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A notification has been issued by the finance ministry on this regard.
At the moment, the deadline is March 31, 2024 and June 30, 2024, for 2018-19 and 2019-20 monetary years, respectively.
AMRG & Associates Senior Associate Rajat Mohan mentioned the extension pertains to issuance of orders for the restoration of tax liabilities, whether or not as a consequence of non-payment, underpayment, or misguided declare of enter tax credit score, for the monetary years 2018-19 and 2019-20.
Beforehand, the federal government had revised these deadlines.
For the fiscal 2018-19, the deadline was prolonged to March 31, 2024 from the unique deadline of December 31, 2023. Equally, for the fiscal 12 months 2019-20, the deadline was pushed to June 30, 2024, from the preliminary deadline of March 31, 2023.
