Quick Summary
Vide notification No. 69/2020 Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020. Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also i
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The due date for furnishing the Annual Return (GSTR-9) for FY 2018-19 has been extended to 31st October 2020.
Taxpayers are required to report only the values pertaining to Financial Year 2018-19. Values pertaining to Financial Year 2017-18, whether already reported or adjusted, are to be ignored. No adverse view will be taken if GSTR-9 of FY 18-19 was filed with FY 17-18 details included.
Furnishing the Annual return in FORM GSTR-9 is mandatory only for taxpayers with an aggregate annual turnover above Rs. 2 crore.
The reconciliation statement in FORM GSTR-9C is to be furnished only by registered persons having an aggregate turnover above Rs. 5 crore.
The notification provides clarifications on how to report data for FY 18-19 in GSTR-9, addressing concerns about auto-populated data from the previous financial year.
CAclubindia
