While the deadline for filing of annual return for fiscal FY19, is set on December 2019, the GST council during its 35th meet has extended the due date for filing the same for FY18. Notably, the deadline for filing GSTR-9 for fiscal 2017-18 has been extended on multiple occasions in the past few months. Earlier the deadline was set at June 30,2019. GSTR-9 form is referred as annual return, and is needed to be filed by all normal taxpayers including SEZ units and SEZ developers irrespective of their entity’s turnover. Details like outward supplies, inward supplies, taxes paid, refund claimed, demand raised or input tax credit for filing GSTR-9. 

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Here’s a step-by-step guide for filing GSTR-9:

Step 1 - Firstly visit the website - www.gst.gov.in. Use your user id and password for login. 

ClearTax said last week told Zee Business Online, "Taxpayers must file their GST returns before the deadline passes as this can not only save late fees but also  helps avoid penalties and the even more challenging demand notice or the prosecution that may ensue. Further, the annual reconciliation done while filing GSTR-1 at many times reveals possible tax differences between GST returns and books of accounts."

He added, "Thus, any short payment of tax has to be fulfilled along with applicable interest. Huge interest can be saved by timely reconciliation and filing of annual returns."