GST Deadline Extended - Exhibition Stall Builder

GST Deadline Extended – Exhibition Stall Builder

Exhibition Stall Builder – GST Deadline Extended

The government has extended the deadline to file the annual GST return for the last financial year 2017-18. GST assesses now have until 30 November 2019 to file their FY 2017-18 annual tax returns, extended from the earlier 31 August 2019. The due date for filing annual return forms and annual audit forms for the financial year 2017-18 i.e. GSTR-9, GSTR-9A and GSTR-9C respectively was primarily December 31, 2018, which was already extended to August 31, 2019. The annual return form, GSTR-9 is an annual summary of the supplies made by a registered entity, tax paid on such supplies, input tax credit claimed, ineligible credits, demands and refunds, and the HSN on outward and inward supplies.

GSTR-9C is applicable to only those Companies or Exhibition Stall Builder who must get their annual accounts audited under the GST laws. Both GSTR-9 and GSTR-9C consists of numerous reconciliations which would assist the department in reconciling the details as provided in monthly returns with the data in the books of accounts.

Important Dates for GST Return

This is the fourth extension from the original deadline of December 2018 and the said decision has been taken on account of technical glitches being faced by the taxpayers and Exhibition Stall Builder in filing the said returns. According to Priyajit Ghosh, Partner, Indirect tax, PwC India , the extension for 2017-18 is expected to bring relief on several counts.

“First, several technical issues are being faced by the taxpayers such as the JSON files (the data is converted into this file format and uploaded to GSTN for electronic filing) are rejected upon upload to GSTN without indication of error, digital signature related problem. While GSTN has addressed the issues on time to time basis, the extension will help both GSTN and the taxpayers,” says Ghosh.

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