"We request... to provide appropriate relaxation to the registered persons and extend due dates of filing GST annual return and GST audit for the year 201819 by 3 months till December 31, 2020. This would provide needed relaxation to the trade, in combating the circumstances arising out of coronavirus," the ICAI said.
The government had in May extended thelast date for filing annual GST return for financial year 2018-19 by three months till September 2020.
EY Tax PartnerAbhishek Jain said COVID-19 has not only dramatically affected the lives of people but has also brought various businesses to a standstill.
"Under current scenario, where the industries are struggling, the focus has shifted to keep the operations running vis-a-vis meeting compliance deadlines. As such, this move of the ICAI, filing a representation seeking extension in the due dates for GST annual return and audit report by 3 months, will be much appreciated by the industry" and if accepted by the government, it would provide the requisite breathing space to businesses, Jain added.
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. GSTR-9C isa statement of reconciliation between GSTR-9 and the audited annual financial statement.
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