CBDT extended the dates of GST Return Filing
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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