Deadline for filing GST annual returns for FY18, FY19 extended; two forms to be simplified, says CBIC
In another relief, it has also decided to simplify the two GST forms by making various fields of these forms as optional, the CBIC said in a statement.
The earlier deadline for filing of GSTR-9 and GSTR-9C for 2017-18 was 30 November 2019, while that for 2018-19 was 31 December 2019
The CBIC has also notified the amendments regarding simplification of annual return and reconciliation statement forms
The CBIC expects that all the GST taxpayers will be able to file their annual returns along with reconciliation statement in time
New Delhi: In a relief to taxpayers, the government on Thursday extended the due dates for filing GST annual returns for 2017-18 to 31 December and for the financial year 2018-19, to 31 March next year.
The dates for filing the reconciliation statement has also been extended accordingly.
In another relief, it has also decided to simplify the two GST forms by making various fields of these forms as optional, the Central Board of Indirect Taxes and Customs (CBIC) said in a statement.
"The government has decided today (Thursday) to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for 2017-18 to 31 December 2019 and for 2018-19 to March 2020," it said.
The earlier deadline for filing of GSTR-9 and GSTR-9C for 2017-18 was 30 November 2019, while that for 2018-19 was 31 December 2019.
Notifications regarding the extension of the dates have been issued.
The CBIC in the revenue department has also notified the amendments regarding the simplification of the annual return and reconciliation statement forms.
A reconciliation statement allowing taxpayers to not provide split of input tax credit availed on inputs, input services and capital goods for 2017-18 and 2018-19.
CBIC further said it is expected that with the simplifications in the two forms and the extension of deadlines, "all the GST taxpayers would be able to file their annual returns along with reconciliation statement in time".
Various representations regarding challenges faced by taxpayers in the filing of GSTR-9 and GSTR-9C were received on which by the government has "acted in a very responsive manner", the CBIC statement added.
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The Goods and Services Tax (GST) Council had set up this committee on 10 November to suggest ways for simplification of the returns filing process
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The CBIC said it has observed instances of availment of IGST refund using fraudulent input tax credit (ITC) claims by some exporters.
Now sales return or GSTR-1 for July will have to be filed by 10 September instead of 5 September earlier and purchase returns or GSTR-2 would be filed by 25 September instead of 10 September earlier