NEW DELHI: The federal government has prolonged the deadline for submitting GST (items and companies tax) annual return and audit report for 2018-19 fiscal 12 months by a month until October 31.
“After acquiring due clearances from the Election Fee in view of the Mannequin Code of Conduct, authorities has prolonged due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020,” the Central Board of Oblique Taxes and Customs (CBIC) tweeted.
In Could, the federal government had prolonged the final date for submitting annual GST return for 2018-19 by three months until September 2020.
GSTR-9 is an annual return to be filed by taxpayers registered beneath the GST regime. It consists of particulars concerning the outward and inward provides made or acquired beneath totally different tax heads.
GSTR-9C is an announcement of reconciliation between GSTR-9 and the audited annual monetary assertion.
EY tax associate Abhishek Jain stated this would supply the a lot wanted reduction to companies who had been struggling to finalise the GST annual returns and GST audit certification due to the challenges on account of the Covid-19 pandemic.
“Whereas this one is sorted, companies are additionally eyeing for a leisure on the e-invoicing compliances by making it a voluntary one for just a few months, which is slated for necessary implementation from tomorrow,” Jain added.

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