CBIC extends the deadline for compliance with anti-profiteering provisions of CGST, 2017

The Central Board of Indirect Taxes (CBIC) has notified an amendment to its previous notification dated 3^rd April 2020. The present notification was issued on 1^st September 2020.

Previously, the deadline for completion of any compliance under the Central Goods and Service Tax (CGST) Act, 2017 was extended to 31^st August 2020. However, this only applied to those compliances that had to be completed between 20th March 2020 and 30^th August 2020 and that were completed within the requisite time.

Originally, this deadline was 30^th June 2020 and the relevant period was 20^th March 2020 to 29^th June 2020. However, the deadline, as well as the relevant period, came to be extended by a notification dated 27^th June 2020.

Notwithstanding, the present notification enlarges the scope of the original notification of April 2020. It now adds that compliances in respect of anti-profiteering under the CGST Act, 2017 that fall within a specified period shall be extended up to 30^th November 2020. The specified period in this regard is 20^th March 2020 to 29^th November 2020.

In other words, any compliance in respect of anti-profiteering that was required to be completed by any date between 20^th March 2020 and 29^th November 2020 and could not be completed by that date, can now be completed till 30^th November 2020.