For FY 2018-19, GST Audit and Annual Return is required to be completed by the assessee whose turnover exceeds a specified amount. For the financial year 2018-19, the due date has been extended again. In this post, you will know about the extended due date of GSTR 9 and 9C for FY 2018-19.
Extended due date of GSTR 9 and 9C
After the representation made from the various tax authorities and associations, the GST council considering the situation of COVID-19 has extended the due date of Annual Return (GSTR9) and Annual Audit (GSTR 9C).
Extended due date of GSTR 9 and 9C- On 24th October 2020, the Government via press release extended the due date of GSTR 9 and GSTR 9C for FY 2018-19 to 31st December 2020.
Notification for GSTR 9 and 9C Extension
The GST Council has extended the due date of GSTR 9 and GSTR 9C from 31st October 2020 to 31st December 2020.
GSTR 9 and 9C- Things you need to know before filing
Under GST, after the end of the financial year, it is required to file an annual return and/or get his account audited for that financial year. It is not mandatory for all the assessee but needs to be done as per the notification or circulars issued by the GST department. To know about GSTR 9 and GSTR 9C you can read the below article-
Turnover Limit For GST Audit- GSTR 9 and GSTR 9C for FY 2018-19
The major concern among the taxpayers is that what is the turnover limit for GST Audit and for GST Annual Return, so before filing GSTR 9 and GSTR 9C every one must know that whether it is mandatory to file these returns or not. To know the turnover limit for GST Audit and GST Annual Return read the below-mentioned article.
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)