Both income tax and GST (goods and service tax) will remain open on Saturday (30 March) and Sunday (31 March) to meet the revenue collection targets as the financial year 2018-19 ends.
"As per past practice, all field offices of CBIC (Central Board of Indirect Taxes and Customs) will remain open during the last weekend of the current financial year also March 30 and March 31, 2019, for assisting the taxpayers in all matters," CBIC said in an office memorandum.
Additional receipt counters, wherever required, will be opened at the offices to facilitate the filing of tax returns by the taxpayers by remaining opening on March 30 and 31.
"The last date for filing belated/revised tax-returns for assessment year 2018-19 is March 31, 2019. The financial year 2018-19 also closes on (March) 31. In view of the closed holidays March 30 and 31, being Saturday and Sunday, Income Tax Offices throughout India (including the ASK Centres), shall remain open on March 30 and 31 during normal office hours," the CBDT (Central Board of Direct Taxes) said.
The government has set GST collection target at Rs 11.47 lakh crore for the current fiscal, while the same for direct taxes is Rs 12 lakh crore. While GST collections in the current fiscal till February totaled to Rs 10.70 lakh crore, the CBDT had collected only Rs 10.21 lakh crore in direct taxes as on March 23. This is 85.1 percent of the revised estimate of Rs 12 lakh crore.
The Reserve Bank of India has also asked banks to keep their branches open on March 31, so that all government transactions for the financial year 2018-19 are accounted for within the same period.
Electronic transactions, including RTGS and NEFT, will continue for the extended time on Saturday and Sunday.