ITR & Tax Audit due date extended –

Due dates for filing income tax returns?

Due date of uploading Tax Audit Report in case where transfer pricing is not applicable –

  • ⦁ The earlier due date was 15th January 2022, the new extended date is – 15th February 2022.

Due date of uploading Tax Audit Report in case where transfer pricing (person entering international transactions) is applicable –

  • ⦁ The earlier due date was 31st January 2022, the new extended date is – 15th February 2022.

What is the due date to file Income Tax Returns in case audit is applicable?

  • ⦁ In case transfer pricing is not applicable – The earlier due date was 15th February 2022, the new extended date is – 15th March, 2022.
  • ⦁ In case transfer pricing is applicable – The earlier due date was 28th February 2022, the new extended date is – 15th March, 2022.

Due date of filing 3CEB form applicable in case of Transfer Pricing-

  • ⦁ The earlier due date was 31st January 2022, the new extended date is – 15th February 2022.

Note – The due dates have only extended in case where tax audit is applicable, in non-audit cases the due date of returns has already passed. Although a person can still file his ITR with late fees of Rs. 1,000 or Rs. 5,000 as the case may be.

Only ITC Reflecting in GSTR-2B (GST Returns) can be claimed from 01-01-2022.

First: – Section 16(2)(aa) notified from 1 Jan 2022

(aa) the details of the invoice or debit note referred to in clause (a) have been furnished by the supplier in the statement of outward supplies and such details have been communicated to the recipient of such invoice or debit note in the manner specified under section 37.

It means from 1 Jan 2022 Input available only as when as come in GSTR-2B

Effects of New Sub-clause 16(2)(aa)
• ITC cannot be availed beyond GSTR-2B.
• No concept of Provisional Credit.
• If GSTR-1 is filled by the supplier beyond the cutoff date, then ITC will not be available in the same month.

In simple language, we can claim only that amount of ITC in GST Returns, which is reflected in GSTR-2B.