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GST Annual return for fiscal year 2018-19 extended upto September 30, 2020

In one notification, the Board permitted assesses to file annual return for fiscal year 2018-19 by September 30

as against earlier date of June 30. It is mandatory to file an annual return. There are three annual return forms, GSTR 9, GSTR 9A and GSTR 9C. Every GST assessee (those who submitted all the monthly return forms of GSTR 3B and GSTR 1) has to file an annual return in GSTR 9.

Among these assessees, every registered taxable person whose turnover during a financial year exceeds 2 crore, will also be required to get his accounts audited by a chartered accountant or a cost accountant and then submit a reconciliation statement in GSTR 9C along with GSTR 9. The assessees under the composition scheme (businesses with turnover up to 1.5 crore) will be required to file the GSTR 9A form.

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