GST ANNUAL RETURN FILING DATE EXTENDED TO MARCH 31, 2019

By on 11-12-2018

GOVERNMENT EXTENDS GST ANNUAL RETURN FILING DATE TO MARCH 31, 2019 

GSTR-9 ANNUAL RETURN

 GSTR 9 form is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGSTand IGST. It consolidates the information furnished in the monthly/quarterly returns during the year.

 WHO SHOULD FILE GSTR 9 ANNUAL RETURN?

All the registered taxable persons under GST must file GSTR 9 form. However, the following persons are not required to file GSTR 9

• Casual Taxable Person
• Input service distributors
• Non-resident taxable persons
• Persons paying TDS under section 51 of GST Act.

 WHAT ARE DIFFERENT TYPES OF RETURN  UNDER GSTR-9 FORM?

There are 4 types of return under GSTR 9 :

1. GSTR 9: GSTR 9 should be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3.
2. GSTR 9A: GSTR 9A should be filed by the persons registered under composition scheme under GST.
3. GSTR 9B: GSTR 9B should be filed by the e-commerce operators who have filed GSTR 8 during the financial year.
4. GSTR 9C: GSTR 9C should be filed by the taxpayers whose annual turnoverexceeds Rs  2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

GOVERNMENT EXTENDS GST ANNUAL RETURN FILING DATE TO MARCH 31, 2019 

Days before the final deadline of December 31, 2018 to file GST Annual Return, the government has announced an extension by three months till March 31, 2019. 

According to a statement by Central Board of Indirect Taxes and Customs (CBIC), it has been decided to extend the due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C till March 31, 2019. “The requisite FORMs shall be made available on the GST common portal shortly. Relevant order is being issued,” said the statement.