NOW GST RETURN DATA IN FORM 26 AS

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NOW GST RETURN DATA IN FORM 26 AS

09/10/2020

F.No.225/155/2020/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

Order DATED 29.09.2020

In exercise of powers conferred under section 119 of the Income-tax Act,1961 read with sub-rule (2) of Rule 114-1 of the Income-tax Rules,1962, the Central board of Direct Taxes (,Board’), hereby authorizes the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) to upload information relating to GST return, which is in his possession, in the Annual Information Statement in Form 26AS, within three months from the end of the month in which the information is received by him.

2. The Principal Director General of Income-tax (Systems) or the Director General of Income tax (Systems) shall specify the procedures, formats and standards for the purposes of uploading of Annual Information Statement in Form 26 AS containing the in inormation referred to in para above.

EXTRACT OF RULE 114-I

114-I. Annual Information Statement

(1) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or any person authorised by him shall, under section 285BB of the Income-tax Act,1961, upload in the registered account of the assessee an annual information statement in Form No. 26AS containing the information specified in column (2) of the table below, which is in his possession within three months from the end of the month in which the information is received by him:─

Sl. No	Nature of information
(i)	Information relating to tax deducted or collected at source
(ii)	Information relating to specified financial transaction
(iii)	Information relating to payment of taxes
(iv)	Information relating to demand and refund
(v)	Information relating to pending proceedings
(vi)	Information relating to completed proceedings

(2) The Board may also authorise the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) or any person authorised by him to upload the information received from any officer, authority or body performing any function under any law or the information received under an agreement referred to in section 90 or section 90A of the Income-tax Act,1961 or the information received from any other person to the extent as it may deem fit in the interest of the revenue in the annual information statement referred to in sub-rule (1)

(3) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems) shall specify the procedures, formats and standards for the purposes of uploading of annual information statement referred to in sub-rule (1).

(III) in Appendix II, Form 26AS shall be substituted by the following Form, namely:-

Form 26AS

Annual Information Statement

[See rule 114-I ]

Financial Year:
XXXX-XX

Assessment Year:
XXXX-XX

Part A

Permanent Account Number:		Aadhaar Number:
Name :
Date of Birth/Incorporation:
Mobile No. :
Email Address :
Address:

Part B

SL.NO.	NATURE OF INFORMATION
1.	Information relating to tax deducted or collected at source
2.	Information relating to specified financial transaction
3.	Information relating to payment of taxes
4.	Information relating to demand and refund
5.	Information relating to pending proceedings
6.	Information relating to completed proceedings
7.	Any other information in relation to sub-rule (2) of rule 114-I **

** THIS INFORMATION IS RELATED WITH GST RETURN.