Facility to file annual GST return in Form GSTR-9 for FY 2019-20 is now available on the GST portal. The amusing part here is that this has been done at time when the tax payers are already engrossed in filing of GSTR-9 of the earlier financial year viz FY 2018-19.
It may be noted that as per Notification No. 47/2019-Central Tax dated 9-10-2019 as amended by, Notification No. 77/2020- Central tax, dated 15-10-2020 filing of annual return for FY 2017-18, 2018-19 and 2019-20 is optional for taxpayers having aggregate turnover upto Rs 2 crore
It has been intimated by GST that the Form GSTR-9 is enabled for taxpayers whose table 8A computation has been completed. Computation of the table 8A of the said return for auto population from returns is under progress which is likely to be completed soon.
It may be noted here that in table 8A of Form GSTR-9 the figures of ITC as per GSTR-2A (table 3 &5 thereof) is mentioned.
It has been specified by GSTN that taxpayers need to ensure that all applicable returns of the said year have been filed before attempting to file the said return.
What is due date of filing of GSTR-9 for FY 2019-20
As per Section 44(1) of the CGST Act,2017 the annual return is to be furnished by 31st December of the next fiscal. Accordingly the annual return for FY 2019-20 is to be furnished by 31-12-2020.
However as we all know that as per Notification No. 80/2020- Central Tax, dated 28-10-2020 the due date of filing of GSTR-9 for FY 2018-19 was extended till 31-12-2020 and thus it is expected that due date of filing of annual return for FY 2019-20 may be extended as same date may not be there for both the financial years.
However we need to wait for official announcement in this regard, till then you should endeavor to keep your GSTR-9 ready.
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