Due date for filing GST annual return and Audit (GST 9 & GSTR 9C) for the Financial year 2018-2019 is further extended to 31st December 2020 from 31st October 2020.
The CBIC extended the due dates to file GSTR 9 & 9C by issuing a press release on 14th November 2019. Therefore file your GSTR 9 & 9C before 31st December 2020 to avoid any penalties.
GST Annual Return and Audit due date extended after considering representations and After obtaining due clearances from the Election Commission in view of the Model Code of Conduct.
View GSTR 9 & 9C Due date extension Press release/Notification
Click here to read press release, dated 24th October 2020 for GSTR 9 due date extension.
Clarification on Annual Return (GSTR-9)and Reconciliation Statement (GSTR 9C) for FY 2018-19: Press Release on 09-Oct-2020
CBIC has issued clarifications on practical problems faced by taxpayers while filing GSTR 9 & GSTR 9C for FY 2018-19. In the press release, CBIC said that “Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR 9) filed for FY 2017-18 and there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19.”
In this regard, it is clarified that the taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or adjusted are to be ignored.
CBIC also clarified that No adverse view would be taken in cases where there are variations in returns for taxpayers who have already filed their GSTR-9 of Financial Year 2018-19 by including the details of supplies and ITC pertaining to Financial Year 2017-18 in the Annual return for FY 2018-19
CBIC also requested the taxpayers to avail the benefit of the extended due date and file their Annual Return (FORM GSTR-9) at the earliest to avoid last minute rush.
It may be noted that furnishing of the Annual Return in FORM GSTR-9 is mandatory only for taxpayers with aggregate annual turnover above Rs. 2 crore while the reconciliation statement in FORM GSTR-9C is to be furnished only by the registered persons having aggregate turnover above Rs. 5 crore.
- Shiwali Shukla is a member of ICAI since 2018 & She has excelled in Chartered Accountancy & follows an innovative & talented approach towards work, She is also an Ex- Employee of Ernst & Young. She is having the Expertise in the filed of Direct Taxation, Indirect Taxation, Company Law matters & Finance. She is also having more than 3 years of Experience in the same field. & more than 3 years if Experience in the field of Direct as well as Indirect Taxation..
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