The statement, which emphasized the need to view the prevailing situation as a special case, was mentioned in a letter received by the Union Finance Minister, Nirmala Sitharaman, from the Chamber of Traders Federation (CTF).
Traders are required to pay GST returns and file income tax returns online or through other authorized media within the specified deadline. These traders, located on the city side, are upset with the move made by the centre, which has revoked provisions and facilities provided under Article 370. President CTF, Neeraj Anand, confessed that the body of the letter comprised the following statement: “We demand an extension of dates for filing of income tax and GST returns in view of the peculiar ongoing situation in Jammu and Kashmir following the abrogation of Article 370.”
The government has extended the due date for filing income tax returns for the assessment year 2021-22 by two months, to September 30, 2021, from the existing deadline of July 31, 2021, while giving an extension to tax audit and 12 compliance deadlines for FY 21 to provide relief to taxpayers due to Covid pandemic.
In a major relief to taxpayers, the Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing income tax returns (ITR) for FY 2020-21 (AY 2021-22) to September 30. The cancellation of Article 370 has ruled out many special considerations. This has led to happiness, but the GST filing with the given deadline has led to heavy stress and chaos among traders and manufacturers. As the source of payment is through the internet, online payment and other media communications are barred in this region. Thus, payment through online portals is not possible. Also, he continued saying, “We at CTF firmly stand with the government and welcome all the measures that can bring lasting peace to our state that is suffering due to Pakistan-sponsored terrorism.” The CTF has praised the business community for being very polite and patient despite their dispute and bloodshed. The business circle has taken the initiative to provide a high percentage of support for non-violence and balance in political leadership. The entire business people would wish for permanently get rid.
They also added that “We hope that the government would provide necessary relief to augment trade once the situation becomes congenial.” The government is fully supportive of the entire team.
