CBIC Issues Clarification on Compliance to Changes Notified in Finance Act 2022

The CBIC had notified the proposed amendment to the Finance Act 2022, vide Notification No. 18/2022-Central Tax dated 28.09.2022, for compliance with sections 100 to 114, except clause (c) of section 110 and section 111 of the said Act. However, various doubts were raised whether the said extended timelines are applicable in respect of compliances for FY 2022-23 onwards or for FY 2021-22 and whether there is an extension of the due date to file monthly/quarterly returns of the month of October.

The CBIC has clarified that the extended time limit for compliance with sections 100 to 114 is FY 2020-21 onwards and it is also clarified that no extension of the due date of filing monthly returns/statements for the month of October (due in November) or the due date of filing quarterly return/ statement for the quarter ending September.