Petition in Delhi High Court for Tax Audit due date extension by FTAPS dismissed as withdrawn

Extension of Tax audit/ITR due date- FTAP withdraws the Petition in Delhi High Court in view of the CBDT Order extending the due dates to 31.10.2018

The division bench comprising of Hon’ble the Chief Justice passed the following order:

In view of the order dated 8th October, 2018 passed by the Department of Revenue, Central Board of Direct Taxes extending the period for filing of return of income and reports of audit pertaining to Assessment Year 2018-2019 to 31st October, 2018, learned counsel for the petitioner prays for permission to withdraw the writ petition for the present.

The petition is dismissed as withdrawn.

Earlier, the Delhi High Court had issued notice to CBDT with respect to Tax Audit due date extension for AY 2018-19.

Joining the cause for further extension of the due date for filing of audit reports and income tax return, Foundation of Tax and Accounting Professionals (FTAPS) have filed a PIL in Delhi High Court.

It is known that the due date for filing GSTR-1 has already been extended by the CBIC  to 31st October. When a seller files his GSTR-1, the information gets captured in GSTR 2A. It takes information of goods and/or services which have been purchased in a given month from the seller’s GSTR-1. In other words, GSTR 2A is a purchase-related tax return that is automatically generated for each business by the GST portal.

Signing of balance sheets without considering GST-2A is like false certification

It is learnt that the case / argument of the FTAPS was that signing of balance sheets without taking cognizance of final GST-2A would be like false certification on part of both assessee as well as auditor.

The Petition has been admitted and notice has been issued to CBDT to file the Counter. The case is list for next hearing in the second week of October 2018.

We will be updating the post asap.