GSTR-9 of FY 2019-20 now available on GST Portal
Central Board of Indirect Taxes(CBIC) has now made available a Facility for filing GSTR-9 or GST Annual Return for FY 2019-20 on GST Portal.
As per the statement available on GST Portal, the facility to file GSTR-9 (GST Annual Return is now available on GST Portal. The Form is enabled for taxpayers whose table 8A computation has been completed. Computation of table 8A of the said return for auto-population from returns is in progress which is likely to be completed soon. Please ensure that all applicable returns of the said year have been filed before attempting to file the said return.
GSTR-9 is an Annual Return Required to be filed by Taxpayers registered under GST. It contains:
- Details of Outward/Inward Supplies made under GST During the year.
- Details of Tax paid/Input Taken under various tax heads like CGST, SGST, IGST etc.
- It is like a consolidation of monthly data filed in GSTR-3B, GSTR-1 and GSTR-2A.
- GSTR-9 required extensive reconcilliation for 100% Tax disclosures.
Due Date for filing GSTR-9 for FY 2019-20.
Stakeholders may note that the due date for filing GST Annual Return for FY 2019-20 is 31st December 2020. There are high chances that this date will be extended as the due date for filing GSTR-9 for FY 18-19 is also the same.
Late Fees for Filing GSTR-9
The Late Fees for filing Return is Rs. 200 per day (Rs. 100 in CGST Act and Rs. 100 in SGST/UTGST Act applicable). There is no late fees under IGST Act. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory.
Optional GSTR-9 Filing
Please note that it is optional for registered taxpayers having aggregate Turnover up to Rs. 2 Cr. to file GSTR-9. Also note that it is optional for registered taxpayers having aggregate Turnover up to Rs. 5 Cr. to file GSTR-9C or GST Audit.
The post GSTR-9 of FY 2019-20 now available on GST Portal appeared first on Studycafe.
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