return in Form GSTR-4 for the fiscal year 2020-21 would be extended to July 31, 2021," CBIC said.