Government Directive:
G.S.R. (E) exercise powers under the first proviso to sub-rule (3) of rule 61, extending the deadline for tax deposit under CGST Act section 39(7).
Rule Amendment:
Commissioner, upon Council recommendations, modifies Central Goods and Services Tax Rules, 2017, focusing on the due date for tax payment in FORM GST PMT-06.
Extended Due Date:
Taxpayers now have an extended timeframe until May 27, 2022, to fulfill their tax obligations for April 2022.
Under Secretary's Approval:
Under Secretary Rajeev Ranjan's endorsement emphasizes the official nature of the deadline extension.
Specific Tax Period:
The extension caters specifically to tax liabilities arising in April 2022, providing businesses relief during challenging times.
Compliance Consideration:
The move acknowledges potential challenges faced by businesses and aims to support compliance without incurring penalties.
Government Flexibility:
This extension demonstrates the government's adaptability in responding to economic nuances, ensuring a balance between compliance and taxpayer convenience.
Note: Taxpayers are urged to leverage this extension wisely, ensuring timely compliance within the updated deadline.