The norms for filing GST annual return and Reconciliation statement, the GSTR-9 and GSTR-9C, have been recently relaxed by the Ministry of Finance. Simultaneously, several parts of these forms have been simplified to reduce the compliance burden on industry experts and business enterprises. Recent Update: In the Union Budget 2021, that was presented on 1 February 2021, the Finance Minister proposed to remove the concept of GST audit. Furthermore, she also suggested that GSTR-9 can be self-certified. If ratified by the GST council, GSTR- 9C will be eliminated. The Government is yet to announce the financial year from when this will be applicable. Important: The due date to file GSTR-9 and GSTR-9C for Financial Year 2019-20 is 31 March 2021. This article will briefly list the changes made in the format of GSTR-9 and GSTR-9C forms (for FY 2019-20).
*In Table 8C, credit that was availed between April 2018 to March 2019 For FY 2017-18, has to be declared (on the value of ITC availed on all inward supplies received from July 2017 to March 2018). For FY 2018-19, the credit availed between April 2019 to September 2019 needs to be declared in Table 8C (on the value of ITC availed on all inward supplies received from April 2018 to March 2019). **For FY 2017-18, the particulars reported between April 2018 and March 2019 and for FY 2018-19, the particulars reported between April 2019 and September 2019 have to be declared.
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