HIGHLIGHTS
• The last date for filing annual GST returns was extended by 3 months to 30th November.
• Previously, GST taxpayers were to file required returns by 31st August.
• GSTR-9C is filed by taxpayers whose annual turnover surpasses Rs 2 crore.
Goods and Services Tax annual returns filing deadline extended by 3 months
The finance ministry recently announced that the last date for filing annual GST returns was extended by 3 months to 30th November as taxpayers have been facing technical issues in furnishing returns.
Many requests were made by ICAI, Tax Chambers, and several individuals to Finance ministry for extension of the due date of Annual Return GSTR 9/9A and Reconciliation Statement along Audit Certification GSTR 9C for the year 2017-18 by 3 months (30th November 2019).
There was also request made by many people through social media for date extension and also for simplification of forms as well as audit certification.
The government has taken all representation into account and extended date of filing GSTR 9 till 30 November 2019.
Previously, GST taxpayers were required to file required returns by 31st August.
The Central Board of Indirect Taxes and Customs (CBIC) stated that some technical problems were faced by the taxpayers as a result annual return for the period 1st July 2017 to 31st March 2018 cannot be furnished by individuals registered under GST.
Finance Ministry stated in a statement that the last date of filing of GST Annual Return in Form GSTR-9/9A as well as Reconciliation Statement in Form GSTR-9C for the Financial Year 2017-18 was extended from 31st August to 30th November.
GSTR 9 is an annual return which is required to be filed yearly by taxpayers who are registered under the Goods and Services Tax (GST). It comprises of details relating to the outward as well as inward supplies made or received under different tax heads.
The CBIC held while extending the date that certain technical issues are being faced" by the taxpayers for which annual return for the period 1st July 2017 to 31st March 2018 could not be provided by individuals registered under Goods and Services Tax.
GSTR-9C is required to be filed by taxpayers whose annual turnover go beyond Rs 2 crore. It is a statement of reconciliation amid GSTR-9 as well as the audited annual financial statement, whereas GSTR-9A is the annual return which is required to be filed by taxpayers who have chosen for the Composition Scheme under Goods and Services Tax.
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