Due date of GSTR 9 and GSTR 9C for FY 2018-19

Due date of GSTR 9 and GSTR 9C for FY 2018-19
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Due date of GSTR 9 and GSTR 9C for FY 2018-19

The decision to extend the due date of furnishing the GST Annual Return (FORM GSTR 9) and GST Audit (FORM GSTR 9C) for the financial year 2018-19 has been extended to 30th June 2020.

Note: Any notification or removal of difficulty order in this regard is awaited.

Screenshot from press release  relating to Annual Return dated 14th March 2020

 

GSTR 9 – Annual GST Return for regular taxpayers

The due date for furnishing Annual Return (GSTR 9) for a regular taxpayer for the financial year 2018-19 is extended to 30th June 2020 from 31st March 2020.

Note: Furnishing of Annual Return will be MANDATORY only for taxpayers whose aggregate annual turnover is more than Rs. 5 crores for the financial year 2018-19.  The decision for the same was taken in 39th GST Council Meeting dated 14th March 2020.

Note: Earlier the furnishing of Annual Return for regular taxpayers whose aggregate annual turnover is upto Rs. 2 crores in a financial year was made optional for financial years 2017-18 and 2018-19. A CGST Notification no. 47 dated 9th October 2019 was issued after the decision for the same was taken in 37th GST Council Meeting. The notification also stated that if the return is not furnished before the due date it shall be deemed to be furnished on the due date.

 

GSTR 9C – Annual Audit

  • The due date for furnishing Annual Audit/ Reconciliation Statement (GSTR 9C) for a regular taxpayer whose annual turnover is more than Rs. 2 crores for the financial year 2018-19 is extended to 30th June 2020 from 31st March 2020.

Note: Furnishing of Annual Reconcialiton (Audit) will be MANDATORY only for taxpayers whose aggregate annual turnover is more than Rs. 5 crores for the financial year 2018-19.  The decision for the same was taken in 39th GST Council Meeting dated 14th March 2020.

 

GSTR 9A – Annual GST Return for composition taxpayers

  • Composition taxpayers were granted a waiver from furnishing the GST Annual Return in Form GSTR 9A for the financial year 2018-19.  Do note that if the return is not furnished before the due date it shall be deemed to be furnished on the due date. The decision for the same was taken in 37th GST Council Meeting.

 

LATE FEES 

  • The decision was taken that the late fees shall be waived off for delay in furnishing GSTR 9 and GSTR 9C for the taxpayers whose annual aggregate turnover is upto Rs. 2 Crore for the financial year 2017-18.

Note: The late fees have been waived off for FY 2017-18 and not 2018-19


Due dates for the following returns for FY 2018-19

Form

Who has to file

Due Date

Form GSTR 9

Regular taxpayer 30th June 2020
Form GSTR 9C If turnover exceeds Rs. 5 Cr.

30th June 2020

Form GSTR 9A

Composition Taxpayer

30th June 2020



The article is compiled by CA Ankita Khetan. If you have any queries concerning the above article. Please write to us either in the comments section below or email the author on info.financepost@gmail.com.

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