During the 43th GST Council Meeting, the Finance Minister proposed the Relaxations in timelines for Compliance under GST Laws.
The relaxation was proposed under section 168A of the CGST Act wherein the Time limit for completion of various actions, by any authority or by any person, under the GST Act, which falls during the period from 15th April 2021 to 29th June 2021, to be extended upto 30th June 2021, subject to some exceptions.
Section 168A of the CGST Act empowers the government to extend the time limit in special circumstances on the recommendations of the Council, by notification, extend the time limit specified in, or prescribed or notified under in respect of actions which cannot be completed or complied with due to force majeure.
Source Taxscan
Latest Posts in "India"
- GST Council to Discuss Simplifying Tax Regime, Reducing Levies on Cement, Services, and Insurance
- GST Council to Discuss Moving Food, Textile Products to 5% Tax Bracket in September Meeting
- Auto Industry Urges Quick GST Rate Implementation to Boost Festive Season Sales
- GST Council to Discuss Sin Goods Tax, Rate Structure Overhaul, and Future Cess Plans
- GST Council to Consider Raising Maximum Slab Rate Beyond 40% for Luxury and Sin Goods
