Government extends the limit GST annual filing deadline for FY21 to 28th February

Government extends the limit GST annual filing deadline for FY21 to 28th February

The central government has extended the limit for businesses to file Goods and Services Tax (GST) annual returns for FY 2020-21. The last dates to file GSTR 9 & 9C for FY20-21 have been extended to 28th February 2022 from 31st December 2021, announced the Central Board of Indirect Taxes & Customs (CBIC) on Wednesday.

It said in a tweet.

"The due date for fit out annual returns in FORM GSTR-9 & self-certified conciliation statement in FORM GSTR-9C for a financial year 2020-21 has been extended from 31st December to 28th February,"

GSTR 9 is an annual return filed yearly by taxpayers registered under the Goods and Services Tax. It consists of details regarding the inward and outward supplies made or received under different tax heads. GSTR-9C is a reconciliation statement between GSTR-9 and the audited annual financial report.

Government extends the limit GST annual filing deadline for FY21 to 28th February 1pixabay image

Read More: GST and other changes will come into effect from 1st January

On the other hand, the Goods and Services Tax (GST) Council will meet on Friday on the eve of several key GST-related amendments scheduled to be coming into effect in the new year, including tax rate changes in the textile and footwear sectors.

The Council decided on the rate changes at its last meeting in September, as per which woven fabrics of cotton, silk and wool, coir mats, matting, and floor covering apparel and clothing accessories of sale value up to ₹1,000, and footwear priced up to ₹1,000 a pair will be moved to 12% slab from the current 5%.

The central government decided to bring a dozen amendments to the Central Goods and Services Tax (CGST) Act from 1st January, tightening the indirect tax regime further.

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