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CAIT wants postponement of compliances under GST, IT English.Lokmat.com

CAIT wants postponement of compliances under GST, IT

CAIT National president B.C.Bhartia and secretary general Praveen Khandelwal informed that on April 10 the CAIT sent a communication ...
CAIT wants postponement of compliances under GST, IT

CAIT National president B.C.Bhartia and secretary general Praveen Khandelwal informed that on April 10 the CAIT sent a communication to Sitharaman urging her to postpone 11 types of GST compliances which traders have to comply with in the month of April itself. Non-compliance of these stipulations will attract huge penalties on traders across the Country.

Similarly, the CAIT sent another communication to Sithraman on April 19 listing out 15 types of compliances to be made in the month of April itself and non-compliance of these provisions will further levy interest and penalty on the traders.

Bhartia and Khandelwal while invoking the attention of Sitharaman to the compliances to be made in the month of April under GST & Income Tax Act and all these compliances if not complied in time will result into interest,late fee etc.In these tough times when all the state governments are taking strict precautionary measures such as – Complete Curfew, Night Curfew, 72 hour complete Lockdown, complete lockdown, containment zones, etc in order to restrict the spread of Covid-19 in their states, it will not be possible to comply with all these statutory compliances in time. Therefore, the late compliances on part of trade being not deliberate, the late fee and penalties should be waived off permanently till the situation gets normal in the country.

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