Annual GST Return Filing Deadline Extended: In view of offering reduction amid the COVID-19 disaster, the federal government has prolonged the due date for furnishing annual GST or items and companies tax returns for the monetary 12 months 2018-19 by two extra months. The new deadline is February 28, 2021, as an alternative of December 31. This is relevant to the companies submitting annual returns in addition to audit reviews for the 12 months to March 31, 2019. Earlier, the taxman had prolonged the final date from October 31 to December 31, 2020. Now, companies can file the annual return, utilizing Form GSTR-9, in addition to the reconciliation assertion, Form GSTR-9C, for the monetary 12 months 2018-19 by February 28, 2021. (Also Read: Centre Transfers ₹ 6,000 Crore GST Compensation To States)
Due date of furnishing of annual return underneath Central Goods and Services Tax Act, 2017 for the monetary 12 months 2019-20 prolonged to 28th February, 2021. pic.twitter.com/zs3y1p0JFq
— CBIC (@cbic_india) December 30, 2020
The Central Board of Indirect Taxes and Customs (CBIC) mentioned the federal government has been receiving a number of representations on the necessity to prolong the deadline, on account of obstruction to enterprise on account of COVID-19-related restrictions. (Also Read: Government Extends Income Tax Returns Filing Date To January 10 )
Form GSTR 9 is utilized by the registered taxpayers to file a GST return yearly. The return comprises all particulars on inward and outward provides underneath totally different heads. Form GSTR-9C contains an announcement of reconciliation, matching the main points offered in a GSTR-9 return together with the audited annual monetary statements.