GST Audit & Annual Return (GSTR 9/9C) Due Date Extended For FY 2018-19 (View Notification)

Due date for filing GST annual return and Audit (GST 9 & GSTR 9C) for Financial year 2018-2019 is extended by 1 month to 31/10/2020.

The CBIC extended the due dates to file GSTR 9 & 9C by issuing notification no. 69/2020. Therefore file your GSTR 9 & 9C before 31th October 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 notification

Click here to read Notification No 69/2020, dated 30-Sept-2020 for GSTR 9 due date extension.

Clearification 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.

Click here to read the press release.

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