Government on Saturday extended due dates for filing Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY19 from 31 October, 2020 to 31 December 2020. Representations have been made on the grounds that due to the COVID-19 pandemic related lockdown and restrictions, normal business operations have still not been possible in several parts of the country.
The statement said it has been requested that the due dates for the same be extended beyond 31st October 2020 to enable the businesses and auditors to comply in this regard.
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 while GSTR-9C is a statement of reconciliation between GSTR-9 and the audited annual financial statement.Last month, the government extended the deadline for filing GST annual return and audit report for the financial year 2018-19 by a month till 31st October 2020. Furnishing of the annual return is mandatory only for taxpayers with an aggregate annual turnover above ₹2 crore, while reconciliation statement is to be furnished only by the registered persons having an aggregate turnover above ₹5 crore.