(LiveMint)
Businesses are likely to get extra time for filing their Goods and Services Tax (GST) annual return and audit report for FY19, the first full year of the indirect tax reform. Federal indirect tax body, the GST Council, is likely to extend the due date from 31, December to enable businesses to comply as companies are currently busy with meeting the deadline for FY18, the first year of GST roll out, said a person privy to discussions in the Council.
Businesses have time till 30 November to file the annual return and audit report for the July-April period of FY18, for which they were given three extensions already considering the numerous changes in rules and the difficulties faced by them in shifting to a new technology reliant indirect tax regime.
