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GST council likely to extend date of filing annual return

Businesses are likely to get extra time for filing their Goods and Services Tax (GST) annual return and audit report for FY19, hence, the government may extend the last date of filing Goods and Services Tax (GST) annual return and audit report for the financial year 2019.

The deadline to file GST return and audit report for FY18 is November 30, which was already extended by three months in August after considering the numerous changes in rules and the difficulties faced by them in shifting to a new technology-reliant indirect tax regime

The businessmen also faced technical glitches and problems in reconciliation.

GST Annual Return and GST Audit contain two forms GSTR 9 and GSTR 9C required to be filed by the taxpayer. GSTR 9 is the consolidation of all returns filed, while GSTR 9C is the reconciliation of financial statements with the returns filed.

The GST Council may take this decision soon, although there’s no clarity if it will be decided in the upcoming GST meet going to be held on September 20.

Author: Niranjan Reddy

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