The Union Finance Minister Nirmala Sitaraman presided over the 50th meeting of the GST Council on 11th July 2023 at Vigyan Bhawan in New Delhi including Revenue Secretary, CBIC chairman.
The council has recommended to extend the amnesty schemes notified vide notifications dated 31.03.2023 regarding non-filers of FORM GSTR-4, FORM GSTR-9 & FORM GSTR-10 returns, revocation of cancellation of registration and deemed withdrawal of assessment orders issued under Section 62 of Central Goods and Services Tax Act, 2017, till 31.08.2023.
Form GSTR-4 (Annual Return) is an yearly return to be filed once, for each financial year, by the taxpayers who have opted for composition scheme during the financial year, or were in Composition scheme for any period, during the said financial year, from 1st April, 2019 onwards.
Form GSTR-9 is an annual return to be filed once for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. in this return.
It is to be filed by a person who is registered as a normal taxpayer, including SEZ unit or SEZ developer and the taxpayers who have withdrawn from the composition scheme to normal taxpayers any time during the financial year.
Note: Composition taxpayers can file Annual Return in Form GSTR-9A.
Annual Return is not required to be filed by casual taxpayer / Non Resident taxpayer / ISD/ OIDAR Service Providers.
A person subject to taxation, whose registration for Goods and Services Tax (GST) is terminated or voluntarily given up, is required to submit a return known as the Final Return in Form GSTR-10. This return provides information about the inventory held by the taxpayer on the day immediately preceding the effective date of cancellation. The Final Return must be filed within three months from the date of cancellation or the date of the cancellation order, whichever is later.
However, the GST Council has clarified that the amnesty scheme notified in the notifications regarding the non-filers of Form GSTR-4, Form GSTR-9 and Form GSTR-10 has been extended till 31st August 2023. The non-filers can fill the same within the prescribed time.
Also Read: GST Reduction on 4 products: GST Council
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