CBIC extends last date for THESE compliance to November 30: Check details

The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification regarding time limit for certain compliances in a notification. 

“Central Tax dated 28.09.2022, the Central Government has appointed 01.10.2022 as the date on which the provisions of sections 100 to 114, except clause (c) of section 110 and section 111, of the Finance Act, 2022 shall come into force,” CBIC said in the notification.

The timeline of the Claiming of ITC in respect of any invoice or debit note in the return, Declaration of the details of credit notes in the return, rectification of particulars in details of outward supplies, rectification of particulars furnished in a return and rectification of particulars in the statement furnished by a TCS operator has been fixed at November 30, 2022. 

Doubts were raised whether the said extended timelines are applicable in respect of compliances for FY 2022-23 onwards or whether the same are also applicable to the compliances for FY 2021-22. Also there were doubts whether the timelines for the said compliances stand extended to the date of filing/ furnishing of the return/ statement for the month of November 2022 or the said compliances can be carried out in a return or the statement filed/ furnished upto November 30, 2022.

Clarifying the inquiries, the CBIC said that the extended timeline is only applicable to the mentioned compliances, “In this regard, it is clarified that the extended timelines for compliances listed in para 2 are applicable to the compliances for FY 2021-22 onwards. It is further clarified that the said compliances in respect of a financial year can be carried out in the relevant return or the statement filed/ furnished upto 30th November of the next financial year, or the date of furnishing annual return for the said financial year, whichever is earlier. It is also clarified that no  extension of due date of filing monthly return/ statement for the month of October (due in November) or the due date of filing quarterly return/ statement for the quarter ending September has been made vide the amendments in CGST Act, 2017 notified through Notification,” the notification read.