The Government has to extend the
due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C
(Reconciliation Statement) for Financial Year 2017-18 to December 31, 2019 and
for Financial Year 2018-19 to March 31, 2020.
It has also decided to simplify
these forms by making various fields of these forms as optional.
The Central Board of Indirect Taxes
& Customs (CBIC) on Thursday notified the amendments regarding the
simplification of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement)
which inter-alia allow the taxpayers to not to provide split of input tax
credit availed on inputs, input services and capital goods and to not to
provide HSN level information of outputs or inputs, etc. for the financial year
2017-18 and 2018-19.
The Central Board of Indirect Taxes
& Customs (CBIC) on Thursday notified the amendments regarding the
simplification of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement)
which inter-alia allow the taxpayers to not to provide split of input tax
credit availed on inputs, input services and capital goods and to not to
provide HSN level information of outputs or inputs, etc. for the financial year
2017-18 and 2018-19.
CBIC expects that with these
changes and the extension of deadlines, all the GST taxpayers would be able to
file their Annual Returns along with Reconciliation Statement for the financial
years 2017-18 and 2018-19 in time.
Since the returns were not
simplified, the extension is not a surprise. However, frequent extensions and
delay in non-simplification has been a let down for businesses. Our sense is
that businesses are ready to comply with GSTR-9 so they can move on and prepare
for the new simplified return filing system.
Earlier the last date for filing of
GSTR-9 and GSTR-9C for Financial Year 2017-18 was November 30, while that for
Financial Year 2018-19 was December 31.
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