GSTR Filing FY19: The Central Board of Indirect Taxes & Customs (CBIC) has prolonged the deadline for submitting GST annual returns (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY 2018-19 by two months until December 31, 2020.
The authorities had final month prolonged the final date for submitting GST annual return and audit report for the 2018-19 fiscal by a month until October 31, 2020.
In a press release, the Central Board of Indirect Taxes and Customs (CBIC) mentioned the federal government has been receiving a variety of representations relating to want to increase due date for submitting Annual Return (Form GSTR-9) and Reconciliation Statement (Form GSTR-9C) for FY 2018-19.
— CBIC (@cbic_india) October 24, 2020
The representations have been made on the grounds that as a result of COVID-19 pandemic associated lockdown and restrictions, regular enterprise operations have nonetheless not been doable in a number of components of the nation, it mentioned.
The assertion mentioned it has been requested that the due dates for a similar be prolonged past October 31, 2020 to allow the companies and auditors to conform on this regard.
“In view of the same, on the recommendations of the GST Council, it has been decided to extend the due date for filing Annual Return (Form GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from October 31, 2020 to December 31, 2020,” the CBIC mentioned.
GSTR 9 is an annual return to be filed yearly by taxpayers registered beneath the Goods and Services Tax (GST). It consists of particulars relating to the outward and inward provides made or acquired beneath completely different tax heads.
GSTR-9C is a press release of reconciliation between GSTR-9 and the audited annual monetary assertion.
Furnishing of the annual return is necessary just for taxpayers with combination annual turnover of above Rs 2 crore whereas reconciliation assertion is to be furnished solely by the registered individuals having combination turnover above Rs 5 crore.
(With Inputs from PTI)
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