Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
Open DEMAT Account with in 24 Hrs and start investing now!
GST - Goods and Services Tax »
Open DEMAT Account in 24 hrs
 Deadline For Filing Annual GST Return Extended
 CBIC extends deadline for filing GST Annual Returns
 GST: CBIC notifies new Rule restricting the use of ITC for discharging the Output Tax liability
 Rajasthan High Court allows petitioner to apply to GST Council to get CENVAT Credit benefit
 Govt. cancels GST Registration of 163k Business entities for Non-Filing of Tax Returns
  GST Allahabad HC upholds Provisional attachment of Bank Accounts and FDR as it was issued for protecting interest of Government revenue
 GST: Allahabad HC upholds Provisional attachment of Bank Accounts and FDR as it was issued for protecting interest of Government revenue
 GSTN enables option for opting quarterly filing of GST returns under QRMP Scheme
 New guidelines for UPI payment of GST
  New rules to sign up for GST
 GST registration of defaulters under lens
 The Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd. branches from November 27, 2020

CBIC extends deadline for filing GST Annual Returns
December, 31st 2020

The Central Board of Indirect Taxes and Customs ( CBIC ) has extended the filing of GST Annual Returns ( GSTR-9 ) for the Financial Year 2019-2020 till February 28th, 2021.

Earlier, the due date was December 31. There have been demands to extend the date for two reasons: first, the pandemic, and second, the due date for annual returns for FY19-20 is December 31.

GSTR-9 is an annual return to be filed yearly by taxpayers registered under GST. It consists of details regarding the outward and inward supplies made/received during the relevant previous year under different tax heads i.e. CGST, SGST & IGST and HSN codes. Basically, it is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year. Though complex, this return helps in extensive reconciliation of data for 100% transparent disclosures. The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST & Rs 100 under SGST will be applicable in case of delay. Thus, the total liability is Rs 200 per day of default. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST

Home | About Us | Terms and Conditions | Contact Us
Copyright 2021 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting