Days before the final deadline of December 31, 2018 to file GST Annual Return, the government has announced an extension by three months till March 31, 2019.
According to a statement by Central Board of Indirect Taxes and Customs (CBIC), it has been decided to extend the due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C till March 31, 2019. “The requisite FORMs shall be made available on the GST common portal shortly. Relevant order is being issued,” said the statement.
FORM GSTR-9 and FORM GSTR-9A have been notified dated 04.09.2018 while FORM GSTR-9C has been notified dated 13.09.2018 as part of the CGST Rules.
There has been a clamor to extend the deadline with The Confederation of All India Traders (CAIT) on Thursday urging the finance minister Arun Jaitley to extend the last date for filing annual goods and services tax return. CAIT said that the format of filing of annual GST return is not available anywhere including the GST website.
“Under such circumstances, it will not be possible for the traders to file their annual GST return by the stipulated period and as an immediate measure, the CAIT has urged to extend the last date of filing annual GST return up to March 31, 2019, for the period 2017-18.”
The Government has now increased the timelines for taxpayers under 9A, 9C and 9. According to the law failure to file an annual return shall attract a late fee of Rs 200 per day during the period of failure, subject to a maximum of 0.25% of the said Financial Year’s turnover.
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