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Govt extends FY19 GST annual return filing deadline by 1 month

Press Trust of india by Press Trust of india
October 1, 2020
in BUSINESS
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Govt extends FY19 GST annual return filing deadline by 1 month
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New Delhi: The government has extended the deadline for filing GST annual return and audit report for 2018-19 fiscal year by a month till October 31.

“After obtaining due clearances  from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020,” the Central Board of Indirect Taxes and Customs (CBIC) tweeted.

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In May, the government had extended the last date for filing annual GST return for 2018-19 by three months till September 2020.

GSTR-9 is an annual return to be filed by taxpayers registered under the Goods and Services Tax (GST) regime. It consists of details regarding the outward and inward supplies made or received under different tax heads.

GSTR-9C is a statement of reconciliation between GSTR-9 and the audited annual financial statement.

EY Tax Partner Abhishek Jain said this would provide the much needed relief to businesses who were struggling to finalise the GST annual returns and GST audit certification because of the challenges on account of the COVID-19 pandemic.

“While this one is sorted, businesses are also eyeing for a relaxation on the e-invoicing compliances by making it a voluntary one for a few months, which is slated for mandatory implementation from tomorrow,” Jain added.

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