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GST return filing deadline extended, again
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SME Times News Bureau | 24 Oct, 2020
The Centre has given more time
to taxpayers in yet another compliance measure as it extended the due
date to file GSTR-9 and GSTR 9C for 2018-19 by two more months on
Saturday.
The GST annual return in the two forms was to be filed
by September 30, 2020 originally which got extended till October 31. Now
this has been further extended till December 31 to facilitate
taxpayers.
The Central Board of Indirect Taxes and Customs (CBIC)
in a statement said that the decision has been taken as the government
has been receiving a number of representations regarding need to extend
due date for filing the forms.
Because of the Covid-19 pandemic
related lockdown and restrictions, normal business operations have still
not been possible in several parts of the country and businesses felt
some more relaxation could be given.
"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 said.
The
extension of annual return filing has come as much needed relief for GST
taxpayers. Along with compliance on GSTR-9 and 9C, taxpayers were also
required to follow e-invoicing regulations. The industry had said that
complying with both regulations would be difficult.
The GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST).
The GSTR-9C is a statement of reconciliation between GSTR-9 and the audited annual financial statement.
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