Deadline To File Annual GST Returns Of Fiscal 2020-21 Extended Till February 28
The deadline for filing GST returns for the financial year 2020-21 has been extended till February 28
The government has extended by two more months the deadline for businesses to file Goods and Services Tax (GST) annual returns for the financial year 2020-21. The Central Board of Indirect Taxes and Customs has extended the deadline from December 31, 2021 to February 28, 2022.
The Central Board of Indirect Taxes has extended the due date for submission of annual return in Form GSTR-9 and self-attested reconciliation details in Form GSTR-9C for the financial year 2020-21 from 31.12.2021 to 28.02.2022. and Customs (CBIC) announced this in a tweet late on Wednesday night.
The due date for submission of annual return in Form GSTR-9 and self-attested reconciliation details in Form GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022. Notification No. 40/2021-Central Tax dated 29.12.2021 has been issued to this effect. pic.twitter.com/0USdsoIMET
Advertisement— CBIC (@cbic_india) December 29, 2021
GSTR 9 is the annual return filed annually by the registered taxpayers under the Goods and Services Tax (GST). It contains details about outward and inward supplies made or received under various tax heads. GSTR-9C is a statement of reconciliation between GSTR-9 and the audited annual financial statement.
Furnishing of annual return is mandatory only for taxpayers with total annual turnover of more than Rs 2 crore, whereas a reconciliation statement is to be furnished only by registered persons with aggregate turnover of more than Rs 5 crore.
Also, the 46th GST Council meeting under the chairmanship of Finance Minister Nirmala Sitharaman will be held in Delhi on December 31. The meeting will be an extension of the pre-budget meeting with state finance ministers on December 30.
The council is expected to discuss the report of the group of finance ministers of states on rate rationalization, which will be presented during the meeting. It is also likely to discuss reforms in duty reversal in certain commodities.
