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Government extends deadline for filing annual GST return for FY21

The due date to file GSTR 9 & 9C for FY20-21 has been extended to February 28, 2022 from December 31, 2021

The government has extended the deadline for businesses to file goods and services tax (GST) returns for fiscal year 2020.21 The submission deadlines for GSTR 9 and 9C for fiscal year 2021 have been extended to February 28, 2022 to December 31, 2021, the Central Council for Indirect Taxes and Customs (CBIC) announced on Wednesday.

The deadline for providing the annual declaration in FORM GSTR9 and the self-certified reconciliation declaration in FORM GSTR9C for fiscal year 202021 has been extended from 12.31.2021 to 02.28.2022, ”a tweet read.

Annual return to be filed annually by registered goods and services tax (GST) taxpayers. Consists of details of inbound and outbound supplies made or received under different tax headings. GSTR9C is a reconciliation statement between GSTR9 and the financial statements On the other hand, the Goods and Services Tax (GST) Council will meet on Friday on the eve of several key GST-related changes in the in the new year, including changes in tax rates in the textile and footwear industries. , for which, cotton, silk and wool fabrics, mats, coconut fiber, carpets and floor coverings, clothing and clothing accessories with a sales value of up to 1000 and shoes of a prices of up to 1000 per pair will be moved to 12% of the slab from 5% currently.

The central government has decided to put into effect a dozen amendments to the Central Goods and Services Taxation Act (CGST) as of January 1 to further strengthen the indirect tax system.

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