GST Annual Returns: The government has extended the last date of filing annual goods and services tax (GST) return to November 30 from August 31. The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns.
“It is hereby informed that the last date for furnishing of annual return in the Form GSTR-9/ Form GSTR-9A and reconciliation statement in the Form GSTR-9C for the financial year 2017-18 is extended from 31st August 2019 to 30th November 2019,” according to a finance ministry statement issued on Monday.
GST Annual Returns: HIGHLIGHTS
- The last date for filing annual GST returns has been extended by three months to Nov 30
- Earlier, GST taxpayers were to file required returns by August 31
- GSTR-9C is filed by those whose annual turnover exceeds Rs 2 crore
While extending the date, the CBIC said “certain technical problems are being faced” by the taxpayers as a result annual return for the period July 1, 2017, to March 31, 2018, could not be furnished by persons registered under GST.
GST 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.
GSTR-9C is filed by those whose annual turnover exceeds Rs 2 crore. It is a statement of reconciliation between GSTR-9 and the audited annual financial statement, while GSTR-9A is the annual return to be filed those who have opted for the Composition Scheme under GST.
Abhishek Jain, the tax partner, said, ” Businesses were awaiting this extension for a couple of days now.” He said owing to some technology system concerns and ambiguities in the reporting, coupled with other statutory deadlines, this extension was much sought after and should help provide quite a breather to businesses.
