Goods and Services Tax was ruled out by the Government of India on 1st July 2017, the main aim behind this tax was to replace multiple taxes that are paid by the taxpayers by this one tax. GST is an indirect tax that is levied on the supply of various goods and services. It won’t be wrong to say that, it is one tax for the entire nation.
As per the GST LAW and under GST regime, all the registered dealers are supposed to file this return for the following: –
- Output GST on sales of goods and services
- The input tax credit, for the tax, paid on purchases
There are several GST returns that are filed by the traders who are registered under GST and one among them is GSTR-9, it is a return that is filed annually. It is filed by the regular traders who file GSTR-1, GSTR-2 and GSTR-3. Generally, there are three types of returns under GSTR 9, they are as follows: –
- GSTR 9A: It is filed by those traders who are registered under the composition scheme of the GST Act.
- GSTR 9B: This form is filed by the E-commerce operators who have filed GSTR-8 during the relevant Financial Year.
- GSTR 9C: it is filed by those traders who have an annual turnover of more than Rs. 2 Cr during the relevant Financial Year. The taxpayers are also supposed to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with the GSTR 9C.
The due date to file GSTR 9, 9A and 9C were 31st December 2018, for the Financial Year 2017-18, but now the last date has extended to 31st July 2019. This extension was declared several days after Confederation of All India Traders (CAIT) requested Union Finance Minister Mr. Arun Jaitley to extend the due date.
As per the statement issued by Central Board of Indirect Taxes and Customs (CBIT), it has decided to extend the due date for filing form GSTR-9, form GSTR-9A and form GSTR-9C till July 31, 2019, as the requisite forms were not available for the taxpayers on the GST portal, but the requisite Forms will be made available on the GST common portal shortly, so that taxpayers can file the said returns before the due date.