The latest notification released by the Central Board of Indirect Taxes and Customs (CBIC) has allowed all taxpayers to verify their GST returns filed up to 31st May 2021 using an Electronic Verification Code (EVC).
Notification No. 07/2021 – Central Tax states that a person who is registered under the provisions of the Companies Act, 2013 shall also be allowed to file returns under Section 39, i.e., the GSTR-3B return and Section 37, i.e., the GSTR-1 return or the furnishing of details using an Invoice Furnishing Facility (IFF), and verify the same through EVC. This relaxation is applicable for returns filed from 27th April 2021 to 31st May 2021 only.
Until now, companies had to verify GST returns by digitally signing the same. However, with most offices shut due to the pandemic and resulting lockdowns, it is difficult for these business entities to generate digital signatures, leading to a delay in filing their GST returns. The Central Tax notification provides some much-needed relief in tax compliances and comes when India is battling a massive medical crisis.
This move will benefit thousands of taxpayers who cannot visit their physical offices to collect their digital signatures, as some states have ordered a complete lockdown barring essential services over the next few weeks.
For any clarifications/feedback on the topic, please contact the writer at athena.rebello@cleartax.in
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