Extension Of Time Limit To Furnish Annual Return For F.Y. 2018-19

Updates on Notification Issued on 30th Sept 2020
The Government had provided an extension of the time limit to furnish Annual Return in Form 9 & 9C for the F.Y. 2018-19 till 30 September 2020 vide Notification No. 41/2020-Central Tax dated 05 May 2020.
Considering the pandemic and representations received from varied industries, the time limit to furnish Annual Return for F.Y. 2018-19 has been further extended till 31 October 2020 vide Notification No. 69/2020-Central Tax dated 30 September 2020.
The Government has considered the extension in view of the model code of conduct after due clearances from the Election Commission.
As per Rule 80 of Central Goods and Service Tax Rules, 2017(‘CGST Rules’, 2017), the following registered persons are required to furnish Annual Return for the F.Y. 2018-19:

Sr. No.

Aggregate Turnover Limit in F.Y. 2018-19

Form GSTR 9

Form GSTR 9C

1.

Up to INR 2 CroresOptional*

Not required

2.

Above INR 2 Crores to INR 5 CroresMandatory

Not required

3.

Above INR 5 CroresMandatory

Mandatory

*The Board has vide Notification No. 47/2019-Central Tax dated 09 October 2019 made it optional for registered persons whose aggregate turnover in a financial year does not exceed INR 2 Crores for furnishing Annual Return in Form 9 for F.Y. 2018-19.
It is pertinent to note that the due date for submission of Annual Return for F.Y. 2019-20 continues to be 31 December 2020 as per section 44 (1) of Central Goods and Service Tax Act, 2017 (‘CGST Act’, 2017)in the absence of any clarification from the Board in this Regard.

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