80% MSMEs, startups urge FM Sitharaman to extend GST payment, return filing deadlines without penalty – News 24-7 Live News 24-7 Live
80% MSMEs, startups urge FM Sitharaman to extend GST payment, return filing deadlines without penalty

80% MSMEs, startups urge FM Sitharaman to extend GST payment, return filing deadlines without penalty

 MSMEs and startups, reeling under the Covid impact, have urged the government to extend the GST payment and return filing deadlines for the month of March, April, and May to June 30, 2021. According to a recent survey of MSMEs and startups by community social media platform LocalCircles, as much as 80 per cent respondents suggested extension of deadlines describing challenges faced in filing GST payments and returns for the month of March. Finance Minister Nirmala Sitharaman had provided a similar extension on ITR filing and GST return deadline last year.

“MSMEs and startups have been requesting extension of the GST payment and filing deadlines as in many states there have been curfew and lockdown restrictions that have been imposed since early or mid-April preventing them from meeting these deadlines. The respondents want the government to extend the deadline without penalty,” Sachin Taparia, Founder and Chairman, LocalCircles told Financial Express Online. The survey, conducted between April 21-22, saw the participation of 2,370 startups, MSMEs, traders, and service providers located in 122 districts of India. LocalCircles had also escalated the request for action to Sitharaman through a letter sent last week.

News Source: financialexpress

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