Articles

CBDT extended the dates of GST Return Filing

by Estartup India Grow Business With Us

Due to the COVID-19 pandemic, the GST Council has announced an extension of the GST annual return filing for the FY2019-20 deadline by December 31. Earlier the Institute of Chartered Accountants of India (ICAI) has addressed to the GST Council asking for an extension of GST annual return filing for FY19.

 

Now you need to ensure some facts about the GSTR-9 and GSTR9c

 

Understand About GSTR-9 

 

As we know, GST return filing is essential for taxpayers who indulge in various types of businesses. GSTR 9 is an annual return to be filed annually by taxpayers registered following the Goods and Services Tax (GST). It consists of aspects concerning the outer and inward supplies made or taken under different tax heads. 

 

Understand about GSTR9c


GSTR-9C is a declaration of reconciliation between GSTR-9 and the audited annual financial statement. The government has launched a GSTR 9C audit form, which is to be filed yearly by taxpayers who have a turnover of more than Rs.2 crores. It is a reconciliation statement between the annual returns filed in GSTR 9 and the audited annual financial statements of the taxpayer.


GSTR 9 Kinds

There are 4 kinds of annual returns under the GST law. They are:

  • GSTR 9 must be filed by general registered, taxpayers who file GSTR 1 and GSTR 3B.
  • GSTR 9A must be filed by registered, composite traders 
  • GSTR 9B must be registered by e-commerce operators who collect tax at source and have filed GSTR 8 for the financial year.
  • GSTR 9C is an audit form that must be registered by all taxpayers whose aggregate turnover passes Rs.2 crores in a financial year and is liable to get their annual reports audited.

What is the due date for GST Annual Return Filing?

The due date for filing the Annual returns in GSTR-9 is the same deadline for submission of GSTR-9C. Know more about CBIC Extends Deadline for Filing GSTR 9 or GSTR9c

 

 

 

 

 

 

 

 

 

 

 

 


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Created on Oct 27th 2020 02:35. Viewed 90 times.

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