THE GOVERNMENT ALLOWS COMPANIES TO SUBMIT GSTR THROUGH EVC UNTIL 31st MAY, 2021

During the second wave of Corona Virus, places of work are being close down and manufacturing of products and offerings has been substantially hit. However, Good information for company taxpayers dealing with problem in submitting returns. The Government of India has taken the initiative to supply alleviation with inside the manner returns are filed. So there may be no tax concession however ease, comfort, and compatibility in submitting tax returns with the aid of using substituting Digital Signature with the aid of using Electronic Verification Code (EVC)

In the notification, the central board of Indirect Taxes and Customs (CBIC) said any registered person during the period from April 21, 2021, to May 31, 2021, will be allowed to furnish the return in Form GSTR-3B and details of outward supplies in Form GSTR-1 verified through electronic verification code (EVC). Currently, Businesses are required to digitally sign the GSTR-3B form while filing the monthly return and paying taxes. However, with the offices shut due to lockdown, businesses are unable to generate a digital signature that has led to delay in filing returns

The aforesaid decision shall benefit hundreds of corporate taxpayers who could not visit the office premises to collect digital signature certificate during the lockdown.

However, the other side of the coin is a blunt truth that cannot be ignored the production of goods and services have fallen to a great extent thus presenting downside risks.

The second wave of the pandemic has significantly hit mobility and the economic pain is spreading its wings. It has affected e-way bills, power, demand, railway, freight and so on and so forth. However, the Government of India has taken steps to ease the modus operandi of filing returns thus providing relief to corporate taxpayers.

eStartIndia will help you to file your GST returns from the comfort of your home, offering you services that are very specialized and tailored for each individual.

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