The Central Board of Indirect Taxes and Customs (CBIC) issued a notification to extend the due date for furnishing GSTR-9 and 9C for Financial Year 2018-19 till 31st December 2020.

The Government of India on Saturday has extended due dates for filing Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for Financial Year 2019 from 31st October 2020 to 31st December 2020.

This decision has been taken because “normal operation of businesses have still not been possible in several parts of the country” because of Covid-19, as stated by the Central Board of Indirect Taxes and Customs on a social media platform.

Representations were made on the grounds that due to the COVID-19 pandemic-related lockdown and restrictions; the operations of many businesses have still not been possible in several parts of the country.

The statement also held it was requested to extend the due dates for the same beyond October 31, 2020, to enable the businesses and auditors to comply in this regard.

The CBIC had said that in view of the same, on the recommendations of the GST Council, it was decided to extend the due date for filing Annual Return, which consists of “Form GSTR-9/GSTR-9A” and “Reconciliation Statement” which consists of “FORM GSTR-9C” for Financial Year 2018-19 from October 31, 2020, to December 31, 2020.

CBIC extended due date of GST Annual Return

What is FORM GSTR-9?

FORM GSTR-9 is an annual return that needs to be filed yearly by the taxpayers. The taxpayers must be registered under the Goods and Services Tax (GST). It consists of specifics relating to the outward and inward supplies made or received under various tax heads. The annual return needs to be furnished mandatorily by the taxpayers who have an aggregate annual turnover above Rs 2 crore.

What is FORM GSTR-9C?

FORM GSTR-9C involves a statement of reconciliation between GSTR-9 as well as the audited annual financial statement. The reconciliation statement needs to be furnished by the registered individuals who have an aggregate turnover above Rs 5 crore.

Previously the government has also extended the deadline for filing GST annual return and audit report for the financial year 2018-19 by a month till 31st October 2020. So as to give more time to the taxpayers in order to furnish the Income Tax Returns, the government has decided to extend the due date for furnishing of Income-Tax Returns as under:

The due date for furnishing IT Returns for the taxpayers which include their partners has been extended. The taxpayers who were required to get their accounts audited before the extension by the said notification according to the Act was 31st October 2020, which now has been extended to 31st January 2021.

The due date was extended for furnishing IT Returns for the taxpayers who are required towards furnishing the report relating to international/specified domestic transactions. The due date before the extension by the said notification according to the Act was 30th November 2020, which now has been extended to 31st January 2021.

The due date was also extended for the furnishing of IT Returns for the other taxpayers. The due date was before the extension by the said notification according to the Act was 31st July 2020, which now has been extended to 31st December 2020.

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