Deadline for filing FY19 GST annual returns extended till Dec 31

government on Saturday extended deline for furnishing GST annual returns for FY 2018-19 by two months till December 31.

government h last month extended last date for filing GST annual return and audit report for 2018-19 fiscal by a month till October 31, 2020.

In a statement, Central Board of Indirect Taxes and Customs (CBIC) said government has been receiving a number of representations regarding need to extend due date for filing Annual Return (Form GSTR-9) and Reconciliation Statement (Form GSTR-9C) for FY 2018-19.

representations have been me on grounds that due to COVID-19 pandemic related lockdown and restrictions, rmal business operations have still t been possible in several parts of country, it said.  statement said it has been requested that due dates for same be extended beyond October 31, 2020, to enable businesses and auditors to comply in this regard.

"In view of same, on recommendations of GST Council, it has been decided to extend due date for filing Annual Return (Form GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from October 31, 2020 to December 31, 2020," CBIC said.  GSTR 9 is an annual return to be filed yearly by taxpayers registered under Goods and Services Tax (GST). It consists of details regarding outward and inward supplies me or received under different tax hes.

GSTR-9C is a statement of reconciliation between GSTR-9 and audited annual financial statement.

Furnishing of annual return is mandatory only for taxpayers with an aggregate annual turver of above Rs 2 crore while reconciliation statement is to be furnished only by registered persons having aggregate turver above Rs 5 crore.