November 5, 2024

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Govt extends FY21 GST annual return submitting deadline until February 28

The authorities has prolonged by two months until February 28 the deadline for companies to file GST annual returns for 2020-21 fiscal ended March 2021.
“The due date for furnishing annual return in FORM GSTR-9 & 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,” the Central Board of Indirect Taxes & Customs (CBIC) stated in a late-night tweet on Wednesday.
GSTR 9 is an annual return to be filed yearly by taxpayers registered below the Goods and Services Tax (GST). It consists of particulars relating to the outward and inward provides made or obtained below completely different tax heads.

GSTR-9C is a press release of reconciliation between GSTR-9 and the audited annual monetary assertion.
Furnishing of the annual return is obligatory just for taxpayers with combination annual turnover above Rs 2 crore whereas a reconciliation assertion is to be furnished solely by the registered individuals having combination turnover above Rs 5 crore.

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