The Government is likely to miss the deadline of making the new forms available for annual GST return filing within the stipulated time in order to make the annual filing of GST return by traders and companies in time.
Earlier, the Government has extended dates of filing of form GSTR-9, GTSR 9A and GSTR-9C for FY 2017-18 to December 31, 2019 and for FY 2018-19 to March 31, 2020.
So, it is the second time in a row that the government has to extend the dates for simplifying the forms with the aim of making various fields of these forms as optional. The fields that are optioned out are for capital goods, machinery dealers and composition dealers, but even after a month, its online facility could not be started.
The Central Board of Indirect Taxes and Customs (CBIC) passed amendments on November 14 to simplify annual return forms GSTR-9 and GSTR-9C. In the simplified format which is supposed to be coming soon, the taxpayers are exempted to provide split of Input Tax Credit availed on inputs, input services and capital goods. They are also not required to furnish HSN level information of output or inputs,etc for the FY 2017-18 and 2018-19.
