New
Delhi, Aug 26 The finance ministry on Monday said the last date for filing
annual GST returns has been extended by three months to November 30 as
taxpayers were facing technical problems in furnishing returns.
Earlier, GST taxpayers were to file required returns
by August 31.
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"It is hereby informed that the last date for
furnishing of annual return in the Form GSTR-9 / Form GSTR-9A and
reconciliation statement in the Form GSTR-9C for the financial year 2017-18 is
extended from August 31, 2019 to November 30, 2019," the Central Board of
Indirect Taxes & Customs (CBIC) said in a statement.
GSTR 9 is an annual return to be filed yearly by
taxpayers registered under the Goods and Services Tax (GST). It consists of
details regarding the outward and inward supplies made or received under
different tax heads.
While extending the date, the CBIC said
"certain technical problems are being faced" by the taxpayers as a
result annual return for the period July 1, 2017 to March 31, 2018 could not be
furnished by persons registered under GST.
GSTR-9C is filed by those whose annual turnover
exceeds Rs 2 crore. It is a statement of reconciliation between GSTR-9 and the
audited annual financial statement, while GSTR-9A is the annual return to be
filed those who have opted for the Composition Scheme under GST.
What is the consequence of non-filing the return?
Failure to file annual return shall attract a late fee of INR 200 per day during the period of failure, subject to a maximum of 0.25% of the said Financial Year's turnover.
Failure to file annual return shall attract a late fee of INR 200 per day during the period of failure, subject to a maximum of 0.25% of the said Financial Year's turnover.
Whether the annual return can be revised
As there is no
specific provision in GST law to revise the annual return hence, based upon the
current version of the law, it appears that once filed the same cannot be
revised. 
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