Circular No. ES/99/2022-23 6th October, 2022
To: Members of the Council
Sub: Clarification regarding time limit for certain compliances pursuant to issuance of Notification No. 18/2022-Central Tax dated 28.09.2022
Dear Member,
This is to inform you that the Ministry of Finance has issued a Press Release dated 4th October, 2022 on the above subject.
As you are aware, CBIC vide Notification No.18/2022-Central Tax dated 28th September, 2022, had chosen 1st October, 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.
Thereafter, Trade sought clarification from CBIC on the following –
- 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.
- 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
- Whether the said compliances can be carried out in a return or the statement filed/ furnished upto 30th November 2022.
With regard to the above, CBIC has issued the following clarification -
- The extended timelines for compliances are applicable to the compliances for FY 2021-22 onwards.
- 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.
- 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 No. 18/2022-Central Tax dated 28.09.2022.
For detailed information, members may kindly refer to the Press Release dated 4th October, 2022 which is enclosed.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR
