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Annual return for 2019-20

Emerson.C (Asst., Manager) (218 Points)

30 December 2020

is annual returns for fy 2019-20 mandatory or optional.

if it is mandatory then what is due date for the return. 31st dec or 31st Mar 2021.

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11 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 December 2020

Yes annual return is mandatory for every taxable persons
last date is 31st March 2021

prasad Nilugal (3914 Points)
Replied 30 December 2020

Is it extended ?.

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 December 2020

No extension till now

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 30 December 2020

As per section 44(1) of the CGST act 2017 last date is 31/12/2020 please confirm .

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 December 2020

Last date is march 31, 2021

prasad Nilugal ( GST Practitioner & Accounts ) (14167 Points)
Replied 30 December 2020

How it is 31/3/2021 ?. will you please give any section or rule of CGST /SGST act or Notification reference .

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 December 2020

The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021.

Earlier, the due date was December 31. There have been demands to extend the date for two reasons: first, the pandemic and second, the due date for annual returns for FY19 is December 31.

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debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 30 December 2020

the due date for the return 31st december

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 December 2020

The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31, 2021.

Earlier, the due date was December 31. There have been demands to extend the date for two reasons: first, the pandemic and second, the due date for annual returns for FY19 is December 31.
There are mainly two annual returns GSTR 9 and 9C. GSTR-9 is the annual return to be filed by every GST registered taxpayer irrespective of their turnover. GSTR-9C is the reconciliation statement to be submitted by those GST registered taxpayers to whom GST audit applies, that is those taxpayers whose turnover exceeds ₹2 crore.

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 ₹2 crore. The filing of reconciliation statement in FORM 9C for 2018-19 is also optional for the taxpayers having aggregate turnover upto ₹5 crore.

The late fees for not filing the GSTR 9 within the due date is ₹100 per day, per act. That means late fees of ₹100 under CGST & ₹100 under SGST will be applicable in case of delay. Thus, the total liability is ₹200 per day of default. This is subject to a maximum of 0.25 per cent of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.

Emerson.C (Asst., Manager) (218 Points)
Replied 30 December 2020

This is optional in case of below 2 crores

Shivam RC (Student) (23683 Points)
Replied 30 December 2020

The due date to file Annual Return ( FORM GSTR-9 ) and Reconciliation Statement & Audit Report ( FORM GSTR-9C ) for FY 2019-20 has been extended to "28th February 2021". An extension of 2 months have been given by the Government from the original due date of 31st December 2020.

Note that Press Release has been issued by the Department of Revenue under Ministry of Finance, Government of India. Official Notifications are awaited...

Warm Regards,
Shivam RC.

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