Extension of Time Limit:
The Commissioner, on Council recommendations, extends the deadline for filing details of outward supplies in FORM GSTR-1.
Applicable Period:
Registered persons required to furnish returns under sub-section (1) of section 39 for the tax period of April 2021.
Amendment Proviso:
The amendment introduces a proviso extending the deadline until the twenty-sixth day of the month succeeding the tax period.
Objective:
Aims to provide businesses with additional time for the accurate and timely filing of GSTR-1.
Government Support:
Demonstrates the government's commitment to easing compliance burdens during challenging periods.
Deemed Effective Date:
The extension is effective from the date of the original notification, i.e., 10th November 2020.
Facilitating Compliance:
The move acknowledges the practical challenges businesses may face and facilitates smoother compliance.
In a proactive measure, the government extends the deadline for filing GSTR-1, providing businesses with more time for accurate and timely reporting of outward supplies for the tax period of April 2021.