Press Release Annual Return (GSTR-9) and Reconciliation Statement (GSTR 9C) for FY 2018-19 Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual return for the FY 2018-19 has been extended till 31.10.2020.
Certain representations have been received stating that the auto-populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18.
However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19.
Taxgen Comment on above: Since the annual return gives an option to report transaction of current year declared in next year returns in Pt. V Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return ( For 2017-18 31st March 2019 ) of previous FY whichever is earlier. In crux : If you have shown transaction of 2017-18 in that very annual return , then its okay , if not then there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19.
3. In this regard, it is clarified that the taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or adjusted are to be ignored. No adverse view would be taken in cases where there are variations in returns for taxpayers who have already filed their GSTR-9 of Financial Year 2018-19 by including the details of supplies and ITC pertaining to Financial Year 2017-18 in the Annual return for FY 2018-19.
4. All the taxpayers are requested to avail the benefit of the extended due date and file their Annual Return (FORM GSTR-9) at the earliest to avoid last-minute rush.
5.It may be noted that furnishing of the Annual return in FORM GSTR-9 is mandatory only for taxpayers with aggregate annual turnover above Rs. 2 Cr. while reconciliation statement in FORM GSTR9C is to be furnished only by the registered persons having aggregate turnover above Rs. 5 Cr.
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