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Home Articles Goods and Services Tax - GST VinayGandhi B Experts This |
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Changes in Form GSTR 9 & 9C applicable for FY 2019-20 |
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Changes in Form GSTR 9 & 9C applicable for FY 2019-20 |
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Goods and Services Tax (GST) is now already more than 3 years old but we have completed GST audit of the first 9 months of GST implementation i.e. for period July 2017 to March 2018. The 2ns year annual return is in progress and not the 3rd year i.e. FY 2019-20 is ready. There were many concessions given during the first 2 financial years. There was a doubt in many minds whether the same will be extended to FY 2019-20 or not. Here is the solution. CBIC has issued notification no. 79/2020 – Central Tax dated 15.10.2020 amending CGST rules, 2017 wherein there are some options/concessions in filing Form GSTR 9 & 9C even for FY 2019-20. This article tried to brief such changes.
Applicability – Rule 80 of CGST Rules 2017 has been amended to continue the limit of Aggregate Turnover exceeding ₹ 5 Crores for filing GSTR 9C for FY 2019-20. Form - Whatever concessions available for FY 2017-18 & 2018-19 are continued even for FY 2019-20. Author may be contacted at ca.vinaygandhi@gmail.com for any queries relating to GST.
By: VinayGandhi B - October 19, 2020
Discussions to this article
As Tables 12B and 12C are optional, can auditor report the entire figure in Table 12A without giving breakup into 12B and 12C?
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