Relief for GST taxpayers: Govt extends deadline for filing GSTR 9, 9C returns till October-end

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Updated: Sep 30, 2020 5:04 PM

The government has extended the due date for furnishing annual returns in GSTR-9 and GSTR-9C by one month.

GST, GSTR 9, GSTR 9C, input tax credit, tax refund, tax complianceGSTR-9 is an annual return form consisting of details of purchases, sales, input tax credit, refund claimed or demand created, etc.

The government today extended the deadline for filing the annual return in GSTR-9 and GSTR-9C for 2018-19 from 30 September to 31 October 2020. After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, the government has extended the due date for furnishing annual return in GSTR-9 and GSTR-9C, the Central Board of Indirect Taxes (CBIC) said in a tweet. The move is expected to give some relief to large taxpayers amid the implementation of e-invoicing from 1 October 2020. 

In view of the COVID pandemic, the government has finally acceded to the request of tax filers for extending the timelines for filing the annual return for FY 2018-19 by a month, Rajat Mohan, Senior Partner, AMRG & Associates, told Financial Express Online. This extension is expected to bring respite to millions of taxpayers including large taxpayers who are battling with the implementation of e-invoicing from 1 October 2020, Rajat Mohan added.

GSTR-9 is an annual return form that has to be filed by GST registered taxpayers, giving details of purchases, sales, input tax credit, refund claimed or demand created, etc, while  GSTR-9C is an audit form that has to be filed annually by taxpayers with a turnover above 2 crores, and it must be certified by a CA. GSTR-9C is a reconciliation statement between the annual returns filed in GSTR-9 and the taxpayer’s audited annual financial statements.

“With the extension, both the ITR filing date for audit cases and the annual GST returns will now fall due on the same dates. Taxpayers must start preparing well in time for both to meet the concurrent due dates,” Archit Gupta, Founder and CEO – ClearTax, told Financial Express Online. 

Pandemic forced many sectors to change their existing business models as well as strategies to stay afloat in the industry. Instead of this, the SME sector is still working under the pressure of lockdown as well as less generated income. “Filing of GSTR-9 and 9C is a very time-consuming process and at this crucial moment, spending time in GSTR-9 would mean compromising on business recovery.  This decision is a big relief to businesses who are struggling with their revenues and GST annual returns, so they can now focus on business development rather than struggling with GST compliance,” Rajesh Gupta, Co-Founder and Director, BUSY Accounting Software, told Financial Express Online.

Last month, the Goods and Services Tax Network ( GSTN ) had enabled taxpayers to download document wise details, such as Input Tax Credit, of Table 8A of Form GSTR-9, from the portal in excel format. In addition, the excel file also consisted of details from Form GSTR-1/GSTR-5 filed till 31 October of the following year. The new feature was expected to help the taxpayers in reconciling the values appearing in Table 8A of Form GSTR 9,  thus making the filing of Form GSTR 9 easier. 

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