New Delhi, Dec 22: The Goods and Services tax Council on Saturday extended the date of filing annual return of the GST to June 30, 2019.
Earlier, the date of filing annual return was March 31, 2019. With an eye on 2019 general elections, Union Finance Minister Arun Jaitley also announced that the people who have not filed any GST can file return till March 31, 2019.
“People who have filed GST returns from July 2017 to September 2018 can file their annual returns till march 31, 2019. They would not have to pay any penalty on this,” Mr Jaitley told a press conference after the 31st GST Council meet.
Mr Jaitley said there would be a single cash ledger for each tax head. The modalities for implementation would be finalised in consultation with GSTN and the Accounting authorities. A scheme of single authority for disbursement of the refund amount sanctioned by either the Centre or the State tax authorities would be implemented on pilot basis. The modalities for the same shall be finalised shortly.
The new return filing system shall be introduced on a trial basis from April 1, 2019 and on mandatory basis from July 1, 2019.
The due date for furnishing the annual returns in Form GSTR-9, GSTR-9A and reconciliation statement in Form GSTR-9C for 2017-18 was further extended till June 30, 2019.
Clarifying this, an official said the due date for furnishing Form GSTR-8 by e-commerce operators for the months of October, November and December, 2018 was extended till January 31, 2019 while the date for submitting Form GST ITC-04 for the period July 2017 to December 2018 was extended till March 31, 2019.
The ITC in relation to invoices issued by the supplier during FY 2017-18 may be availed by the recipient till the due date for furnishing of FORM GSTR-3B for the month of March, 2019, subject to specified conditions.
All the supporting documents or invoices in relation to a claim for refund in Form GST RFD-01A shall be uploaded electronically on the common portal at the time of filing of the refund application itself, thereby obviating the need for a taxpayer to physically visit a tax office for submission of a refund application. GSTN will enable this functionality on the common portal shortly.
Refund on account of Assessment/Provisional Assessment/Appeal/Any Other Order; Tax paid on an intra-state supply which is subsequently held to be inter-State supply and vice-versa; Excess payment of Tax; and any other refund shall also be made available through form GST RFD-01A:
The official said one more window for completion of migration process is being allowed. The due date for the taxpayers who did not file the complete Form GST REG-26 but received only a Provisional ID till December 31, 2017 for furnishing the requisite details to the jurisdictional nodal officer shall be extended till January 31, 2019. Also, the due date for furnishing Form GSTR-3B and Form GSTR-1 for the period July, 2017 to February, 2019/quarters July, 2017 to December, 2018 by such taxpayers shall be extended till march 31, 2019.
Late fee shall be completely waived for all taxpayers in case Forms GSTR-1, GSTR-3B and GSTR-4 for the months / quarters July, 2017 to September, 2018, are furnished after December 22, 2018 but on or before March 31, 2019, he added.
The official said taxpayers who have not filed the returns for two consecutive tax periods shall be restricted from generating e-way bills. This provision shall be made effective once GSTN/NIC make available the required functionality.
Clarifications shall be issued on certain refund related matters like refund of ITC accumulated on account of inverted duty structure, disbursal of refunds within the stipulated time, time allowed for availment of ITC on invoices and refund of accumulated ITC of compensation cess.
Changes made by CGST (Amendment) Act, 2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 and the corresponding changes in SGST Acts would be notified with effect from February 1, 2019.He said the requisite notifications for implementing the recommendations of the GST Council would be issued shortly. (UNI)