CBIC EXTENDS GSTR-9 AND GSTR-9C FILING DATES FOR F.Y 2018-19
What is GSTR-9?
GSTR-9 is an annual return to be filed yearly by taxpayers registered under the goods and services tax (GST). It consists of details regarding the outward and inward supplies made or received under various tax heads.
What is GSTR-9C?
GSTR-9C is a statement of reconciliation between GSTR-9 and the audited annual financial statement.
Taxpayers with an aggregate annual turnover above Rs. 2 Crore, has to mandatorily furnish GSTR-9 and Reconciliation statement is to be furnished only by the registered persons having an aggregate turnover above Rs.5 crore.
On Saturday 24th October, Central Board of Indirect Tax and Customss have extended due dates for filing Annual return (GSTR-9) and Reconciliation Statement (GSTR-9C) for financial year 2018-19 from 31st October 2020, to 31st December 2020.
This decision was taken by the Central Board of Indirect Tax and Custom because due to the COVID-19, there is no normal operation of business has been taken place in several parts of the country.
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