So, you want to know the extended due date of GSTR 9 and 9C for the Financial Year 2018-19, right? It is true that the due date of GSTR 9 and 9C is extended. And it is the most waited news.
GSTR 9 Due Date
The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date of filing GSTR 9 and GSTR 9C for the Financial Year 2018-19 by a month. The new due date is 31/10/2020. Earlier, the due date was 30/09/2020.
As you know, GSTR 9 is the annual return and GSTR 9C is the reconciliation statement. Both are very important for the purpose of GST compliance.
In GSTR 9, you have to provide detailed information about your Outward Supply and Inward Supply throughout the year. It is a combination of GSTR 1, GSTR 2A, and GSTR 3B filed during the relevant financial year. But the important point is, if GSTR 9 once file, it can not be rectified again. So, proper care must be required at the time of filing GSTR 9.
Tweet from CBIC
According to The Central Board of Indirect Taxes and Customs (CBIC)
“After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR-9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020″. (Source: Official Twitter Account of CBIC).
So, it is very much clear that the new due date is 31/10/2020.
Is GSTR 9 Mandatory?
There is a big confusion among the taxpayers about the filing of GSTR 9. Is it mandatory or optional? If the annual turnover is up to Rs. 2 Crore, then the filing of GSTR 9 is optional. However, if the annual turnover is more than Rs. 2 Crore, then the GSTR 9 filing is mandatory.
On the other hand, GSTR 9C is optional if the annual turnover is up to Rs. 5 Crore during the Financial Year.
Now you get another chance to rectifying mistakes (if any) in the return filed by you. So, prepare your GSTR 9 very clearly and file it on time. Maybe, there will be no further extension of the due date, again.