In a major relief for taxpayers in Manipur, the Central Board of Indirect Taxes and Customs (CBIC) announced an extension of the deadline for filing GST returns for the tax period spanning April, May, and June 2023. The decision was unveiled during the 50th GST Council meeting, providing much-needed respite to businesses and individuals in the state.
The extended deadline pertains to the filing of GSTR-1, GSTR-3b, and GSTR-7, enabling taxpayers in Manipur to complete their tax compliance requirements until July 31, 2023. This additional time offers taxpayers the opportunity to carefully assess and accurately report their tax liabilities without facing any penalties or interest for delayed filings.
The move comes as a result of the prevailing economic challenges and disruptions caused by various factors, including the ongoing pandemic. The CBIC, in collaboration with the GST Council, recognized the difficulties faced by businesses and individuals in meeting their tax obligations on the original deadline and took proactive measures to alleviate their burden.
By extending the deadline, the CBIC aims to facilitate a smoother and more seamless tax filing process, enabling taxpayers to maintain their financial compliance without undue stress. The gesture reflects the CBIC’s commitment to supporting businesses and individuals in Manipur during these challenging times and fostering an environment of taxpayer-friendly policies.
It is essential for all GST-registered entities in Manipur to take advantage of the extended deadline and utilize the additional time to review their tax documents, rectify any discrepancies, and ensure the accurate and timely submission of their returns. Timely compliance not only avoids penalties but also contributes to the broader goal of streamlining the GST framework and boosting tax revenue for the nation.
