1. The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a corrigendum to rectified the notified dates of GSTR-9 and GSTR-9C for Uttar Pradesh.
2. The CBIC said that, Due Date for GSTR-9 and GSTR-9C for Uttar Pradesh February 7, 2020. Earlier, the CBIC had extended the due date of filing GSTR-9 and GSTR-9C for FY 2017-18 in a staggered manner for different groups of States to 5th and 7th February 2020. GSTR-9 is an annual return to be filed yearly by taxpayers registered under GST.
3. It consists of details regarding the outward and inward supplies made/received during the relevant previous year under different tax heads i.e. CGST, SGST & IGST and HSN codes. Basically, it is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year.
4. Though complex, this return helps in extensive reconciliation of data for 100% transparent disclosures. The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST & Rs 100 under SGST will be applicable in case of delay.
5. Thus, the total liability is Rs 200 per day of default. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.