GSTR Filing FY19: The Central Board of Indirect Taxes & Customs (CBIC) has prolonged the deadline for filing GST annual returns (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY 2018-19 by two months till December 31, 2020.
The authorities had final month prolonged the final date for filing GST annual return and audit report for the 2018-19 fiscal by a month till October 31, 2020.
In an announcement, the Central Board of Indirect Taxes and Customs (CBIC) stated the federal government has been receiving plenty of representations concerning want to increase due date for filing 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 attainable in a number of components of the nation, it stated.
The assertion stated it has been requested that the due dates for the identical 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 stated.
GSTR 9 is an annual return to be filed yearly by taxpayers registered beneath the Goods and Services Tax (GST). It consists of particulars concerning the outward and inward provides made or obtained beneath completely different tax heads.
GSTR-9C is an announcement of reconciliation between GSTR-9 and the audited annual monetary assertion.
Furnishing of the annual return is obligatory solely for taxpayers with mixture annual turnover of above Rs 2 crore whereas reconciliation assertion is to be furnished solely by the registered individuals having mixture turnover above Rs 5 crore.
(With Inputs from PTI)