Official Handle of the Central Board of Indirect Taxes & Customs (CBIC) tweeted, “After obtaining due clearances from the Election Commission in view of the Model Code of Conduct, Government has extended due date for furnishing Annual Return in GSTR 9 and GSTR 9C for 2018-19 from 30.09.2020 to 31.10.2020. Notification follows.”
Business having annual turnover of more than Rs 5 crore, are required for GST Audit for Financial Year 2018-19. For the same financial year (FY 2018-19) requirement of GST Audit, for business with turnover less than Rs 5 crore is waived off.
Read Also: GST Audit Turnover for FY 2018-19 – GSTR 9 and GSTR 9C
GST Annual return is filed in Form GSTR-9. It contains the detailed summary of outward supply, taxes paid thereon, input tax credits claimed, taxes paid and refund claimed in the financial year. For FY 2018-19, Form GSTR 9 is mandatory for turnover more than Rs 2 crores.
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