CBIC issues Clarification on Optional Filing of GST Annual Return [Read Circular]

GSTR-9C JSON file - GSTR-9 - GST Annual Return - GST - Composition Scheme - Taxscan

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification regarding the optional filing of GST annual return under notification No. 47/2019- Central Tax dated 9th October, 2019.

As per proviso to sub-rule (1) of rule 80 of the CGST Rules, a person paying tax under section 10 is required to furnish the annual return in FORM GSTR-9A. Since the said notification has made it optional to furnish the annual return for FY 2017-18 and 2018-19 for those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees,.

The CBIC clarified that, the taxpayers under composition scheme, may, at their own option file FORM GSTR-9A for the said financial years before the due date. After the due date of furnishing the annual return for the year 2017-18 and 2018-19, the common portal shall not permit furnishing of FORM GSTR-9A for the said period.

As per sub-rule (1) of rule 80 of the CGST Rules, every registered person other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return as specified under sub-section (1) of section 44 electronically in FORM GSTR-9. Further, the said notification has made it optional to furnish the annual return for FY 2017-18 and 2018-19 for those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees.

The CBIC also clarified that the taxpayers, may, at their own option file FORM GSTR-9 for the said financial years before the due date. After the due date of furnishing the annual return for the year 2017-18 and 2018-19, the common portal shall not permit furnishing of FORM GSTR-9 for the said period.

While concluding the Circular, the CBIC also said that, if any registered taxpayer, during the course of reconciliation of his accounts, notices any short payment of tax or ineligible availing of the input tax credit, he may pay the same through FORM GST DRC-03.

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