In significant relief to local dealers complaining of too much of compliances under Goods and Service Tax (GST), the deadline of December 31 to file the GST annual return has been extended by three months to March 31 2019.
According to a statement made by the Central Board of Indirect Taxes and Customs, the due date for filing Form GSTR-9, GSTR-9A and GSTR-9C has been extended till March 31 2019.
While Form GSTR 9 relates to the filing of annual return, GSTR-9C concerns the reconciliation statement and GSTR-9A has to be filled by dealers under composition scheme.
All dealers whose turnover is above Rs two crore have to file a reconciliation statement that is required to be certified by a chartered accountant. It is estimated that 25 per cent of dealers in the state have turnover above Rs two crore and required to file the reconciliation or audit statement (form GSTR- 9C.”
Dealers in the state were earlier complaining of bunching of compliances in the month of December and filing of lengthy returns becoming a time consuming process. Dealers said that, the format of filing the tax return was also not uploaded on the GST website.
One dealer who spoke to the Navhind Times said that, the deadline had to be extended as the form was not uploaded on the website. He added, “The extension in deadline was more because the GST software was not ready.”
The demand to extend the deadline was also at the all-India level by the Confederation of All India Traders (CAIT) which asked the government to forward the last date.
On the other hand, reacting to complaints from local dealers, a senior official of the commercial tax department said that, the filling of the GST annual annual report is not as cumbersome as it is made out to be. “Most of the information is reconciliation of the past information. The figures are auto-generated and only 10 per cent of the data has to be filled by the tax payer,” said the official. He added that, even the audit report is not a new thing because all dealers for income tax reason had to get their income statement audited by chartered accountants. “The audit report is not a separate exercise as in the past all businessmen (with turnover above Rs two crore) had their accounts audited by CAs,” he said.
Meanwhile the requisite forms will be made available on the GST common portal shortly, said sources.