Under Goods and Service Tax, GSTR 9 is an annual return and GSTR 9C is GST Audit, both are mandatory on the basis of GST Turnover. For FY 2018-19, the turnover limit for annual return (GSTR 9) is Rs. 2 Crore and for GSTR 9C it is Rs. 5 Crore. Under this post, we will read about the GSTR 9 and 9C Due date Extension for FY 2018-19.
GSTR 9 and 9C Due date Extension for FY 2018-19
Both these returns need to be filed by 31st December of the next financial year. For FY 2018-19 the due date of GSTR 9 and 9C has already been extended by the GST council to 30th September 2020. Notification no. 41/2020-Central Tax dated 05.05.2020.
Now due to the COVID-19 pandemic, many associations including ICAI have written letters to the GST Council, stating that a majority of the offices operate only partially.
ICAI Letter to GST Council
“We request… to provide suitable relaxation to the registered persons and extend due dates of filing GSTR 9 and 9C forms for the FY 2018-19 by three months till 31st December 2020. It will provide much-needed relief to the trade, in addressing challenges arising out of coronavirus…” the ICAI said in this letter to the GST Council.
Considering the submissions made to the GST council, it is expected that there are high chances of GSTR 9 and 9C Due date Extension for FY 2018-19.
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)