The Central Board of Indirect Taxes and Customs had extended the deadline to January 17 from the earlier January 10 deadline

The decision to the extend the deadline for availing late fee waiver on GSTR-1 was taken in view of enthusiastic response to the decision, Ministry of Finance said

With around one crore GST-registered businesses failing file their returns in due time, the new set of norms will allow (GST) authorities to either attach their property or freeze their bank accounts, if the entities do not file their tax returns despite repeated reminders

Finance Minister Nirmala Sitharaman said the decision was not imposed by the council or by her as a chair but by a council member; the 'member' she referred to, according to those present in the meeting, was Kerala Finance Minister Thomas Isaac

During their pre-Budget consultations with Finance Minister Nirmala Sitharaman, CII leadership has asked the government to focus on spending, even if it means a bigger budget deficit

The government has extended the due date for filing annual return (GSTR-9) and reconciliation statement/audit report (GSTR-9C) for financial year 2017-18 to January 31, 2020

FM Nirmala Sitharaman said a committee of secretaries made a presentation on ways to augment revenue, but it did not contain any direct or indirect suggestions on rate hike or rate reduction

GST Council Meeting: FM Nirmala Sitharaman said that she heard the concerns raised by state finance ministers who are worried that Centre will not be able to meet its compensation obligations to states

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GSTR-9, an annual return form, and GSTR-9C, a reconciliation statement, for financial year 2017-18 can be filed till December 31, 2019, and the same for financial year 2018-19 have to be filed by March 31, 2020

The GST Council can extend the last date from December 31, 2019, because businesses are yet to complete the GST return filing process for FY18

While technical glitch is one of the reasons, the bigger issue it seems is reconciliation of returns with financial statement, which is what the GSTR-9C is all about

The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns.

The Central Board of Indirect Taxes & Customs (CBIC) said certain technical problems are being faced by the taxpayers as a result annual return for the period July 1, 2017 to March 31, 2018 could not be furnished by persons registered under GST

The decision to validate Aadhaar for registration with GSTN portal is aimed at improviing ease of doing business for traders, Revenue Secretary AB Pandey said.

The annual returns in Form GSTR-9 and the reconciliation statement in Form GSTR-9C are filed by normal taxpayers, where composition taxpayers file their annual returns via Form GSTR-9A.

Tax and legal consultants on Wednesday complained about the time-limit of three months given to file the GST returns for 2017-18 as hundreds of amendments, notifications and circulars have made the Act very complex.

For credit that has already been claimed in the GSTR-3B return, as well as credit claimed in the auto-generated GSTR-2A return, it is imperative that this matches with the books of accounts, and the GSTR-9 return.

The ministry said that many taxpayers have raised concern that annual return form GSTR-9 does not allow a taxpayer to report details of IGST paid on imports made in 2017-18 but credit for the same was availed in 2018-19.