GSTR 9 & 9C Due Date Extended for FY 2020-21

Finally, the government has extended the deadlines for GSTR 9 & 9C after several requests. 

The government has ultimately extended the due date for the annual return form GSTR 9 & GSTR 9C, i.e. self-certified statement forms, for the fiscal year 2020-21. The new due date to file GSTR-9C & GSTR-9C for FY 2020-21 is 28.02.2022 instead of 31.12.2021. A Notification No. 40/2021-Central Tax dated 29.12.2021 was issued in this respect.

Read the full Notification related to the extension of the GSTR-9 & 9C due date here.

GSTR 9 & 9C Due Date Extension Requested by Sales Tax Bar Assoc. for FY 2020-21 

The Sales Tax Bar Association requested an extension of the due dates for filing Annual Returns in Form GSTR-9 and GSTR-9C in an application to Finance Minister Nirmala Sitharaman dated December 10, 2021. 

The deadline for filing Annual Returns and Reconciliation Statements for the period 01.04.2020 to 31.03.2021 is previously set for December 31, 2021, which also happens to be the deadline for submitting the Income Tax Audit Report Balance Sheet, Profit and Loss Account, which is set for January 15, 2022. According to the Association, a considerable number of taxpayers will be unable to file yearly returns until the end of the Income Tax audit. As a result, the association requested to extend the deadlines for GSTR-9 & 9C filing by at least two months. 

Annual Return Updates from the 43rd GST Council Meeting 

1. Finance Act 2021 introduced a new amendment to sections 35 and 44 of the CGST Act. Assesses will be allowed to self-certify the reconciliation statement instead of having it approved by chartered accountants, making compliance with FORM GSTR-9C (reconciliation statements) easier. This change in GST law is effective for the FY 2020-21 Annual Return form GSTR 9C. 
2. For taxpayers with ATTO (Annual Aggregate Turnover) up to INR 2 Crore, the GSTR 9 annual return form will be optional for the financial year 2020-21. 
3. Taxpayers with an ATTO of more than INR 5 crore will be required to file a GSTR 9C reconciliation statement form for the financial year 2020-21. 
4. The government also stated that filling out these forms will be easier now that many columns and files have been made optional. 
5. For FY 2020-21, there is no requirement to provide HSN level information of outputs or inputs, etc. 
6. The extension of the GSTR 9 & 9C due dates provides taxpayers with additional opportunities to complete their annual GST returns on time, with clarity and correctness, as required by the government. 

How Can GSTrobo® Help You? 

The GST annual return is significant because it provides taxpayers with a once-a-year opportunity to evaluate and correct errors in any of the returns submitted during that year. Small small and medium enterprises with no prior experience with such tasks will find it much more difficult and demanding. Furthermore, because the GSTR-3B filing deadlines have been extended numerous times throughout the year, calculating the penalty, interest, and late fee has become more time-consuming. 

As a result, you’ll need a professional GST return filing tool for your enterprise that can assist you in submitting GSTR-9 & 9C with ease. As a result, GSTrobo® gives you GST software, the most convenient solution for filing annual GST Return (GSTR-9 & 9C). 

The GSTrobo® GST software has practically all of the functionality you’ll need to file your GSTR 9: 

1. Preparation of GSTR 9, GSTR 1, 3B, 2A, GSTR 2B, and the purchase register (ITC register) 
2. Complete reconciled data from all portals. 
3. AI-based GST reconciliation 
4. Import and export data via returns, Excel, JSON, and other sources 

While the GSTR 9C Audit Form has the following features: 

1. GSTR 9C can be prepared using GSTR-1, 3B, the Purchase Register (ITC register), and filed GSTR-9. 
2. Auditor’s masters and a facility for importing 
3. Validate JSON from portal and e-file through EVC/DSC 
4. Import data via returns, Excel, JSON, and other sources 
5. Export data from excel & JSON file