Is Gstr 9C due date extended?
The taxpayers are required to file the GSTR-9 form and GSTR-9C for Financial Year 2020-21, by 31st December 2021 anyhow.43rd GST Council Meeting Updates for Annual Return Form.
Taxpayers with a turnover exceeding Rs. 5 crore in the previous financial year are required to file Form GSTR-9C on a self-certification basis. This change is applicable from FY 20-21 onwards. Further, Form GSTR-9C will be modified to support self-certification by the taxpayer.14-Jul-2022
What is the due date for Gstr 9 for FY 2021 22?
December 31, 2022
“The council extends the due date of GSTR 9 and GSTR 9C till 30th June 2020 from 31st March 2020 for the FY 2018-19.GSTR 9C Due Date for FY 2021-22.
What is the penalty for late filing of Gstr-9 and 9C?
GSTR 9C Late Fees and Penalty However, any delay in filing the GSTR 9C within the prescribed deadline attracts the penalty clause of the GSTR 9C audit return form, and the taxpayer is liable to pay a late fee of ₹200 per day (₹100 each under CGST and SGST) as penalty.
Form GSTR-9C is required to be filed by every registered person whose aggregate turnover is above a certain threshold during the financial year, as notified by way of Notifications issued by Government of India from time to time.
When Gstr 9C is mandatory?
Taxpayers whose aggregate turnover in a financial year exceeds Rs 2 Crores need to file GSTR-9C. The GSTR-9C must be digitally signed by the GST Auditor and must report all discrepancies or liabilities in filing any of the GST returns during the financial year.30-Jun-2022
If a taxpayer fails to file both Annual Return and Form GSTR-9C, then he is liable to a fee of Rs. 200/- per day during which the default continues (Rs. 100 under CGST law + Rs.12-Jan-2022
Who is applicable for Gstr 9 and 9C?
The GSTR-9 form is an annual return that has to be filed by all registered taxable persons under GST. The GSTR-9C is the GST reconciliation Statement for a particular FY on or before 31st December. The reconciliation must also be certified by a CA for the companies having a turnover of more than 5 crores.16-Mar-2022
Due Date, late fee and penalty For example, the due date of GSTR-9 for FY 2020-21 is 31st December 2021. However, for FY 2020-21, the due date stands extended up to 28th February 2022 through Central Tax notification 40/2021 dated 29th December 2021.
What is the turnover limit for GST annual return FY 2021-22?
Rs. 2 crores
Filing ITR Due Date for Assessment Year 2022-23 (Audit Cases) For audit cases, the general due date for filing the Income Tax Return is Sept 30, 2022. The CBDT has extended the deadline until Oct 7th, 2022.
What is turnover limit for GST audit?
GST Audit Based on Turnover: This type of audit is performed by the Cost Accountant or the Chartered Accountant appointed/hired by the taxpayer. According to the CGST Act, this audit is conducted when the turnover exceeds the limit of ₹ 2 crores, and the taxpayer needs to get audits for their records and accounts.31-May-2022
GSTR-9C is a reconciliation statement required to be furnished by a taxpayer whose turnover exceeds Rs. 2 crore in a financial year while filing his annual return in form GSTR-9. It should be prepared and certified by a Chartered Accountant/ Cost Accountant.12-Jan-2022
Is annual return mandatory?
The return consists of details such as inward/outward supplies, taxes paid, refund claimed, demand raised and ITC availed by the taxpayer. All registered taxpayers are required to file GSTR-9 except : Casual taxpayers.12-Jan-2022
28th February 2021 The due date to file GSTR-9 & GSTR-9C for the FY 2019-20 has been further extended up to 31st March 2021.12-Jan-2022
Is there any chance to extend GST annual return?
It's important for taxpayers to understand that the ITR that is currently being filed is for the financial year 2021-22, i.e., for the incom Last week, the revenue secretary clarified that the government has no plans of extending the due date for the ITR filing deadline of July 31
There is no specific provision. Hence, it is subject to a general penalty of Rs. 25,000.05-May-2022
What is the difference between 9 and 9C?
GSTR 9 is an Annual Return all Tax Payers must file and GSTR 9C is a an Annual Reconciliation Statement that Tax payers with over Rupees 2 crore annual aggregate turnover should file. Many Tax Payers are often confused about who should file the returns.
The CBIC has exempted GST-registered taxpayers with annual aggregate turnover up to Rs. 2 crore in FY 21-22 from filing Form GSTR-9. The due date to file GSTR-9 & self-certified GSTR-9C for the FY 2020-21 has been extended up to 28th February 2022.14-Jul-2022
Who is exempt from filing Gstr 9?
The Central Board of Indirect Taxes and Customs ( CBIC ), on the recommendations of the GST Council, has exempted taxpayers having turnover up to 2 crores from the filing of annual returns in forms GSTR-9 and 9A.06-Jul-2022
Is Gstr 9C due date extended?