Last month the government extended the due date for filing GSTR-9 and GSTR-9C For filing GSTR-9 & GSTR-9C the due dates are extended up to 31st December 2019 for FY 2017-18 and 31st March 2020 for FY 2018-19. So you can also file GSTR 9, 9C via Gen GST Software before the due date and avoid penalty. Additionally, the CBIC also simplified and modified forms GSTR-9 and GSTR-9C and makes several fields of these forms optional. These all changes and extending the due date are a very big relief for taxpayers. All the changes done by CBIC are listed below.
Following Terms or Informations are now converted to Optional:
1. A taxpayer need to utilize the extended time and they have to make sure to fill the GSTR-9 & GSTR-9C are filed on time.
2. If Businesses failed to fill the same in due date last time, then they have to solve those issues and fill both in due time with proper procedure. Any Taxes unpaid should be paid immediately.
3. A Taxpayers need to follow and apply the clarifications regularly. It will also keep authorities updates so so that they can do all the required changes.
Extension in due date with all new modifications in GSTR-9 and GSTR-9C is surely beneficial and a relief for all taxpayers. Extension in due date this time is the fourth extension so far, It comes after the report of technical glitches while the taxpayers are filing the returns. With these steps the Government expecting that all taxpayers would be able to file GSTR-9 (Annual Returns) and GSTR-9C (Reconciliation Statement) in time for the financial year 2017-18 and 2018-19.