NagÂ VidarbhaÂ Chamber of Commerce (NVCC) is one of the biggest Trade Organization of Central India representing various Trade Associations. It works towards creating awareness amongst the masses on various issues related to taxation laws and their compliances. It recently has been working as a connecting medium between the Business and the Taxation Authorities not only for complying with the taxation laws but also for taking to the authorities the various issues being faced by the Business from time to time. Â
NVCC through a representation highlighted the demand and need of thousands of taxpayers in the current scenario. The havoc created by the on-going pandemic on account of COVID 19 all around is well known and well documented and, therefore, hardly requires any elaboration. This extraordinary situation led to this demand for extending the due dates for various compliances falling due in the current month. NVCC tried to summarise the various due dates falling due in the current month which is as follows:- Â for the Income Tax Compliance I PF / ESI in the Month of March 2021.
Due Date Compliance Due For the Particulars Period 15.03.2021 Advance Tax Payment Quarterly Advance Tax payment for the quarter of Jan to March 2021 15.03.2021 Electronic February E-payment of Provident Fund Challan cum 2021 Return (ECR) (PF).
Appreciating the gravity of the situation, in past the Government had extended various due dates for filing of returns of income, tax audits, etc. as well as under VSV from time to time. There was an assumption that the situation will ease and we will live with the new normal in coining time. However, the situation is going worst again and the cases are again showing an upward trend making it more difficult not only to do the Business but also for making the compliance.
â€œIn this unprecedented pandemic times, when the people are still struggling to recover, restart and renormalize, when the economy is still trying to limp back to the normalcy, when the advisory of Governments (be it Central or State Governments) still talk about various precautions and safety protocols to be observed and when various restrictions are still in place including lockdown at various places, there is a strong need that the extension of due dates should be considered,â€ said Ashwin Mehadia, Preside
Addressing Nirmala Sitharaman , he added Â the above is just conveying the feelings of thousands of the common men (taxpayers and tax professionals) of this Country. We can only hope that the Government respects and trusts the tax-payers and provides timely, reasonable â€¢ and much deserved reliefs in this pandemic time. The citizens of the Country have supported the Government in various initiatives against the pandemic. In return, this is the least which a citizen can hope.
Ram Avtar Totla, CA. Ritesh Mehta (Convenor Indirect Tax Committee), C.A.Sandeep Jotwani (Convenor Direct Tax Committee) of NVCC has requested Finance Minister to look into this issue on a priority basis and take appropriate measures in this regard and extend the due dates and oblige.