Finance Ministry notifies Simplified GST Annual Return and Reconciliation Statement [Read Notification]

File GSTR-9 - GST Annual Returns - Annual Return GST - Taxscan

The Ministry of Finance has notified the simplified GST Annual Return ( GSTR-9) and Reconciliation Statement (GSTR-9C). The Government has also decided to simplify these forms by making various fields of these forms is optional.

The Central Board of Indirect Taxes & Customs ( CBIC ) has notified the amendments regarding the simplification of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) which inter-alia allow the taxpayers to not to provide split of input tax credit availed on inputs, input services and capital goods and to not to provide HSN level information of outputs or inputs, etc. for the financial year 2017-18 and 2018-19.

The CBIC expects that with these changes and the extension of deadlines, all the GST taxpayers would be able to file their Annual Returns along with Reconciliation Statement for the financial years 2017-18 and 2018-19 in time.

Various representations regarding challenges faced by taxpayers in the filing of GSTR-9 and GSTR-9C were received on which by the Government has acted in a very responsive manner.

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