You are here: Home » Economy & Policy » News » GST
Business Standard

Govt notifies new annual GST return forms; to be filed by June 30

GSTR-9 is the annual return form for normal taxpayers, GSTR-9A is for composition taxpayers, while GSTR-9C is a reconciliation statement

Press Trust of India  |  New Delhi 

GST
GST

The has notified new annual return forms, which are required to be filed by businesses registered under the regime by June 30, 2019.

In the annual return forms, businesses have to provide consolidated details of sales, purchases and input credit (ITC) benefits accrued to them during the 2017-18 fiscal.

The and Customs (CBIC) on December 31, 2018, notified form GSTR-9, GSTR-9A and GSTR-9C.

GSTR-9 is the annual return form for normal taxpayers, GSTR-9A is for composition taxpayers, while GSTR-9C is a reconciliation statement.

Trade and industry bodies had raised several objections on annual return filing forms, which were earlier notified in September last year. Following this, the CBIC has notified the new forms.

Partner said "it is disheartening to witness that only minor modifications have been made in these forms and all other demands have been rejected. Primary demand of industry was to do away with the requirement of segregating Inputs, input service, and capital goods, which has been outrightly rejected".

Mohan said the CBIC has limited the preparation of code wise inward summary details only for those supplies which independently account for 10 per cent or more of the total supplies. "This would be of some relief to taxpayers," he added.

Initially, the due date for filing the annual return form was set at December 31, 2018. In view of industry concerns, the then extended the date till March 31, 2019.

The Council in its recent meeting on December 22, 2018, has decided to extend the due date further to June 30, 2019.

First Published: Tue, January 01 2019. 20:05 IST
RECOMMENDED FOR YOU