No Extension for Filing GST Annual Return & GST Audit of FY 19-20!

As per a news update by the Business Line, the Finance Ministry has clarified that they have made no extension of due date for Filing GST Annual Return & GST Audit of FY 19-20.

Thus as expected, their has been no extension of due date for filing GSTR-9 & GSTR-9C as of now.

Source: Bussiness Line

Due Date for filing GSTR-9 & GSTR-9C for FY 2019-20

Stakeholders may note that the due date for filing GST Annual Return for FY 2019-20 is 31st December 2020. Interestingly, a utility for filing GSTR-9 & GSTR-9C has been made available recently only.

What if GST Annual Return & GST Audit of FY 19-20 are not filed?

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.