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Annual return tab enabled on GST portal; FIEO appreciates the initiative - GST Station

Annual return tab enabled on GST portal; FIEO appreciates the initiative

Annual return tab enabled on GST portal; FIEO appreciates the initiative

    NEW DELHI: The Goods and Services Tax Network (GSTN) has enabled the option of ‘Annual Return Tab’ on GST portal for filing annual GST return.

    Calling it a good initiative on part of government, Ajay Sahai, Director General of Federation of Indian Exports Organization (FIEO) while talking to KNN India said “We have already informed exporters that they have to be little careful while filing the GST annual return.”

    While filing the return, sum total of the monthly return should be matched with the annual return, he added.

    He pointed “If annual return not matches with the sum total of monthly return, it will create problem for exporters.”

    Requesting the government, Sahai said “If there are any errors, we request government to give some reasonable time to the exporters to review this data.”

    Yesterday, GSTN has enabled the option by creating a tab for filing GST Annual Return on GST Portal, there are high chances that GST Annual Return Utility may be released very soon.

    The Due date for filing Form GSTR– 9 i.e. (Annual Return) for the financial year, 2017-18 is December 31, 2018 and till date there is no such offline or online utility is available by GST department.

    Draft GSTR 9 based on the returns filed by taxpayers is made available on GST portal for download.

    GSTR 9 form is an annual return to be filed once in a year by or before the 31st December following the end of such financial year, by the registered taxpayers under GST including those registered under composition levy scheme.

    Source- Knn India.

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