Advertisement

HindustanTimes Sat,29 Nov 2014

Extend time for filing e-returns

Anil Kumar, Hindustan Times  Patna, October 11, 2012
First Published: 13:39 IST(11/10/2012) | Last Updated: 13:40 IST(11/10/2012)

The commercial taxes bar association on Wednesday met the commissioner of commercial taxes (CCT) to urge for the extension of timeline for filing e-returns, in wake of the difficulties faced by large and mid sized companies.

Advertisement

A recent notification issued by the commercial tax department, has curtailed the due date for filing quarterly tax returns, from 30 days to 20 days and has thrown the entire tax filing process by the companies, particularly large entities, into a tizzy.

Leading a delegation of the association, Anil Kumar Pandey, general secretary, while explaining the problem to CCT Sudhir Kumar, said that the compilation of data for big companies, which normally operated in large areas, involved more time in comparison to smaller companies.

Almost a fortnight is exhausted by big companies in receiving and compiling data from different geographical locations.

It is only after these 15 days and at the end of a quarter, that they are able to start the work for the actual preparation of returns, he added.

Maintaining, that the August 29 notification should be amended suitably in the interest of taxpayers and related parties, Pandey said, even if the last date of filing quarterly returns were restored or extended, even by a month, there would be no loss to the government exchequer.

He said, an immediate intervention in the matter was required as Durga Puja - a major festival - fell in October and many company officials and employees would also be on leave.

The timeline for filing the returns for the quarter ending September should be extended till November 15 for all types of dealers.

A minimum time of 30 days for big companies and 25 days for medium and small companies should be provided for the filing of quarterly returns.h The CCT, he said, gave them a patient hearing.

He also assured that the demand would be considered sympathetically. gAs regards to the difficulties in uploading C forms and TIN based e-visibility of WCT after proper certification, the CCT agreed to organize demonstration of the uploading process for the benefit of dealers at different places, Pandey said.


Advertisement
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved