New Annual GST Return forms notified by CBIC

3 Jan
New Annual GST Return forms notified by CBIC

The Central Board of Indirect Taxes and Customs (CBIC) on December 31, 2018 has notified new Annual GST return forms viz. GSTR-9, GSTR-9A and GSTR-9C, which are required to be filed by businesses registered under the Goods and Services Tax regime by June 30, 2019.

GSTR-9 is the annual return form under GST for normal taxpayers, GSTR-9A is for required to filed by the assesses who opted for composition taxpayers and GSTR-9C is a reconciliation statement.

Assesses have to provide consolidated details of Sales, Purchases and Input Tax Credit (ITC) benefits accrued to them during the FY 2017-18, in the annual return forms prescribed under GST.

Stakeholders had raised objections on the previous notified GST annual return forms.

The GST Council in its recent meeting held on December 22, 2018 at New Delhi, has decided to extend the due date for filing GST annual return to June 30, 2019.