GSTR-9 & GSTR -9C Simplification & Due Dates Extension

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GSTR-9, According to the press release the Government has decided today 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 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these forms by making various fields of these forms as optional.

Central Board of Indirect Taxes & Customs (CBIC) today 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. Various representations regarding challenges faced by taxpayers in filing of GSTR-9 and GSTR-9C were received on which by the Government has acted in a very responsive manner.

It may be noted that earlier the last date for filing of GSTR-9 and GSTR-9C for Financial Year 2017-18 was 30 th November 2019 while that for Financial Year 2018-19 was 31 st December 2019. Notifications implementing the decisions as above have been issued today

In earlier press release the government had extended the due date for GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) to 30th Nov 2019 but the tax professionals were demanded the simplification for GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) forms.

And despite this simplification the tax professionals are demanding  the amendment/ revision of  of Form GSTR3B, scrap late fees , to allow Form GSTR-10 without late Fees, scrap 20% ITC provision, abolition GST Reverse Charge and more go for simplification. which is a big hurdle in GST implementation. 



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