Tax & Compliance Updates – May 21

  1. Income Tax department to launch a new e-filing portal on 7th June 2021

• New taxpayer friendly portal to be launched on 7th June 2021
• will not be available w.e.f. 01st June 2021
• New website can be accessed from 7th onwards at
• Hearings will be fixed only after 10th of June 2021

2. Extension of Due Dates – CBDT Circular No.9/2021

ParticularsOriginal Due DateExtended Due Date
Statement of Financial Transactions – Rule 114E31st May 202130th June 2021
Statement of Deduction of Tax (TDS Returns) – Rule 31A 31st May 2021 30th June 2021
Issue of Certificate of Tax Deducted at Source – Form No.1615th June 202115th July 2021
Due Date of filing income tax returns:
Non Audit Cases – Regular Assessee
Audit Cases – Filing of ITR
Audit Cases – Filing of Audit Report
Transfer Pricing Audit Cases
Belated Returns / Revised Returns

31st July 2021
30th Sept 2021
31st Oct 2021
30th Nov 2021
31st Dec 2021

30th Sept 2021
31st Oct 2021
30th Nov 2021
31st Dec 2021
31st Jan 2022

Note: 234A – Interest for delayed filing of income tax returns has not been extended, meaning tax has to be paid within the original due date to avoid interest under this Section.

3. Standard Operating Procedure for revocation of cancellation of registration under GST has been announced.

4. Amendments related to eway Bill

5. Amendment related to GST Refund Provisions

  • Limitation period of 2 years shall exclude period from date of filing of refund application to date of issue of deficiency memo
  • Introduction of facility to withdraw the refund application [Rule 90(5) & (6)]
  • Changes in format of Form GST RFD – 07 and procedural changes for withheld of claim of Refund (Rule 92 & 96)

6. Amendment related to GST Refund Provisions

  • Amnesty scheme for payment of Late Fees
  • Rationalisation of late fees levy
  • COVID 19 – Relief on interest payment
  • Further relaxation of due dates for filing of GSTR 1, 3B & IFF
  • Simplification of GSTR 9 (Annual Returns)
  • Filing of GST Returns using EVC instead of DSC extended upto 31.08.21

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