New Delhi. The central government has given big relief to the traders. The government has extended the deadline for filing GST Annual Return by two more months for the financial year 2020-21 ending in March 2021. Now businessmen will be able to file returns till February 28, 2022. Earlier this deadline was 31 December 2021.
The Central Board of Indirect Taxes and Customs ie CBIC gave this information by tweeting late on Wednesday night. CBIC said that the due date for filing Annual Return in Form GSTR-9 and submission of Self-Certified Reconciliation Statement in Form GSTR-9C for the financial year 2020-21 has been extended from December 31, 2021 to February 28, 2022.
The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022. Notification No.40/2021-Central Tax dated 29.12.2021 to this effect has been issued. pic.twitter.com/0USdsoIMET
— CBIC (@cbic_india) December 29, 2021
What is GSTR 9
GSTR 9- Taxpayers registered under GST have to file annual returns. GSTR-9 is to be filed under section 44(1) of the Central GST 2017. It contains complete information about outward and inward supplies under different tax heads.
The rules of GST will change from January 1,
It is worth noting that many major changes are going to happen in the GST system from January 1, 2022. These include tax liability on e-commerce service operators on services provided in the transport and restaurant sector. Apart from this, changes in the duty structure in the footwear and textile sector will also be applicable from January 1, 2022, under which all types of footwear will attract 12% GST while all textile products (except cotton) including readymade garments will attract 12% GST.
After the new change, it will be the responsibility of e-commerce service providers like food delivery platforms Swiggy and Zomato to collect GST in lieu of restaurant services provided by them and deposit it with the government.
