LAST DATE EXTENDED TILL 31.10.2020 AND THEN TO 31.12.2020 TO FILE ANNUAL GST
RETURNS INFORM GSTR-9 AND FORM GSTR-9CFOR 2018-19
The Goods and Services Tax Act, 2017 came into force with
effect from 1.7.2017 in India.
The taxpayers have to file FORM GSTR-9 and FORM GSTR-9A before
31st December of the succeeding financial year.
Similarly the taxpayer whose annual aggregate turnover
exceeds Rs. 5 Crores for the Financial Year 2018-19 has to file FORM GSTR-9C
before 31st December of the succeeding financial
year.
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The time limit to file the Annual Returns for the year
2018-19 has been extended from 31.12.2019 to 31.3.2020 (as per Notification
No.8/2020) and then extended to 30.6.2020 (as per Notification No.15/2020 dated
23.3.2020). Then the time limit to file
annual returns in FORM GSTR-9, FORM GSTR-9A AND FORM GSTR-9C has been extended
till 30.9.2020 vide Notification No.41 Central Tax dated 5.5.2020.
Now the time limit to file annual returns in FORM GSTR-9, AND FORM GSTR-9C has been extended till 31.10.2020 vide
Notification No.69 Central Tax dated 30.9.2020.
The relevant Notification is given below for ready
reference:
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section
(i)]
Government of India Ministry
of Finance (Department of Revenue)
Central Board of Indirect Taxes
and
Customs
Notification No.
69/2020 – Central Tax
New Delhi, the 30th September, 2020
G.S.R.....(E).– In exercise of the powers conferred by sub-section (1) of section 44 of the
Central Goods and Services Tax Act, 2017 (12 of 2017), read with rule 80 of the Central Goods and
Services Tax Rules,
2017, the Commissioner, on the recommendations of the
Council, hereby makes the following amendment
in the notification of Government of India
in the Ministry of Finance (Department of Revenue), No. 41/2020-Central Tax, dated the 5th May, 2020, published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i),
vide number G.S.R. 275(E),
dated the 5th May, 2020,
namely:-
In the said notification, for the figures, letters and words “30th September, 2020”, the figures,
letters and words “31st October, 2020” shall be substituted.
[F. No. CBEC-20/06/09/2019-GST] (Pramod
Kumar)
Director,
Government
of India
Note: The principal notification No. 41/2020 - Central Tax, dated the 5th May, 2020, was
published in the Gazette of India, Extraordinary, vide number G.S.R. 275(E), dated the 5th
May,
2020.
Ministry
of Finance
Extension of due dates for Annual
Return and Reconciliation Statement for 2018-19
Posted
On: 24 OCT 2020 3:45PM by PIB
The 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 2018-19 on the
grounds that on account of the COVID-19 pandemic related lockdown and
restrictions, normal operation of businesses have still not been possible in
several parts of the country. 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.
In view of the same, on the recommendations of the GST
Council, it has been decided to extend the due date for filing Annual Return
(FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial
Year 2018-19 from 31st October 2020 to 31st December, 2020.
Notifications to give effect to this decision would follow.
It may be noted that filing of Annual Return (FORM GSTR-9/
GSTR-9A) for 2018-19 is optional for taxpayers who had aggregate turnover below
Rs. 2 crore. The filing of reconciliation Statement in FORM 9C for 2018-19 is
also optional for the taxpayers having aggregate turnover upto Rs. 5 crore.
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Ministry
of Finance
Extension of due date of furnishing
of Income Tax Returns and Audit Reports
Posted
On: 24 OCT 2020 2:27PM by PIB
In view of the challenges faced by taxpayers in meeting the
statutory and regulatory compliances due to the outbreak of COVID-19, the
Government brought the Taxation and Other Laws (Relaxation of Certain
Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter
alia, extended various time limits. The Ordinance has since been replaced by
the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions)
Act.
The Government issued a Notification on 24thJune, 2020 under the Ordinance which, inter
alia, extended the due date for all Income Tax Returns for the FY 2019-20
(AY 2020-21) to 30th November, 2020. Hence, the returns of income which were
required to be filed by 31st July, 2020 and 31st October, 2020 are required to be
filed by 30th November, 2020. Consequently, the date for furnishing various
audit reports including tax audit report under the Income-tax Act, 1961 (the
Act) has also been extended to 31st October, 2020.
In order to provide more time to taxpayers for furnishing
of Income Tax Returns, it has been decided to further extend the due date for
furnishing of Income-Tax Returns as under:
(A) The due date for
furnishing of Income Tax Returns for the taxpayers (including their partners)
who are required to get their accounts audited [for whom the due date (i.e.
before the extension by the said notification) as per the Act is 31st October,
2020] has been extended to 31st January, 2021.
(B) The due date for furnishing of Income Tax
Returns for the taxpayers who are required to furnish report in respect of
international/specified domestic transactions [for whom the due date (i.e.
before the extension by the said notification) as per the Act is 30th November,
2020] has been extended to 31st January, 2021.
(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the extension by the said notification) as per the Act was 31st July, 2020] has been extended to 31st December, 2020.
Consequently, the date for furnishing of various audit
reports under the Act including tax audit report and report in respect of
international/specified domestic transaction has also been extended to 31st
December, 2020.
Further, in order to provide relief to small and middle
class taxpayers, the said notification dated 24th June, 2020 had also extended
the due date for payment of self-assessment tax for the taxpayers whose
self-assessment tax liability is up to Rs. 1 lakh. Accordingly, the due date
for payment of self-assessment tax for the taxpayers who are not required to
get their accounts audited was extended from 31st July, 2020 to 30th November,
2020 and for the auditable cases, this due date was extended from 31st October,
2020 to 30th November, 2020.
In order to provide relief for the second time to small and
middle class taxpayers in the matter of payment of self-assessment tax, the due
date for payment of self-assessment tax date is hereby again being extended.
Accordingly, the due date for payment of self-assessment tax for taxpayers
whose self-assessment tax liability is up to Rs. 1 lakh has been extended to
31st January, 2021 for the taxpayers mentioned in para 3(A) and para 3(B) and
to 31st December, 2020 for the taxpayers mentioned in para 3(C).
The necessary notification in this regard shall be issued
in due course.
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