The government has extended by a month the due date for filing annual goods and services tax returns for the financial year ended March 2019 to help businesses meet compliance norms amid the disruptions caused by the Covid-19 pandemic.
The new deadline for filing annual GSTR-9 and GSTR-9C returns has been extended to Oct. 31 from Sept. 30 earlier, the Central Board of Indirect Taxes and Customs said in a tweet.
Every registered taxpayer with an annual turnover of more than Rs 5 crore is required to get his accounts audited and file audited annual returns.
The industry, including Institute of Chartered Accountants in India, had sought a three-month extension in deadline for filing annual returns. That’s because businesses were running with partial strength, and the focus was on keeping operations running rather than meeting compliance.
The extension given to taxpayers will be helpful as…