Extension pe extension pe extension! That pretty much sums up the status of GSTR-9 filing. If you are running a business yourself or dealing with its taxes; GSTR-9 has likely become the bane of your existence.
What just happened?
The first-ever GST annual return is now due; a good long 20 months after the end of the FY to which it belongs. Take that!
Return for FY 2017-18 is due on the 30th of November 2019. From the earlier due date of the 31st of August 2019, it has been extended by three months.
Also Read: Instructions to file GSTR-9C-Reconciliation Statement by GSTN
As a CA, what can I do?
Without a doubt, you have spent valuable man days, your own and your teams’, reconciling, looking at mismatches, understanding the complexities of your clients business. The reconciliation challenges may be unique to each of your customer and you are likely to be in the throes of it right now.
We suggest some steps –
Why does this matter?
For your own revenues and of course for your sanity. You cannot keep holding on the GSTR-9, waiting for things to change. It is very unlikely that the government will change this return form radically.
I think and I know things.
And sometimes, I write!
So, if you are keen on reading,
Come with a big appetite.
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