The due date for furnishing annual return in FORM GSTR 9 and self-certified reconciliation statement in FORM GSTR 9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022. Notification No.40/2021-Central Tax dated 29.12.2021 to this effect has been issued.
GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST). It consists of details regarding the outward and inward supplies made or received under different tax heads.
GSTR-9C is a statement of reconciliation between GSTR-9 and the audited annual financial statement.
Furnishing of the annual return is mandatory only for taxpayers with aggregate annual turnover above Rs 2 crore while a reconciliation statement is to be furnished only by the registered persons having aggregate turnover above Rs 5 crore.
Therefore, Requirement of GSTR 9 and 9C is as follows-
| Turnover | GSTR 9 | GSTR 9C |
| less than 2 crores | Optional | Not required |
| More than 2 crores upto 5 crores | Compulsory | Optional |
| More than 5 crores | Compulsory | Compulsory |
Disclaimer:The article or blog or post (by whatever name) in this website is based on the writer’s personal views and interpretation of Act. The writer does not accept any liabilities for any loss or damage of any kind arising out of information and for any actions taken in reliance thereon.
Also, www.babatax.com and its members do not accept any liability, obligation or responsibility for author’s article and understanding of user.
For Collaborating with us-
- Mail us at [email protected]
- Whatsapp us at +91-7024984925
